Canadian investors look for business opportunities in the Philippines

  • Page Views 1944
  • 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

    • 28 July 2022
      2 weeks ago No comment

      BBM states in SONA: “We will endure”

      President Ferdinand “Bongbong” Marcos Jr. struck a hopeful note in his first State of the Nation Address or SONA on July 25, 2022. Marcos delivered his speech before a joint session of Congress, with Senate President Juan Miguel Zubiri and House of Representatives Speaker Martin Romualdez behind him. “We ...

    • 28 July 2022
      2 weeks ago No comment

      Tips to Stay Cool and Safe During Extreme Heat

      Surrey, BC – With warmer than average temperatures arriving, the City of Surrey is reminding residents to take the necessary steps to stay safe in extreme heat, how to spot the signs of heat exhaustion, and where to find public pools, spray parks and air-conditioned civic facilities for heat ...

    • 21 July 2022
      3 weeks ago No comment

      Ed Lantin exhibit, Buto-Buto play showcase Filipino artistry in Vancouver

      Filipino artistry is once again in full display in Vancouver with two shows, and the Philippine Consulate General is at the forefront of promoting these events. One is the Edgardo Lantin Art Exhibit, and the second, a theatrical production titled “Buto/Buto: Bones are Seeds”. The Lantin art exhibit and ...

    • 14 July 2022
      1 month ago No comment

      “Heaven Can Wait”: ART ALAFRIZ

      To all of you who have shared my 84 year journey through life no matter how brief, I thank you for being part of it as every moment adds spice and color to a life I consider well lived. LIVING WITH CANCER June 16, 2022 at the Surrey Memorial ...

    • 07 July 2022
      1 month ago No comment

      88 Supermarket Celebrates Canada Day

      88 Supermarket celebrated Canada Day by giving away gift certificates and prizes plus a 2022 Mitsubishi RVR for their annual raffle. Present for the raffle was 88 Supermarket President and CEO Ken Chau, and General Manager Khalil Qureshi as well as James Green of Mitsubishi and Rey Fortaleza, official ...

    %d bloggers like this: