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Friday, December 8, 2023

BOI expects more Japanese investments

The Board of Investments (BOI) noted Japanese investors’ continued strong interest in expanding in the Philippines.

BOI managing head Ceferino Rodolfo said more Japanese investors showed increased interest in the Philippines, and more projects were fleshed out after the passage of game-changing economic policy reforms.

“We hope that many more Japanese companies will come to the Philippines to be part of our economic transformation miracle,” he told participants in the webinar on strategic investments opportunities organized by the MUFG Bank Ltd. and Security Bank Corp.

Some of the reforms introduced to aid trade include amendments to key legislations such as the Retail Trade Liberalization Act, Foreign Investments Act, Public Services Act and on the implementing rules and regulations of the Renewable Energy (RE) Act.

Rodolfo assured Japanese enterprises that the BOI, together with its partner banks such as MUFG and SBC, would continue to provide support to make investment opportunities happen for them in the Philippines.

Japan is among the top sources of investments to the Philippines.

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