Marcos says Mitsubishi to expand investments in energy, infrastructure
President Ferdinand Marcos Jr. on Monday welcomed officials of Mitsubishi Corporation to discuss possible additional investments of the Japanese firm into the country.
PCO
President Ferdinand Marcos Jr. said top officials of Mitsubishi Corporation (MC) have promised to pour in investments in various industries.
“I met with Mr. Katsuya Nakanishi, president and CEO of MC, to advance investments that will create more jobs, help complete faster and more reliable subway and railway systems, and expand clean wind energy in the provinces. These efforts will also strengthen digital services that make everyday transactions easier for Filipinos as we continue building a Bagong Pilipinas,” the President wrote on his official Facebook page.
Investments pledged
“In the meeting, Mitsubishi reiterated its confidence in the country’s healthy economy and that it will be investing particularly in energy, infrastructure, manufacturing, financial technology, and industry in the country,” Presidential press officer Claire Castro said in a Palace press briefing.
MC is Japan’s largest general trading and investment company, separate and distinct from Mitsubishi Motors Corporation, and operates across diverse industries, namely environmental energy, materials solutions, mineral resources, urban development and infrastructure, mobility, food industry, smart-life creation, and power solutions. Established in 1954, MC operates in over 120 countries.
Courtesy call
Also present during the courtesy call were Acting Executive Secretary Ralph Recto, Department of Trade and Industry Secretary Ma. Cristina Roque, Presidential Management Staff Secretary Elaine Masukat, and Presidential Communications Office Acting Secretary Dave M. Gomez.
Meanwhile, joining Nakanishi during the courtesy call were Kiyotaka Kikuchi, MC executive vice president and chief revenue officer, and Asia and Oceana general manager-Singapore Branch; Shota Kondo, MC executive vice president; and Harutaka Ishikawa, MC Manila Branch general manager; as well as Ayala Corporation chairman Jaime Augusto Zobel de Ayala and president and CEO Cezar Consing.