BOI Promotes Philippines as Advanced Manufacturing Hub to Japanese Investors

What's Happening?

The Board of Investments (BOI) of the Philippines has actively engaged with over 300 Japanese investors in a webinar organized by Mitsubishi UFJ Financial Group (MUFG) Bank. The BOI is positioning the Philippines as a 'trusted hub for advanced manufacturing and services,' highlighting sectors such as semiconductors, electronics, renewable energy, green metals, and aerospace as key areas for investment. Lanie Dormiendo, director of BOI International Investments Promotion Service, emphasized the successful operations of Japanese companies like Toyota Motors, Denso, Epson, and Uniqlo in the Philippines. The webinar is part of a broader strategy to attract Japanese investments, supported by policy reforms under the Marcos administration, including the CREATE MORE Act and the removal of equity restrictions on renewable energy projects.

Why It's Important?

This initiative underscores the Philippines' strategic efforts to attract foreign direct investment, particularly from Japan, which is a significant economic partner. By promoting itself as a hub for advanced manufacturing, the Philippines aims to boost its economic growth, create jobs, and enhance its technological capabilities. The focus on sectors like renewable energy and electronics aligns with global trends towards sustainability and digitalization. Japanese investments, which amounted to $124.74 million in the first half of 2025, are crucial for the Philippines' economic development, providing capital, technology transfer, and market access.

What's Next?

The BOI's efforts are set to continue with a planned business mission to Japan in November, aiming to solidify and expand investment commitments. The ongoing collaboration between MUFG Bank, Security Bank Corporation, and the BOI will likely facilitate more strategic investments. The Philippines' policy reforms and infrastructure development initiatives are expected to further attract Japanese companies, potentially leading to increased economic integration and bilateral trade between the two nations.