Philippine economic managers are scheduled to visit Japan this week to discuss possible partnership prospects in infrastructure projects, as well as the planned issuance of the Samurai bonds.
In an emailed statement on Sunday, the Department of Finance (DOF) said the economic team will be in Tokyo from June 18 to 21 for the Philippine Economic Briefing (PEB) and the fifth regular meeting of the Philippines-Japan High-Level Committee on Infrastructure and Economic Cooperation.
"[T]he PEB, which will lay out the Duterte administration's plan to sustain the Philippines' status as one of the fastest-expanding economies in Asia and its programs for inclusive growth, will also 'set the groundwork' for the deal roadshow that the government will roll out for its planned yen-denominated Samurai bonds issue," the department said.
This year alone, the Philippines plans to roll out over 70 big-ticket projects cumulatively valued at $35.5 billion or P1.1 trillion.
Among those expected to join the Philippine delegation are Executive Secretary Salvador Medialdea and Secretaries Ernesta Pernia (National Economic and Development Authority), Benjamin Diokno (Budget and Management), Arthur Tugade (Transportation), and Mark Villar (Public Works and Highways).
Also set to join them are Bangko Sentral ng Pilipinas Governor Nestor Espenilla, Jr., and Bases Conversion and Development Authority (BCDA) president and CEO Vivencio Dizon.
The Philippine team will be led by Finance Secretary Carlos Dominguez III, who will also meet with officials from Japanese banks to discuss the floatation of the Samurai bonds in the second half of the year.
The country earlier tapped five Japanese banks for the planned issuance — Mizuho Bank Ltd., the Daiwa Securities Group, Nomura Holdings Inc., Sumitomo Mitsui Banking Corp., SMBC Nikko Securities Inc., and MUFG Bank Ltd. — Jon Viktor D. Cabuenas/BM, GMA News