President Ferdinand R. Marcos, Jr. on Thursday said he was able to get “billions of pesos worth” of investments from Japanese semiconductor and electronic firms, which are expected to generate over 100,000 jobs. Know more:
PRESIDENT Ferdinand R. Marcos, Jr. on Thursday said he was able to get “billions of pesos worth” of investments from Japanese semiconductor and electronic firms, which are expected to generate over 100,000 jobs.
The country is currently the fourth largest exporter of wiring harness worldwide due to its low- cost production.The discussions in Tokyo were meant to address the concerns of the said companies and make it more convenient for them to expand their operations. “With the automotive industry moving toward electric vehicles and autonomous driving and the printer industry facing challenges related to digitalization and automation, we hope to see you recruit our talented human resources in your R&D activities,” Marcos said.
In response, Pascual said that currently, the Philippine government is exerting all efforts to lobby with the US Government for the GSP reauthorization. According to Romualdez, in just the second day of President Marcos’ trip to Japan, Marcos received investment pledges worth billions of pesos at Thursday’s round-table meeting with Japan-based semiconductor, electronics, and wiring harness firms.
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