New portal to facilitate foreign direct investors

DUBAI/MANILA: Foreign direct investors ( FD investors) such as electric vehicle developers/ manufacturers as well as those into the aerospace industry now have much easier access to official investment specialists in the Philippines through the new portal of Manila’s Department of Trade and Industry-board of Investments (DTI-BOI) www. philippines. business.

The portal is part of the Southeast Asian economy’s new international marketing campaign, “Make It Happen in the Philippines,” recently launched at the Makati Diamond Residences in the Central Business District of Makati City.

The five-year campaign messages the capabilities of the Philippine government and the Filipinos’ to provide world class standards of workforce, ethics and professionalism highlighting their resilience, adaptability and positive “make-it-work” mindset amidst and despite of all local, regional and worldwide crisis such as the ongoing Novel Coronavirus pandemic. It is made possible through the UK Sovereign Fund as it is in partnership with the UK Department of International Trade-investments Promotion Programme initiative. It encourages foreign direct investments (FDIS) in the areas of electronics manufacturing, copper/nickel aerospace, It-business Processing Management, and automotive sectors.

DTI Secretary Ramon Lopez, also the BOI chairman, said at the launch: “Against a difficult global economic and business backdrop, the new campaign highlights our continued strength as a foreign investment destination and our resilience in the face of unprecedented challenges.”