CIFIT 2020's Country Guest Of Honour Philippines Teases New Multimarket Brand For International Investors
AsiaNet 85452
XIAMEN, China, Sept. 8, 2020 /PRNewswire=KYODO JBN/--
A Philippine delegation will open the prestigious Guest of Honour Pavilion at
the China International Fair for Investment and Trade (CIFIT) today, ready to
show China and the world its capabilities as a leading foreign direct
investment destination for businesses ready to expand within Asia.
China and ASEAN investors attending the Fair will also experience the first
unveiling of the Philippines' new international investment brand "Make It
Happen In The Philippines" – the Philippines' first sustained and unified
multi-sector, multi-market campaign designed to drive foreign investment leads.
Developed and tested among international investors in the biggest Asian
economy, China, as well as among the world's largest consumer markets including
the US and UK, the new investment brand and fully-integrated marketing campaign
will become the Philippines' uniform corporate identity for foreign direct
investment.
Promoting the market's resilience, adaptability and positive 'make it work'
mindset, the 'Make It Happen In The Philippines' investment brand will be
brought to life at CIFIT with bespoke content, marketing brochures and a selfie
wall. Investors will be able to experience the new brand and the scale of the
Philippines' economic growth success story by visiting www.philippines.business
through monitors and laptops on the stand.
The Philippines' successful growth has been driven in part by its strength,
capacity and capability in leading sectors including electronics manufacturing
(valued at $37 billion in 2018), automotive, aerospace, IT and health,
attracting a host of global businesses such as Siemens AG, Mitsubishi,
Lufthansa which are already established in market.
Secretary Ramon M. Lopez, Philippine Department of Trade & Industry (DTI) said:
"We are delighted that the Organizing Committee of CIFIT has bestowed us with
the unprecedented accolade of Guest of Honour for two consecutive years, a
testament to our success as a leading foreign investment destination within the
ASEAN marketplace.
He continues, "The Philippines continues to be a vital place to do business in
the world and is recognized as one of Asia's leading economies and
fastest-growing emerging markets. With the current health crisis affecting the
world economy, we have acted swiftly with a range of incentives and measures to
maintain ease of doing business and mitigating the impact of Covid-19 for
businesses. We look forward to sharing our "Make It Happen" story and
partnering with the world's investors at CIFIT 2020 and beyond."
Foreign direct investment plays an essential role in the Philippines' economy,
bringing billions to its economy annually and creating vital jobs: Philippine
FDI increased by 40 per cent in the three year period to 2019 in comparison to
the previous three years.1 The "Make It Happen In The Philippines" investment
brand and supporting promotional program highlights the adaptability of the
Philippine mindset which is vital amid the global pandemic.
The World Bank and International Monetary Fund both forecast a V-shaped
recovery, rebounding as much as between 6.2 to 6.8 per cent – made possible by
the market's competitive advantages such as a young and upbeat workforce,
English proficiency and service-oriented work ethic as well as its strategic
geolocation at the heart of Southeast Asia, its rapid development of IT parks
and economic zones and its focus on sustainable economic development through
infrastructure.
For more information on the 'Make It Happen In The Philippines' investment
brand, investment activities and prospects in the Philippines, investors are
invited to visit the new multilingual digital promotional platform and speak to
the Board of Investments at www.philippines.business
About the Philippine Board of Investments:
The Philippine Board of Investments (BOI), an attached agency of the Department
of Trade and Industry (DTI), is the lead government agency responsible for the
promotion of investments in the Philippines. Taking the lead in the promotion
of investments, BOI assists Filipino and foreign investors to venture and
prosper in desirable areas of economic activities. The BOI is a one-stop shop
in doing business in the Philippines. To find out more about investment
opportunities in the Philippines, visit www.philippines.business
1 Source: World Bank.
SOURCE: The Philippine Board of Investments (BOI)
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