PHILIPPINE Ambassador to Israel Nathaniel G. Imperial said Israeli firms have been invited to invest in the Philippines following a presentation on opportunities in the infrastructure sector.
In a statement issued last week by the Philippine Embassy, Mr. Imperial said he presented an overview of the Philippine business climate during the 1st Southeast Asia Forum organized by the Society for International Development (SID) — Israel on Oct. 31 in Tel Aviv.
Around 50 Israeli executives attended the forum, according to the Philippine Embassy.
“The Philippine economy has remained strong and stable in the last eight years, maintaining an average growth rate of more than 6%,” Mr. Imperial was quoted as saying.
“The current administration’s initiatives to improve the country’s infrastructure through the ‘Build, Build, Build’ Program are expected to improve mobility, connectivity and accessibility of Philippine products and services,” he added.
In a separate statement by the Philippine Embassy, former Israeli Deputy Prime Minister Silvan Shalom paid a courtesy call to Mr. Imperial and discussed possible Israeli investment to the Philippines, particularly in the energy sector.
“During the call, Mr. Shalom expressed that Israelis should now look at the investment opportunities offered by Philippines in sunshine industries such as the renewable energy sector,” the Embassy said.
Mr. Shalom was joined by SOL Global Solutions founding partners Alon Naor and Dor Sultan. The company is engaged in renewable and sustainable projects.
In September, President Rodrigo R. Duterte visited Israel upon the invitation of Prime Minster Benjamin Netanyahu. — Camille A. Aguinaldo
