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More positive aspects eyed for PH economic system from PBBM journey to Japan

MANILAThe Philippine delegation to Japan headed by President Ferdinand R. Marcos, Jr. is predicted to convey dwelling many vital positive aspects once they return to the nation on Feb. 12, House Speaker Ferdinand Martin Romualdez introduced on Thursday afternoon.

According to the House chief, on the charge it’s going, the 5-day-stretch working go to of the President’s group to Japan could be extra fruitful when it comes to investments and different financial boosters that can are available, as manifested throughout his earlier assembly with the Japanese enterprise sector representatives.

On simply the second day of the go to, Romualdez, who’s a part of the delegation, famous that the President has already cornered billions of pesos throughout the spherical desk assembly on Thursday morning with high executives of Japan-based semiconductor, electronics, and wiring harness companies.

The Speaker additionally believed that President Marcos’ journey to Japan will additional enhance the general commerce and financial relations between the 2 nations.

“The President is really working hard to promote the Philippines to Japanese investors and businesses. And with the warm reception he is receiving, I am confident that he would achieve more significant gains in the few remaining days of his working visit to Japan,” Romualdez stated.

In one other growth, the House Speaker likewise famous that tourism stakeholders in Japan have proven eager curiosity within the President’s presentation throughout a separate assembly outlining the Philippine authorities’s initiatives meant to lure extra Japanese vacationers to return and go to the Philippines.

At current, Japan ranks sixth among the many nation’s overseas guests.

“These are encouraging developments that would eventually redound to the benefit of tens of thousands of Filipinos, in terms of new jobs and business opportunities that would further drive our economic growth,” Romualdez stated.

The Speaker was among the many Philippine authorities officers current throughout the two conferences, and in addition on the dinner Wednesday evening hosted for the Philippine delegation by Mitsui & Co. and Metro Pacific Investments Corporation.

During dinner, Romualdez observed that many Japanese businessmen and executives have been so interested by enterprise and funding alternatives within the Philippines and in addition concerning the nation’s sturdy financial efficiency, regardless of the pandemic.

President Marcos earlier stated the participation of lawmakers in his overseas journeys is essential in his effort to draw extra overseas direct investments to the nation since they might instantly tackle considerations potential buyers could have on current guidelines as properly on pending laws which will influence the nation’s enterprise local weather.

Among the pending issues in Congress that could be of curiosity to Japanese businessmen embrace the House-approved Maharlika Investment Fund, which is presently underneath deliberation within the Senate.

There are additionally a number of payments into consideration of the House that are proposing amendments to the 1987 Constitution to take away restrictive financial provisions and open up the nation to the entry of overseas direct investments, thereby creating extra job alternatives and spur financial development.

President Marcos’ remaining actions earlier than heading dwelling on Feb. 12 embrace a one-on-one assembly with Japanese Prime Minister Fumio Kishida, whereby the 2 leaders are set to signal key offers within the areas of humanitarian help and catastrophe reduction, infrastructure, agriculture, and digital cooperation.

The First Couple can be scheduled to have a brief assembly with Emperor Naruhito and Empress Masako. (PNA)

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