$4-Billion Investment to the PI by the Japanese
May 23, 2007After Texas Instruments investing $1-Billion in the Philippines, here comes the Japanese investing $4-Billion into the Philippines
Arroyo: RP economic turnaround, political stability to stay
By Lira Dalangin-Fernandez
INQUIRER.net
Last updated 06:13pm (Mla time) 05/22/2007MANILA, Philippines — Buoyed by the results of the election, President Gloria Macapagal-Arroyo has said that political stability and economic turnaround were here to stay and rallied all political parties to work with her administration.
Eight days after the election, Arroyo left for Japan in her first foreign trip to attend the 13th Nikkei Conference and meet with investors.
Arroyo left at 2:40 p.m. via Philippine Airlines flight PR432 for Narita.
"On this trip to Japan, we will be meeting with business and financial leaders from around the region to again tell the Philippine story and encourage them that the Philippine turnaround is here to stay. That our politics have stabilities and that we are the best value in Asia," she said in a departure statement issued by her spokesman Ignacio Bunye.
"Philippine democracy has been renewed after a vigorous by-election, Now it is time to come together to forge a common path forward together among all parties and all political leaders here at home," she said.
Foreign relations play a vital role in the vision towards a modern Philippines, she said.
"Our trip to Japan is another step in our quest to further cement our ties and bring more investments, economic growth and peace and stability to our nation," she said.
After the billion-dollar investment of Texas Instruments in the country, Arroyo said Tokyo Electric and Marubeni were also making a $4-billion dollar investment, the largest Japanese investment in Philippine history.
