DTI secures $1.53B in Australian investment commitments

The Department of Trade and Industry (DTI) has successfully secured $1.53 billion in Australian investment commitments through 12 business agreements signed during the Philippines Business Forum in Melbourne.

DTI Secretary Alfredo E. Pascual announced the significant investment deals during the forum, which was organized by the Australia-Philippine Business Council, the Philippine Australia Business Council, and the Australia-New Zealand Business Chamber.

The agreements span various key sectors including renewable energy, waste-to-energy technology, organic recycling, countryside housing, health technology and digital health services, and data center projects.

Pascual highlighted that these sectors represent the future direction of business engagements between the Philippines and Australia, serving as tangible results of investment promotion efforts.

He further emphasized that these investments will provide a strong foundation for sustained growth and mutually beneficial partnerships between the two nations moving forward.

The Philippines Business Forum was specifically organized to encourage and attract more Australian businesses to invest in the Philippines.