Japanese firm to build P4-B retirement hubs in Phl

Japanese wellness company Nambu Co. Ltd is set to invest P4 billion to build 10 retirement facilities across the Philippines, with the first project to rise in Lapu-Lapu City, Cebu, the Department of Trade and Industry (DTI) announced Friday.

The investment, backed by the CREATE MORE (Corporate Recovery and Tax Incentives for Enterprises – Maximize Opportunities for Reinvigorating the Economy) Act, also includes training Filipino caregivers to meet Japanese standards, creating new opportunities for local workers.

DTI said details of the plan were finalized during a meeting with company executives in Osaka, Japan, highlighting the Philippines’ growing appeal as a retirement and wellness destination.

Trade Secretary Cristina Roque welcomed the move, calling it “more than an investment.”

“It is a partnership for dignity, wellness, and opportunity for our people. By combining Japanese expertise in eldercare with our warm climate, hospitable culture, and skilled workforce, we can make the Philippines a second home for Japanese and global retirees,” Roque said.

The project is expected to boost local employment while reinforcing the country’s bid to attract high-value industries and strengthen its regional standing in retirement and wellness services.