The Philippine Embassy Holds an Online Financial Literacy Seminar on Retail Treasury Bonds to Start-Off Celebrations for Women’s Month
The Philippine Embassy in Tokyo, in coordination with the Bureau of Treasury (BTR), hosted an online financial literacy seminar. The seminar, conducted with National Treasurer Rosalia V. De Leon, introduced the recent retail treasury bond offering by BTR. With the theme “Kasama mo sa Kinabukasan”, the issuance marks the 25th tranche of RTBs (RTB 25) which will run from 09 February to 04 March 2021. RTB25 is a 3-year RTB with an interest rate of 2.375% per annum.
In his remarks, Ambassador Jose C. Laurel V stated that this program is being offered by the Philippine Embassy as a start to the celebrations for Women’s Month this coming March. The RTB25 will also be available for investment up to 4 March 2021. The Ambassador wore a pin for the “He-For-She” campaign of the UN Women Liaison Office. It is for an inclusive approach with the men as partners for women’s rights. Both Ambassador Laurel and Treasurer De Leon also wore the color purple in support of this event. The theme of Women’s Month is “We Make Change Work for Women.”
BTR encouraged the Filipinos in Japan to invest in the safe and secure BTR25. Their investments will not only lead to growth in their personal savings. These investments will also help the Philippines’ in its COVID-19 recovery efforts as well as contribute to the development of the country. The RTBs has been a way for Filipinos to have an active part in the Philippines’ economic resurgence.
More ways to invest online were unveiled by BTR to make the RTBs as accessible as possible to Filipinos both locally and abroad. Filipino investors in Japan continue to be one of the biggest investors for the retail treasury bonds of BTR.
This event was made available via the Zoom platform and Facebook Live. Representatives from Nagoya PCG and Osaka PCG also participated in the online event.
Philippines is 7th Most Promising Country over the Mid-Term for Japanese Companies
February 16, 2021 — The Philippines ranked 7th in terms of being a promising prospect for business operations over the mid-term (next 3 years) in a survey conducted by the Japan Bank for International Cooperation (JBIC) among Japanese companies in 2020. According to the survey, “the actual amount of foreign direct investment has been steadily increasing, and there is high evaluation of qualified human resources.”
Japanese companies also chose the Philippines as “good for risk diversification to other countries.”
The Top 10 Countries in the JBIC Survey for 2020 were: China, India, Vietnam, Thailand, US, Indonesia, Philippines, Malaysia, Mexico and Myanmar. According to JBIC, 530 Japanese companies participated in the survey.
The survey report also described the Philippines, along with Myanmar and Malaysia, as “persistently popular” among Japanese manufacturers.
In terms of major industries for overseas business in the mid-term, the Philippines was placed at Top 5 for electrical equipment and electronics, Top 8 for automobiles, and Top 8 for general machinery.
The Philippines was also Top 7 over-all in 2019.
Ambassador Jose C. Laurel V welcomed this positive news and remarked that “this affirms the strong economic fundamentals of the Philippines as recognized by several international credit rating agencies. We expect the economy to rebound in 2021 and the Philippines remains a conducive place to do business.”
“We must cooperate more than ever,” Ambassador Laurel tells Japanese business, media executives
10 February 2021- At the on-line session facilitated by ASEAN-Japan Centre held yesterday, Ambassador Jose C. Laurel V interacted with more than 100 Japanese business and media executives who were eager to hear about developments on Philippines-Japan relations, investment opportunities in the Philippines, and updates on the Corporate Recovery and Tax Incentives for Enterprises or CREATE Bill, and the Build, Build, Build infrastructure program, as well as on the promotion of agriculture, tourism, and English language training in the Philippines.
For instance, the Ambassador shared that 5% tax cuts and the fiscal incentives that foreign companies will enjoy once the CREATE Bill is signed into law by the President.
The Ambassador updated the participants on the more than 200 infrastructure projects being implemented or already completed under the Build, Build, Build program.
When asked on the state of agriculture during the pandemic, the Ambassador discussed the “Plant, Plant, Plant” program of the Philippines, in which the government allocated Php 31 billion (JPY 65 billion) focusing on the food security and resilience of the country and the welfare of the farmers. The Ambassador was happy to report on the growth of the agricultural sector for the 2nd and 3rd quarters of last year due to the unrestricted mobility of the farmers and fishers despite the lockdown.
On English language training, the Ambassador noted that the Philippines is the third largest English-speaking country in Asia and that it is only one of the few countries offering one-on-one English language education.
“As the Philippines continues to rise as one of Asia’s fastest growing economies, it shall continue to be a reliable partner of Japan particularly where the Philippines has its competitive advantages, which are in cost competitiveness; high-quality and educated human resource; and attractive investment incentives. These advantages are key points that will keep the Philippines in the position of an important bilateral relationship with Japan, particularly in the economic sphere of relations,” Ambassador Laurel remarked.
Noting the challenges of the current situation the world is in, “we must cooperate more than ever,” Ambassador Laurel concluded.
Honda Motor Co., Ltd. Maintains Its Long-established Relationship with the Philippines
Ambassador Jose C. Laurel V met with officials from Honda Motor Co., Ltd., Assistant Manager Masahide Hirose and Ms. Karen Okamoto, on 16 December 2020.
The Philippines and Honda Motor Co., Ltd. long-standing relationship that dates back in 1973. While Mariwasa-Distributors, Inc. was established in 1964, the joint venture agreement between Honda Motor Co., Ltd and Mariwasa-Distributors, Inc. was signed in May 1973, thereby establishing Mariwasa-Honda, Inc. The company’s name was changed from Mariwasa-Honda to Honda-Philippines, Inc. (HPI) in December 1983.
Assistant Manager Hirose expressed his appreciation for the Philippines’ patronage of its products. HPI maintains at the top of the Philippine motorcycles market, holding over one-third of the market share.
HPI also established a world class training facility in the Philippines, the Honda Safety Driving Center, which effectively combines highly-organized instructions for both automobile and motorcycle.
In pursuit of vehicle manufacturer’s obligation in effectively promoting road safety, the Center focuses on contributing to the Philippine society by creating a new generation of responsible road users through its offering of progressive road safety education programs to all.