CABINET MEMBERS in charge of the economy and infrastructure met with Japanese officials yesterday evening for the second Philippines-Japan Joint Committee on Infrastructure Development and Economic Cooperation, to prepare Japan-funded infrastructure projects ahead of Prime Minister Shinzo Abe’s visit in November for signing ceremonies.
THE GOVERNMENT is keen to obtain financing for the South Line of the North-South Railway Project through official development assistance (ODA) from China after yesterday marking the stations for the North Line of the project, which will be funded by Japan.
YOKOHAMA, Japan — Finance ministers and central bank governors of Association of Southeast Asian Nations (ASEAN) members and their China, Japan and Korean peers meeting here on the sidelines of the 50th anniversary of the Asian Development Bank’s Board of Governors agreed on Friday to help each other enhance resilience to financial shocks and to promote trade and investments.
THE GOVERNMENT is looking to sign an agreement with Japan by November for the planned P227 billion Mega Manila Subway project seen completed by 2024, two years after the current government’s term ends.
All male high school choir Boscorale of Don Bosco Technical Institute in Makati bagged the gold medal as the Youth Choir Equal Voices Grand Prize Winner at the 10th Fukushima Vocal Ensemble Competition held in Fukushima, Japan. The DBTI Boscorale The Fukushima Vocal Ensemble Competition is the biggest choral competition in Japan for small vocal ensemble groups or those composed of two to 16 members in which more than 120 top level choirs all over Japan are yearly invited. The choral competition welcomed entries from international groups, allowing the Philippine contingent from the Boscorale to join. The Philippine contingent Boscorale went to Japan and reached the Grand Prix Finals, eventually winning the gold. The post Filipino choir Boscorale wins gold in Japan appeared first on Good News Pilipinas. Related posts: Cebuano choir is Grand Prix Champ at Int’l Choral Competition Pinoy choir ALERON bags Grand Prize in South Korea Filipino choir groups triumph in Vietnam choral competition All- male Filipino chorale triumphs in Japan chamber contest
THE government will be sending a Cabinet-level delegation to Japan on March 27-28 to discuss potential partnerships for big-ticket projects in the Philippines, according to the Department of Finance (DoF).
JAPANESE businesses have expressed interest in investing as much as P198.5 billion in the Philippines, according to the Department of Trade and Industry (DTI).
For many years now, the Government of Japan has been one of the largest providers of bilateral assistance to the Philippines. The Philippines undertakes several projects funded by Official Development Assistance (ODA) loans or grant aid from the Japan International Cooperation Agency (JICA). To preserve the JICA fund strictly for the execution of appropriate projects, the Governments of Japan and the Philippines have agreed, under an Exchange of Notes, on a tax assumption scheme, whereby the Philippine Government will assume all fiscal levies and taxes due from Japanese companies operating as suppliers, contractors and/or consultants, and from Japanese employees in the Philippines, in relation to the implementation of such projects.
Japan’s Sogo Sosha group is investing Php198.5 billion in the Philippines’ railway and transportation, energy, water management, and security sectors. The projects include mass transportation development for Light Rail Transit (LRT) Line 1 South extension, LRT Line 2 East extension, North-South Commuter Railway Project, and possible development of transit systems in Davao, Cebu and Clark. The Japanese investment will also look into Philippine Coast Guard multi-role response vessels and a coal power plant. The Department of Trade and Industry (DTI) discussed the trade partnership with Japan during a meeting between Trade Secretary Ramon Lopez and Sogo Sosha executives at the 35th annual Japan-Philippines Economic Cooperation Committee and Philippines-Japan Economic Cooperation Committee meeting, according to a Philippine Star report. The Sogo Sosha group of Japan’s major trading houses include: Mitsubishi Motors, Toyota Tsusho and Sojitz Corp., Marubeni Corp., Mitsui & Co. Ltd., Sumitomo Corp., and Itochu Corp. “Japanese investor remains confident of business prospects in the Philippines. We urge Japanese investors to take the chance to invest in the Philippines as it experiences its momentous economic takeoff in the region,” Lopez said. DTI also identified other Japanese investments from Tsuneishi Shipbuilding Co. Ltd. and an expansion project of Ichijo Co. Ltd., worth Php25 billion. Tsuneishi is investing in an international ship recycling facility fitted with state of the art green technologies, a 120-hectare ship reuse center in Negros Occidental,and a biomass fuel project in Mindanao. The DTI expects the investments coming into the country until 2018. The post Japan’s Sogo Sosha Read More …
THE Environment department’s decision to shutter and suspend more than three-fifths of the country’s 41 metal mines, which account for half of the country’s nickel supply, is rattling nickel buyers, especially in China and Japan, an industry official said.