Qatar, Philippines to sign investment pact

Al Thani Aquino
Qatar’s Emir Sheikh Hamad bin Khalifa Al Thani (left) with Philippines president Benigno Aquino at a visit to Manila last year

The Gulf state of Qatar and the Philippines are close to signing a bilateral agreement for promotion and protection of investment that aims to boost investments between the two countries, according to a statement by Philippine Ambassador to Qatar, Crescente R Relacion.

During the visit of the Qatar’s Emir Sheikh Hamad bin Khalifa Al Thani to the Philippines last year, a number of memoranda of understanding were signed including one on investment which included a plan to establish a $1 billion  joint investment fund. With the signing af the agreement, this fund would now materialise, Relacion said.

It would assure both parties’ investments would be protected and thus encourage more investments from both sides, he added.

The Philippines have also opened a new embassy in Qatar’s capital Doha and have also set up a joint commission on labour matters, especially to discuss the issue of  the $400 minimum wage for household service workers in Qatar.

 



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

 

 

[caption id="attachment_7371" align="alignleft" width="240"] Qatar's Emir Sheikh Hamad bin Khalifa Al Thani (left) with Philippines president Benigno Aquino at a visit to Manila last year[/caption] The Gulf state of Qatar and the Philippines are close to signing a bilateral agreement for promotion and protection of investment that aims to boost investments between the two countries, according to a statement by Philippine Ambassador to Qatar, Crescente R Relacion. During the visit of the Qatar's Emir Sheikh Hamad bin Khalifa Al Thani to the Philippines last year, a number of memoranda of understanding were signed including one on investment which included a...

Al Thani Aquino
Qatar’s Emir Sheikh Hamad bin Khalifa Al Thani (left) with Philippines president Benigno Aquino at a visit to Manila last year

The Gulf state of Qatar and the Philippines are close to signing a bilateral agreement for promotion and protection of investment that aims to boost investments between the two countries, according to a statement by Philippine Ambassador to Qatar, Crescente R Relacion.

During the visit of the Qatar’s Emir Sheikh Hamad bin Khalifa Al Thani to the Philippines last year, a number of memoranda of understanding were signed including one on investment which included a plan to establish a $1 billion  joint investment fund. With the signing af the agreement, this fund would now materialise, Relacion said.

It would assure both parties’ investments would be protected and thus encourage more investments from both sides, he added.

The Philippines have also opened a new embassy in Qatar’s capital Doha and have also set up a joint commission on labour matters, especially to discuss the issue of  the $400 minimum wage for household service workers in Qatar.

 



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

 

 

NO COMMENTS

Leave a Reply