According to the officials of the Philippine Embassy, more investment opportunities from Japanese companies are expected this year.
They also noted that even if Japanese companies are looking into creative content and game development, outsourcing, and infrastructure projects, the South, through the Mindanao peace accord, is also a premier destination for agribusiness and mining investments.
Hans Siriban, Second Secretary and Consul of the Philippine Embassy in Japan, said Japanese investors are considering the Philippines, Vietnam, and Indonesia as prime destinations for new ventures.
According to Ambassador Manuel Lopez, the Philippines is a convenient ASEAN economy for Japan because of its proximity, and itís probably the most affordable. He said tax perks for export-oriented businesses and putting up business process outsourcing (BPO) operations are what Japanese firms are interested in.
Meanwhile, Dita Angara-Mathay, Commercial Counsellor of the Philippine Embassy in Japan, said enterprises are eyeing infrastructure and transportation investments in the country.
It was also noted that the Philippines is poised as Japanís gateway to Southeast Asia. Another sector in the country that is said to have caught the attention of Japanese firms is the manufacturing industry.