Successful PH trade mission to UK to attract more investments

The Philippine Business Delegation


31 October 2013 – A high-level trade and investments promotion mission to London was held last October 2 and 3 led by Trade and Industry Secretary Gregory Domingo and Finance Secretary Cesar Purisima. The official delegation also included Department of Trade and Industry-Trade and Investments Promotions Group (DTI-TIPG) Usec. Chito Manalo, BSP Deputy Governor Diwa Guinigundo, Public-Private Partnership (PPP) Center Executive Director Cosette Canilao, together with a 25-member business delegation led by Philippine-British Business Council (PBBC) Co-chairman Ambassador Jesus Tambunting. Also joining the business delegation are British Chamber of Commerce of the Philippines (BCCP) Chairman Roger Lamb and PBBC London Co-chairman Nigel Rich.

On October 2, Philippine government officials and the business delegation hosted a conference to showcase the Philippines’ economic success story and its continuously improving business climate. The gathering entitled “Invest Philippines: Philippine Economic Briefing and Trade & Investment Opportunities Conference” featured a keynote address by Sec. Domingo, messages from Lord Stephen Green of Hurstpierpoint, UK Minister of State for Trade and Investment, and Philippine Ambassador to the United Kingdom Enrique Manalo, as well as an open forum with the Philippine government officials and delegation members, Shell Philippines Country Chairman Ed Chua and HSBC CEO Wick Veloso. The afternoon session featured messages, business testimonials, and an open forum with Usec. Manalo, Exec. Dir. Canilao, and members of the Philippine business delegation on opportunities for British investment in the Philippines and Philippine-British business partnerships, especially in PEZA zones and in public-private partnership projects. PBBC Co-chairman Amb. Tambunting closed the conference by delivering his remarks and outlook on the Philippines’ business environment, with networking cocktails following afterwards. An estimated 200 participants attended the conference, composed mostly of representatives of British companies and business organizations.

DTI Sec. Domingo delivering his keynote address london2On October 3, mission partners the UK-ASEAN Business Council and the London Chamber of Commerce and Industry, together with the BCCP, hosted a forum entitled “Open For Business! Practical Advice on Doing Business in the Philippines.” Setting the tone of the forum was PBBC Co-chairman Amb. Tambunting, who emphasized in his keynote address that “there is no better time for UK businesses to come and do business in the Philippines than now.” Representatives from various UK-based SMEs and companies attended the forum, actively engaging the panel speakers from DTI, PBBC, BCCP, and invited private sector representatives.

To formally conclude the mission, a farewell reception was co-hosted by the DTI and the Philippine Embassy in London for all members of the mission, with Sec. Domingo describing the visit as the “the best he has attended” this year. The secretary expressed confidence that, through the mission’s success, more British investments to the Philippines may be expected in the months to come. Following up on the London trip, two inbound trade missions from the UK are due to arrive in the Philippines before the year ends.

UK delegation boosts biz ties in PHL

The Department of Trade and Industry (DTI) recently welcomed a trade and investment mission of British companies that intend to expand their businesses and ramp up their presence in the Philippines.

During the investment briefing for the mission members, Trade Undersecretary Ponciano C. Manalo Jr. conveyed his appreciation of the delegation’s presence in the country as this highlights the strengthening of bilateral trade and investment relations between our two countries. Manalo further invited the delegation members to explore potential business opportunities in the country and encouraged them to invest in light of the positive economic developments in our country.

This business mission is the eighth group from the UK for this year. It is a follow through from the high-level trade and investment mission of the Philippines, as well as the PEZA Roadshow, both of which took place in London last October.

The delegation is composed of British companies seeking potential joint venture partnerships, investments in manufacturing, product distributors, and product sources in the Philippines.

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Design Philippines Goes to the Hotel Show 2013 in Dubai

hotel show

The Philippines participated at the 14th Hotel Show 2013 which was held last October 28-30 at the Dubai World Trade Center in Dubai, United Arab Emirates. The participation was organized by the Center for International Trade Expositions and Missions (CITEM) and featured ten (10) of the Philippines’ best design-forward manufacturers. Shown here with the Philippine delegation are Ambassador Grace R. Princesa, Consul General Frank Cimafranca, and Commercial Counselor Paisal D. Abdullah. The Philippine Pavilion branded, “Design Philippines” , was able to showcase to the Middle East buyers and visitors the wide array of Philippine contemporary and classical indoor and outdoor furniture and furnishings for hotels, restaurants and similar projects. The beautifully-designed Philippine pavilion stood out especially with the display of our products with distinct design and innovative use of indigenous and industrial materials. The participation at the event (based on partial reports of 6 exhibitors) resulted in sales (under negotiation) of US$5.07 million.

Coconut Wine at the 2013 China Overseas Investment Fair (COIFAIR)

October 29 to 30, 2013 – Coconut wine, produced by Vino de Coco, was featured at this year’s 2013 China Overseas Investment Fair (COIFAIR) in Beijing on October 29 to 30, 2013.

coconut1 Vino de Coco’s sample products, featuring dry, sweet white, and sweet red coconut wines.

At the said fair, Philippine Coconut Authority (PHILCOA) Deputy Administrator Roel M. Rosales delivered a keynote address on overview of the Philippine agricultural sector, as well as the trade and investment opportunities of Philippine agricultural industry.

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DTI Secretary Gregory L. Domingo in the ASEAN Economic Ministers (AEM) Roadshow in China

Secretary Gregory L. Domingo led the Philippine delegation to the ASEAN Economic Ministers’ (AEM) Roadshow, held from 21 to 26 October 2013.  The ASEAN ministers travelled to Hong Kong and the cities of Chengdu, Shanghai, and Beijing, to gain better understanding of the Chinese economy and increase awareness of business opportunities between ASEAN and China.

A number of trade and investment promotion seminars were held as part of the event, drawing great interest from Chinese officials and businesspeople. In the past nine months, two-way trade between China and ASEAN hit 322.36 billion USD, an increase of 11.6 percent. By the end of August, two sides’ investment neared 110 billion USD.

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