GOOD NEWS! Wow! Japanese businessman Kazuo Okada creates thousands of local jobs in the Philippines!
The billionaire Kazuo Okada just opened recently the $2.4 billion Okada Manila, the newest entrant in Manila’s Entertainment City. The integrated entertainment resort is expected to generate as much as 8,000 jobs once fully operational. Mr. Okada’s other enterprise in the country is the slot machine maker Aruze.
The $35-million Aruze Philippines Manufacturing, Inc. in Sto. Tomas, Batangas, currently employs over 800 workers–99 percent of whom are Filipinos. The plant is a subsidiary of Universal Entertainment Corp. which is also owned by the Japanese billionaire. The slot machine factory moved to the Philippines from Japan in 2009. Okada’s twin investments are contributing significantly in reducing unemployment to as low as 4 percent by 2022.