MANILA — The Philippines secured P51 billion in investments from Japanese companies after economic managers visited the country, the Department of Trade and Industry (DTI) said Monday.
In a statement, the DTI said Koshidaka Holdings Co., Ltd., operator of the world’s largest karaoke chain, will invest P34 billion to open 300 outlets nationwide over the next decade. The first Karaoke Manekineko outlet is expected to open in the Philippines in 2026, and the investment as a whole is expected create 1,500 direct jobs.
Marubeni Corporation, meanwhile, said it will P15 billion for its real estate, fintech, and healthcare businesses in the Philippines. Marubeni has been investing in infrastructure in the Philippines through Build-Operate-Transfer projects and joint ventures.
Sojitz Corporation also said it is investing P2–P3 billion in a property developer to help attract artificial intelligence, semiconductor design, software, and healthcare firms. It also said it interested in working on aviation-related projects.
In a separate statement, the Department of Finance also noted that Mitsui & Co., Ltd. wants to invest in renewable energy, liquefied natural gas receiving terminal, next-generation energy solutions, and large-scale infrastructure like ports, terminals, logistics hubs, and transport systems.
Mitsui already has investments in automotive, infrastructure, business process outsourcing, information and communications technology, mineral resources, and power generation in the Philippines.
Trade Secretary Cristina Roque said the economic team will work together to ensure these projects create quality jobs, strengthen supply chains, and push the country towards a green, digital, and broad-based economy.
