PHILIPPINE Ambassador to the UK Antonio M. Lagdameo said British firms “cannot ignore” Southeast Asia’s big plans for infrastructure, and welcomed in particular UK expertise in the transportation industry for the Philippines.
Mr. Lagdameo made these remarks to British businesses during the UK-ASEAN Business Council (UKABC) Sizzling Southeast Asia Roadshow at the University of Warwick in Coventry on Oct. 10, according to a statement issued by the Philippine Embassy in the UK on Wednesday.
“The prospects and potential in ASEAN simply cannot be ignored. Many multinational companies are expanding in ASEAN, attracted by the region’s market potential,” he said.
“The Philippines, for instance, has embarked on an ambitious infrastructure program called ‘Build, Build, Build’…. British expertise in transportation and public works would definitely be welcomed by proponents of this program,” he added.
Mr. Lagdameo, who also chairs the ASEAN London Committee (ALC), also cited ASEAN’s growth potential, the ASEAN Economic Community, and the UK’s longstanding economic ties with member states.
He said “strong support systems” are in place in ASEAN member states to aid businesses planning to expand their operations and investment portfolios in the region.
“Should there be anything we can help you with, all you need to do is ask. I encourage everyone to take advantage of today’s opportunities to engage with ASEAN,” Mr. Lagdameo said.
According to the Philippine Embassy, the road show is a round table event organized by the UKABC to showcase ASEAN as an attractive investment destination for British businesses based in the West Midlands. — Camille A. Aguinaldo