A seminar on Philippine food and agriculture investment opportunities was recently organized by The Global Filipino Investors (TGFI) Singapore community. The event brought together Filipinos working in the city-state who are interested in putting up their own agricultural businesses.
Philippine Trade & Investment Centre(PTIC)–Singapore Commercial Counsellor Glenn Peñaranda was invited to present on business opportunities in agribusiness. He highlighted that Agriculture/Agribusiness and Fisheries is one of the preferred investment sectors in the Philippine Investment Priorities Plan (IPP) and that its continued growth and development is important in promoting inclusive economic growth. Many Filipinos who work overseas come from agricultural areas and have strong interest in opportunities in this sector.
Commercial Counsellor Peñaranda also discussed food trends in the Philippines, mentioning that food is the biggest part of the Filipino household consumption and presents many opportunities. He also discussed the increased foreign interest in sourcing food from the Philippines and the challenges in meeting demand, thus the importance of increasing supply of many food items.Continue reading