TOKYO – Several investment deals signed between the Philippines and Japan during the President’s trip to Tokyo are “ready to go,” Department of Trade and Industry Secretary Alfredo Pascual has claimed.
“Several are ready to go, others are already registered with the Board of Investments that are being documented to meet the investments,” Pascual told the Philippine media in an interview here over the weekend.
“There are those plans I’ve heard from Japanese investments that go to as long as three years. Normally that’s the time frame within which big investments are made,” he noted.
He did not disclose which business projects are ready to be executed.
The President witnessed the singing of at least 35 investment deals during his five-day official trip to Tokyo, where he held several meetings with Japanese business leaders.
According to DTI, at least 240 Philippine companies and 1,300 Japanese firms, composed of 3,472 businessmen, registered for the meetings with the President and the Philippine delegation.