Philippine Consul General in Shanghai Dinno M. Oblena participated in the 2024 Hangzhou Belt and Road Countries Business Matching Seminar held on 29 May 2024 in Hangzhou, Zhejiang Province and highlighted significant advantages and business opportunities that the Philippines offers for companies in Hangzhou that are looking to expand their operations.

Organized by relevant institutions of the Hangzhou Municipal Government, the event brought together participating Consulates General in Shanghai and representatives from more than a hundred business enterprises based in Hangzhou and Zhejiang Province in an afternoon of presentations on opportunities for enhancing bilateral economic cooperation.

In his speech at the event, Consul General Oblena stated that the Philippines has a solid macroeconomic foundation and is among the fastest growing economies in Asia. With its growing population, he mentioned that the country offers a large market that can be tapped, favorable demographics with a young population, and a globally competitive work force. The Philippines, he added, has abundant resources such as fruits and seafood as well as green metals which are crucial in green energy. Apart from enhancing infrastructure and connectivity through the "Build, Better, More" program, the country has actively taken action to create a conducive business environment through the passage of legislation that encourages foreign direct investment.

The event was attended by ranking officials of the Hangzhou Municipal Government, including Chairman Ma Weiguang of the Chinese People’s Political Consultative Conference Hangzhou Committee and Deputy Mayor Xu Weihua. END