Recognising the alternatives within the halal trade and digitalization within the Philippines, the Embassy of Malaysia via the Malaysia Exterior Commerce Improvement Company (MATRADE), the nationwide commerce promotion company underneath the Ministry of Funding, Commerce and Business (MITI) Malaysia is spearheading the participation of ten Malaysian corporations in PhilSME Expo 2025. The Malaysian corporations shall be collaborating underneath the Malaysia Pavilion within the commerce occasion from 9 to 10 Could 2025 in SMX Conference Centre, Manila.
MATRADE MANILA Commerce Commissioner, Ms. Intan Zalani
To formally launch the Malaysia Pavilion through the Expo, a ribbon-cutting ceremony shall be held on 9 Could 2025. Malaysian corporations which shall be featured on the Pavilion characterize high-potential sectors from halal-certified meals and drinks to digital options. These SMEs intention to ascertain enterprise linkages, discover distributorships, and introduce Malaysian high quality merchandise and applied sciences to the Philippines market.
The Ambassador of Malaysia to the Philippines, Dato’ Abdul Malik Melvin Castelino mentioned that, “With Malaysia being the Chair of ASEAN this 12 months, our participation in PhilSME Expo 2025 is each well timed and strategic as we lead efforts to advance regional cooperation and financial integration. This platform not solely highlights the energy and innovation of Malaysian SMEs but in addition units the stage for deeper Malaysia-Philippines enterprise engagement. Because the Philippines prepares to imagine the ASEAN Chairmanship in 2026, our collaboration right here alerts a shared imaginative and prescient of a extra linked, resilient, and inclusive ASEAN financial system”.
Previous to the Expo, MATRADE can be collaborating with Maybank Philippines to host the Malaysian corporations on 8 Could via Doing Enterprise with Malaysia: Briefing and Enterprise Matching Session which goals to supply market insights, introduce Malaysian corporations to potential Filipino companions, and facilitate B2B engagements forward of the principle exhibition. Based on Ms Intan Zalani who’s heading MATRADE Manila workplace, a complete of 30 one-to-one enterprise conferences have been organized between Malaysian corporations and the Philippines’ companions. “We hope that these engagements will result in significant enterprise partnerships, fostering stronger commerce relations and unlocking new development alternatives for Malaysian SMEs within the Philippines,” she added.
From January – December 2024, whole commerce between Malaysia and the Philippines had been valued at USD8.35 billion elevated by 5.5 % in comparison with the earlier 12 months. Exports from Malaysia to the Philippines elevated by 5 % to USD6.08 billion, whereas imports from the Philippines additionally elevated by 6.8 % to USD2.27 billion. Main exports from Malaysia to the Philippines had been petroleum merchandise, electrical & digital merchandise, palm oil & palm oil-based merchandise, chemical & chemical merchandise and processed meals. In the meantime, the Philippines are exporting electrical & digital merchandise, vegetable oil, equipment, gear and elements, manufactures of metallic in addition to pure rubber to Malaysia.
Philippines’ corporations who want to supply for Malaysian services can join with MATRADE Manila at [email protected] to obtain the most recent market updates and data on enterprise alternatives.
ADVT.
This text is dropped at you by Malaysia Exterior Commerce Improvement Company.