the total Philippine investment/agreements with China and Japan combined is $43.5 billion USD. - NOYNOY the Dilawan king got what? it just means that the Japanese didn't Trust the Aquino government because of massive corruption and ineptitude
The Philippines has received offers of investments and loans totaling $19 billion during President Rodrigo Dutertes three-day official visit to Japan.
The bulk of the amount, $17.2 billion, was offered by Marubeni Corp., one of Japans major integrated trading and investment business conglomerates, Trade Secretary Ramon Lopez said in a text message to reporters in Manila on Thursday.
According to a document provided by Lopez, Marubeni will be involved in $3.2 billion worth of projects (short term) and $14 billion (medium to long term) worth of projects in mass transport systems, roads and highways, water and power.
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The financial package includes a $157-million official development loan to provide the Philippine Coast Guard (PCG) with two new large patrol vessels to improve the countrys maritime law enforcement.
12 MOUs, LOIs
Apart from Marubenis offer, there were $1.85 billion in committed investments to the Philippines at the end of Mr. Dutertes three-day visit.
These covered 12 memorandums of understanding (MOUs) and letters of intent (LOIs).
Lopez said the investment deals forged in Japan, excluding the Marubeni commitment, were expected to generate some 250,000 jobs in the Philippines.
http://globalnation.inquirer.net/148...als-from-japan
The Philippines has received offers of investments and loans totaling $19 billion during President Rodrigo Dutertes three-day official visit to Japan.
The bulk of the amount, $17.2 billion, was offered by Marubeni Corp., one of Japans major integrated trading and investment business conglomerates, Trade Secretary Ramon Lopez said in a text message to reporters in Manila on Thursday.
According to a document provided by Lopez, Marubeni will be involved in $3.2 billion worth of projects (short term) and $14 billion (medium to long term) worth of projects in mass transport systems, roads and highways, water and power.
ADVERTISEMENT
The financial package includes a $157-million official development loan to provide the Philippine Coast Guard (PCG) with two new large patrol vessels to improve the countrys maritime law enforcement.
12 MOUs, LOIs
Apart from Marubenis offer, there were $1.85 billion in committed investments to the Philippines at the end of Mr. Dutertes three-day visit.
These covered 12 memorandums of understanding (MOUs) and letters of intent (LOIs).
Lopez said the investment deals forged in Japan, excluding the Marubeni commitment, were expected to generate some 250,000 jobs in the Philippines.
http://globalnation.inquirer.net/148...als-from-japan