The British have landed! A total of 50 British companies set to explore Davao By ANTONIO FIGUEROA
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HE news that 50 British companies are coming to Davao to explore possible business expansion plans had added another feather to the glowing international reviews the city has received as an attractive investment destination.
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EDGEDAVAO
VOL. 9 ISSUE 288 • FRIDAY - SATURDAY, MARCH 31 - APRIL 1, 2017
www.edgedavao.net
Serving a seamless society
EXPLORING OPPORTUNITIES. British Ambassador to the Philippines Asif Ahmad and Damosa Land, Inc. vice president Ricardo “Cary” Lagdameo listen to the Investment Climate and Business Opportunities in Davao City presentation during the sector briefing and business networking lunch for the British company executives held at SGV seminar room, Topaz Tower in Lanang, Davao City on Thrusday morning. Lean Daval Jr.
Among those that have shown interest in the region’s favorable business climate are British companies with branches in Manila, such as Unilever, Hongkong Shanghai Banking Corporation (HSBC), Standard Chartered, PruLife, De La Rue, GlaxoSmithKline, AstraZeneca, Diageo, G4S, Arup, JCB, Atkins, Lloyd’s and Intertek, to name a few. In business, Davao trade links with the United Kingdom was braced in 2014 when the Board of Investments approved the location of Cybercity Teleservices (Phils.), Inc., a 99% British company, a ‘new export services provider’, in the city. The new business process outsourcing (BPO) investment cost PhP119 million and opened over 2,000 job placements. According to Ahsif Ahmad, the British envoy to the Philippines, bilateral relations between the two countries have achieved positive growth in 2015, citing the total exports of goods and services to the country hitting £628 million, a 28 percent rise from the previous year, mostly in electrical machinery, pharmaceuticals, industrial machinery and equipment, road vehicles,
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NO FALLOUT UK envoy to RP: Brexit will not affect RP-UK economic relations
By JERMAINE L. DELA CRUZ
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RITISH Ambassador to the Philippines Asif Ahmad assured on Thursday the economic relations of Britain and Philippines will not be affected despite the firming up of the document that officially signified his country’s withdrawal from European Union.
As part of its two-day trade and investment mission in Davao City, the British Chamber of Commerce Philippines headed a sector briefing and
business networking lunch at SGV Seminar Hall, Topaz Tower, Damosa District Davao City, gathering more than 50 delegates across industries.
Gracing the event, Ahmad said that with ‘Brexit’ (British exit), the country will be a lot easier to be accessed by po-
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