Japan firms commit P51 billion in new PH investments

The Philippines has secured approximately P51 billion in new investments from major Japanese conglomerates, including Koshidaka Holdings, Marubeni Corp., and Sojitz Corp.

Koshidaka Holdings will invest P34 billion to establish 300 karaoke outlets across the Philippines within ten years, creating an estimated 1,500 direct jobs, with the first outlet opening in 2026.

Marubeni Corporation committed P15 billion towards its real estate, fintech, and healthcare businesses in the Philippines, building on its previous infrastructure investments.

Sojitz Corporation will invest P2 billion to P3 billion in a property developer to attract firms in artificial intelligence, semiconductor design, software, and healthcare, and is also interested in aviation projects.

Additionally, Mitsui & Co., Ltd. plans to invest in renewable energy, liquefied natural gas receiving terminals, next-generation energy solutions, and large-scale infrastructure such as ports and logistics hubs.