Officials launch business and trade program at LA Consulate to spark investments

LOS ANGELES — Business owners unite as the Philippine Trade and Investment Center and the Philippine Consuate launched “Trabaho, Negosyo, Kabuhayan,” encouraging entrepreneurs to consider investing in the Philippines.

“We have a vast resource from the Filipino community as overseas Filipino investors, and we all can contribute in terms of elevating and pushing the economic growth that we are experiencing now,” said Celynne Layug.

While some of the economic factors have pointed towards growth in the Philippines, Layug says there are many factors that make Philippine investments appealing.

“We have the talent pool, second we have a huge consumer market, young demographic that is again an opportunity.”

The DTI launched the initiative with a panel discussion, giving some business owners a chance to share their experiences and successe both when it came to bringing businesses from the US to the Philippines, as well as introducing Philippine brands to the US mainstream market.

The program plans to hold more forums and seminars, while keeping offices in the Los Angeles consulate, where they hope to connect US-based investors with opportunities in the Philippines.

The Federation of Fil-Am Chambers will have chance to explore the business opportunities later this year, when a delegation heads to the Philippines for trade and humanitarian missions in October.

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