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Friday, March 29, 2024

Finland eyes stronger economic cooperation

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Finland plans to forge stronger economic cooperation with the Philippines, citing the Asian country’s sound macroeconomic fundamentals that could drive Finnish investors to consider locating here, the Department of Finance said Wednesday.

Finance Secretary Carlos Dominguez III and Finnish Ambassador to Manila Juha Pyykkö met recently to discuss ways on how the Philippines and Finland can expand their economic cooperation, as well as work closely on climate crisis adaptation strategies.

During the virtual meeting held via Zoom, Pyykkö said Finland saw numerous opportunities in the Philippines in participating in its economic development, and in cooperating on climate change mitigation measures, digitalization, smart city development, education and web-based healthcare services.

Pyykkö said he wants to rekindle the interest of Finnish investors in the Philippines, especially after Finland reopened its embassy in Manila in September last year, to facilitate business ties involving the two countries. 

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