Ｇｏｌｄｅｎ Ａｇｅ ｉｎ Ｐｈｉｌｉｐｐｉｎｅｓ ａｎｄ Ｃｈｉｎａ Ｒｅｌａｔｉｏｎｓ

The Philippine Government is offering the following investment areas for Chinese businessmen:

•Agribusiness – The Philippines has a thriving agribusiness sector which could only be more productive with the investment of advanced Chinese agricultural and processing technologies.

•Energy – Investments are encourage in the exploration and development of both traditional and new energy sources to fuel the needs of household and industrial users.

• Infrastructure – Major infrastructure projects consisting of roads, airports, ports, railroads and railways will be implemented over the next four years. Investments in power plants, transport systems, telecommunications and information technology are also welcome.

• Information and Communications Technology (ICT) – The Philippines has a booming ICT sector.Chinese businessmen are invited to explore offshoring and outsourcing opportunities in the various ICT areas where Chinese companies can leverage on the Philippines complementarities such as Customer Contact Centers, Business/Knowledge Process Outsourcing (BPO/KPO) and similar industries in this sector.

•Mass Housing – Investments in mass housing, particularly socialized and low cost housing categories

•Mining – The Philippines ranks among the top five in terms of mineral reserves for gold, copper and nickel.

•Motor Vehicles – Opportunities lie in the manufacture and assembly of motor vehicles such as passenger cars, commercial vehicles and motorcycles, as well as parts and components. The industry is composed mainly of assemblers and parts manufacturers.

• Tourism -The growing number of tourist arrivals also presents opportunities for Chinese businessmen to invest in hotels/room accommodations and other tourist facilities. The Philippine Department of Tourism projects a demand for 20,000 to 30,000 new rooms that would need to be constructed by 2010. Likewise, opportunities abound in air and ground transport systems (low cost carriers) to bring tourists to the Philippines and around the country.