SINGAPORE-BASED Keppel Group of Companies plans to explore investment opportunities in the country’s infrastructure sector despite the crisis in Marawi City and martial law in Mindanao, a top Keppel official said on Thursday.
Keppel is looking at the possibility of exploring investment opportunities under the Philippines’ public-private partnership (PPP) program, specifically in infrastructure, Loh Chin Hua, chief executive officer of Keppel Corp., told reporters during a press conference hosted by the Philippines-Singapore Business Council (PSBC).
“In terms of investing in the Philippines, we are looking at the big picture… despite the Marawi battle and martial law in Mindanao,” Loh said.
He noted that investing in the Philippines was different from investing in other countries.
“There are always some challenges. Knowing the market improves the ability for us to be able to link up and connect with the local businesses,” Loh added.
Guillermo Luchangco, PSBC Philippines co-chair, welcomed the Singaporean business delegation at the event, during which bilateral trade opportunities between the two countries were highlighted and the current investment climate in the Philippines was presented.
The Singaporean mission is comprised of business leaders and representatives from various industries such as banking and finance, real estate, architecture design, life sciences, manufacturing, supply chain- and office solutions, food and beverage, logistics, and software development.
“We can seek partnership in key industries such as producing halal food and non-food products, investments in IT-BPM services, infrastructure, shipbuilding, tourism and support of start-ups,” Luchangco said.