Singapore-based multinational technology company Dyson and Malaysia’s Valiram Group are both considering investing in the Philippines, after meeting with President Ferdinand Marcos Jr.
Dyson said it is looking to invest around P11 billion in the Philippines in the next two years, to build a new research and development center which would generate around 1,250 jobs by mid-2024.
Valiram Group, meanwhile, expressed interest in expanding its operations in the Philippines in the next five years, with a focus on building duty-free walk-through stores at airports.
Established in 1935, Valiram is Southeast Asia’s leading luxury goods and retail specialist with a presence in Malaysia, Singapore, Indonesia, Australia, the Philippines, Thailand, Hong Kong, Macau and Vietnam.
Marcos was in Singapore from Wednesday to Sunday for the Milken Institute’s Asia Summit and to attend the finals of Formula One Singapore Grand Prix 2023, upon the invitation of Singaporean Prime Minister Lee Hsien Loong.
Source: PhilNews24 | September 18, 2023
