NEWSFLASH

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JAPANESE INVESTORS TO FLOCK TO LEYTE SOON

Tacloban City, Nov. 13, 1997 - Japanese Ambassador to the Philippines Hirayuki Yushita predicts that Leyte could be a future investment destination for Japanese businessmen.

The ambassador made the assessment after an exhaustive tour of the various projects funded by the Japanese government in Eastern Visayas. He was accompanied by three officials of the JICA, the Japanese government's international assistance agency. Also with him were First Secretary Seeichi Hirokawa, Hiroshi Goto and Hisaksu Okuda.

In a meeting with Leyte Governor Remedios Petilla, Ambassador Yushita said his government is confident that the Eastern Visayas region is one of the most promising areas of investment in the country on account of the abundance of resources and manpower.

Governor Petilla presented to the Japanese Group several projects of the province, including day care centers and the Amihan-Cebu Woodlands Township Project.

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