Thai firms to invest in Baguio
BAGUIO CITY — Some officials of Thailand-based companies will be visiting the city this year to study the possibility of putting up their operations in the Philippine Economic Zone Authority (PEZA) on Loakan Road.
Mayor Mauricio Domogan told The Manila Bulletin that Thailand’s Ambassador to the Philippines Tanathip Upraising intimated during their meeting last year that Thai companies are also interested in putting up businesses in the Baguio-La Trinidad-Itogon-SablanTuba-Tublay (BLISTT) area.
Domogan said Upraising told him that these Thailand-based companies have signified their intention to visit the city any time this year to assess the prevailing business environment and for them to consider putting up their future operations in the city or within the BLISTT area.
“We consider the meeting with the Thai ambassador as fruitful because he committed that there will be officials of some Thailand-based companies who will be visiting our city anytime next year (2018) to study the possibility of establishing their operations either in the city or in suitable places within the BLISTT to help in generating jobs for our constituents and improving the economic activities and sources of livelihood of the people in the said places in the future,” said the mayor.
He said the planned expansion of operation of Thailand-based companies in the city will definitely be a huge economic driver not only for the local economy but also for the country’s foreign direct investments considering the need to sustain the influx of investors that will contribute in uplifting the economic activities outside the National Capital Region (NCR).
The partnership of the local government and the Thai embassy was enhanced by the Philippines-Thailand Cultural Organization (PTCO) headed by Minda Pama, wife of former University of the Cordilleras (UC) president Ricardo Pama.
Pama’s group was instrumental in bringing to the city the Thailand embassy officials and a 51-member Thai delegation that spent several days going around the country’s Summer Capital.