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Duterte: PH ready to do business with Malaysia

Updated

By Philippines News Agency

DAVAO CITY — The Philippines is open for business, President Rodrigo Duterte told Malaysian business leaders during his two-day visit to the neighboring Southeast Asian nation.

“My message to business leaders is clear: The Philippines is open for business and we will provide the environment that is conducive for industries to thrive,”  Duterte said.

Philippine President Rodrigo Duterte delivering a message upon his arrival at the Davao International Airport on November 11, 2016 from state visits to Thailand and Malaysia.

Philippine President Rodrigo Duterte delivering a message upon his arrival at the Davao International Airport on November 11, 2016 from state visits to Thailand and Malaysia. (MANILA BULLETIN)

During his arrival at the Davao International Airport Friday from his visit to Malaysia, the President announced that Malaysian business leaders expressed confidence in the many investment opportunities in the Philippines.

He said business leaders showed interest in investing in infrastructure, mass transportation development, building of regional centers, joint ventures in agribusiness, halal-certified products, and high value post-harvest processing facilities.

With this development, the President directed Department of Trade and Industry Secretary Ramon Lopez to follow through and ensure trade and investment with Malaysia, whom the President said is the country’s 10th largest trade partner because of its continued growth.

“With Malaysia, we committed to explore all available options to ensure greater collaboration in the joint coordinated pursuit, the interdiction, and the arrest of criminal and terrorist plying the waterways between our countries,” he said in his arrival speech.

He said Malaysia will continue to be the country’s partner for growth and development and emphasized on other areas of mutual interests.

“I strive to enhance our relation with our neighboring countries and explore more opportunities to further advance the best interests of our nation,” he said.

This also includes efforts to address criminality on land, at sea and between borders and the commitment to achieve just and lasting peace in Mindanao where Malaysia will continue to play an important role.

The Chief Executive also declared the Philippines is ready to work with Malaysia and partners interested in securing the future of generations of the Mindanaoans and Filipinos

“As incoming chair of ASEAN, we count on Malaysia’s support for our efforts to build a stronger, rule-based and people-centered ASEAN,” he stressed.

Earlier, Lopez said Malaysia’s interest are on the areas of building further the Halal industry, strengthening of the Brunei-Indonesia-Malaysia-Philippines (BIMP) cooperation, agri-business joint undertakings, particularly in the areas of palm oil and natural rubber.

Initial discussions with the Minister of Trade of Malaysia and a meeting with the Malaysia – Philippines Business Council headed by their President Dr. Tan Sri Azmil Khalid, the President and CEO of one of the largest infrastructure company with existing projects in the country, Lopez said.

There are current investments like the Investment Promotion Agency with approved investment of about USD63 million.

Malaysia has billions of investments abroad and the Philippines is getting only a few of these investments, Lopez said.

“With this strengthening of ties, we expect more investments, more joint venture, undertakings to take place with our Malaysian partners,” he said, adding that there were indications from the private sector of entering into some MOUs (Memorandum of Understanding).

“This is basically a private to private enterprise agreement and they’re talking of an infrastructure project,” he said. However, he said he was not at liberty to reveal any undertakings of the private sector.

He however, underscored the willingness of the companies to put a stake in the current administration in terms of supporting development goals in infrastructure, agri-business.

Lopez said the President is keen promoting more the agri-business projects with the country’s potential oil palm project areas in Mindanao and Palawan.

He said Malaysians are looking at 80,000 or 200-300 hectares down the road.

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  • nik_a

    talagang change is coming hangagat si Duterte ang umuupo bilang leader sa bansa natin magiging maayos ang lahat at tlagang may pgbabago

    • jack korner

      opo tama ka

  • tommy

    hanggat may leader tyo na handang lumban para sa bansa natin maging matpang din tyo dahil ang pangulo natin ay hindi sumusuko!

    • Simon

      Talaga? Ano na nga palang nangyari sa Jetski?

  • roger page

    patalsikin na yan si dugong puro utang ang ginagawa

    • dominic

      ikaw ang dapt na patalsikin wala ka naman na kwnta!!

    • karmen ina

      ikaw na lang kaya ang ibala sa kanyon

      • briel

        hahahhhahaha kawawang roger ibabbala ni ate karmen sa kanyon

  • sophia_madrona

    hoooo puro lang naman yan utang wala naman magandang maidudulot yan!

    • bogz

      ikaw mabuti pa ikaw wala kang maidudulot dito sa bansa!!

    • marian iloga

      hayaan mo na para lang din nman saiyo yan balang araw

      • Simon

        Hindi para sa amin? Alam mo ba sinasabi mo? Kapag meron deficit ang Gobyerno, Kunway magtataas sila ng TAX! Dutete supporter ka ano kaya sakay lang ng sakay.

  • Totolang

    What conducive business environment? Lalong lumala ang traffic at kung lutong Macao ang mga pulis operations what guarantee business owners have that they will not be victims of manipulations and injustice?

    • angpilipinongayon

      bitaw no? Sus, why would they do business here, as the madness of traffic was caused by Duterte himself.

  • Yolanda Santos

    Idioterte foolishly signed construction contracts, without biddings and due diligence, with Chinese companies banned by the World Bank and tagged by Transparency International as corrupt. Why? Kickbacks, kickbacks!

    No more corrupt contracts without biddings and due diligence, Idioterte!

  • ricO

    tiwala akong ginagampanan ni digong ang kanyang tungkulin bilang isang magaling na leader ng ating bansa.

    • al_bert

      tama!hindi nila kayang masira ang admin. ni duterte.

  • basilio

    marami ang nag bago simula nung mailuklok si digong bilang presidente ng pilipinas.