German companies remain interested in business opportunities in the Philippines as they see great potential for trade and investment, according to Martin Henkelmann, executive director of the German-Philippine Chamber of Commerce and Industry (GPCCI). German firms are particularly keen to invest in the business process outsourcing (BPO), infrastructure and energy industries. They also plan to export Philippine food products and bring in high-end machinery.

Strong BPO Industry

Henkelmann explained that the country’s strong BPO industry is the main driver for German companies to outsource services here to serve their English-speaking clients. The government’s aggressive infrastructure program is another factor that attracts the companies to the engineering and construction sector.

“The Philippines is a very interesting region as well for German companies. There’s great potential for both direction, and we have seen that the Philippine products are actually competitive in the German market,” he said.

Positive Developments

Deutsche Regis Partners, Inc. chief strategist Rafael Garchitorena mentioned some positive developments in the local market this year due to macro fundamental reasons, including a strong market reflected in the stock market and exchange rate.

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