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Investment Promotion Seminar in Gifu Prefecture

PTIC Osaka Commercial CounsellorThe participants of the Philippine Economic Seminar held in Gifu City.
Philippine Trade and Investment Center (PTIC) - Osaka Commercial Counsellor Buster Elevado speaks during the Philippine Economic Seminar held in Gifu City.

Last July 12, Buster Elevado, Commercial Counsellor of the Philippine Trade and Investment Center (PTIC) - Osaka was one of the speakers of a seminar entitled, "Philippine Economic Seminar: Attractive Business Climate as Manufacturing Base and Market" held at the OKB Fureai Center in Gifu City. It was organized by the Gifu Economic and Industrial Center (GEIPC), Gifu Industries Association (GIA) and PTIC Osaka supported by the Gifu-based regional bank, Ogaki Kyoritsu Bank, the Tokio Marine and Nichido Fire Insurance Co. and the Mitsui Insurance Co.

As it borders Aichi Prefecture where Japan's major automotive manufacturers are located, Gifu Prefecture is the home of many small and medium enterprise (SME) parts suppliers of these manufacturers. Many of these companies are in metalworking and mold and die manufacturing.

There were 40 participants coming mostly from Gifu SMEs. Mr. Elevado spoke about the economic policies under President Duterte, "Build, Build, Build". Other speakers include, Mr. Ichiro Tsuji a tax accountant based on the Philippines on doing business in the Philippines and Mr. Satoshi Nagai, Managing Director of NBC Co, a Gifu-based company, which manufactures automotive electronics. This company recently set up NBC (Philippines) Car Technology Corporation that manufactures automotive wiring harnesses in Batangas.

Later, officials of the GEIPC and the GIA said they will organize a business mission to the Philippines.

Tokyo Weld in talks with Fastech to put up factory in PH

tokyo weld

Officials of Tokyo Weld, Japanese manufacturer of equipment  for manufacturing electronic parts discuss with Mr.   Allan Timonera, President of Fastech Advanced Assembly, Philippine semiconductor manufacturer their plans to set up a factory in the Philippines during the recently concluded Philippine Semiconductor and Electronic Conference and Exhibition last month at the World Trade Center in Pasay City.

Nagoya delegation explores investment opportunities in PH

nagoya delegation

Nagoya Chamber of Commerce and Industry (NCCI) Vice Chairman, Mr. Hiroyasu Naito (right) recently (04 July 2017) paid a courtesy call to Trade Undersecretary for Industry Development and Board of Investments Managing Head Ceferino S. Rodolfo. Mr. Naito who is also the President of Rinnai Corporation led a 13-member delegation to the Philippines to explore business opportunities primarily in the manufacturing industries namely automotive, heating devices, iron and steel and electrical equipment.

Undersecretary Rodolfo (left) commended NCCI for bringing in investment missions to the Philippines and providing promotional opportunities for outbound missions and exhibitions saying such gesture “further supports the agency’s Industry Road-mapping initiatives specifically in areas such as manufacturing, automotive, micro, small, and medium enterprises (SMEs), services, and human resource development”. In Japan, NCCI plays an active role in sponsoring investment seminars, consultation and guidance services to SMEs, who have business interests or expansion plans overseas.

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