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Friday, March 29, 2024

Trade Ties

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The trade and investment partnership between Australia and the Philippines is on the way up. With a 300,000 strong Filipino community in Australia and 34 direct flights per week, Australia is a prime destination for tourism, education and training. More Filipinos studying overseas choose Australia as their study destination than any other country, with over 20,000 Filipinos currently studying at universities and technical colleges down under.

As a good friend and neighbour Australia has a proud history of supporting the Philippines and the Filipino people in times of disaster and emergencies. 

Philippine companies are also taking advantage of investment opportunities, with a number of major Philippine conglomerates investing in Australia to secure their supply chain and access advanced products and technology.

The ASEAN Australia NZ Free Trade Free Trade Agreement (AANZFTA) has opened the doors to exporters from both countries, with two-way trade in goods and services between Australia and the Philippines reaching A$4.8 billion—a 70% increase since 2010.

The complementary nature of the Philippine and Australian economies and geographic proximity have supported the growth across priority such as food and beverage, infrastructure, and services.

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Australia and the Philippines are collaborating to drive the Philippines’ digital transformation agenda and to boost the competitiveness of its private sector. This includes knowledge and technology transfer as well as institutional partnerships in science and disruptive technologies.

There are more than 300 Australian companies in the Philippines significantly contributing to the country’s socio-economic growth. Together, they directly employ over 40,000 Filipinos, contribute to local taxes, purchase local materials, goods, and services. Embracing local talent, these companies are continuing to invest in specialised training and to develop globally competitive technology and services solutions.

The Australian Federal Police have a longstanding law enforcement partnership with the Philippine National Police since the 1980s. In 2019, Australia supported the establishment of the Philippine Internet Crimes Against Children Center to strengthen the campaign against the online sexual exploitation of Filipino children. Australia with a consortium of partners also launched in 2019 SaferKidsPH, a program to protect Filipino children from online exploitation, abuse, and violence. The Australian Government has committed AUD 8 million (PhP 298 million) to this program. Photo courtesy of International Justice Mission

A number of these global Australian companies are showing their support for this year’s Australia Day celebration, and are helping to make the event a success. These include ANZ Bank, Austal, Crone, GHD, Greenstone, Leighton Asia, Macquarie, Oceanagold, Orica, Prime Metro BMD, Qantas, QBE, Site Skills, Telstra, TWPS, and Wine Brothers. 

ANZ BANK

ANZ Philippines is a world class international bank, helping institutional customers to find efficient and innovative solutions for managing and moving their goods and capital both within the Philippines and internationally.

AUSTAL

Austal is a global shipbuilder, defence Prime contractor and maritime technology partner of choice; designing, constructing and supporting high-speed commercial and military vessels for the world’s leading operators.

CRONE

Crone Architects is an international Design and Consulting Firm working in markets across Australia, Asia, India, and the Middle East. It established its presence in Manila in the late 90s, undertaking a number of major master planning projects. In the last 10 years, Crone has designed numerous Premier Grade high rise towers. Crone is committed to promoting Sustainable Development applying sustainability objectives to all design projects.

GHD

GHD is one of the world’s leading professional services companies operating in the global markets of water, energy, and resources, environment, property and buildings, and transportation. Committed to creating lasting community benefit, its connected global network of 10,000 diverse people delivers engineering, architecture, environmental, advisory, and digital and construction services to public and private sector clients across five continents.

GREENSTONE

Greenstone Resources Corporation (GRC) is a registered Philippine company and an affiliate of Red 5 Limited, a Western Australia-based gold exploration company whose shares are traded in the Australian Stock Exchange. GRC has interest in the Siana Gold Project (MPSA No. 184-2002-XIII) and the Mapawa Gold Project (MPSA No. 280-2009-XIII), both located in Surigao del Norte, Philippines.

LEIGHTON

Established in 1975, Leighton Asia delivers a portfolio of high-profile infrastructure projects throughout Asia. It is a proven industry leader in delivering complex tunnel, rail and road networks as well as turn-key renewable energy infrastructure including utility-scale wind, geothermal energy and waste-to-power installations. Its building projects range from schools, embassies, luxury high- rise residential towers to large scale leisure complexes.

MACQUARIE

Macquarie Group Limited (Macquarie) is a diversified financial group providing clients with asset management, finance, banking, advisory and risk, and capital solutions across debt, equity, and commodities. Macquarie Group established a presence in the Philippines in 2004.

OCEANAGOLD

OceanaGold is a multinational, mid-tier gold mining company with significant global operating development and exploration experience for over 27 years. OceanaGold owns and operates the high-grade gold-copper Didipio Mine which is located approximately 270 kilometres north of Manila. OceanaGold acquired Didipio in 2006 and commenced commercial production as an open pit operation. The Didipio Mine delivers significant socio-economic benefits to the Barangay of Didipio and neighbouring communities.

ORICA

Orica is the world’s largest provider of commercial explosives and innovative blasting systems to the mining, quarrying, oil and gas and construction markets, a leading supplier of sodium cyanide for gold extraction, and a specialist provider of ground support services in mining and tunnelling.

PRIME METRO BMD

PrimeBMD is a partnership between Prime Metroline Infrastructure Holdings Corporation, a Philippine holding company, and BMD Group, Australia’s largest family-owned contractor.

PrimeBMD is a construction company that builds roads, bridges, ports, buildings, and other infrastructure.

QANTAS

Founded in regional Queensland in 1920-as the Queensland and Northern Territory Aerial Service- Qantas is one of Australia’s most iconic brands and has played a central role in the development of the Australian and International aviation industry. Today, the Qantas Group is a diverse global aviation business, comprising Qantas Domestic, Qantas International, the Jetstar low-cost carrier group and Qantas Loyalty.

QBE GROUP

QBE Insurance Group is one of the world's top 20 general insurance and reinsurance companies, with operations in all the key insurance markets. QBE is listed on the Australian Securities Exchange and is headquartered in Sydney. We employ more than 12,000 people in 31 countries.

SITE SKILLS

Site Skills Training is part of Site Group International Limited, an ASX-listed company that delivers a range of Australian accredited and internationally recognised training programs tailored to the needs of the mining, oil and gas, engineering, and construction industries.

TWPS

With current contracts at 34 sites with total more than 12,000 megawatts of generation, TWPS is a major independent operations and asset services provider to the power generation market in Australia, New Zealand and South East Asia. This operational depth gives TWPS the unique ability to leverage from multiple site and technology knowledge, to provide the latest innovations and best practices to the benefit of our clients.

TELSTRA

Telstra is a leading telecommunications and information services company. We offer a full range of services and compete in all telecommunications markets in Australia, operating the largest mobile and Wi-Fi networks. Globally, we provide end-to-end solutions including managed network services, global connectivity, cloud, voice, colocation, conferencing, and satellite solutions.

TWPS

TWPS provides a full scope of services to plants as diverse as one of Western Australia’s largest coal fired power stations, gas fired combined cycle power plants in Queensland and Western Australia, and a portfolio of wind farms across South Australia and Victoria.

WINE BROTHERS

Wine Brothers Philippines Corporation (WBPC) is an importing and distributing company of quality wines, and is the exclusive distributor of Wine Brothers Australasia. WBPC aims to be part of everyday celebrations by providing a range of excellent wines that fit every occasion. WBPC also aims to immerse Filipinos into the fun culture of wine drinking.

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