Closer ties with Japan yields 1 trillion yen for PH
It pays well to be on the good side of the prime minister.
Finance Secretary Carlos Dominguez III had nothing but gratitude and goodwill to offer Japan as the two nations grow closer than ever. In fact, Manila and Tokyo have come together as bosom buddies, so much that Prime Minister Shinzo Abe has committed a total of 1 trillion yen in investment and development aid for the Philippines.
That translates to at least P450 billion which will support infrastructure projects promised by the Duterte administration. This includes funding for the Metro Manila subway plan.
“We are impressed with the commitment to excellence that imbues your corporate culture. We hope to benefit from the transfers of technology that invariably tracks investment flows,” Dominguez said as he talked sweetly to Japanese investors during the Philippine government roadshow in at the Conrad Hotel in Tokyo.
“We look forward to an even stronger partnership with the Japanese people.”
What a supportive ally!