PH seen still attractive to foreign investors

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Despite the prolonged coronavirus pandemic, investors from Japan and Southeast Asia continue to scout for opportunities to set up new ventures in the Philippines, particularly through partnerships with local businesses.

This is according to Security Bank and MUFG Bank Ltd. (MUFG) of Japan, which jointly organized a business matching fair on July 14 to 16. The fair, which drew about 130 participants, is the third such event hosted in Manila by Security Bank and MUFG. It aims to strengthen business ties between the Philippines and other countries within the region through the MUFG network.

In this year’s fair, Security Bank and MUFG arranged 183 collaborative meetings to provide clients with an avenue to expand networks and grow their businesses despite the pandemic.

A total of 73 businesses from Japan, 33 from the Philippines, 20 from Thailand and Indonesia (through the MUFG network including strategic partnerships) participated, with several coming from the fast-moving consumer goods industry, retail sector and the food beverage industry.

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