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Apr 6, 2016 @ 7:52

Japan now prefers PH after Bank of Tokyo’s investment


The Philippines is now considered among Japan’s favored investment destinations in Asia after the Bank of Tokyo Mitsubishi UFJ Ltd. infused P36.9 billion into Security Bank Corp., Trade Secretary Adrian Cristobal Jr. said Tuesday.

The Bank of Tokyo, Japan’s largest financial institution, finally completed its 20-percent investment in Security Bank on Friday. The amount was the biggest investment so far by a foreign company in the country’s financial institution,

“The completion of the deal emphasizes how the Philippines is now among Japan’s most favored investment destinations in Southeast Asia,” Cristobal said in a statement.

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