Ambassador Jose Presents Trade, Investment Opportunities in Ph at Rotary Meeting
Philippine Ambassador to Malaysia Charles Jose delivers his talk on trade and investment opportunities in the Philippines to members of the Rotary Club around Kuala Lumpur.
20 June 2017 KUALA LUMPUR — Philippine Ambassador to Malaysia Charles C. Jose gave a presentation on trade and investment opportunities in the Philippines in a joint Rotary Club meeting on June 14 hosted by Rotary Club-Ampang.
Around 100 Rotarians from 19 Rotary Clubs in Kuala Lumpur and adjoining areas were present to listen to Ambassador’s Jose’s talk on business and investment opportunities in the Philippines, as well as on the country’s economic growth and the reasons behind it.
“The Philippines has now become one of the most viable, most attractive investment destinations in the region, due in part to the country’s continuing robust economic performance and its innate resilience in the face of global economic uncertainties. Despite the various man-made and natural disasters it faced, the Philippines, like its people, maintained its economic resilience, and in fact, grew. The UN Council for Trade and Development (UNCTAD) made a survey among businessmen and the Philippines was ranked seventh most promising investment destination among developing and developed countries for 2017 to 2019,” he said.
The ambassador added that, “the Philippines continues to exhibit positive economic growth, backed by organizations and credit ratings agencies, which gave a seal of approval on the country’s competitiveness and credit worthiness.:
“In line with this, it also has a clear comprehensive economic agenda as set out by the Duterte administration and linked to a long-term strategy. It boasts of a strategic location at the heart of the ASEAN region, with a skilled and educated population and a wide consumer base,” said Ambassador Jose.
The Ambassador also invited delegates to consider the Philippines as their next investment destination and outlined the business-related activities for the year, especially those in line with the country’s ASEAN chairmanship.
The Philippines and Malaysia share a strong two-way trade, investment and tourism partnership. As of December 2016, Malaysia was the Philippines’ 10th largest trading partner, with total trade amounting to US$430.21 million. Philippine exports to Malaysia are valued at US$ 130.92 million and imports at US$299.29 million.
Ambassador Jose (left) receives a token of appreciation from CP Ken Khoo (right) of Rotary Club-Ampang.
Between 2014 to the first nine months of 2016, Malaysian investments to the Philippines reached US$73.02 million, mostly in construction, finance, real estate, manufacturing, mining, private services, trade, and transportation.
For more information, visit www.kualalumpurpe.dfa.gov.ph / www.philembassykl.org.my or https://www.facebook.com/PhlembassyKL. END
The participating Rotary Club officers and members join Ambassador Jose (front row, ninth from left) in this photo. Around 100 participants from 19 Rotary Clubs in Kuala Lumpur and nearby areas were present during the Ambassador’s talk.