PH Consulate General in L.A. Touts PH Investment Potential in Business Mixer

(Clockwise) Consul General Edgar B. Badajos delivers welcome remarks; Trade Commissioner Eric C. Elnar and Tourism Attaché Richmond Jimenez made back-to-back presentations on the investment and tourism potentials of the Philippines especially under the new Administration;  Over eighty (80) Fil-am business owners and companies attended the business mixer; Consul Francis Maynard S. Maleon  presented Certificates of Appreciation to the Officers of the Coalition of Filipino American Chambers of Commerce led by its President, Mr. Gerry Palon. (Photos from PCGLA)

LOS ANGELES, 07 November 2022 – The Philippine Consulate General in Los Angeles touted the potential of the Philippines as a preferred investment destination in Asia in a business mixer held in Los Angeles on 28 October in collaboration with the Coalition of Filipino American Chambers of Commerce (COFACC). 

Held at the City Club in downtown L.A., the business mixer dubbed, Philippines-U.S. Trade Dialogue & Business Mixer, was the Consulate's third and last for the year with the first two having been held in Phoenix in May and San Diego in August. Over eighty (80) Fil-Am business owners and companies attended the business mixer. 

During the program, Trade Commissioner Eric C. Elnar and Tourism Attaché Richmond Jimenez made back-to-back presentations on the investment and tourism potentials of the Philippines especially under the new Administration. 

For his part, Consul General Edgar B. Badajos noted that “the Philippines is fully open for business and that the economy has gradually recovered, posting 7.4% growth in the second quarter of 2022." He added that the economy is expected to rebound with the continued easing of pandemic-related mobility restrictions around the country.

The Consul General also highlighted laws passed under the previous Administration to make the business climate more attractive to foreign investors. One of the laws allows full foreign ownership of firms in services like telecoms and shipping, he said. 

Towards the end of the program, the Consulate General facilitated a business-matching activity, allowing more interaction among the participants.  

Many of the companies that participated set up booths to provide samples of their products and share informational flyers including  Ayala Land, Inc.; Megaworld Corporation;  JC Decierdo Corporation; Lind Financial and Insurance Center;  Philippine Airlines, Inc.;  Vglow Beauty Bar;  Leo Bato & Associates;  Senztec Group Corporation; Realtor And Insurance Professional Ms. Rowella Go;  ADEC Innovations;  Foodtrients, Inc.; Dvine Care Services, LLC;  LA Progressive Lions Club;  Sky Freight Balikbayan;  L.A. Car Repair Specialists, Inc.; and  Defying Odds Through Sports Foundation. 

For more information, visit https://www.philippineconsulatela.org   or https://www.facebook.com/PHLinLA/.   END