Presidential Communications Operations Office



  PIA Bldg, Visayas Ave, Diliman, Quezon City, Philippines
  Tuesday, 28 March 2017 News Before 1 Feb 2012. Click for Latest
Web PIA  
 
home
 
about
 
fotos
 
info
 
links
 
ncrr01carr02r03calmimr05r06r07r08r09r10r11r12r13
 << March 2017 >> 
S M T W T F S
1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31
Special News Editions:
English.Tagalog.Cebuano
Ilocano.Waray.Hiligaynon
Pangasinan.Other
PIA Specials:
NEW! Cabinet Officials
Jobs.Slides.Specials.Ads. Events.ASEAN.Multimedia
Visitors since 15 Feb 2011:
PIA News Archive:
English.Tagalog.Cebuano
Waray.Hiligaynon.Ilocano
Pangasinan.All
PIA Archive News Reader

PIA Press Release
2006/10/05

Despite airport issue, Germans are upbeat on Philippines

Quezon City (5 October) -- THE Philippines remains an attractive investment site for German businessmen despite the controversy surrounding the unfinished Terminal 3 of the Ninoy Aquino International Airport (NAIA-3), German Ambassador Axel Weishaupt said.

The business process outsourcing (BPO) and manufacturing industries are drawing the most interest from investors, Weishaupt said in an interview.

While he acknowledged that the NAIA-3 issue had “saddened” the business community in general, he said German businesses were still very much interested in the Philippines, especially in the light of the $60-million partial compensation to Philippine International Air Terminals Co. (PIATCo), the project contractor which was 30-percent owned by Germany’s Fraport AG.

Among the biggest German companies in the Philippines are Siemens and Teletek.

The electronics and medical equipment manufacturing sectors are also drawing strong interest from German investors, and the tourism industry benefits from German travelers, Weishaupt said.

He said thousands of German businessmen and professionals visit the Philippines every year for business or leisure. (PIA) [top]

|«  prev  next  »|
DAILY NEWS LIST:
»Congress seeks amendments to housing laws
»POEA bares 1,500 slots for job applicants to Korea
»BOP surplus seen to exceed $1.8-B
»DENR holds consultation to fight illegal logging
»Feature: San Isidro's "sikwate" goes commercial
»Komentaryo: Pagbibigay ng pondo, pangako ng DBM
»DepEd 8 administrators briefed on school-based monitoring for mastery learning
»Alpha Phi Omega cleans up General Santos Park
»Kraft Phil backs health education in Sarangani
»GenSan mayor alerts constituents on tropical storm Neneng
|«  prev  next  »|

Philippine Official Gazette | Office of the President | Presidential Communications Operations Office
For comments and feedback, please email PIA Newsdesk
Copyright © 2005 Philippine Information Agency
PIA Building, Visayas Avenue, Diliman, Quezon City 1101 Philippines