By Philippine News Agency
Another investment commitment to President Ferdinand R. Marcos Jr. during his official foreign trip was realized after Japanese furniture and home accessories retail company Nitori Co., Ltd opened its first store in the country on Thursday.
Department of Trade and Industry (DTI) Secretary Alfredo Pascual led Nitori’s grand opening at Mitsukoshi in Bonifacio Global City, Taguig City.
In a statement, the DTI said the Japanese retail giant’s expansion in the Philippines marks “a significant DTI investment promotion achievement.”
Nitori is one of the companies that submitted a letter of intent (LOI) to President Marcos during his official visit to Japan in December 2023.
Before the affirmation of its investment plans in the Philippines through the LOI submitted to the Chief Executive, the DTI attached agency board of Investments (BOI) and the Philippine Trade and Investment Center-Tokyo (PTIC-Tokyo) have been engaging with Nitori in 2015 as a VIP Buyer at the Manila FAME trade exhibition.
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