Thai companies to invest in Baguio » Manila Bulletin News



By Zaldy Comanda

BAGUIO CITY – Some officials of Thailand-based companies will be visiting the city next year to study the possibility of putting up their operations in the Loakan-based Philippine Economic Zone Authority (PEZA) within the Baguio-La Trinidad-Itogon-Sablan-Tuba-Tublay (BLISTT) area that will boost the influx of foreign investors to the said places.



This was confirmed by Mayor Mauricio Domogan who said Thailand Ambassador to the Philippines Tanathip Upraising told him during their recent meeting that officials of some Thailand-based companies have signified their willingness to visit the city anytime next year to assess the prevailing business environment and for them to consider putting up their future operations in the city or within the BLISTT area.

He said, “We consider the meeting with the Thai ambassador as fruitful because he committed that there will be officials of some Thailand-based companies who will be visiting our city anytime next year to study the possibility of establishing their operations either in the city or in suitable places within the BLISTT to help in generating jobs for our constituents and improving the economic activities and sources of livelihood of the people in the said places in the future.”

Domogan said the planned expansion of operation of Thailand-based companies in the city will definitely be a huge economic driver not only for the local economy but also for the country’s foreign direct investments considering the need to sustain the influx of investors that will contribute in uplifting the economic activities outside the National Capital Region (NCR).

The partnership of the local government and the Thai embassy was enhanced by the Philippines-Thailand Cultural Organization (PTCO) headed by Minda Pama, wife of former University of the Cordilleras (UC) president Ricardo Pama wherein the group was instrumental in bringing to the city the Thailand embassy officials and a 51-member Thai delegation who spent several days going around the country’s Summer Capital.

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