Philippines Takes Home the Investment Award for ASIA at AIM 2015.

Author: Darvin Tocmo  Date Posted:10 April 2015 

Philippines have achieved the Investments Project Award for Asia during the recent Annual Investment Meeting (AIM), a leading global forum for investment and strategic networking in Dubai, United Arab Emirates (UAE). According to what Department of Trade and Industry Undersecretary Ponciano Manalo Jr. told the reporters last Monday, the department received the trade and investments promotions award for the San Carlos Bronzeoak project. The project aims to develop and implement renewable energy projects in the Philippines. With a background in agribusiness and land development, the project is involved in bio fuel, biomass and solar energy technologies. “This is a strong confirmation that the Philippines have been attracting the best investment projects in recent years that contribute to the country’s remarkable and sustainable economic growth,” DTI said. The award is said to be a significant feature of the investment meeting and has become a widely appreciated recognition of best investments promotion agencies (IPAs). The AIM is a three-day event focused on foreign direct investments which provides various platforms for key stakeholders from the government and the private sector to interact and present their investment projects, programs and opportunities. The Philippines delegation, headed by Manalo, was composed of 44 representatives from 20 IPAs, local government units (LGUs), private businesses and business organizations. The mission was organized by the DTI and the Board of Investments in collaboration with the Philippine Embassy in the UAE. A total of 96 ready-to-go investments projects and business proposals were offered to potential investors. These projects are in line with the focused sectors that the delegation intends to promote in the Middle East. The sectors are the following: manufacturing, agribusiness, industrial estate development, tourism, infrastructure, logistics and energy. Find more information at: http://www.manilatimes.net/ph-wins-investments-award-for-asia-at-aim-2015/174558/