PBBC Members from left to right: Former British Ambassador to the Philippines Paul Dimond, David H. Bill, Rowena Romulo, Dr. Gabriella Tuason Quimson, Chairman Joseph Miro, Melissa Dizon, representatives from the UK’s Department for Business and Trade Priya Soni and John Williams, and Alistair M. Fulton, taken at the Philippine Embassy in London during their May 2024 meeting.
As the Philippine-British Business Council (PBBC) moves towards our 30th anniversary, under our new London Chairman Joseph Miro the background for the further development of bilateral trade and direct investment opportunities for both countries has never been stronger. The value of UK exports to the Philippines in the four quarters to the end of Q3 2023 was £1.3 billion (+16%), with imports of £1.7 billion (+22%). Services contributed about 40% of the former. UK outward direct investment to the Philippines in 2021 reached £449 million. In recent years, cases of inward direct investment have also grown.
In 2024, we have welcomed among others as members of the PBBC London Dr Gabriella Tuason Quimson and Mr Stephen Philips. Dr Quimson is a governance and anti-corruption specialist. Her father was Philippine Ambassador to the Court of St James’s in the 1980s. She has long experience in the UK and holds both Filipino and British citizenships, dividing her time between the two countries. Mr Philips was appointed Senior Adviser at BDO Unibank in January 2024, in a long career focused on cross-border trade, investment and finance in Asia. Before his appointment as Chief Executive of the China-Britain Business Council in 2006, he had been International Trade Director of UK Trade and Investment in the British Government.
As a business-led apolitical body, the PBBC works closely with both Governments’ trade and investment Departments, with much non-financial support from the Philippine Embassy in London and the British Embassy and the British Chamber of Commerce of the Philippines in Manila. Individual PBBC members (all volunteers) have cumulative experience of trading conditions and contacts of well over 100 years. Unlike other surviving Business Councils, the PBBC itself has long adopted the policy of focus on those sectors offering the more obvious opportunities. These have included IT, agribusiness, energy and retail and we are currently aligning our focus with sectors identified by both Governments.
We offer a free service of advice in the UK to bona fide companies new to the market and are happy to hear from British firms interested in the Philippine market, whether diversifying from other ASEAN markets or completely new to the region, whether they wish to export products or services, find joint partners in the Philippines or invest there directly for longer-term market share. We are equally happy to hear from Philippine companies seeking partners in the UK or looking for direct investment opportunities.
All contacts should be directed to info@philippinebritish.com
Philippine-British Business Council
London
3 June 2024
Recent Comments