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SMFG vows to boost local manufacturing
August 16 2025
|Manila Bulletin
Japanese financial services giant Sumitomo Mitsui Financial Group (SMFG) assured the Philippine government that the country’s manufacturing sector will benefit from deeper bilateral relationship as it intends to attract more investors from Japan.
“SMFG conveyed its intent to bring in more Japanese investors, particularly in manufacturing, to expand operations and create more high-quality jobs in the Philippines,” the Department of Finance (DOF) said in a statement released on Friday, Aug. 15.
This comes alongside the Japanese company’s acknowledgement for the DOF’s continued backing.
Two days ago, Finance Secretary Ralph G. Recto met with SMFG officials to discuss how the relationship between the Philippines and Japan could be strengthened. Job creation was among the major discussions during the talk.
هذه القصة من طبعة August 16 2025 من Manila Bulletin.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
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