Brunei eyes investment in the Philippines

Iloilo city
Click to enlarge

Brunei is showing interest in investing in the Philippines, namely in Iloilo, a province located in the Western Visayas region, it emerged after a visit by Brunei’s ambassador to the Philippines in Iloilo on January 25.

Ambassador Malai Hajah Halima Malai Yussof told Iloilo City mayor Jed Patrick Mabilog that she was impressed with the ongoing development strides of the city and particularly hinted investments in the field of education and food security.

Yussof also said that certain areas of cooperation maybe forged between Iloilo City and Brunei Darussalam as many overseas Filipino workers were there. She said that Brunei students may also opt to go to Iloilo City for their education, according to local media reports.

Mabilog said that the city has 10 universities and colleges that offer numerous degrees and is considered as the educational center in the Visayas and Mindanao. The city also hosts the John B. Lacson Maritime University as the only maritime education university in Southeast Asia.

Iloilo City is seen as a  strategic at the center of the Philippines, making it a hub for trade, commerce and industry. Its port facilities, telecommunications infrastructure and utilities have a major impact in attracting businesses and industries focused mainly in banking and finance, retail trading, and business process outsourcing, or BPO.

The local government has provided incentives to business in preferred investment areas, such as income tax holidays and free issuance of permits and licenses.



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[caption id="attachment_6684" align="alignleft" width="170"] Click to enlarge[/caption] Brunei is showing interest in investing in the Philippines, namely in Iloilo, a province located in the Western Visayas region, it emerged after a visit by Brunei's ambassador to the Philippines in Iloilo on January 25. Ambassador Malai Hajah Halima Malai Yussof told Iloilo City mayor Jed Patrick Mabilog that she was impressed with the ongoing development strides of the city and particularly hinted investments in the field of education and food security. Yussof also said that certain areas of cooperation maybe forged between Iloilo City and Brunei Darussalam as many overseas Filipino...

Iloilo city
Click to enlarge

Brunei is showing interest in investing in the Philippines, namely in Iloilo, a province located in the Western Visayas region, it emerged after a visit by Brunei’s ambassador to the Philippines in Iloilo on January 25.

Ambassador Malai Hajah Halima Malai Yussof told Iloilo City mayor Jed Patrick Mabilog that she was impressed with the ongoing development strides of the city and particularly hinted investments in the field of education and food security.

Yussof also said that certain areas of cooperation maybe forged between Iloilo City and Brunei Darussalam as many overseas Filipino workers were there. She said that Brunei students may also opt to go to Iloilo City for their education, according to local media reports.

Mabilog said that the city has 10 universities and colleges that offer numerous degrees and is considered as the educational center in the Visayas and Mindanao. The city also hosts the John B. Lacson Maritime University as the only maritime education university in Southeast Asia.

Iloilo City is seen as a  strategic at the center of the Philippines, making it a hub for trade, commerce and industry. Its port facilities, telecommunications infrastructure and utilities have a major impact in attracting businesses and industries focused mainly in banking and finance, retail trading, and business process outsourcing, or BPO.

The local government has provided incentives to business in preferred investment areas, such as income tax holidays and free issuance of permits and licenses.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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