During President Rodrigo Duterte’s visit to Tokyo, Japan, he was able to secure investments worth $1.85 billion from Japanese companies including Toyota Motor Corp. and Mitsubishi Motors which have both pledged to build subcompact cars here in the Philippines.
Trade Secretary Ramon Lopez mentions that the two auto giants’ decision to build Vios and Mirage models should boost Manila’s efforts to revive its automotive undustry, as reported by ABS-CBN.
Other than that, there are 12 total investment aggreements that were signed during Duterte’s visit and agriculture and renewable energy were some of these. Lopez said that they expect these to generate about 250,000 jobs for the Filipinos.
“That will mean more business activities [and] more jobs,” Lopez said.
{Source}
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Miss Call says:
Finally, less traffic more cars.
Alex says:
MISS CALL ~ LOL
….I like your sense of humor!
????
wew says:
I don’t get it. Toyota Vios is currently being made in toyota’s Sta. Rosa Plant. Even the Innova and Avanza.
Alex says:
5 stars and 2 thumbs up DU30!!!