French Chamber of Commerce in the Philippines (FCCP) president Cyril Rocke said that the Philippines has the economic potential to become an investment hub in Asia.
The FCCP exec, who seeks to promote its members' interests in the Philippines and foster "closer relationships" with the business community in the country, said in an interview published in Sun Star, "The standard of living in the Philippines is increasing, leading to improved consumption and investment opportunities across the board."
Rocke pointed out that new investors should realize, in order to fully understand the Philippines' edge and competence, that the country came out from a "dark economic stage through its people's optimistic outlook, hard work and perseverance."
French investment in the Philippines, according to Rocke, is a network of industries with "strong movements in sectors of business process outsourcing, infrastructure, health care, pharmaceuticals, beauty, wellness and food."
Some of the French brands and companies in the country include L'Oréal and Maybelline, cosmetics; Total, gasoline station; Lacoste, apparel; Thales, supplier of electronic control system to airports; Teleperformance, call center; Schneider Electric, energy management specialist; and Lafarge, construction materials.