Arthur Fuentes

Night street scene in Amsterdam, Netherlands. Art Fuentes, ABS-CBN News

Article (news)

Amsterdam, Netherlands

Benise Balaoing

ABS-CBN News

<div><span class="fr-img-caption fr-fic fr-dib" style="width:950px"><span class="fr-img-wrap"><img src="https://od2-image-api.abs-cbn.com/prod/editorImage/173812505493320250129040128_d1d7a446edba7da6e9937c66e114b96e4724a501ab8291cec41ff1f8f9a39ae1.jpg" style="width:950px" class="fr-fic fr-dib"/><span class="fr-inner" style="text-align:left">Night street scene in Amsterdam, Netherlands. <em>Art Fuentes, ABS-CBN News </em></span></span></span></div><p>MANILA -- Philippine economic managers met with Dutch investors in the Netherlands to encourage them to invest in the Philippines more.</p><p>In a statement, the Department of Finance (DOF) said it met with more than 30 Dutch leaders from the business and financial sectors. </p><p>Finance Undersecretary Domini Velasquez talked to the businessmen about the Philippine economic landscape, highlighting its large and dynamic consumer market, highly skilled labor force, and ongoing infrastructure development.</p><p>He also noted that the passage of the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) makes it easier to invest in the country.</p><div><a href="https://www.abs-cbn.com/business/2024/11/11/economic-team-hails-signing-of-create-more-act-1259" rel="noopener noreferrer" target="_blank">Marcos signing of CREATE MORE Act expected to boost investments</a></div><p>Monetary Board Member Rosalia de Leon, meanwhile, noted that the Bangko Sentral ng Pilipinas is modernizing the country&#x27;s payment system and its efforts to deepen the capital markets.</p><p>She added that there are efforts being made to remove the Philippines from the Financial Action Task Force (FATF) grey list.</p><div><a href="https://www.abs-cbn.com/news/business/2025/1/28/bsp-says-monitoring-rural-banks-that-are-acting-like-digital-banks-1530" rel="noopener noreferrer" target="_blank">BSP says monitoring rural banks that are acting like digital banks</a></div><div><a href="https://www.abs-cbn.com/news/business/2025/1/28/bsp-may-bring-down-reserve-requirement-ratio-to-5-percent-1232" rel="noopener noreferrer" target="_blank">BSP may bring down reserve requirement ratio to 5 percent this year: Remolona</a></div><p>The Netherlands has been the Philippines&#x27; second-largest trading partner and export market in Europe for the last five years.</p><p>It is also among the leading sources of foreign direct investments (FDIs) in the Philippines among European Union (EU) countries. The Netherlands likewise ranked first among the top sources of foreign investments approved by Philippine Investment Promotion Agencies (IPAs) over the past 12 years.</p><p>At present, there are about 130 Dutch companies operating in the Philippines, including ING Bank, Heineken International, TNT Express Worldwide Philippines, Royal Philips, and East-West Seed.</p><p>Together, they produce over $5 billion in export revenues and employ about 350,000 Filipinos. </p><div><strong>FROM THE ARCHIVES: </strong></div><div><span class="fr-video fr-deletable fr-fvc fr-dvb fr-draggable" contenteditable="false" draggable="true"><iframe width="640" height="360" src="https://www.youtube.com/embed/hNRhpski_Sw?&amp;ab_channel=ABS-CBNNewsautoplay=1&amp;wmode=opaque&amp;rel=0" frameBorder="0" allowfullscreen="" class="fr-draggable"></iframe></span><br/></div>

<p>Philippine economic managers met with Dutch investors in the Netherlands to encourage more of them to invest in the Philippines.</p>

Philippine economic managers met with Dutch investors in the Netherlands to encourage more of them to invest in the Philippines.

PH economic managers meet Dutch investors in the Netherlands

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PH economic managers meet Dutch investors in the Netherlands

Benise Balaoing,

ABS-CBN News

Published Jan 29, 2025 12:31 PM PHT

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Updated Jan 29, 2025 12:37 PM PHT

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