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| Working together to drive investments in the PH. In photo (L-R): Ed Francisco, BDO Capital & Investment Corporation President; Rahul Agrawal, Head of Energy for Southeast Asia at Actis; Wick Veloso, President and General Manager at the Government Service Insurance System; Jeffrey Manalo, Deputy Executive Director at the Public-Private Partnership Center of the Philippines; and Daniel Yu, Editor-in-Chief at The Asset pose for a group photo after the panel discussion at the 19th Philippine Summit with the theme: Seizing opportunities, sustaining growth. |
At the 19th Philippine Summit hosted by The Asset, Eduardo F. Francisco, President of BDO Capital & Investment Corporation, underscored the vast potential of the Philippine economy to thrive through strategic infrastructure investments, particularly in the energy sector.
Francisco highlighted the strong interest from foreign investors in the country, especially in large-scale energy projects. “Many foreign investors, like the French, some Canadians, the Japanese, and the Chinese, are coming here in the Philippines as engineers or consultants,” he said.
Offshore wind projects, in particular, are garnering significant attention. “We are talking to a lot of these groups for offshore wind. These are huge projects. It is fascinating,” he added. The increased openness in the energy sector and government efforts to streamline the regulatory process have created a favorable environment for large-scale investments.
Government initiatives aimed at infrastructure development have also been crucial in attracting foreign investments. Recent policy changes, including amendments to the Public Service Act and Renewable Energy Act, have facilitated greater foreign participation in key sectors like energy, telecommunications, and transportation.
“These reforms are making it easier for foreign companies to come in and invest in critical areas, such as renewable energy. The government is taking steps in the right direction,” Francisco commended.
These policy advancements align with broader objectives to enhance the ease of doing business, boost infrastructure, and promote energy security and sustainable development. With foreign investments and government support, the Philippines’ renewable energy sector is positioned as a pivotal driver for meeting future energy demands and spurring economic growth.
Francisco’s remarks at the summit highlighted growing confidence in the Philippines’ economic outlook and emphasized the importance of infrastructure, especially renewable energy, in achieving sustained growth.
As foreign investors deepen their engagement in the country’s expanding economy, BDO Capital is key in facilitating partnerships and securing funding for transformative projects, reinforcing trust in the investment landscape.
About BDO
BDO is a full-service universal bank that provides a wide range of corporate and retail services such as loan and deposit products, treasury, trust banking, investment banking, private banking, rural banking and microfinance, cash management, leasing and finance, remittance, life insurance, property and casualty insurance brokerage, cash cards, credit cards, and online and non-online stock brokerage services. BDO has the country’s largest distribution network, with over 1,700 consolidated operating branches and more than 5,500 teller machines nationwide. It also has 16 international offices (including full-service branches in Hong Kong and Singapore) in Asia, Europe, North America, and the Middle East. The Bank also offers digital banking solutions to make banking easier, faster, and more secure for its clients. BDO ranked as the largest bank in terms of total assets, loans, deposits, and trust funds under management based on published statements of condition as of March 31, 2024. For more information, please visit www.bdo.com.ph.
BDO is a full-service universal bank that provides a wide range of corporate and retail services such as loan and deposit products, treasury, trust banking, investment banking, private banking, rural banking and microfinance, cash management, leasing and finance, remittance, life insurance, property and casualty insurance brokerage, cash cards, credit cards, and online and non-online stock brokerage services. BDO has the country’s largest distribution network, with over 1,700 consolidated operating branches and more than 5,500 teller machines nationwide. It also has 16 international offices (including full-service branches in Hong Kong and Singapore) in Asia, Europe, North America, and the Middle East. The Bank also offers digital banking solutions to make banking easier, faster, and more secure for its clients. BDO ranked as the largest bank in terms of total assets, loans, deposits, and trust funds under management based on published statements of condition as of March 31, 2024. For more information, please visit www.bdo.com.ph.
BDO is regulated by the Bangko Sentral ng Pilipinas. www.bsp.gov.ph
For inquiries and concerns: Visit any BDO branch, contact us thru our 24x7 hotline (+632) 8888-0000, or email us at callcenter@bdo.com.ph.
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