Underscoring the growing economic partnership between the Philippines and Sri Lanka, PHIVIDEC Industrial Authority (PHIVIDEC IA) welcomed Sri Lankan Foreign Minister Vijitha Herath, Ambassador Dr. Chanaka Harsha Talpahewa, and their delegation during an official visit to the PHIVIDEC Industrial Estate–Misamis Oriental (PIE-MO) on July 25, 2026.
PHIVIDEC IA Administrator and CEO Atty. Joseph Donato J. Bernedo highlighted the importance of international cooperation in attracting investments, generating quality employment, and expanding economic opportunities for local communities. He emphasized that industrial development is not merely about building factories, but about improving livelihoods, strengthening industries, and fostering inclusive growth for the people of Northern Mindanao. The visit served as a meaningful reminder of how partnerships between nations can translate into tangible economic benefits at the local level.
Highlighting the growing economic ties between the two nations, PHIVIDEC IA presented two major Sri Lankan investments operating within PIE-MO—Haycarb Philippines Corporation and Jaindi Philippines Corporation. Through these investments, the Authority helped support local industries, strengthen value chains, and create sustainable livelihoods that extend beyond the Estate and into surrounding communities.
Notably, while the Philippines and Sri Lanka are marking more than 65 years of diplomatic relations, it was only in recent years that two Sri Lankan companies established operations in the country— and both chose the PHIVIDEC Industrial Estate in Misamis Oriental as the location of their Philippine operations. This noteworthy connection highlights PHIVIDEC IA’s growing reputation as a preferred destination for foreign investments and emphasizes the estate’s strategic role in linking Northern Mindanao to global markets.
As one of the key drivers of economic development in the region, PHIVIDEC IA continues to play a vital role in attracting investments, developing industrial infrastructure, and creating opportunities that benefit communities across Northern Mindanao.
As PHIVIDEC IA carries on forging partnerships with global investors, it remains steadfast in its mission to transform Northern Mindanao into a premier investment destination—where international collaboration drives innovation, creates lasting opportunities, and fuels sustainable economic progress for generations to come.
