The investment bankers based from
Malaysia considering expanding its presence in Philippines, which was deemed as
ideal investment destination in Asean given a stellar performance of local
economy.
Malaysian investment bankers, in a
two—day visit said that their interest was buoyed by the steady growth of Philippine
economy, the “Philippine economy will remain strong in the next two years.”
“The Philippine economic condition
is likely to moderate, but will stay strong near its potential growth of about
6 percent. It may remain as one of the fastest-growing country in the region in
the next one to two years,” Ahmad quoted a statement issued by Trade
Office of Malaysian Embassy.
The higher financial institutions
had stakes were looking at Philippines for prospective investment opportunities
in a certain sectors including agriculture retail and food.
The group was looking at “massive
untapped potential of Mindanao, mainly in agriculture supply chain.” Nyaee
Ayup the Matrade Manila Commissioner added that there were Malaysian investors
who were keen conducting oil and gas explorations in Philippines.
Malaysian government sought a
closer economic tie and increased bilateral trade and investments with Philippines.
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