Business missions attract 23 companies to set up in PHL

By Kris M. Crismundo

MANILA, Jan. 18 (PNA) — Twenty-three foreign companies will be setting up operations in the Philippines as an offshoot of their inbound business missions here during the past few years, according to Department of Trade and Industry-Trade and Investment Promotion Group (DTI-TIPG) Undersecretary Ponciano Manalo Jr.

”We have 23 companies that would have set up operations in the various sectors as realized investments from the inbound missions,” Manalo said.

He added that the investments will be in the sectors of information technology-business process management (IT-BPM), manufacturing, telecommunications, and construction that will generate almost 3,000 jobs.

He said that the business missions of other countries in the Philippines are the results of DTI’s effort in promoting the country’s business climate through outbound missions.

In 2013, DTI conducted 15 outbound business missions and will continue to do at least 15 up to 20 missions this year, Manalo said.

The DTI is keen to further get investments, particularly on suppliers of big companies which already set up their manufacturing facilities here in order to grow the local supply chain.

Moreover, aside from attracting investments in the manufacturing sector, DTI will now promote the local game development industry in the offshore market.

”For my part, what I want to develop and I want to look at this year is the whole area of software development and game development. I believe that game development is something that we do so much here,” the Trade undersecretary said.

He added that DTI is eager to entice and invite global players in the game development industry to participate in the local market in order to grow and develop its domestic industry.

Likewise, the government will continue its effort to promote the business process management (BPM) industry, particularly the healthcare information management (HIM) sector.

”And of course our business process management, since it provides a lot of jobs. I would like to feature this year in the whole area of health care information. It’s an opportunity as you know the United States, there’s a big healthcare, new healthcare law. There’s a lot of opportunities if we are able to provide data management and data analytics for them from our part,” Manalo added. (PNA)