At a forum organized by the Embassy of the Philippines and the International Friendship Exchange Council, Ambassador Jose C. Laurel V spoke before company presidents and C-level executives to update them on developments in the Philippines and to deepen business-to-business cooperation.
“For many years now, the Philippines and Japan have enjoyed robust and stable relations across a broad range of sectors. Japan continues to be a major trading and foreign investment partner as well as the top source of development assistance for the Philippines,” Ambassador Laurel stated.
“‘Make It Happen in the Philippines’ is our investment campaign, emphasizing our ‘make it work’ mindset to assist investors achieve their expansion plans. I invite our Japanese friends to take a closer look at how you can partner with the Philippines,” Ambassador Laurel added.
Commercial Counsellor Maria Bernardita A. Mathay presented on the advantages of investing in the Philippines, noting the country’s highly capable, innovative, committed and cost-competitive talent, and the recent passage of the Corporate Recovery and Tax Incentives for Enterprises or CREATE Act which brings the Philippines’ corporate tax rate closer to its ASEAN peers and enhances the country’s fiscal incentives to help attract more foreign direct investments.