Port of Puerto Princesa / Courtesy of www.pdosoluz.com.ph
Malaysian investors are on the look out for investment opportunities in ports, particularly in Palawan for increased connectivity in the BIMP-EAGA, The Embassy of Malaysia Trade Office (MATRADE Manila) said.
MATRADE Manila Trade Commissioner Nyaee Ayup said the Labuan Liberty Port Management Sdn. Bhd., the port operator of Labuan port has been in talks with various local government units in Davao del Sur and in Palawan for new port development and management.
“We want to establish linkages and strengthen relations we have with the Philippines and explore business together. We would like to establish new opportunities and new markets,” Commissioner Ayup said.
Labuan Liberty Port Chairman and CEO Dato’ Sri Mohd Alias Haji Abd. Rahman said they target to open another linkage, particularly in Puerto Princesa to get connected to Labuan port and become a gateway to BIMP. Labuan port enjoys free port status.
“We’re in the proposal and discussion stage. We’re a management team.
We will find a joint venture partner for this project,” Rahman said.
Labuan Port Liberty Management Sdn Bhd business development manager Azhar Othman said there’s another foreign investor that is interested to build the Puerto Princesa port.
“On our part, we’re sending proposal to manage the port. We’ll probably have a joint venture agreement with companies in Palawan,” Othman said.
Read more: http://www.mb.com.ph/malaysian-port-operator-keen-on-running-puerto-princesa-port/