US investors bullish on PH–Cuisia

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Philippine Ambassador to the US Jose Cuisia. INQUIRER FILE PHOTO

MANILA, Philippines—Investors in the United States are upbeat about the Philippine economy and have expressed “strong interest” in doing business here, according to the country’s ambassador to the US following the investment roadshow that brought top Filipino businessmen to three US cities last week.

“The 2nd Investment Roadshow was a great success gauging not only from the turnout of American corporate and government executives but also the strong interest they expressed in investing in the Philippines,” said Ambassador Jose Cuisia in a statement.

Filipino businessmen representing the economy’s “hot sectors” participated in more than five days of an investment roadshow, the second such tour organized by the Philippine mission in Washington, D.C., to woo US and Filipino-American investors.

Investment prospects

The roadshow served as a seminar on Philippine investment prospects, with presentations on the state of the Philippine economy and developments in the mining, infrastructure, business process outsourcing and finance sectors.

Some 300 investors attended the roadshows in Chicago, Los Angeles and Boston, a 31 percent increase from last year’s attendance, officials said.

Leo Herrera-Lim, consul general to Chicago, said this year’s investment roadshow was unprecedented, with participants still “raving” about the Philippines a week after the event.

“No one remembers the last time there was a trade and investment roadshow of this kind in the US Midwest … Now, everybody wants to be in the game … Everyone is looking forward not only to the next seminar but to their next trip to the Philippines,” Herrera-Lim said in a statement.

“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,” said Mario de Leon, the consul general to New York .

Bigger roadshow

Philippine diplomats in the US said they intend to hold an even bigger roadshow next year, targeting the cities of Houston, Atlanta and Philadelphia to explore opportunities for business linkages in these areas.

“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 (the Association of Southeast Asian Nations), and Philadelphia because of the presence of many young Filipino-American professionals there,” said Cuisia.

In next year’s investment tour, Cuisia plans to again bring Philippine corporate executives from the same sectors represented this year, with the additional of the electronics, pharmaceutical and biotechnology industries.

The Philippine delegation in this year’s US investment tour 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 Phil.; Dan Lachica, president of the Semiconductor and Electronics Industries in the Phil.; and Jesus Zulueta, Jr., chair of ZMG Ward Howell.

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Disclaimer: The comments uploaded on this site do not necessarily represent or reflect the views of management and owner of INQUIRER.net. We reserve the right to exclude comments that we deem to be inconsistent with our editorial standards.

  • emmanuel icogo

    American companies…welcome…they pay well…

  • joboni96

    don’t bring the mess you did to the u.s. economy
    sa bayan namin

    overseas pilipinos are better investors

    • jorgii0550

      Are you really that dumb?

      Talaga kayung mga nega crabs, reklamo kayo ng reklamo na maraming walang trabaho sa Pinas tapos ngayun may mga kompanyang gustong magbukas ng negosyo nila dito ayaw mo naman.

      • joboni96

        it’s you that’s dumber

        nagmamagaling ka
        you’re just parroting what you read from imperialist propaganda

        nag iisip ka ba
        kung ano ang ikakabuti ng bansang pilipino

        do you live in my country?

      • jorgii0550

        Actually its allready 2013 yung gumagamit nalang ng term n’a imperyalista ay ang mga militanteng kumunista.

      • joboni96

        2013 na nga
        may nagbago ba?

        do you live in my country?
        if not shut up

      • jorgii0550

        I actually run à business here in Philippines and i personaly know that American companies threat their employees better. So their presence will lift the standard of workers here in Philippines…..You need to STFU this subject is beyond your knowledge.

      • joboni96

        your cia call center business
        is booming

        sa business, no say ka
        kaya di mo alam nanyayari

        calla te kolonisadong utak

  • http://www.facebook.com/people/Reymedina-Fong/100001830895982 Reymedina Fong

    keep on dreaming…………….. it will not happen,,,,, americans not stupid to invest here pinas………….. they go to thailand, vietnam, etc…………….. new balance has a factory in vietnam,,,,,, not in phillpines>>>>>>>>>>>> i would never open a business here in pinas……. corruption still

    • Crazy_horse101010

      not till they get rid of the 40 60 law

    • jorgii0550

      Red tape is already less in national level the problem is on municipal level.

      The Government needs more efforts related to improving the country’s infrastructure, and further improving revenue collections and opening up the economy to international trade and investments. We need also to lower the price of the electricity to attract more business.

      • http://www.facebook.com/people/Reymedina-Fong/100001830895982 Reymedina Fong

        keep on dreaming pinas run by crooks n morons its all a show too mnay poor who live on 2 dollars a day…………….

      • jorgii0550

        Porke andyan kana sa Amerika at secure kana sa travaho mo dyan bilang tsimay palagi nalang nilalait mo ang Pinas. Kung ayaw mo na sa Pinas bakit kapa nagkakalat dito ng mga bobo mong comments n’a puro négative? Duon kana lang magkalat sa mga US news site.

  • http://www.facebook.com/ledlights.dagupan Dagupan Led Lights

    we should focus on creating new industry like making our own motorcycle and automotive innovations

  • carlcid

    The U.S. has more than its share of economic problems. Meanwhile, this administration alienates China and Chinoy businessmen, as it sucks up to the Americans, hoping that America is still almighty and will cast a magic wand on the Philippines. It hasn’t happened in over a hundred years. And it won’t happen. The Philippines has to look around at its neighbors in order to advance and find prosperity.

    • rosstum

      Hehehe….better to deal with the lesser evil. I still consider America a lesser evil than China…!!

    • Tommy

      Yeah, because China isn’t responsible for the current tension between them and the Philippines.

      Not at all.

      Nope, they haven’t done anything at all, it’s all the administration.

      Yep yep yep.

    • Crazy_horse101010

      tsk tsk tsk more america bashing. spoken by another expert..united states gdp 14991300 china 7703784 japan 5870357. yeah run to the nieghbors. maybe china and japan will buy your goods. lol

    • Dibs

      i think we are doing that. 1st step is integratio0n of ASEAN economies by 2015.
      we shoould be OK with this even if we alienate ourselves with China — after all we don’t need a bully nieghbor to prosper ourselves. btw, in manufacturing side, china is infact our direct competition. one more thing, pls lang po, let’s refrain from buying chinese imitations/junks — let’s create our own ‘junks’ instread.
      btw, china economy is slowing down. with this trend, if it continues, social unrest is bound to happen. poor chinese (as in living below povertly line) is more than the total population of PH –> at least 10% of the 1.3 Billion chinese are poor, do the math….

    • jorgii0550

      Who cares if we alienate China that commie state is stealing our territories.

      Who cares if we alienate those Chinoy businessman, if they don’t like to pay their correct taxes they are always welcome to relocate back to China.

  • clarissa montes

    Someone should really do research on the quality and effect of foreign firms in the growth of our economy. Wala ngang mga dayuhan sa japan at korea pero bakit siila maunlad?

    • Dibs

      japan had an idustrial complex even before the WWII…so definitely, japan did not need any foriegn firms — foreign firms were going to japan then to study their colture and technology.
      as for the koreans, they have partnered with foriegn firms before but they tried to develop their own technology and grow from there.
      so, siguro what we need to do is emulate the koreans — partner with the US/et al and develop our own technology.

  • bongarroyo

    Ang tahimik dito…

    Nakaka -binging katahimikan…

    LOL…LOL

  • bongarroyo

    ansama …napakasama….

    napakasamang balita naman nito …

    para sa mga talangkang kulang sa gata …

    sfakefire…txtman…goavan…..mamang pulis pasoookk.

    • ewanski tolongges

      hahaha

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