Japanese health technology firm Tanita Corp. is considering the Philippines as the site of a new export-oriented manufacturing facility, a potential investment that could generate about P2 billion in export sales and create around 500 jobs within five years of operations.
President Ferdinand R. Marcos Jr. secured P56.3 billion in investment expansion commitments from four major Japanese firms during business meetings on the sidelines of his State Visit to Japan, promising roughly 10,300 direct and indirect jobs for Filipinos.
The Philippines and Japan have sealed a landmark new tax convention aimed at boosting cross-border investments and deepening economic ties, as both countries also move to explore possible upgrades to key regional trade agreements.
Chinese bearing manufacturer C&U Group is ramping up its Philippine expansion with a USD132 million investment in its Sto. Tomas, Batangas facility, further cementing the country’s role in the company’s global manufacturing network.
Liwayway Holdings Co., Ltd., the group behind the popular Oishi snack brand, is deepening its investment in the Philippines with plans to establish a coconut processing hub aimed at supplying China’s rapidly expanding demand for coconut-based products.