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Manila Bulletin devider Philippines devider National devider PH envoy woos Japanese investors; 'explore PPP, Maharlika'

PH envoy woos Japanese investors; 'explore PPP, Maharlika'

Published Sep 4, 2023 12:17 pm

The Philippines' envoy to Japan has encouraged Japanese investors to "explore various economic opportunities" in the Philippines, through public-private partnerships and the Maharlika Investment Fund, the Department of Foreign Affairs (DFA) said Monday, Sep. 4.

Philippine Ambassador Mylene Albano continued to woo Japanese businessmen to invest in the Philippines as she met them in an event co-organized by the Philippine government and various Japanese companies.

In her remark during a session entitled "Philippine Investment Opportunities: Public-Private Partnerships and the Maharlika Investment Fund," Albano expressed her hopes to "leverage the keen interest that our Japanese friends have shown in the Philippine economy over the years."

"We also wish to highlight the various exciting, mutually beneficial opportunities our country presents and to provide you valuable insights into how the Philippines could be a source of new value to grow and expand your businesses," she added.

The session presented the state of the Philippine economy and updated the various stakeholders on possible investment opportunities, the DFA said.

Albano is committed to getting the backing of Japanese investors to the Philippines.

In May, Albano called on the business community in Japan to "ride the waves of opportunities" and "invest in the Philippines" as she cited the country's projected growth in the post-pandemic world.

Speaking at a business forum, she highlighted the country's consistent gross domestic product (GDP) growth performance and the strength of the Filipino workforce.

She also noted the vast market potential that the Philippines offers, considering its sizable middle-class population and its strategic location as Japan’s gateway to the Southeast Asian market.

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