MANILA — The Philippine delegation secured about PHP51 billion worth of investments during its recent trip to Osaka, Japan, the Department of Trade and Industry (DTI) said Monday.

DTI Secretary Cristina Roque said the bulk of the investments, amounting to PHP34 billion, comes from Koshidaka Holdings Co., Ltd., operator of the world’s largest karaoke chain, which plans to open 300 outlets in the Philippines over the next 10 years. The investment is projected to generate over 1,500 direct jobs and support thousands more through construction and supply-chain activities.

Marubeni Corporation committed PHP15 billion in investments spanning real estate, financial technology, healthcare, and afforestation. Sojitz Corporation will invest PHP2 billion to PHP3 billion in a property developer to attract firms in artificial intelligence, semiconductor design, software, healthcare, and aviation-related projects.

Mitsui & Co. will expand its existing investments in partnership with Metro Pacific Investments Corp. and Steel Asia for a steel recycling venture supporting the country’s decarbonization efforts.

“These commitments in green energy, smart housing, healthcare, and creative services highlight the strength of our partnership with Japan. DTI and the Economic Team will work together to ensure these projects generate quality jobs, strengthen supply chains, and advance the country’s shift to a green, digital, and broad-based economy,” Roque said.

Special Trade Representative Dita Angara-Mathay added that the presence of high-level officials, including Finance Secretary Ralph Recto and BSP Deputy Governor Zeno Abenoja, assured investors of strong government commitment and seamless project execution.

“These investments are a testament to President Ferdinand R. Marcos Jr.’s vision for an agile, innovation-driven economy that welcomes partnerships and delivers inclusive growth,” Roque said.(PNA)