Skip to content

Philippines Today

home of the Global Filipino

Menu
  • News Stories
  • Regional News
  • Business & Economy
  • Science & Technology
  • International
Menu

President Aquino brings home Php 13.5-B investment pledges, Php 136.9-B loans from Japan trip

Posted on June 6, 2015

MANILA, June 6 (PNA) — President Benigno S. Aquino III returned to the country on Friday with Php 13.5 billion investment pledges and Php 136.9 billion loans from his four-day state visit to Japan.

The President was welcomed at the arrival area of the Ninoy Aquino International Airport by Cabinet members, including Executive Secretary Paquito Ochoa, Interior and Local Government Secretary Manuel Roxas, Justice Secretary Leila de Lima, MMDA Chairman Francis Tolentino, DOLE Secretary Rosalinda Baldoz, DOH Secretary Janette Garin, and Tourism Secretary Ramon Jimenez.

During the trip, President Aquino received Php 13.5 billion investment pledges from 11 companies which signed letters of intent to open or expand their operations in the Philippines.

The President cited the plan of clothing company Uniqlo, which currently has 22 outlets in the country, to add 200 more shops.

He said the other companies were into manufacturing of electric tricycles, printers, smart glasses and medical devices such as aortic catheter, invitro diagnostics and for hemodialysis treatment.

“Sa pagdadala nila ng mga produktong ito sa Pilipinas, malinaw na lumalawak ang pagkilala ng mundo sa talino at talento ng Pilipino,” said President Aquino, adding that some companies have expressed plans to make the Philippines their center of operations in the ASEAN region.

“Dahil alam naman nating kapag mas mataas sa value chain ang produktong nililikha ay mas mataas din ang pasahod at mas mabilis na matatamasa ang ginhawa at dignidad ng buhay para sa nakakaraming Pilipino,” said the President of the investment pledges that can generate around 30,721 jobs.

The Philippines and Japan also signed agreements in health, maritime safety and trade as well as a concessional loan amounting to Php136.9 billion for huge infrastructure projects.

“Dagdag pa pong good news ang sari-saring mga kasunduang nilagdaan sa pagitan ng Japan at ng Pilipinas partikular sa mga sektor ng kalusugan, maritime safety, at kalakalan,” said President Aquino.

“Ito pong concessional loan ang pautang na sobrang gaan ng interes at ipinagkakaloob ng kaibigan sa kanyang kapwa kaibigan. Nagpapakita po ito ng kagustuhang tunay na makatulong kaysa maging pabigat,” the President added.

President Aquino and Japanese Prime Minister Abe also signed a Joint Declaration on Strengthened Strategic Partnership.

“Tunay nga pong pinapalalim ang ugnayan ng ating mga bansa sa maraming sektor, kabilang na ang seguridad. Napapanahon po itong pagtaas ng antas ng ating relasyon sa Japan sa harap ng mga banta sa estabilidad sa West Philippine Sea,” said the President.

“Ang mahalaga nga po ay nakikita nating nagtutugma ang mga prinsipyo ng Japan at Pilipinas tungkol sa paggalang sa mga karapatan ng bawat bansa, sa malayang paglalayag sa international waters, at sa paghahari ng batas at mapayapang ugnayan upang matugunan ang anumang di-pagkakaintindihan. Sa tulong nga po ng Japan, natatawag ang pansin ng mas marami pang mga bansa sa sitwasyon sa mga dagat ng Asya,” he added. (PNA)

Share this:

  • Facebook
  • Twitter
  • LinkedIn
  • Pinterest
  • More
  • Tumblr
  • Reddit

Related

News Categories

  • Announcement (34)
  • Business & Economy (1,567)
  • Comment and Opinion (74)
    • Random Thoughts (18)
  • Current Issues (425)
    • Charter Change (1)
    • Election (228)
    • Population (6)
  • International (389)
  • Life In Japan (66)
    • Everything Japan (41)
  • Literary (34)
  • Miscellaneous (610)
  • News Stories (5,312)
  • OFW Corner (297)
  • Others (75)
  • People (408)
  • Press Releases (163)
  • Regional News (3,362)
  • Science and Technology (502)
  • Sports & Entertainment (287)

Latest News

  • BSP keeps policy rates anew December 17, 2015
  • NEDA cuts PHL additional rice import for 2016 by 25% December 17, 2015
  • DA cites serious implications of banning genetically modified products December 17, 2015
  • BBL is not yet dead – Drilon December 17, 2015
  • Comelec recognizes Duterte’s CoC for president December 17, 2015
  • NEDA chief sees 2015 growth at 6% despite typhoons December 17, 2015
  • House of Representatives ratifies bicam report on P3.002-T national budget for 2016 December 17, 2015
  • Cebu-based developer invests PHP430M to build 709 townhouse units in north Cebu town December 17, 2015
  • City gov’t eyes P75-M income from economic enterprise December 17, 2015
  • Baguio City LGU presents traffic plan for holiday season December 17, 2015

Archives

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

Science and Technology

  • DOST-ICTO targets 500,000 web-based workers from countryside by 2016
  • (Feature) STARBOOKS: A ‘makeover’ for librarians
  • Science, research reduce ‘cocolisap’ hotspot areas in PHL
  • Montejo to further improve PAGASA and empower scientists
  • 1st PPP in biomedical research produces knee replacement system fit for Asians

Press Releases

  • Microsoft to buy Nokia’s mobile devices business for 5.44-B euros
  • New World Bank climate change report should spur SEA and world leaders into action: Greenpeace
  • Save the Philippine Seas before it’s too late — Greenpeace
  • Palanca Awards’ last call for entries
  • Philippines joins the global call for Arctic protection

Comment and Opinion

  • Remembering the dead is a celebration of life
  • Killer earthquake unlikely to hit Panay Island in near future – analyst
  • It’s not just more fun to invest in the Philippines, it is also profitable, says President Aquino
  • How does one differentiate a tamaraw from a carabao?
  • Fun is not just about the place, it is also about the people, says DOT chief

OFW Corner

  • Ebola infection risk low in Croatia
  • Death toll rises to 41, over 100 still missing in landslide in India
  • Asbestos use in construction a labor hazard
  • 500,000 OFWs to benefit POEA on-line transactions — Baldoz
  • 25 distressed OFWs return home from Riyadh
©2025 Philippines Today | Design: Newspaperly WordPress Theme