The Philippines is stepping up efforts to position itself as a top destination for investments in waste-to-energy and renewable energy, banking on strong government support and a “red carpet, not red tape” policy for foreign firms.
In a recent high-level virtual meeting, the Asian Consulting Group (ACG) collaborated with the Philippine Economic Zone Authority (PEZA), the Philippine Trade and Investment Center (PTIC) Bangkok, and a Thailand-based firm to promote strategic investment opportunities in the Philippines’ growing sustainable energy sector.
Commercial Counselor Ella Burgos of PTIC Bangkok opened the session by providing an overview of the company, setting the tone for the discussion on expanding Thai investments into the Philippines. Potential Thai investors presented their plans to establish operations in the country, signaling strong interest in the opportunities available.
PEZA Director General Theo Panga welcomed the interest and pledged full support, offering to link investors with potential local partners and guide them toward viable ecozone locations.
Joining the session were ACG President and COO Hazel Mendoza and PEZA Chief of Staff Ton Melendres. ACG’s Chief Tax Advisor Mon Abrea, facilitating the meeting remotely from Washington DC, emphasized the initiative’s global reach and commitment.
“At ACG, we are proud to work alongside the Philippine government, especially the Department of Trade and Industry (DTI) through the PTIC and PEZA and other investment promotion agencies to foster a business environment where foreign investors experience red carpet treatment, not red tape,” Abrea said.
He added, “Building on this momentum, we look forward to our joint investment mission in London with British companies this June 23–27, as we continue promoting the Philippines as a premier and sustainable investment destination.”
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