Hong Kong bizmen eye opportunities in the Philippines

Hong Kong bizmen eye opportunities in the Philippines

By Kris Crismundo, Philippine News Agency

- in Business, News

MANILA — An 11-man business delegation from Hong Kong has visited the Philippines to explore trade and investment opportunities in the country.

The Board of Investments (BOI) said Friday that the visiting businessmen from Hong Kong eye opportunities in sectors of agriculture, tourism, manufacturing, and infrastructure.

Hong Kong Trade Development Council (HKTDC) Executive Director Margaret Fong led the business mission here.

During the business mission, the Department of Trade and Industry (DTI) provided information to the delegation on the business environment in the Philippines.

It was also stressed that the Philippines and Hong Kong can further strengthen economic ties through the recently signed ASEAN-Hong Kong Free Trade Agreement (AHKFTA).

Prior to the meeting with the BOI, the business delegation also met with officials of Export Marketing Bureau and Philippine Economic Zone Authority.

According to BOI, Hong Kong remains one of the strongest investment sources for the Philippines this year.

Investment inflows from Hong Kong investors in January to September 2017 surged 107.1 percent to PHP1.52 billion from PHP732.2 million investments in the same period last year. (PNA)

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