Marubeni vows to invest in more Phl energy projects

President Marcos has thanked Japanese firm Marubeni Corp.for trusting the Philippines and has expressed hope that the company would continue to pursue collaborations that would spur development.

- ALEXIS ROMERO

Marubeni president and chief executive officer (CEO) Masumi Kakinoki paid a courtesy call on Marcos last Tuesday at Malacañang, seven months after their meeting in Tokyo, which saw the company committing to increase renewable energy projects in the Philippines.

Marcos cited Marubeni's role in the Philippines' development agenda, noting that the Japanese firm has been in the Philippines for over a hundred years. Kakinoki's arrival in the country, the President added, is "like visiting relatives, visiting family." "We made some progress from February, the last time that we met where some of the issues were raised," Marcos said during the courtesy call.