(20Nov2011)/by: baylander
Philippine Economic Zone Authority (PEZA) Director General Lilia de Lima encouraged Korean traders to invest in the Philippines.
In her speech on November 14, 2011 during the Philippine Investment Seminar held in Seoul, De Lima disclosed that there are 269 Korean enterprises operating in various PEZA zones in the Philippines constituting 3.89 percent of all local and foreign investors.
According to De Lima, a registered total investments of P113.6 billion pesos ($2.6 billion dollars) have been accounted for 2011, a 60 percent increase over the previous year.
The seminar was hosted by the Korean Chamber of Commerce and Industry attended by 80 Korean businessmen.
During the seminar, Samsung Electronics Philippines (SEPHIL) President Sun Hung Kim gave a testimonial stressing his belief that the Philippines is an investment destination.
He also lauded the SEPHIL's Filipino engineers who developed a fully localized product for the international market.
Philippine Economic Zone Authority (PEZA) Director General Lilia de Lima encouraged Korean traders to invest in the Philippines.
In her speech on November 14, 2011 during the Philippine Investment Seminar held in Seoul, De Lima disclosed that there are 269 Korean enterprises operating in various PEZA zones in the Philippines constituting 3.89 percent of all local and foreign investors.
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The seminar was hosted by the Korean Chamber of Commerce and Industry attended by 80 Korean businessmen.
During the seminar, Samsung Electronics Philippines (SEPHIL) President Sun Hung Kim gave a testimonial stressing his belief that the Philippines is an investment destination.
He also lauded the SEPHIL's Filipino engineers who developed a fully localized product for the international market.
Reference: Philippine Daily Inquirer
1 comment:
investors in the Philippines should be protected by the government to the extreme. trust and confidence should be insured to the investors..
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