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Foreign Direct Investment(FDI)
Transcript of Foreign Direct Investment(FDI)
Investment 1) Japan
3) South Korea
4) Hong Kong
6) United Kingdom
10) Netherlands Approve FDI by country Approve FDI by Industry 1) Manufacturing
2) Finance & Real Estate
3) Service Blk-6, Lot-3, 5th street, First Cavite Industrial Estates Langkaan,
Dasmarinas, Cavite, Philippines ZIP-CODE 4126 Since April 24, 2004 (Philippines) “Through my past experience of working in 17 countries’ people, Filipinos are the best to work together with the Japanese. They are always with a bright smile, hospitable, obedient, hard working, and loyal.“
President & CEO, Maeno Giken Inc. Manufacture iron, steel, and stainless steel products. Foreign Direct Investment
(FDI) in the Philippines MGK - Maeno Giken Inc. Summary INTERNATIONAL
BUSINESS Prof.Gang Seok Min Cristina Haveria Monroy
1401422 Total Approved Foreign Direct Investments 2004-2009 PEZA (attached to the Department of Trade and Industry) - is the Philippine government agency tasked to promote investments, extend assistance, register, grant incentives to and facilitate the business operations of investors in export-oriented manufacturing and service facilities inside the "selected areas" throughout the country proclaimed by the "President of the Philippines" as PEZA Special Economic Zones. PEZA: Philippine Economic Zone Authority PEZA Operating Zone 5 main reasons why foreign investors are investing in the Philippines SUMMARY WORKFORCE LANGUAGE BUSINESS-FRIENDLY
POLICIES STRATEGIC LOCATION VERY HOSPITABLE
& COMFORTABLE Literate, easy to train, hardworking, skillful, talented, and friendly. "We are highly satisfied with Filipino workers who are very bright, obedient, aggressive, cooperative, and render holiday work."
Toshiyo Miyabe, President, Nidec Philippines Corporation “Their productivity is good. They are very friendly.”
Naoki Shiraishi, President, Yutaka Manufacturing “Filipino craftsmanship blended with Japanese technology can build world class vessels equal in quality to the best in the world.”
Osamu Kambara, Owner, Tsuneishi Heavy Industries (Japan), Inc. English language proficiency “90% of our employees speak very good English, from the manager, down to the supervisor, and to the operator level.”
Yutaka Matsumoto, Nidec EVP “Filipino workers have fast learning curves because of two things – their English language proficiency and their being better educated.”
Virginia Melba Cuyahon, Former Country Manager, NXP Semiconductors Cabuyao, Inc. •100% Foreign Ownership of Companies
•Basic rights of Investors are guaranteed
(right to remit profits and pay foreign obligations, right to repatriate investments)
•Simplified investment procedures •Very friendly attitude of Filipino towards foreigners
•Housing closest to meeting western standards at
very reasonable rental rates
•Best sporting and recreational facilities
(Many world-class golf courses)
•World-class health care services PHILIPPINES OUTLINE 5 main reasons why foreign investors are investing in the Philippines