HONG KONG – In a continuous effort in positioning the Philippines as a premiere investment hub in the region, the Department of Trade and Industry of the Philippines (DTI) Undersecretary Ceferino S. Rodolfo discussed investment opportunities with Hong Kong firms on 18 May 2024.

DTI’s trade and investment promotion arm in Hong Kong and Macau, the Philippine Trade and Investment Center – Hong Kong (PTIC-HK) supported by the Philippine Consulate General in Hong Kong (PCGHK) conducted a series of meetings with Hong Kong firms TSANGS Group, NWOW Holding Limited, and Asia Pacific of the Cathey World Investment Limited, where investment interests under pharmaceutical, renewable energy, and electric vehicle sectors were tackled.

  • PTIC-HK Vice Consul (Commercial) Atty. Roberto B. Mabalot, Jr. (left); DTI Undersecretary Rodolfo (right); and, Mr. Andre Kwok, the Executive Director of the Hong Kong Ambassadors Club – HKAC and Chief of Staff of the TSANGS Group (middle).
  • PTIC-HK Vice Consul (Commercial) Atty. Roberto B. Mabalot, Jr. (left); DTI Undersecretary Rodolfo (2nd from left); Mr. Tony Lau, the Business Development Director, Asia Pacific of the Cathey World Investment Limited (2nd from right); and Ms. Nicole Leung
  • PTIC-HK Vice Consul (Commercial) Atty. Roberto B. Mabalot, Jr. (left); Undersecretary Rodolfo (middle); and, Mr. Qin Lizhi, the representative of the NWOW Holding Company (right).

Undersecretary Rodolfo presented the latest developments in the Philippine business landscape, highlighting the country’s priority sectors, advantages and the policies that will attract foreign investors. He further encouraged the Hong Kong businessmen to consider the Philippines as their preferred investment destination for any future investment plans.

According to the statistics from the Bangko Sentral ng Pilipinas, Hong Kong was considered as a major contributor to the Philippines’ economy by becoming the country’s 9th largest origin of net foreign direct investment (FDI). The total amount of FDI from Hong Kong reached a sum of US$24.84 million in 2022.

For more information, please feel free to contact the PTIC-HK at hongkong@dti.gov.ph. You may also follow the official Facebook page of the PTIC-HK at DTI Hong Kong. ♦

Date of Release: 24 May 2024

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