'Filipinos are the best link to boost PH trade': Philippines opens economy wider to foreign, OFW investors

Australia continues to show strong interest in investing in the Philippines, particularly in the fields of mining and renewable energy. Under the strengthened economic ties between the two countries, Mon Abrea, Chief Tax Advisor of the Asian Consulting Group, identified opportunities for those who wish to invest.

Philippines opens economy wider to foreign investors, focused on resources, infrastructure, and green energy.

Key Points

• According to the Australian Embassy in Manila, Australian companies are currently exploring opportunities in the mining of nickel, copper, and rare earth elements—key components in the production of electric vehicles and renewable energy technologies.
• The Philippines is encouraging Filipinos abroad to invest in opportunities such as real estate and stocks.
• The 17% tariff imposed by the United States on Philippine goods has posed a significant challenge to local exporters. However, economic experts see this as a turning point for the Philippines to recalibrate its long-term trade strategy.

Pakinggan ang podcast

Renewable energy, mining, at digitisation sa Pilipinas, patok sa Australian investors

SBS Filipino

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