THE Philippines could be the next best investment destination for Italian companies.
This possibility was opened by the honorary consulate-general of the country to Milan Irene Natividad, who on May 14 highlighted the Philippines’s economic growth under its bilateral relations with Italy and provided a context that it could be the next investment hub in Southeast Asia.
In the third chapter of a business seminar in the Italian city billed “Investing and Doing Business in the Philippines [IDBP],” Italian Chamber of Commerce in the Philippines’s Executive Director Lorens Ziller presented facts and figures on the country’s economy and offered reasons for investors to consider setting up businesses there.
This was further supported by the testimonials and experiences of Mercurio Consulting Ltd.’s Fernando Fornaciari and Olip Italia SpA’s Fabio Dalai, who are both involved in trade and commerce in the Philippines and have recently concluded successful business missions.
Philippine Trade and Investment Center’s Paris-based Director and Commercial Attaché Froil Pamintuan capped off the forum when he discoursed on the economic policies and priorities of the Duterte government, the robust state of the country’s economy, trade and investment opportunities for Philippine-based Italian companies, as well as the advantages of the country as an investment destination that endows fiscal as well as non-fiscal incentives to foreign investors.
The IDBP series aims to promote within the Italian business sector the potential of commerce and investment in the Philippines’s economic sectors. It teaches an understanding of establishing corporations, branches, subsidiaries, industrial production facilities or finding reliable partners to assist mergers and acquisitions for European Union countries, as well as their regional hubs in Asia.
The fourth part of the IDBP seminar will be held in Rome in July 2018.