More German investors keen on doing business, expand presence in PHL

More German investors keen on doing business, expand presence in PHL
By Leslie D. Venzon

MANILA (Philippines News Agency) — More German companies are considering establishing or expanding presence in the Philippines, encouraged mainly by its growing economy and English speaking workforce.

Dr. Bodo Goerlich, President of the German-Philippine Chamber of Commerce and Industry (GPCCI), said in an interview that German firms were interested in Philippine electronics and car parts manufacturing.

As more companies are looking into the Southeast Asian, Goerlich believed that the Philippines had competitive advantage against other countries in the region due to its young and educated English speaking workforce, and lower production and labor costs.

“These are very competitive that’s why a lot of companies who have to build car parts (and) need very high safety and quality levels, they are producing here in the Philippines,” he said. “The Philippines is competitive at the moment, it is growing at the moment.”

To attract more investments, Goerlich urged the Philippine government to allow for competitive markets, create an environment conducive to foreign investments and focus on infrastructure development.

Meanwhile, the GPCCI is presenting its trademark event, Mabuhay Germany™ promoting a wide range of German businesses and organizations in the country.

Mabuhay Germany™ that will take place on Feb. 18 to 19 at Bonifacio High Street Central, Bonifacio Global City has three main components – job fair, trade exhibition and car show.

The job fair will be a venue for German companies to hire on-site from the Filipino talent pool. GPCCI is partnering with Kalibrr, a job-matching online platform for job-seekers and companies.

Companies like Lufthansa, Allianz-PNB and Bayer Philippines will present their businesses and their exciting career opportunities on the job fair stage.

Dr. Andree Buhl, commercial counsellor at German Embassy, said the job fair mainly provides opportunities for healthcare professionals.

Buhl said Germany would need 150,000 to 200,000 nurses over the next 10 years.

The trade exhibition, on the other hand, will feature companies engaged in consumer goods, automotive supplies, electronics and more.

The car exhibition will showcase the latest models of the top German car manufacturers, namely Volkswagen, BMW and Mercedes Benz. (PNA)


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