80,000 jobs could be created for Filipinos with Japan investment

·Contributor
·2 min read
Job applicants queue up at a counter for job vacancies offered by different local companies during a jobs fair at a mall in Manila on July 15, 2013. (Photo: JAY DIRECTO/AFP via Getty Images)
Job applicants queue up at a counter for job vacancies offered by different local companies during a jobs fair at a mall in Manila on July 15, 2013. (Photo: JAY DIRECTO/AFP via Getty Images)

A Japanese defense corporation has announced its partnership with a Filipino defense contractor to provide military grade binoculars to the Armed Forces of the Philippines (AFP), the Philippine National Police (PNP), and other defense and security units of the Philippine government – an agreement that could potentially create thousands of jobs for Filipinos.

The Asia Defense and Armament Corporation (ADAC), in partnership with Kenko Tokina Co. Ltd. (Kenko) said on Thursday that it won a contract with the Philippine government which, according to the Department of Trade and Industry (DTI), is composed of seven business agreements and 19 letters of intent (LOI) that has an investment portfolio of P288.804 billion, and could provide employment to 82,737 Filipinos.

Kenko is a Japanese manufacturer of high-quality photographic lenses, accessories and other optics equipment, with a $1.8 billion in total revenues. It is a well-known Original Equipment Manufacturer that has an impressive defense portfolio of “supplying weapons platforms and magazines for consumer and security markets.”

The Japanese company has been operating in the country for the past 20 years in one of its manufacturing facilities in Mactan, Cebu.

The partnership between ADAC and Kenko was inked in May 2019 after ADAC signed a Memorandum of Agreement with Kenko, during President Rodrigo Duterte’s state visit to Japan where the Philippine delegation was able to sign a total of 26 business agreements and LOIs.

ADAC, which primarily manufactures defense and security-related products in the Philippines including defense robotics, unmanned and aerial vehicles, cybersecurity and ammunition equipment, said that the partnership with Kenko also involves plans to build facilities in Bataan in the fourth quarter of 2022, through the Authority of the Freeport Area of Bataan.

ADAC is also looking forward to working with the next administration to further strengthen the country’s self-reliance in the area of defense and warfare, under “Self Reliant Defense Posture.”

Marvin Joseph Ang is a news and creative writer who follows developments in politics, democracy, and popular culture. He advocates for a free press and national democracy. The views expressed are his own.

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