ThomasLloyd Group Favors Philippines As Investment Destination

Among other Asian countries, the Philippines is a favored investment destination of ThomasLLoyd Group, a leading global investment and advisory company, focusing on the infrastructure sector particularly on renewable energy generation.

Micheal Sieg, chairman ThomasLloyd Group, during the inauguration of two solar power plant projects and groundbreaking of a biomass facility – all funded by the group, told reporters here that from a cultural standpoint, they find the Philippines closest to both Europe and the Western World compared to other destinations in Asia.

“For sure, it’s the overall safety of the country (PH) compared to other parts of Asia where revolution, terrorism and other threats are an issue,” Sieg said when asked why choosing the country for their multi-billion peso investments.

Sieg also enumerated among others, the country’s over-all welcoming and positive investment climate; fast support from government agencies, both on the national and the local levels; quick decision making process and relatively straight (corruption-free) processes.

“These are some of the points that make us prioritizing the Philippines above other destinations in Asia,” Sieg added.

Although, Sieg is also bullish about the Asian market in general, where the Philippines plays a significant role, particularly on the renewable sector compared to Western economies as well as Middle East and Africa

“We will see what the elections will bring in a couple of months but we are seeing a stable environment from the next government to remain and sustain the track of renewable and sustainable energy production in the country especially to replace coal or fuel based energy sources,” Sieg added.*(JCM/EAD-PIA6 Negros Occidental)