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MANILA, Philippines – Several Japanese companies will expand and invest P60 billion in Philippine Economic Zone Authority (Peza)-managed ecozones.

In a statement on Thursday, Peza said Japanese firms expressed their commitment during its 11-day investment mission earlier this month.

READ: Marcos secures P56.3B in investment pledges from major Japanese firms

PEZA said these planned expansions are expected to create about 10,300 additional jobs.