Canadian investors look for business opportunities in the Philippines

  • Page Views 1136
  • Canadian businessmen are actively looking for opportunities in the Philippines, according to Canadian Ambassador to the Philippines John T. Holmes.

     

    The Canadian diplomat said Canadian investors are becoming increasingly interested in investing in the business process outsourcing (BPO) sector.

     

    “The BPOs, I’m finding out more Canadian companies are interested in investing here,” Holmes told Manila journalists at his residence, according to a report by the Business World newspaper.

    The ambassador expressed hope that some specialized Canadian businesses can participate in the government’s big push to develop the country’s infrastructure.

    “The subcontracting in areas of safety, security, engineering, these kinds of things,” he said, adding that Canada has investment pools that can be tapped.

    Holmes has previously been posted to Asia, having served as Ambassador to Indonesia, with concurrent accreditation to Timor-Leste and ASEAN (Association of Southeast Asian Nations).

     

    Prior to his arrival in Manila last year, he headed the Canadian Embassy in Ankara, Turkey.

     

    Canada is the Philippines’ sixth top partner for development assistance and a major trading partner.

     

    Holmes said he welcomes more immigration to Canada, the Business World reported.

     

    “We want to see more Filipinos going to school in Canada, graduate, stay in Canada a couple of years, help our economy and then come back and help Filipinos,” said Holmes.

    Close to 700,000 Filipinos are currently working and living in Canada.

    Canadian Ambassador to the Philippines John T. Holmes.

    Senior Trade Commissioner of the Embassy of Canada Michel R. Belanger said Canada would like to increase bilateral trade between the two countries and might be pursuing a free trade agreement (FTA) with the Philippines sometime in the future.

    “First step, we’re looking at ASEAN, but I’m sure that afterwards we’ll look at other opportunities and given that there was an interest with the Philippines and given that there’s a large Filipino (population) in Canada, I’m sure that we’ll look at a free trade agreement with the Philippines,” said Belanger.

    Canada is currently trying to forge an FTA with the ASEAN.

    Bilateral trade between the two countries now amounts to $2.2 billion, according to Belanger in the Business World report.

     

    Canada exports to the Philippines mainly agricultural goods such as wheat, pork and beef. It imports Philippine electronic products.

     

    Share

    New Posts Recently publish post More

    • 19 January 2019
      2 hours ago No comment

      Overweight Filipino boxer Jhack Tepora fails to make Pacquiao-Broner undercard

      LAS VEGAS – Tinimbang pero sobra. Jhack Tepora came to the weigh-in with extra pounds, and the pride of Cebu paid for it dearly. Tepora was stripped of his interim WBA featherweight belt after failing to make 126-pound weight limit on Friday (January 18). Tepora was also disqualified from ...

    • 18 January 2019
      1 day ago No comment

      4 Pinoy boxers fight in undercard matches in Pacquiao-Broner brawl

      LAS VEGAS – Manny Pacquiao isn’t the only fighter who will carry the Philippine colours on Saturday (January 19). Four Filipino sluggers will also enter the ring at the MGM Grand Garden Arena in their own quests for boxing glory. One of them is WBA interim-featherweight champion Jhack Tepora. ...

    • 17 January 2019
      2 days ago No comment

      AWARD-WINNING FILIPINA POP SINGER FROM JAPAN, ANALYN ALMERINO, TO PERFORM IN RICHMOND ON FEB 9:YOUR CHANCE TO WIN FREE TICKETS

      Analyn Almerino is just 19, but she has already taken first place in two nationally televised singing competitions in Japan. On Feb 9, she will be giving a solo concert in her North American debut, at the Cultural Centre in Richmond, BC. Born in the Philippines, Analyn’s family moved ...

    • 17 January 2019
      2 days ago No comment

      Brillante Mendoza’s acclaimed ‘Alpha’ arrives in cinemas

      The “Alpha” team, led by Mendoza and actors Allen Dizon, Elijah Filamor, and Baron Geisler, came in full force to support the film that had brought honor to our country in international film festivals. FDCP Chairperson Liza Dino, Solar Entertainment General Manager Butch Ibanez, SM Cinema VP for Corporate ...

    • 17 January 2019
      2 days ago No comment

      Pacquiao in emotional homecoming fight in Las Vegas’ MGM Grand

      LAS VEGAS. It will always be the MGM Grand for Emmanuel ‘Manny’ Pacquiao. In his first fight in the U.S. since 2016, Pacquiao will enter the ring at the Garden Arena of Las Vegas’ MGM Grand, where he fought his first professional fight in the U.S. “It’s nice to ...

    %d bloggers like this: