The Philippine Economic Zone Authority (PEZA) is seeking foreign direct investments from UK companies at recent business-to-business meetings in London.
PEZA in a statement said the business-to-business segment of the Philippine Economic Briefing in London held on October 31 engaged the following companies: Global Plasma Supply for plasma-based therapy and IV solutions; ERM London for wind energy; Lord Astor of Hever for defense industry, aviation and tourism and; SGV for mineral processing, telecom and data centers.
Tereso Panga, director-general of PEZA, joined the Philippine delegation to London, led by Finance Secretary Ralph Recto which conducted a briefing for British investors and top global banks such as JP Morgan, Goldman Sachs, HSBC, CITI, Morgan Stanley, BNP Paribas, Standard Chartered and UBS.
The Philippine delegation also met officials of Actis, BP Plc, Global Infrastructure Partners, InvestCorp, Alexander Mann Solutions, and Revolut.
The delegation also met with the British International Investment and the UK-Asean Business Council.
Panga in the briefings highlighted PEZA’s value proposition for investors such as the provision for the best location and conducive business environment.
To date, PEZA has registered 97 British companies which generated P202.372 billion in investments and provided direct jobs to more than 93,000 Filipinos. Among PEZA’s leading British locators are Dyson, BE Aerospace, HSBC, Cirtek, Concentrix, and Anda Power.
