A US regulatory board on rail systems visited the Philippines recently to explore the domestic market and its business opportunities, particularly in the country’s energy sector.
According to the Department of Trade and Industry’s Board of Investments (BOI) the team from the Railroad Commission of Texas (RRC) led by its chairman David Porter explored investment opportunities in the country.
Despite its name, the RRC is mandated to regulate the energy industry —its main activity—in the State of Texas, along with mines and railroads.
The RRC delegation came to learn particularly about Philippine markets, business opportunities, and share insights on how RCC could assist in the development of the country’s energy regulatory framework to help attract new investors, especially those with roots in Texas.
The delegation met with the trade undersecretary for investment promotion, Nora Terrado. It also attended an investment briefing organized and facilitated by the BOI, in coordination with the Department of Trade and Industry’s Foreign Trade Service Corps.