DTI pitching four potential retail investors in S. Korea

THE Department of Trade and Industry (DTI) said it plans to make a retail-industry investment pitch in South Korea this week.

“I am hoping to get investments in the retail sector,” Trade Secretary Ma. Cristina A. Roque told reporters late Monday, adding that the industry has only barriers to entry for foreigners and creates large numbers of jobs.

“We are going to meet four companies in retail,” she added, including new brands and restaurant businesses.

At the Philippine Economic Zone Authority (PEZA) 30^th Anniversary & Investors Recognition Night on Monday, Ms. Roque said she is committed to assist investors deal with their problems while operating in the Philippines.

She called PEZA one of the most trusted investment promotion institutions by foreign investors.

“But then, of course, there are still so many things that we need to adjust, so many things that we still need to do to make sure that at least we can assist you as best as we can and we can do an excellent job,” she said.

“So please help us also by telling us what we need to do so that at least your investments will grow here in the Philippines and in PEZA,” she added.

PEZA is a major contributor in the mission to raise worker incomes, she said, citing its role in “bringing opportunities closer to our communities.” — Justine Irish D. Tabile