The Philippine Embassy in Washington, D.C., is set to hold another investment roadshow next year to attract more American and Filipino-American investors, the Department of Foreign Affairs said on Thursday.
The success of the 2nd Philippine Investment Roadshow held April 22 to 26 in Los Angeles, Chicago and Boston prompted the plan to hold the 3rd Philippine Investment Roadshow.
“As a matter of fact, this roadshow is more successful than the first one we held in 2012,” Philippine Ambassador to the US Jose Cuisia Jr. said.
Three hundred participants joined the three-city investment seminars during the 2nd Philippine Investment Roadshow. The participants represent an increase of 31 percent compared to the first roadshow.
Cuisia said the 3rd Philippine Investment Roadshow trots out in Houston, Atlanta and Philadelphia sometime between April and May next year.
“We would like to do it this time in Houston, because it is the oil capital of the US; Atlanta because of its trade relations with Asean; and Philadelphia because of the presence of many young Filipino-American professionals,” he added.
Cuisia expects more leading corporate executives from sectors of infrastructure (energy, water and highways); business process outsourcing and information technology; mining; financial services; electronics and electronic devices; and pharmaceuticals and biotechnology to participate in next year’s roadshow.
Consul General Mario de Leon of the Philippine Consulate General in New York said the
attendance of a number of senior American corporate executives at the Boston leg of the roadshow indicates the high interest of US companies on the Philippines.
“All the participants were pleased with the presentations of the Philippines’ captains of industries. Now that they know more about the many business opportunities in our country, I am optimistic that the roadshow will lead to increased business transactions between Philippine and American companies particularly in the US Northeast,” de Leon said.
The trade and investment seminar did not only produce positive impression on the Philippine performance but encouraged the participants to visit the Philippines.
Consul General Hellen Barber-de la Vega of the Philippine Consulate General in Los Angeles said that in her jurisdiction, the Filipino-American Chambers of Commerce pledged to build on the success of the investment roadshow when it holds its annual summit from November 8 to 10 this year.
“This demonstrates the confidence in the Philippines as the new rising tiger of Asia,” de la Vega said.
The feedback and comments received from potential American investors, business executives, members of the Filipino-American community and other participants on the investment roadshow were very positive.
“They described the presentations as comprehensive, engaging, impressive and inspiring, particularly Dr. Bernardo Villegas’s very good macroeconomic presentation where he explained why he believed that the Philippines will enjoy sustained and inclusive growth over the next 10 to 20 years,” the envoy said.
Rainerio Borja, President of Expert Global Solutions-Philippines and a member of the business delegation, also said that “the roadshow is one of the best” he has participated in.
A topnotch business delegation from Manila participated in organizing the roadshow. The delegation included Benjamin Philip Romualdez, president of the Chamber of Mines of the Philippines; Isidro Consunji, president of DMCI Holdings; Roberto Dispo, president of First Metro Investment Corp.; Rainerio Borja, president and country head of EGS Philippines; Dan Lachica, president of the Semiconductor and Electronics Industries in the Philippines, Inc., and Jesus Zulueta Jr., chairman of ZMG Ward Howell.
Charmiane M. Nuqui