Australian firm, Macquarie Group Ltd., is pledging to invest in the renewable energy sector as well as value-added mining and digitization in the country during the ASEAN-Australia Summit.
“I am excited to talk about what more we can be doing in the Philippines because at the moment we do advisory work in investment bank, we bring our balance sheet to invest in,” said Macquarie Group Managing Director and CEO Shemara Wikramanayake.
The financial firm expressed its interest in the Philippines due to its ‘demographic profile,’ as the country’s continuous growth meant that bigger opportunities were needed to bolster its company in the Philippines.
The company also expressed its enthusiasm for digitization and energy transition, eyeing to invest in both aspects and aiming to build a ‘bigger advisory business.’
Additionally, Wikramanayake said that the Macquarie Group had been providing support not only in the United States and Europe but also in Southeast Asia.
“What we’re keen to do is to partner with Southeast Asia particularly with places like the Philippines, which are proving to be very good to create that environment for the pension savers money here. To bring capital to health, investing in infrastructure, etcetera,” said Wikramanayake.
Meanwhile, President Marcos Jr. commended the Macquarie group for their interest in investing in the country, as they would be of great assistance not only to both investors and locals.
“We somehow have fallen behind in that regard, and we’re trying to catch-up…Digitization is a very important part of ease of doing business not just for investors, but for locals in their dealings with the government,” said Marcos Jr.
The Macquarie Group Limited has been managing a firm in the Philippines for 15 years, offering support in finance, operations, technology, and risk management.
