Japan to invest more in agri, PPP in Mindanao PDF Print E-mail
Sunday, 05 August 2012 15:04

BUTUAN CITY — Japanese investors will pour in more investments in the country, especially in Mindanao, in support of the Philippine government’s public-private-partnership (PPP) program.

This was learned during the second day of the 21st Mindanao Business Conference held at the Almont Hotel’s Inland Resort here.

The said business conference ran from August 2 to 4, 2012, with invited business leaders from the Philippines and other countries.

“We found Mindanao rich in agriculture, in terms of banana and asparagus production and many others, and we want these exported to Japan,” according to Ochiai Naoyuki, member of the Embassy of Japan International Monitoring Team and first secretary/senior advisor for reconstruction and development of Mindanao.

Naoyuki said they are conducting a study in Mindanao considering the issue on power shortage. He also welcomed the opportunity to help the government by putting up investments for existing hydropower plants in the Philippines.

Naoyuki also explained that Japan, as a policy direction, aims to provide assistance to other countries in order to help them uplift their economic stability.

“We usually provide assistance in terms of infrastructure under our community development projects like irrigation, farm-to-market roads, and many more,” Naoyuki said.

The Japanese government is also giving out information to other partner countries about the Philippines and its rich resources, and also encouraged business sectors to open investments in the Philippines.