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Trade USec Ceferino S. Rodolfo, (in blue barong) pose after the meeting with Polyard Petroleum International Group Limited along with (from left): Trade Attache to HK Roberto B. Mabalot, Jr., BOI Director Ernesto C. Delos Reyes, Jr., Polyard representative Iya Chen |
Hong Kong and Chinese companies have expressed interest in investing in the country’s logistics, renewable energy, electric vehicle, textile, telecommunication and financial sectors, according to the Philippine Trade and Investment Center – Hong Kong (PTIC-HK), the country’s trade and investment promotion arm in Hong Kong and Macau.
The announcement came after a series of meetings conducted
by a Philippine panel led by Department of Trade and Industry Undersecretary Dr.
Ceferino S. Rodolfo, with Hong Kong firms, business organizations, as well as Hong
Kong’s commerce and economic officials last Sept 12-13, as part of the (DTI)
and Board of Investments (BOI) mission to China in 2024.
Dr. Rodolfo, who also sits as BOI vice chairman, was supported by Trade Attache Roberto B. Mabalot, Jr., trade assistant Wilson Wong, BOI director for investment assistance service Ernesto C. Delos Reyes, Jr..
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PTIC-HK said the panel met with executives of firms such as HGC
Global Communications, Polyard Petroleum International Group Limited, SF
Express, China Harmony Auto Holding Limited, Luen Thai Group, and the Bank of
China.
One of these companies, HGC, has made significant inroads in
the Philippines, partnering with major Philippine operators to install underground
and overhead fiber optic networks across Luzon, using the advanced Horizontal
Directional Drilling (HDD) technology.
HGC is also involved in the deployment of Optical Ground
Wire (OPGW) solutions in Mindanao, further expanding its reach and enhancing
the telecommunications infrastructure in the region.
Its accomplishments include:
- Rollout of more than 1,500km fibre optic asset in 1H2024,
and still expanding;
- Installation of over 6,000 strategic access points
(manholes), and still expanding;
- Network covers key corporate and residential areas, as well
as unserved and underserved locations.
PTIC-HK said Dr. Rodolfo also met with Algernon Yau, secretary
of the HK Commerce and Economic Development Bureau, the agency responsible for
the territory’s external commercial relations, to discuss investment and trade
between Hong Kong SAR and the Philippines.
They also explored the possibility of establishing a Joint
Economic Committee which would help strengthen trade and investment relations
between Hong Kong and the Philippines.
Dr. Rodolfo further engaged with representatives from the
Hong Kong General Chamber of Commerce (HKGCC), one of the oldest and largest
business organizations in Hong Kong.
These meetings aimed to enhance and strengthen the economic
ties between the Philippines and Hong Kong, PTIC-HK said.
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