Prelude to buy-in? Metro Pacific, Mitsui commit $600M investments
Prelude to buy-in? Metro Pacific, Mitsui commit $600M investments in PH
MVP MitsuiPresident Bongbong Marcos has secured the commitments of Filipino bilyonaryo Manny V. Pangilinan-led Metro Pacific Investments Corp. and Japanese firm Mitsui & Co. to invest $600 million (P32.7 billion) in the Philippines.
Marcos and his economic team sealed the deals during his working visit to Japan from February 8 to 12.
Malacañang said Metro Pacific signed an agreement with Mitsui, one of the biggest conglomerates in Japan, for joint infrastructure projects. Mitsui also plans to invest in agriculture and renewable energy ventures.
The Palace said that Mitsui is also eyeing investments in digital transformation initiatives in the Philippines and in other “business areas of mutual interest” because it sees “strong leadership” under Marcos’ administration.
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