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.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Red flags of the Maharlika Investment Fund - BusinessWorld OnlineThe Maharlika Investment Fund has been the subject of much controversy after its swift passage in the House of Representatives. House Bill (HB) No. 6608 seeks to establish an independent fund which the government can use to make strategic investments, or what is more commonly called a “sovereign wealth fund.” While it is easy to […]
Source: bworldph - 🏆 9. / 68 Read more »