By Bernie Cahiles-Magkilat
A Japanese wiring harness manufacturer is relocating its operation to the Philippines with the potential of employing 10,000 workers, according to the Board of Investments (BOI).
BOI Managing Head Ceferino S. Rodolfo, who is also undersecretary of the Department of Trade and Industry (DTI), said that based on his discussion with the Japanese company officials, the company is transferring its operations to the Philippines.
Rodolfo, however, refused to identify the company and did not give additional details except saying that this project will be relocating in Pangasinan. This relocation of the Japanese firms will continue on based on their discussion, he added.
The BoI leader revealed the Japanese project in relation to the opening yesterday, Tuesday, of the last leg of the TPLEX project, which will cut travel time from Manila to La Union to less than an hour from the current 2-3 hours.
Rodolfo also revealed that that BOI has approved last week the biggest ever project registered by the agency. This gargantuan infrastructure project will boost connectivity in Luzon and will boost tourism.
“The BOI approved last week one of the biggest infrastructure in the Philippines ever,” he said.
According to Rodolfo, the project proponent has submitted a written commitment that they will pursue the project moving forward given the medium and long-term prospects of the Philippine economy. The project located north of Manila will held make the Philippines a hub for tourism and international travel.
He explained that this huge infrastructure project could have been approved last month but Lopez insisted on asking the project proponent to submit a written commitment for its proposal.
“This will push and extend industrialization more out of Region 4A because now it is just south of Luzon but with TPLEX the north of Luzon becomes very important,” he said.
Rodolfo highlighted these two projects in relation to the improvement in the country’s infrastructure that opened up new opportunities to the north of Luzon.
He said that during the lockdown period, Lopez as member of the Inter Agency Task Force on Emerging Infectious Diseases has pushed for the resumption of infrastructure works to take advantage of the lull in the country’s famous traffic congestion.
Lopez himself cited that the North-South Manila connector road will be completed by December this year. The connector road will bypass EDSA and cut travel time to 30 minutes from the current 2-3 hours.
There also expressways connecting from Manila to the North to Subic and Clark and from the south to Cavite and Bicol to be completed in two years.