Swiss roadshow generates $24.7M in investment commitments - BusinessWorld Online

THE Philippines obtained an initial $24.7 million in investment commitments during a recent Swiss roadshow, the Board of Investments said.

The BoI and the Philippine Trade Investment Center organized the investment mission on the sidelines of the Philippines — European Free Trade Association and the 5Philippines — Switzerland Joint Economic Committee meetings in Switzerland between Jan. 9 and 13. SATEGO AG committed to invest $9.7 million in a state-of-the-art production facility at the TECO Industrial Park in Pampanga, which is expected to be operational by 2024.“Multinational companies their interest in setting up for business in the country along with existing firms expanding their investment portfolios,” Trade Undersecretary Ceferino S. Rodolfo said.

The delegation also visited the facility of OVD Kinegram, based in Zug, Switzerland. The company designs and produces the Kinegram optical security system protecting government documents and banknotes.

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