MORE companies from Japan are looking to set up shop in the Philippines as gleaned from the event organized by Security Bank Corp. and MUFG Bank Ltd.
“Our young and growing population is a key factor for Japanese businesses,” Security Bank President and CEO Alfonso Salcedo Jr. said in a news briefing on Wednesday.
“Investors are looking for long-term investments that will allow them to capture some of the country’s demographic dividend.”
Salcedo also said Japanese investors generally see the country’s strong household spending, strong labor force and young working population as drivers for more foreign direct investments.
Firms particularly interested in investing in the Philippines include those from the food and beverage sector, consumer goods sector, consumer electronics and cosmetics sector.