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2 Japanese food firms eye investing in Davao region

DAVAO CITY (MindaNews/14 March) — Two Japanese food companies have shown interest to venture into a plantation business in the region soon after noting the potential of the area during their investment mission on March 8, an official of the Department of Trade and Industry (DTI) revealed.

Teolulo T. Pasawa, director of DTI-Davao City Field Office, expressed worries however that the companies might have second thoughts after the disaster that hit Japan on Friday caused by a tsunami spawned by an 8.9-magnitude quake.

“But I hope the interest of the two companies will not change even if their country recently experienced a calamity,” he said.

Pasawa, speaking in a press conference at SM City Davao today said that 18 companies participated during the mission.

The calamity in Japan, which left an estimated damage of at least $30 billion, happened after the investment mission with the Philippine Trade and Industry Center.

The mission was participated by the chief executive officers and managing directors of trade, manufacturing and food companies from Japan.

Pasawa said the investment mission was first planned to take place only in Manila but that upon the request of the Philippine trade and industry center in Japan the Japanese firms included the region especially Davao City.

He said the companies visited Nakashin Davao International Inc. in Davao City, Nakayama Technology Corp. in Digos City and CJ Toyota Tsusho in Darong, Davao del Sur.

“It is for them (the Japanese firms) to observe how the existing companies operate in the region,” he added. (MindaNews)

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