Marubeni to raise stake in PH energy

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Marubeni Corp., one of the oldest and largest foreign companies in the Philippines, has pledged to increase its investments in the energy sector to help the Marcos administration address the country’s power cost woes. | JMAurelioINQ /PDI

“I think that we will be able to feel the effects of these discussions, of these agreements, very, very soon, very rapidly back home in the Philippines,” Marcos said, adding that his trip was proving to be “very productive.”

“We owe Japan a debt of gratitude for the support that they have given us in those years, even in the 1960s, in the 1970s and all the way up to now, where they have supported our infrastructure development,” he said. Japanese government officials and business leaders were also “very open in our discussions for the plans to help increase the development of our country.”Ramon Ang, president and chief executive officer of San Miguel Corp.

 

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