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PIA Press Release

New Japanese Chamber of Commerce in Mindanao hailed

by RG Alama

Davao City (3 April) -- "An important milestone in the economic development in Mindanao." These were the words of businessman Sumihiro Nakao during the inauguration of the Japanese Chamber of Commerce in Mindanao (JCCM).

Nakao is the President of the new Chamber, which was formally inaugurated in a formal ceremony last March 31 at the Davao Trade and Convention Center.

More than 200 participants led by Davao City First District Representative and House Majority Floor Leader Hon. Prospero Nograles along with top government and business officials attended the historic event.

Prior to the inauguration a special assembly was called for the selection of the JCCM officers which saw Mr. Nakao being elected as Chamber President. During the inauguration the Chamber's historic newly-elected first officials were inducted in which a cocktail reception also followed at the nearby Zakoya restaurant.

Nakao, said that the much improved political and peace and order situation in Mindanao as well as the many positive developments between Japan and Mindanao relations prompted them to push through with the long-delayed establishment of a Japanese Chamber of Commerce here in Mindanao.

"We believe now is the best time to form the Chamber so that we can cooperate with other business groups to make Mindanao more competitive and make the island an attractive investment destination for Japanese as well as other foreign investors," Nakao said.

According to JCCM treasurer Noriyuki Katayama, all the JCCM members are hopeful that the chamber will achieve its goals for Mindanao and its people and that the inauguration will have a great impact not just on business but in all other aspects of Japan-Mindanao relations. (PIA XI) [top]

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