Koshidaka Holdings Co., Ltd., operator of the world’s largest karaoke chain, is said to invest PHP34 billion to open 300 outlets over the next decade across the Philippines.
The investment was announced was made during the Philippine Economic Briefing (PEB) in Osaka, Japan last Friday, September 12.
Trade and Industry Secretary Cristina A. Roque said the planned investments is expected to generate more than 1,500 direct jobs, aside from creating thousands in construction jobs and supply-chain activities.
The Karaoke investment is part of the total PHP51 billion worth of nee Japanese investments and project expansions from three Japanese conglomerates in consumer services, property development, advanced industries, and clean energy, along with a new investor in the leisure and entertainment sector.
Another big investor is Marubeni Corporation, which committed PHP15 billion for real estate, fintech, healthcare, and afforestation projects. Sojitz Corporation also confirmed a PHP2–PHP3 billion investment in a property developer to attract AI, semiconductor design, software, and healthcare firms, as well as expressing interest in aviation-related projects.
Mitsui & Co. also reaffirmed its partnership with Metro Pacific Investments Corp. and Steel Asia on a steel recycling initiative that supports circular economy and decarbonization goals. Roque said the investment commitments were finalized through a series of high-level meetings in Tokyo organized by DTI’s team in Japan under Special Trade Representative Dita Angara-Mathay.
She added that the discussions enabled the country’s economic managers — led by Finance Secretary Ralph Recto and joined by NEDA Secretary Arsenio Balisacan, DOE Secretary Sharon Garin, and BSP Deputy Governor Zeno Abenoja — to jointly review the projects, align government support, and ensure an enabling environment for smooth rollout and expansion.
“These commitments in green energy, smart housing, healthcare, and creative services highlight the strength of our partnership with Japan. DTI and the Economic Team will work together to ensure these projects generate quality jobs, strengthen supply chains, and advance the country’s shift to a green, digital, and broad-based economy,” Roque said.
“These investments are a testament to President Ferdinand R. Marcos Jr.’s vision for an agile, innovation-driven economy that welcomes partnerships and delivers inclusive growth,” Roque added. Special Trade Representative Angara-Mathay emphasized that the presence of the full Philippine delegation sent a powerful signal to investors.
“Their collective participation assured investors of high-level government commitment and seamless coordination — giving confidence that these projects will be fast-tracked from commitment to execution,” she said.
