Japanese direct equity investments in the various economic zones in the country have reached P727.7 billion to date, making the number one foreign investor in the
The Philippine Economic Zone Authority (PEZA) cited the data during its latest ECOZONES IN-DEPTH: PEZA Dialogue with the Philippine Ambassador to Japan Jose C. Laurel V.
According to PEZA Deputy Director General Tereso Panga, PEZA has registered 964 locator companies with Japanese equity generating total PEZA FDI inflows of P727.7 billion. These projects provide employment to 351,806 Filipinos.
In terms of its share in the PEZA total ecozone foreign direct investments by country,
In the January-September period alone, Japanese ecozone investments chalked up 70 percent share or P22.2 billion out of total P31.8 billion approved even amid pandemic.
“We remain bullish that the Japanese will continue to be our no. 1 investor in PEZA not only this year but for the many years to come,” said Panga.
PEZA is also confident of brighter prospects for more Japanese FDI flows to the country.
Panga cited four reasons for this optimism. First, he noted of the various economic zone projects with Japanese equity that are still pending Malacanang proclamations by the Office of the President. He also cited ecozone developments with Japanese capital to
FPIP,
Also, there are continuous expansion of existing Japanese ecozone locators particularly in the product-sectors of
Japanese SMEs are also going global and upscaling of production through JICA's program to connect to the developing countries the Japanese SMEs as an invaluable source of FDI, diversified technologies and expertise.
In addition, the Japanese government's stimulus for Japanese manufacturing companies in