PHILIPPINE INVESTMENTS OPPORTUNITIES PRESENTED AT THE SHANGHAI NEW ORIENTAL ENTREPRENEUR CENTURY FORUM

18 January 2008 - Philippine Consul General to Shanghai Maria Rowena Mendoza gave a presentation on investing in the Philippines during the New Oriental Entrepreneur Century Forum (NOECF) on 16 January 2008 at the International Conference Center of the Shanghai Hall of Science.

The NOECF is an annual gathering of about 500 Shanghai businessmen where the Top 100 New Shanghai Businessmen List is announced. The NOECF is organized by the Shanghai Municipal Association of Scientific and Technological Enterprises, Shanghai International Cooperation Society for Small and Medium Sized Enterprises, Shanghai Overseas Chinese Chamber of Commerce, Shanghai Municipal Association for Taiwan Businessmen, Promotion of Industry and Commerce for Worldwide Chinese and Shanghai Export Enterprises Association. It is co-sponsored by the Chinese Association for CEOs, Chinese Female Entrepreneurs’ Development Forum and the Elites’ Club.

During the forum, Consul General Sanchez met with several Chinese businessmen who indicated their interest to invest in the Philippines. Citing the visit of Her Excellency Gloria Macapagal Arroyo in Shanghai in October 2007 as a catalyst, these businessmen informed the Consul General that they are looking to invest in the following: shopping mall, metal factory, feeds factory as well as in tourism.

The Consulate General in Shanghai will be conducting trade, investment and tourism promotion activities in Zhejiang, Anhui, Jiangsu and Hubei provinces where there are also interest on the Philippines signified by various sectors in the coming months. END

/wingret

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