13November2019

Trade, Investment and Tourism

Trade & Investment

As of December 2018, Malaysia was the Philippines’ 10th largest trading partner, with total trade amounting to US$6.17 billion after 12% year-on-year growth. Philippine exports to Malaysia are valued at US$1.98 billion while imports are valued at US$4.21 billion.

The Philippines’ 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.

Philippine or Filipino-owned companies have established a substantial presence in Malaysia. Notable examples include Aboitiz Equty Ventures, Inc.’s Pilmico International Pte Ltd, Ayala Land, Inc through MCT Berhad, Century Motolite Battery Sdn Bhd, Jollibee Foods Corportion, LBC Mabuhay Sdn Bhd, Pancake House International, Petron Corporation, Philippine Airlines, PLDT Malaysia Sdn Bhd, San Miguel Yamamura Packaging & Printing Sdn Bhd and San Miguel Yamamura Plastics Films Sdn Bhd, United Laboratories through UNAM Pharmaceutical Sdn Bhd, and URC Snack Foods Sdn Bhd.

Malaysia is the Philippines’ 5th largest source of approved foreign direct investments (FDI) valued at US$278 billion in 2018, having grown 3,430% year-on-year. FDI from Malaysia is spread across various sectors including construction, finance, real estate, manufacturing, mining, private services, trade, and transportation.

Prominent Malaysian companies operating in the Philippines include AirAsia Bhd, Berjaya Corporation Bhd, CIMB Bhd, Genting Group, GHL Systems Bhd, Malaysia Airlines Bhd, Maybank Bhd, Mr. DIY Sdn Bhd, MTD Group / AlloyMTD Bhd, Muhibbah Engineering Bhd, Shangri-la Hotels and Resorts, and Zico Law.

 

Tourism

According to Tourism Malaysia, the Philippines is Malaysia’s 9th largest tourist market, with 396,000 Filipino tourists visiting Malaysia in 2018.

Meanwhile, the Philippine Department of Tourism reported that 145,000 Malaysians visited the Philippines in 2018, making Malaysia the tenth major source of tourists for the Philippines.

Philippine Airlines, Cebu Pacific Air, AirAsia, and Malaysia Airlines operate direct flights daily between Manila and Kuala Lumpur. Cebu Pacific Air and AirAsia also operate direct flights between Cebu and Kota Kinabalu. In addition, Cebu Pacific flies between Manila and Kota Kinabalu.