Japan Commits PHP 93 million for Scholarship Project

MANILA – Japanese Ambassador Kazuhide Ishikawa and Secretary of Foreign Affairs Albert F. Del Rosario signed and exchanged notes on the Japanese Grant Aid for Human Resource Development Scholarship (JDS) Project on July 3, 2015.

This grant aid provides a fund amounting to 258 million yen (approximately 93 million pesos*) to cover 20 JDS fellows, consisting of Filipino young officials from various governmental institutions, entering Japan starting Academic Year 2015-2016.

The project aims to enhance the JDS fellows’ expertise in their respective fields such as “Financial Reform, Investment and SME Promotion Policy”, “Public Policy”, “Transportation Infrastructure” and “Peace and Stability in Mindanao” and to help build a pool of future Filipino leaders who will greatly contribute to the country’s overall economic development by returning to and working in the Philippines. To date, the Philippines has a total of 259 JDS fellows. (Eagle News Service/Embassy of Japan)

* From BSP: PHP-JPY Exchange Rate = .3635 (2015 June average)