Finance Secretary Recto Courts UK Investors For Philippine Opportunities

Finance Secretary Ralph G. Recto led a Philippine delegation to London, engaging prominent British firms to consider the Philippines for their next growth market.

The delegation’s engagements highlight the Philippines’ readiness to welcome high-value foreign investments in key sectors. I Photo: Department of Finance Facebook

Among the companies involved were Actis, BP Plc, Global Infrastructure Partners, InvestCorp, Alexander Mann Solutions, and Revolut. Meetings were also held with the British International Investment and the UK ASEAN Business Council.

“We are confident our discussions emphasized the predictability, stability, profitability, and sustainability of doing business in the Philippines,” Recto said.

“These partnerships will not only be profitable for investors but will also support the Philippines in reducing poverty and securing a brighter future for all Filipinos.”

Actis, an investment firm focusing on private equity, energy, infrastructure, and real estate, recently invested USD 600 million for a 40% stake in Meralco’s Solar Philippines New Energy Corp., aiming to build Terra Solar, the world’s largest integrated renewable energy and storage project.

This investment is the largest foreign direct investment in greenfield infrastructure in the Philippines.

BP Plc, a global energy giant, operates Castrol in the Philippines, distributing high-performance automotive lubricants. The delegation’s engagements highlight the Philippines’ readiness to welcome high-value foreign investments in key sectors.