A Japanese wellness company will invest PHP4-billion to build 10 retirement facilities in various parts of the Philippines.
The initial facility to be established by Nambu Co. Ltd will be in Lapu-Lapu City in Cebu province, according to the Department of Trade and Industry (DTI) on Friday.
The investment is supported by the CREATE MORE (Corporate Recovery and Tax Incentives for Enterprises – Maximize Opportunities for Reinvigorating the Economy) Act and involves training Filipino caregivers to meet Japanese standards.
CREATE MORE broadens incentives to help boost economic recovery, support enterprises and attract foreign investment.
Details of the investment plan were discussed during a meeting between Philippine officials and members of the wellness company in Osaka, Japan on Thursday, the DTI said in a press release on Friday.
“This initiative aims to leverage the country’s skilled workforce to meet Japan’s labor needs while simultaneously boosting local employment,” it said.
Trade Secretary Cristina Roque said the investment supports the government’s bid to increase high-value industries, drive job creation, and strengthen the country’s position as a premier retirement and wellness destination in the region.
“This project is more than an investment — it is a partnership for dignity, wellness, and opportunity for our people. By combining Japanese expertise in eldercare with our natural advantages — warm climate, hospitable culture, and skilled workforce — we can make the Philippines a second home for Japanese and global retirees,” she said. (PNA)