President Ferdinand R. Marcos Jr. met with Mitsubishi Corporation (MC) President and CEO Katsuya Nakanishi at Malacañan Palace on Monday to solidify a strategic partnership aimed at accelerating national infrastructure and boosting job creation.
The high-level meeting focused on three critical pillars of the administration’s “Bagong Pilipinas” (New Philippines) vision: high-speed transportation, renewable energy expansion, and the modernization of digital financial services.
President Marcos Jr. emphasized that the collaboration with the Japanese conglomerate is vital for delivering tangible improvements to the lives of Filipinos. “I met with Mr. Katsuya Nakanishi… to advance investments that will create more jobs, help complete faster and more reliable subway and railway systems, and expand clean wind energy in the provinces,” the President stated.
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Infrastructure: Expediting the development of subway and railway systems to provide world-class, reliable mass transit.
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Renewable Energy: Scaling up clean wind energy projects across various provinces to ensure a sustainable and greener energy grid.
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Digital Transformation: Strengthening digital services and financial technology (FinTech) to streamline everyday transactions for the public.
During a Palace press briefing, Presidential Communications Office Undersecretary and Press Officer Claire Castro noted that Mitsubishi expressed continued confidence in the Philippine economy’s resilience and growth potential.
The discussions covered a broad spectrum of sectors, including manufacturing, infrastructure, energy, and financial technology. Castro highlighted that Mitsubishi’s commitment is a testament to the country’s favorable investment climate.
“For the President, these steps by foreign investors to continue doing business in the country only prove the uninterrupted trust of large companies to invest in the Philippines,” Castro added.
