14November2018

Trade, Investment and Tourism

Trade and Investment

As of December 2013, Malaysia was the Philippines’ 11th largest trading partner, with total trade amounting to US$306.85 million. Philippine exports to Malaysia is valued at US$ 63.79 million and imports is valued at US$243.06 million.

The Philippine main exports to Malaysia are semiconductor devices, electrical and electronic machineries, and machinery and mechanical appliances, while its main imports from Malaysia are petroleum and petroleum products.

In August 2011, Petron Corporation bought Exxon Mobil Corporation’s 65 percent stake in Esso Malaysia Berhad for US$610 million. Petron’s investments are expected to reach as much as US$1.2 billion in order to update Esso’s oil refinery and renovate some 558 gasoline stations.

Other major Philippine or Filipino-owned companies operating in Malaysia include Century Motolite Battery Sdn Bhd, URC Snack Foods Sdn. Bhd., Axexorize (M) Sdn. Bhd., Pancake House International Malaysia and LBC Malaysia.

On the other hand, Malaysia is one of the Philippines’ sources of foreign direct investments (FDI). FDI from Malaysia is spread into construction, finance, real estate, manufacturing, mining, private services, trade, and transportation.

The more prominent Malaysian companies operating in the Philippines include Resorts World Hotel, Shangri-La Hotels, the Malayan Banking Corporation (Maybank), Mitra Energy Philippines and AlloyMtd (formerly MTD Capital Bhd), which recently upgraded the South Luzon Expressway. Malaysian investments amounted to US$37.9 million (around PhP1.599 billion).

During the visit of Vice President JejomarBinay in May 2012, the Philippines-Malaysia Business Council (PMBC) and the Malaysia-Philippines Business Council (MPBC) were revived.

The PMBC’s Secretariat is housed at the Makati Business Club, with Petron Chief Executive Officer (CEO) Ramon Ang as its Chairman. They may be reached through This email address is being protected from spambots. You need JavaScript enabled to view it. and (+632) 751-1145.

The MPBC, meanwhile is headed by AlloyMtd President and CEO DatoAzmil Khalid. They may be reached through their Secretary, Hajji Zulkifly Baharom at This email address is being protected from spambots. You need JavaScript enabled to view it. .


Tourism

According to Tourism Malaysia, 403,728 Filipinos visited Malaysia as of September 2013, making the Philippines the ninth major source of tourists for Malaysia.

On the other hand, Malaysia is the Philippines’ 11th major tourist market, with 109,437 Malaysian tourists visiting the Philippines in 2013.

Cebu Pacific flies daily from Manila to Kuala Lumpur and thrice a week from Manila to Kota Kinabalu.

Malaysia Airlines have thrice daily flights between Manila and Kuala Lumpur.

AirAsia flies daily between Manila and Kuala Lumpur, as well as between Manila and Kota Kinabalu. It launched a four-day a week service from Manila to Miri and a thrice a week flight from Cebu to Kuala Lumpur in December 2013.