Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

Home  >>   Daily News  >>   Philippines  News  >>   Investment  >>   Philippines expects Middle Eastern investments
NEWS UPDATES Asean Affairs        11  March 2011

Philippines expects Middle Eastern investments

Related Stories

March  2, 2011
Philippines Pangilinan claims control of MRT 3

February 18, 2011
January Philippine hot money inflows ease

February 14, 2011
Philippines considers more mining perks

February 11, 2011
Philippine FDI surges

January  31, 2011
Philippine business leader looks for more

January  22, 2011
Hot money sets Philippine record

The Philippine government expects investments from the Middle East to flow into the Philippines this year despite the current hostilities in the region.

Department of Trade and Industry Undersecretary Crisanto Panlilio said the government is eyeing a combined $1.5 billion, or roughly P65-billion worth of investments from the Middle East and Europe to be poured into the public-private partnership (PPP) initiative of the Aquino administration.

Fresh from a two-week visit to Abu Dhabi in the United Arab Emirates, Doha, Qatar and various parts of the European Union (EU), Panlilio met with businessmen and government officials from those countries.

He said business delegations from France, Spain, Switzerland and the UK would come to the Philippines this year.

Existing multinational companies as well as new firms from the EU would likely infuse a total of up to $1 billion for maiden as well as expansion projects within the year, the official said. Businessmen from the Middle East are looking at about $500-million worth of projects in the Philippines, as companies mull over transferring operations to Southeast Asia and China from strife-torn Northern Africa.

"We just have to nudge them to send in more FDI [foreign direct investment] sooner," Panlilio said, citing firms involved in the aviation, business process outsourcing, energy, food, mining, oil exploration, personal care, and tourism sectors.

He said UK investors are eyeing participation in railroad projects under the PPP framework. "We will give more detailed presentations of the five PPP projects to be rolled out to [counterpart] investment authorities," he said.

Fresh data from the Bangko Sentral ng Pilipinas (BSP) showed that FDI in 2010 fell short of its forecast.

In a statement, the BSP said full-year FDI posted net inflows of $1.7 billion, or $300 million short of the $2 billion forecast for 2010. The full-year figure was 12.7 percent lower than the $2 billion inflows in 2009.


Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates
Contact: marketing@aseanaffairs.com

Comment on this Article. Send them to  your.views@aseanaffairs.com

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
 
or
submit your comment in the box below
Name

Name


Email

Email




Today's  Stories    11  March 2011 Subsribe Now !
 • Cambodia disputes World Bank report 
Subcribe: Asean Affairs Global Magazine
 • Indo bank, IMF discuss capital inflows Asean Affairs Premium
• Huawei to construct Indo-Malaysia sea cables

• Kuwait firm invests in Malaysian mobile hub

Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry


• Philippines expects Middle Eastern investments

• Philippines inclusion in piracy list pushed

• Three Thai billionaires on Forbes list

• Thai banks lift rates
Asean Analysis    11   March 2011 Advertise Your Brand
• Aquino on corruption Sponsor Our Events
Asean Stock Watch    11  March 2011
• ASEAN Markets to Open Lower
Global News Impacting Asia    17 November 2010
• Bank of America sees Asian inflation
• Lloyd’s increases insurance push in Malaysia
• Wells Fargo analyst on euro
• Obama’s visit to Asia

ASEAN NEWS UPDATES      Updated: 04 January 2011

• Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore
• Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline
• Vietnamese PM projects 10-year socioeconomic plan

ASEAN  ANALYSIS

This year in Thailand-what next?

AseanAffairs  
04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2014 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com