Japan to study possible subway system for PHL - PNoy

 

President Benigno Aquino III said that Japan has promised to conduct studies on the feasibility of a subway system in Metro Manila.

 

"Nangako ang Japan na gumawa ng mas detalyadong pag-aaral para tukuyin kung posible ang isang subway system para sa Kalakhang Maynila," Aquino said upon returning from his one-day working visit in Japan.

 

During their meeting in Tokyo on Tuesday, the President said he also thanked Japanese Prime Minister Shinzo Abe for the study already being conducted by the Japan International Cooperation Agency on improving the Philippines' existing transport system.

 

"Naniniwala po tayo na ang matibay na imprastruktura ay sandigan ng mas malakas na ekonomiya," he said.

 

Aquino quoted Abe as saying that some Japanese companies, specifically those in the automotive industry, have expressed interest in establishing manufacturing operations in the Philippines.

 

"Sa patuloy nga na pag-arangkada ng ating ekonomiya, hindi nga po maikakailang lalong lumalakas ang kumpiyansa ng mga mamumuhunan sa atin," he said.

 

He said the Japanese minister also supports the passage of a measure which will allow more foreign participation in the country's banking industry.

 

"Ang konteksto po nito: mas sanay makipag-ugnayan ang mga kumpanyang Hapon sa mga bangko na galing sa kanilang bansa. Sa batas na ito, lalo pang magiging mas mabilis at epektibo ang pagpasok ng puhunan mula po sa kanila patungo sa ating bansa," he said. — TJD, GMA News