More Japanese firms inquire about Philippines investment prospectsDuring the Global Biz Forum organized by the Philippine Economic Zone Authority (PEZA), Department of Trade and Industry – Philippine Trade Investment Center – Tokyo commercial counsellor Dita Angara-Mathay noted there has been an increase in investment-related inquiries from Japanese firms recently. MANILA, Philippines — Japanese firms are looking for opportunities in manufacturing, power, construction and food processing in the country. During the Global Biz Forum organized by the Philippine Economic Zone Authority (PEZA), Department of Trade and Industry – Philippine Trade Investment Center – Tokyo commercial counsellor Dita Angara-Mathay noted there has been an increase in investment-related inquiries from Japanese firms recently. She said the Philippines also expects its US GSP status to be renewed, which would also eliminate tariffs for some exports of firms that are located in the Philippines. He said there are about a thousand Japanese companies registered with the PEZA engaged in electronics, semiconductors, information technology and metal processing.

Source: Philippine Star December 20, 2021 11:33 UTC