DTI engages Japanese firms for expansion in renewable energy, technology

The Department of Trade and Industry (DTI) says that it has approached two Japanese firms to encourage expansion in the Philippines, particularly in sectors prioritized by the government.

In a report by Business World, Acting Trade Secretary Cristina A. Roque met with Marubeni Corporation and MinebeaMitsumi, Inc., inviting the companies to increase their influence in the country’s renewable energy, infrastructure, and technology sectors.

Roque said that the country is opening its doors to promote and support businesses in all sectors. She expressed satisfaction with Marubeni’s increasing investments in the Philippines, highlighting that its growing portfolio signals the country’s strong economic potential and foundation.

Roque rushes Marubeni and other international firms to explore opportunities in the Philippine economy, emphasizing their role in shaping its future.

The DTI highlighted the importance of balancing economic growth with environmental sustainability, particularly in climate resilience. DTI’s Tokyo commercial advisor, Dita Angara-Mathay, pointed to the Philippines’ position as the second-largest nickel ore producer in 2023, stressing its potential in electric vehicle battery production.

The country is also actively seeking Japanese investments that could facilitate the transfer of advanced battery technology, which is key to driving its sustainability goals.