New 100kW Threshold Expands Energy Choice For More Filipino Businesses

COREnergy and the ERC highlighted how expanded electricity supplier choices can help businesses evaluate their energy purchasing options.

Home Credit Builds Futures Beyond Classrooms, Transforming Lives And Strengthening Community Resilience In Typhoon-Hit Catanduanes

Together with All Hands & Hearts and Happy Hearts Czech, Home Credit contributed to building futures beyond classrooms by strengthening education, resilience, and opportunities for underserved communities.

The New Luxury: Latin American Designers Take The Paris Runway

FashionXGlobal brought emerging designers from Mexico, Colombia, Peru, and Brazil to Paris, presenting Latin American craftsmanship, distinctive textures, and creative techniques on the runway.

Beyond The Runway: What Milan Fashion Week Is Really Like For Those Inside It

Milan Fashion Week revealed a different side of the fashion industry as designers, stylists, and guests shared their experiences with PAGEONE Media’s Fashion Correspondent Arne Gogo.

Philippines, Japan Firms Forge PHP210 Billion Deal For Tourism, Industrial Infra

The development highlights the role of international partnerships in accelerating national growth and modernization initiatives.

Philippines, Japan Firms Forge PHP210 Billion Deal For Tourism, Industrial Infra

757
757

How do you feel about this story?

Express Your Reaction
Like
Love
Haha
Wow
Sad
Angry

The Department of Tourism (DOT) and the Department of Trade and Industry (DTI) have broken traditional promotion molds to secure critical infrastructure commitments from Japan’s top business leaders.

In a news release on Monday, the DOT said Tourism Secretary Dita Angara-Mathay conceptualized an initiative that bridges the gap between tourism promotion and heavy economic development.

The high-level roundtable, held during the State Visit of President Ferdinand R. Marcos Jr. to Japan, resulted in PHP209.8 billion (approximately USD3.4 billion) in combined direct investments, pipeline opportunities and financial credit pledged by Japanese conglomerates to fortify the country’s economic and tourism ecosystem.

“Tourism today is closely interconnected with aviation, mobility, digital infrastructure, healthcare, energy reliability, and broader investment readiness,” Angara-Mathay said.

“Our objective is to strengthen the ecosystem that supports tourism growth while creating wider opportunities for regional development, connectivity, investments, and economic participation,” she added.

Japanese executives welcomed the integrated approach, noting that a country’s ultimate tourism competitiveness no longer relies on scenic spots alone but increasingly depends on broader systems like healthcare capacity, digital access and urban resilience.

About PHP109 billion (USD1.77 billion) of the multibillion commitment will go to DTI industrial priorities, including manufacturing, electronics, automotive, maritime industries, logistics and mobility systems.

Meanwhile, the PHP100.8 billion (USD1.64 billion) for DOT infrastructure priorities will fund the tourism-enabling infrastructure, destination-oriented digital connectivity, medical and wellness tourism, destination retail and transport support systems.

Japan’s leading sectors also made actionable commitments that would upgrade the Philippines’ capabilities. (PNA)