President Ferdinand R. Marcos Jr. on Friday said government will establish a “green lane” to draw in more “strategic investments” from Japanese and other foreign businesses in the country.
Among the deals that were signed were for wiring harness manufacturing expansion project with Asti Corporation; a printer manufacturing expansion project with Brother Industries, Ltd.; a hotel construction project with DoubleDragon Corporation/IwataChizaki Inc.; and a factory expansion project with Japan Tobacco Inc.
“It is our hope that companies such as yours will not only find the Philippines to be an attractive investment destination, we are designing our efforts to encourage you to stay and find our country to be a place where your businesses will thrive,” the President said addressing the representatives of the said firms in the signing ceremony.
A total of 114 businessmen joined the Philippine delegation, which accompanied Marcos in his ongoing official visit in Japan that will end on Sunday.