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September 27th, 2011
AT LEAST THREE Japanese companies plan to keep expanding in the Philippines, Malacañang yesterday announced, as President Benigno S. C. Aquino III and his economic managers pitched for fresh investments and tie-ups under the Private-Public Partnership (PPP) program.
The pledges were made in meetings between Mr. Aquino and Japanese executives, according to a Palace transcript of a briefing made by Sec. Herminio B. Coloma, Jr. of the Presidential Communications and Operations Office.
Murata Manufacturing Co. Ltd., a manufacturing firm specializing in nanotechnology and currently employing 2,400 employees in the Philippines, will establish its first power chip capacitor plant in Laguna's First Philippine Industrial Park, Mr. Coloma said in Tokyo.
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