The Philippines positioned itself as a prime investment hub for Japanese enterprises during the Philippine-Japan Investment Forum held on May 13th in Tokyo. Spearheaded by Aboitiz InfraCapital Economic Estates and in partnership with the Philippine Economic Zone Authority (PEZA), the Philippines-Japan Economic Cooperation Committee Inc., the Tokyo Chamber of Commerce and Industry, and Kiraboshi Consulting Co. Ltd., the forum highlighted the strong economic ties between the two nations and the numerous opportunities available for Japanese investors.
The event brought together key government officials, industry leaders, and prospective investors from Japan. Attendees learned about the Philippines’ growing economy, strategic location within Southeast Asia, and the attractive incentives offered by the Philippine government. This strategic platform aimed to foster valuable networking and facilitate collaborations that benefit both economies.
Ms. Vivian Santos, Deputy Director General of PEZA, emphasized the government’s plan to “Ecozone the Philippines” through sustainable and inclusive development. This initiative seeks to establish more economic zones nationwide, driving economic expansion and job creation across various regions.
Monica Trajano, Vice President for Sales at Aboitiz InfraCapital Economic Estates, addressed the increasing demand for industrial and commercial spaces outside Metro Manila. She highlighted the recent launch of TARI Estate, a 200-hectare industrial park in Tarlac City, one of the fastest-growing economies in the Philippines.
“TARI Estate exemplifies our dedication to empowering businesses seeking strategic locations beyond Metro Manila,” explained Monica Trajano. “This 200-hectare industrial park boasts ready-to-build lots ranging from 2 to 2.3 hectares, offering Japanese investors immediate access to prime industrial land in a region poised for significant growth.”
“Our commitment extends beyond new ventures,” Trajano continued. “We’re excited to announce a 40-hectare commercial lot expansion at LIMA Estate and a 39-hectare industrial expansion at West Cebu Estate, catering to a wider range of businesses and industries. These strategic investments demonstrate our commitment to supporting existing hubs and offering Japanese businesses diverse investment opportunities.”
Data from PEZA underlines the strength of this economic partnership. Japan is the Philippines’ top investor, with investments exceeding P797.8 billion since 1995. Currently, 877 Japanese companies operate in PEZA zones, directly employing over 342,845 Filipinos. In 2023 alone, exports from these companies reached $16.392 billion.
The success of the Philippine-Japan Investment Forum demonstrates the commitment of both nations to strengthen their economic alliance. The forum is expected to generate a surge in Japanese investments, leading to job creation and economic growth for both countries. This reinforces the spirit of collaboration and prosperity that underpins this enduring partnership.
