Swiss trade mission captures $25M in investments

The Board of Investments (BOI) on Wednesday said Swiss firms have committed to invest $24.7 million during the trade mission in Switzerland earlier this month, fueling this years early wave of investments flows into the country.

In a statement, the investment promotion agency said this was the initial figure generated from the business meetings that it had arranged with the Philippine Trade Investment Center in Geneva, Bern and Zug, Switzerland earlier this month.

Things are looking up for the Philippines as more Swiss firms have expressed their interest in investing in the country during the investment mission to Switzerland, said Trade Undersecretary and BOI head Ceferino Rodolfo, who had met with company executives from Swiss firms Glencore, Naturloop, OVD Kinegram and Sateco AG during the trade mission.