THE Board of Investments (BOI) on Monday signed an agreement with Sumitomo Mitsui Banking Corp. (SMBC) and Rizal Commercial Banking Corp. to draw more Japanese investors to the Philippines.<\/p>\n
The deal seeks to deepen cooperation in promoting and facilitating investments across priority sectors.<\/p>\n
Signing the agreement were BOI Investments Promotion Services Executive Director Evariste Cagatan, RCBC President and CEO Reginaldo Anthony Cariaso, and SMBC Managing Executive Officer and Head of APAC division Katsufumi Uchida.<\/p>\n
\u201cWe recognize that in Japan\u2019s business environment, relationships and trust are foundational. In the same way, the BOI places strong importance on building long-term, collaborative partnerships. Hence, we see this partnership as a way to better support companies that are exploring or expanding their presence in the Philippines,\u201d Cagatan said.<\/p>\n
In 2025, foreign direct investment (FDI) from Japan totaled $904.15 million, while approved investments amounted to P34.03 billion.<\/p>\n
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By signing up with an email address, I acknowledge that I have read and agree to the Terms of Service<\/a> and Privacy Policy<\/a>.<\/p>\n \u201cThrough our collaboration with BOI and RCBC, SMBC looks forward to jointly promoting activities, such as organizing investment seminars and extending assistance to investors that aim to enhance the Philippines\u2019 competitiveness,\u201d Uchida said.<\/p>\n SMBC \u2014 a top global financial institution and the core banking subsidiary of Sumitomo Mitsui Financial Group (SMFG) \u2014 has a long-standing presence in the Philippines, including being the first to establish a branch in the country following the liberalization of foreign bank entry in 2015.<\/p>\n \u201cThis allows us to reach a broader universe of industries. We are no longer just looking at the export market; we are looking at the domestic engines of growth \u2014 infrastructure, manufacturing, and the emerging services \u2014 that power our daily lives,\u201d Cariaso said.<\/p>\n RCBC \u2014 the country\u2018s fifth largest private universal bank \u2014 has 469 branches nationwide as of March 2025.<\/p>\n","protected":false},"excerpt":{"rendered":"THE Board of Investments (BOI) on Monday signed an agreement with Sumitomo Mitsui Banking Corp. (SMBC) and Rizal…\n","protected":false},"author":2,"featured_media":12786,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[175],"tags":[4259,6805,217,215,10641,2459,214,17,216,10642,10640,2025,89],"class_list":{"0":"post-12785","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-bank","9":"tag-boi","10":"tag-business","11":"tag-business-of-japan","12":"tag-draw","13":"tag-investors","14":"tag-japans-business","15":"tag-japanese","16":"tag-japanese-business","17":"tag-more","18":"tag-rcbc","19":"tag-sumitomo","20":"tag-to"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/posts\/12785","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/comments?post=12785"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/posts\/12785\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/media\/12786"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/media?parent=12785"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/categories?post=12785"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/tags?post=12785"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}