British businessmen bullish on RP
MECO-Information Center
February 3, 2008

The United Kingdom Ambassador to the Philippines Peter Beckingham said on Wednewsday that British businessmen remain bullish on the Philippines due to its strong economic fundamentals.

In his message during the inauguration of the Balfour Beatty Over Head Transmission Line (OHTL) Training Center at the Carmelray Industrial Park in Laguna, the British ambassador cited the Philippinesˇ¦ economic growth as the reason more British companies are pouring their money into the country.

He also said that this is also the reason why ''it is no surprise Britain takes the Philippines seriously.''

The ambassador said a British company involved in oil exploration in the country and listed at the Philippine Stock Exchange would also establish a training center in the country by December this year.

He added that by March or April 2008, a British engineering company which operates in India would relocate to the Philippines.

"That demonstrates we mean business here," Beckingham said as he informed the President that the British Minister of Trade would visit Manila in October to "see the extent of British investment in the Philippines."

"This demonstrates so clearly the bonds our two countries have," he added as he thanked the President "for gracing this historic event." (JANUARY 30, 2008 | FOREIGN INVESTMENT)