A government investment mission to Japan resulted in new and expansion project applications, particularly in the areas of home building, chemical, rare earth magnets, among others, the Philippine Economic Zone Authority reported on Tuesday.
Panga said Ichijo Corporation plans to increase its annual housing delivery capacity from 15,000 units to 20,000 units in 2024. The PEZA chief said Ichijo is poised to contribute significantly to local employment with an estimated additional 3,000 to 4,000 jobs to its current 23,000-manpower complement.
Aside from the investment pledges garnered during the outbound mission to Japan held last July 16 to 22, 2023, PEZA said it has also approved last January and February three big-ticket Japanese investments for this year.