Australian firm keen on investing in renewable energy in PH
AUSTRALIA’S leading firm, Macquarie Group Ltd. is interested in investing in renewable energy in the Philippines.
Macquarie Group Managing Director and CEO Shemara Wikramanayake told President Ferdinand “Bongbong” Marcos Jr. that aside from renewable energy, the compnay also plans to invest in value-added mining at digitalization.
Wikramanayake made the statement during the sidelines of President Marcos’ participation to the ASEAN-Australia Special Summit in Melbourne, Australia.
“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,” Wikramanayake said.
“The whole digitization process, we’re excited about. Also, the energy transition we’re excited about … we certainly invest in digitization and we invest in energy transition and in mining and building bigger advisory business,” she added.
Wikramanayake said they are interested in investing in the Philippines due to its demographic profile for having “a young and growing population,” which is “a bigger opportunity in terms of growth and organization” of their company in the Philippines.
Wikramanayake said Macquarie Group provides sufficient funds not only in the US 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,” she said.
President Marcos thanked Wikramanayake for their interest in investing in the Philippines.
