Phl-US economic ties enter 'golden spot'

Phi companies expand in US while American equity firms eye Filipino startu

- IRIS GONZALES

Amid the reinvigorated alliance between the Philippines and the United States, economic ties between the two countries have now reached a "golden spot," according to New York Consul General Senen Mangalile.

"We're really in that golden spot," Mangalile said in a recent press briefing at the Philippine Center in New York.

This developed as Philippine companies are expanding in the US while American private equity firms and other funding institutions are on the lookout for investment opportunities in Manila.

Benedict Uy, trade commissioner and head of the Philippine Trade and Investment Center in New York, said that a Philippine-listed manufacturing company is in the process of setting up a distribution hub in the US so that it can reach more companies across America.