The Department of Trade and Industry (DTI) welcomed a letter from the head office of Daikin Industries, Ltd. — a Japanese air conditioning manufacturer present in the Philippines (PH) since 2009 – clarifying their position to strengthen and expand their business operations in the country.
Trade and Industry Secretary Ramon Lopez expressed optimism over Daikin Industries’ intention and added they look forward to its expansion projects.
“We welcome investors who wish to join the country’s growth story, and contribute in our mission to provide jobs to Filipinos and share the prosperity to all,” shared Lopez.
Daikin’s Industries’ Senior Executive Officer Yoshihiro Mineno had conveyed to DTI the company’s official position through a letter, stating, “We really regret to see the article of Inquirer Business on 3rd March. And we apologize and feel very sorry for causing misunderstanding in the press conference conducted by our subordinate sales company.”
“We do not have any complaint about investment climate in the Philippines nor do not have any intention to criticize the policy of the government. Our real intension is to do our best to expand our business in the Philippines,” Mineno said.
The letter aimed to clarify the statement and comment of Daikin Airconditioning Philippines Inc. in a press conference on the investment climate in the country.
DTI has been consistent in its programs and projects to attract investments and revitalize PH’s manufacturing sector. This has been evident as manufacturing sector has gone up by 8.6% and its investments surged by 244% in 2017.
“The Philippines is a very important market for Daikin and has a big room for further expansion. [We] will continue and strengthen our action to expand business in the Philippines,” Mineno’s letter concluded