High-level Aussie business mission eyes bigger slice of growing Philippine market

A high-level delegation of top executives from 14 prominent Australian companies will visit Manila this week to explore new business opportunities in the rapidly growing Philippine market.

Leading the mission is Shemara Wikramanayake, CEO and Managing Director of Macquarie Group, one of Australia's largest global financial services firms, who is also this country’s “business champion” for the Philippines.

Wikramanayake will be  joined by a powerful lineup of business leaders representing key Australian corporations, including ANZ and Telstra, as well as leading agribusinesses such as Bega Foods, Costa Group, GrainCorp, Sunrice, and Pristine Pacific.

The delegation also includes representatives from institutional investment giants IFM Investors and Investible, infrastructure firm Plenary Group, pension funds Australian Super and Future Fund, and resources equity firm EMR Capital. 

Shemara Wikramanayake, CEO and managing director of Macquarie Group/photo from Macquarie Group website

Alongside these executives are Xavier Simonet, CEO of the Australian Trade and Investment Commission (Austrade), and John Hopkins, CEO and Managing Director of Export Finance Australia.

Investment, trade opportunities

Scheduled for Sept. 5 to 6, the mission aims to capitalize on the robust economic growth of the Philippines by identifying new investment and trade opportunities. 

The Australian Embassy in the Philippines emphasized that the visit underscores Australia's commitment to deepening its economic ties with Southeast Asia, particularly the Philippines.

Focus on critical sectors

During their stay, the Australian business leaders will consult with senior Philippine government officials to discuss potential investments in critical sectors such as agri-food, energy, infrastructure, and transportation—industries where Australian expertise aligns with the priorities of the Philippine government.

The delegation will also meet with major Philippine conglomerates to gain insights into the local business and investment landscape. 

Additionally, the Manila-based Asian Development Bank (ADB) will brief the group on potential co-investments, while established Australian companies in the Philippines will share their success stories and experiences.

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