THE Department of Trade and Industry (DTI) clarified that the P13.5 billion investment commitments obtained by President Benigno Aquino 3rd during his recent state visit to Japan was incremental to previous Japanese investments already in the Philippines.

“The additional 13.5 billion is for expansion that is truly incremental to their previous investments already in the Philippines,” Ponciano Manalo, DTI undersecretary for the Trade and Investment Promotions Group (TIPG), told reporters.

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