PH Tourism, Investment and Retirement Promoted at the 9th Belt

and Road Summit 2024 in Hong Kong

Philippine Stock Exchange, Inc. Independent Director Mr. Andrew Gan talks about the possible cooperation between the stock markets of the Philippines and Hong Kong during the Thematic Breakout Session of the Belt and Road Summit 2024. (Hong Kong PCG photo)

HONG KONG 19 September 2024 — The Philippine Consulate General in Hong Kong promoted tourism, investment and retirement opportunities in the Philippines during its participation at the 9th Belt and Road Summit 2024 held from 11 to 12 September 2024 at the Hong Kong Convention and Exhibition Centre. 

The summit themed, “Building a Connected, Innovative and Green Belt and Road,” drew around 6,000 prominent individuals from 70 countries and regions. Hong Kong Chief Executive John Lee attended the Summit’s Opening Ceremony and delivered a keynote speech emphasizing Hong Kong’s pivotal role in achieving the goals of the Belt and Road Initiative (BRI), having both the “China advantage” and the “global advantage.” Chief Executive Lee also stressed that the Summit has been recognized by Mainland China as a key global event for advancing economic, trade and investment cooperation activities with Belt and Road partners. 

At the Consulate’s booth, Summit participants were invited to “visit,” “invest” or “retire” in the Philippines. The booth gave away regional tourism brochures featuring the provinces of Subic and Northern Mindanao, as part of the “Love the Philippines” campaign. Additionally, materials promoting investment opportunities in the Subic Bay Freeport, as well as other investment opportunities in the country were made available under the Department of Trade and Industry’s (DTI) “Make It Happen in the Philippines” campaign. Foreign companies were also encouraged to expand their markets by participating in Philippine trade fairs organized by the Center for International Trade Expositions and Missions (CITEM). The Consulate also provided information on the Special Resident Retiree’s Visa (SRRV) that will allow retirees to settle for good in the Philippines.

The Philippine Veterans Investment Development Corporation Industrial Authority (PHIVIDEC-IA), which manages the PHIVIDEC Industrial Estate in Misamis Oriental Special Economic Zone (PIEMO-SEZ), likewise participated in the Summit as an exhibitor. The PIEMO-SEZ is a 3,000-hectare land that is strategically located adjacent to the gateway of Northern Mindanao, Cagayan de Oro City. It is considered as one of the biggest industrial estates in the Philippines, offering an independent container port, the Mindanao Container Terminal (MCT), reliable power and water supplies, various fiscal incentives, and competitive land lease rates. 

PHIVIDEC-IA Administrator and Chief Executive Officer Atty. Joseph Donato J. Bernedo served as one of the Speakers for the Summit. Administrator Bernedo delivered a presentation on the available fiscal incentives and investment opportunities in Northern Mindanao. 

Meanwhile, Philippine Stock Exchange, Inc. Independent Director Mr. Andrew Gan, on the other hand, discussed the potential cooperation between the stock markets of the Philippines and Hong Kong, particularly in derivatives and sustainable investments. 

Currently in its ninth year, the Belt and Road Summit, jointly organized by the Hong Kong Government and the Hong Kong Trade Development Council (HKTDC) continues its aim to gather different countries around the world to explore Belt and Road opportunities and share the latest developments related to the Initiative. It also featured various business plenaries, policy dialogues, deal makings and pitching sessions. END

Vice Consul Allan Revote (right) with PHIVIDEC-IA Administrator and CEO Atty. Joseph Donato J. Bernedo. (Hong Kong PCG photo)

PHIVIDEC-IA Administrator and Chief Executive Officer Atty. Joseph Donato J. Bernedo presents about catalyzing industrial growth through strategic investments in Northern Mindanao. (Hong Kong PCG photo)

Vice Consul Allan Revote discusses with Summit’s participants about tourism, investment and retirement opportunities in the Philippines. (Hong Kong PCG photo)

For more information, visit https://www.hongkongpcg.dfa.gov.ph or https://www.facebook.com/PHLinHK/.