BlueScope looking to invest in RP

Tue, 01 Mar 2005 | Source: AFP

MANILA: Australia's BlueScope Steel may invest in the Philippines' iron and steel industry, the Philippine Board of Investment (BOI) said on Monday.

A spokeswoman for the Board of Investments confirmed media reports that the Australian company had met with Trade Undersecretary and Board of Investments managing head Elmer Hernandez last week but could not give any details.

BOI director Ramon Rosales separately told AFP that the Australians "were looking at the overall investment climate in the Philippines.

"They were not looking at any one area in particular, although iron and steel was mentioned," he said. -- AFP

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