MALAYSIAN conglomerate Berjaya Corp. Berhad is keen on expanding its businesses in the Philippines, as it sees the economy enjoying robust growth on the back of strong consumer spending, its founder said on Tuesday.
In an interview, Berjaya Founder and Advisor Vincent Tan said the Philippines is a “great” country to invest in, particularly for its core businesses.
“You have a great population which is great in our consumer business.
We think that outside Malaysia, the Philippines is a great place to invest,” Mr. Tan said.
He said Berjaya is looking at developing a sanitary landfill in the country, but admits securing government support may be difficult.
“We hope we are able to build one by next year. What you need is sanitary landfill. We’re still talking but getting support from the government is a big challenge,” Mr. Tan said.
“We are definitely keen to invest in sanitary landfills in the Philippines if we can get the support of the authorities.”
Also, Mr. Tan said he sees good opportunities in the hotel industry.
“I think there is a good opportunity in Philippines’ resorts. You have beautiful waters,” he said.
Berjaya Philippines, Inc.’s business include gaming, distribution of motor vehicles, hotels and restaurants.
Perdana Hotel Philippines, Inc. currently manages a 4-star hotel in Makati City, while Philippine Gaming Management Corporation leases online lottery equipment to the Philippine Charity Sweepstakes Office.
Berjaya Philippines also acquired United Kingdom-based luxury car dealer HR Owen in 2013.
Its associate companies include Berjaya Pizza Philippines, Inc., which holds the Papa John’s Pizza franchise in the Philippines, and Berjaya Auto Philippines, Inc., which distributes Mazda vehicles.
In Malaysia, Berjaya’s interests are diversified into several core businesses: consumer marketing, direct selling and retail, financial services, hotels, resorts, investment and development, gaming and lottery management, environmental services and clean technology investment, motor trading and distribution, food and beverage, and investment holding, among others. -- M.F.E. Flores
source: Businessworld
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