FPIP Teams Up with PEZA to Attract Japanese Investors
Sto. Tomas, Batangas – First Philippine Industrial Park (FPIP) is pursuing more Japanese enterprises to invest in the Philippines.
FPIP joined the Philippine Economic Zone Authority (PEZA) for an outbound mission to Tokyo, Japan from August 28 to September 2, 2023, in a bid to promote the Philippines as an ideal investment destination.
Aside from a forum organized by Junca Global Holdings, a series of business-to-business meetings were also conducted to capitalize on investment leads from PEZA, as well as those from FPIP and Sumitomo Corporation. This 5-day outbound mission resulted in P10.8 billion in investment commitments from PEZA-registered Japanese enterprises.
Data from PEZA showed that Japan is the Philippines’ top investor. Its total investment from 1995 to June 2023 has reached P766.550 billion, which makes up 27.37% of PEZA’s overall investments by country. At present, there are 877 Japanese locators in the country with 339,751 direct employment, while exports from January to May 2023 reached $6.370 billion.
FPIP Senior Vice President and Head of the Industrial Business Group Toshiaki Oi shares, “FPIP will continue to support PEZA and other investment promotions agencies in their initiatives to bring more investments in the Philippines and generate more job opportunities for the Filipino people.”
FPIP is an ecozone developer created by Lopez-led First Philippine Holdings (FPH) and Japanese conglomerate Sumitomo Corporation. It is the preferred location of 150 world-class and industry-leading businesses from various industries.
FPIP is also home to large Japanese companies, such as Brother Industries, Canon Business Machines, Honda Philippines, Ibiden Philippines, and Philippine Manufacturing Co. of Murata.