Gov’t seeks investors in Singapore Airshow

Gov’t seeks investors in Singapore Airshow

/ 05:12 AM February 04, 2024

The government is seeking more investments in the country’s aviation industry to help make the Philippines a travel and commercial trading hub in the Asia-Pacific region and a jump-off point to North America, a senior official of the Department of Transportation said on Friday.

In a press briefing for the country’s participation in the Singapore Airshow that will be held on Feb. 20 to Feb. 25, Transportation Undersecretary for Aviation and Airports Roberto Lim said the strengths and opportunities of Philippine aviation industry were vital to opening the country to international aviation.

Citing Republic Act No. 11659, or the amended Public Service Act, Lim said the Philippines was open to foreign investments, including airports, which may now be owned 100-percent by a foreign entity.


READ: Singapore firm pledges P11-B investment in PH


Transportation Secretary Jaime Bautista will lead the country’s participation in the Singapore Air show through the Philippine Pavillon.

Renowned as Asia’s premier international aerospace and defense exhibition, the Singapore Air show serves as a pivotal platform for industry stakeholders to build strategic alliances and drive transformative changes within the global aviation landscape. —JEROME ANING

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TAGS: Investment, Singapore

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