BDO, DTI team up to drive foreign investments into key Philippine sectors

October 14, 2024
7:46AM PHT

BDO Unibank Inc. has teamed up with the Department of Trade and Industry to strengthen foreign investment flows into the Philippines, aiming to position the country as a top destination for global investors.

This partnership aims to position the country as a prime destination for foreign investments by organizing investment seminars, business matching activities, and industry promotion missions, the DTI said in a statement.

Trade Undersecretary and Board of Investments Managing Head Ceferino S. Rodolfo (left) and Charles M. Rodriguez, executive vice president and head of BDO Unibank institutional banking group, sign the Memorandum of Understanding to promote foreign investments in the Philippines./ Contributed photo

The initiative will focus on attracting investments in key sectors such as manufacturing, technology, renewable energy, and infrastructure. These efforts are expected to create new factories, jobs, and innovations that will benefit Filipinos, leveraging the country's skilled workforce and strategic position in Asia.

(From Left): DTI's Evariste M. Cagatan, executive director of investments promotion services, and Dr. Ceferino S. Rodolfo, undersecretary and managing head of the Board of Investments, with Charles M. Rodriguez, executive vice president and head of BDO Unibank institutional banking group pose with the signed Memorandum of Understanding (MOU) between BDO Unibank and the Department of Trade and Industry./ Contributed photo

Charles M. Rodriguez, executive vice president and head of BDO’s institutional banking group, stressed  the significance of this collaboration: “This partnership reflects our shared commitment to making the Philippines a key investment destination for both foreign and local businesses. Through these investments, we contribute to the country’s economic growth, which has consistently ranked among the strongest in the Asean region over the past decades.”

Trade Undersecretary Dr. Ceferino S. Rodolfo underscored the strategic benefits of the partnership: “By combining BDO’s financial expertise and DTI’s investment policy leadership, we can create a more competitive environment for investors. This collaboration ensures that the Philippines is recognized not just as a growing market, but as a destination for sustainable, long-term investments.”

The collaboration also aims to empower small and medium enterprises (SMEs) by connecting them with foreign companies that bring advanced technology and capital, fostering protracted growth for local industries. This partnership, according to the DTI, is seen as a vital step in establishing the Philippines as a smart and sustainable manufacturing hub in Southeast Asia.

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