MANILA - One of the most prolific Hong Kong philanthropists, David Harilela, said Wednesday he was looking to build a hotel in the Philippines, betting on the country's growth prospects.
Harilela said he was considering the Makati or Bonifacio Global City as possible locations, waiting for the right time to come in as the market is "top heavy."
"I like the way the Philippines is growing, becoming stable. More investments are coming in," Harilela told ANC's The Boss.
Harilela is opening a 5-star hotel in Hong Kong. His family owns Holiday Inn hotels in Bangkok, Singapore, and Penang, Quality Hotel Dorval in Canada and Belgraves London.
The Hong Kong businessman is in Manila for the Philippine launch of "The One," which honors outstanding charities.
"We’re looking for the Mother Teresa of tomorrow today," said Harilela, who employs at least 40 Filipinos in his massive 72-bedroom estate in Kwun Tong.
Harilela said he was hopeful working conditions for Filipinos in Hong Kong would improve under its new leader, Carrie Lam.