Philippines, Japan ink
agreements on rail project, social security
MANILA, Nov. 21 -- The Philippines and Japan signed two agreements
following the bilateral meeting between President Benigno S. Aquino III and
Prime Minister Shinzo Abe on Thursday.
The first agreement was on social security, which aims to coordinate pension
programs for people who live and work in the Philippines and Japan.
Under the agreement, signed by Foreign Affairs Secretary Albert del Rosario
and Japanese Ambassador to the Philippines Kazuhide Ishikawa, those covered
by social security systems will continue to receive benefit, whether they
are residing in the Philippines, Japan or even in other countries. The
agreement also targets to solve the problem of double payments and further
facilitate people-to-people exchanges and economic cooperation between the
Meanwhile, the two governments then exchanged notes on the North-South
Commuter Railway Project from Malolos, Bulacan to Tutuban, Manila.
The railway project, worth approximately USD 2 billion, aims to improve land
transportation capacity in Metro Manila and provide a more environmentally
sustainable mode of transport from Malolos to Tutuban.