The Department of Trade & Industry (DTI), and the Board of Investments (BOI) recently consulted with the local automotive cluster on their industry development roadmap. At the 11th Trade and Industry Development (TID) Updates, the forum focused on human resource development programs to further enhance the competitiveness of the local automotive cluster. “The automotive manufacturing industry is one of the major drivers of the country's industry sector, generating about a quarter of a trillion pesos in sales last year. The Auto Industry Roadmap targets 300,000 quality jobs by 2022. DTI Undersecretary Adrian Cristobal Jr. (right) in his opening remarks also said that “it is equally important to also put into perspective the technology that the industry will stand to gain throughout the life of the roadmap and beyond." Providing updates on human resource innovations, initiatives, and industry prospects during the forum were: Mr. Arthur Tan (second from left), President and CEO of the Integrated Microelectronics, Inc.; Executive Director Ramon Kabigting of the Philippine Automotive Competitiveness Council; and DTI Assistant Secretary Rafaelita Aldaba. Meanwhile, guest reactors including Mr. Henry Co, President of the First Philippine Industrial Park, Dr. Ramon Clarete, Dean of UP-School of Economic and Dr. Erlinda Medalla from the Philippine Institute for Development Studies, also shared their insights on the subject matter. (DTI-PRU)
The Department of Trade and Industry (DTI), through the Philippine Trade and Investment Center (PTIC) and the Philippine Consulate General in New York, recently received a 12-member business mission composed of Philippine American Chamber of Commerce (PACC) members who are keen on exploring investment opportunities in the Philippines.
“We want to do a trade mission back home to the Philippines. We think that there has been a lot good news on the Western front about the Philippines,” President Michael Nierva, who led the delegation, said in an interview at the sidelines of the economic and investment briefing organized by the DTI and Board of Investments (BOI).
Nierva cited stock market returns, investment grade ratings by credit rating agencies such as Standard & Poor's, Moody’s and Fitch, and gross domestic product (GDP) of the country. He added that it is good time to convince US companies to do business in the Philippines.Continue reading
Philippine Trade & Investment Center-Kuala Lumpur (PTIC) Commercial Counsellor Glenn Peñaranda shared the positive Philippine business growth and expanding business opportunities with the Malaysia-based Filipino Business and Professional Caucus (FBPC). Representatives from the Mindanao Development Authority (MinDA) were also given the opportunity to present progress and prospects in Mindanao. With PTIC-KL and MinDA were Philippine Ambassador to Malaysia Jose Eduardo Malaya, Consul Johann Andal and Philippine Labor Attache’ for Malaysia, Elizabeth Estrada.
Commercial Counsellor Peñaranda underlined the message that the country is inviting overseas Filipinos to participate in the growing Philippine economy. He also recognized that Malaysia is a strategic partner in ASEAN particularly because of its interest in economic development in Mindanao.
In 2013, Malaysia was the Philippines’ 10th trading partner out of 216 countries with total bilateral trade reaching US$3.58 billion. It was also the country’s 11th export market out of 210 countries. Currently, the Philippines is promoting the following exports to Malaysia: fresh, processed and halal food; cosmetics; auto parts; electronics and electronics manufacturing services; information technology and business process management services. The Philippines is also reaching out to Malaysian investors for stronger partnerships on key industries such as agribusiness; tourism facilities; infrastructure, construction and public-private partnership projects.Continue reading
Department of Trade and Industry (DTI) Secretary Gregory L. Domingo (right) confers with (from left) Bureau of Domestic Trade Promotion (BDTP) Director Rhodora M. Leaño, Export Marketing Bureau (EMB) Director Senen M. Perlada, and DTI Undersecretary for Industry Promotion Group Ponciano C. Manalo, Jr. in the re-launch of the Export Assistance Network (Exponet) during the recent Manila FAME at the SMX Convention Center in Pasay City. DTI is re-introducing and re-launching its Exponet to assist companies, exporters and would-be exporters. In 1984, the Exponet was envisioned to be a one-stop export information and assistance unit that can cater to exporters and companies aspiring to enter the export industry. Currently, it provides assistance on all export-related concerns including providing information on export procedures as well as documentation and mediation of export trade-related complaints. It assists exporters dealing with the Bureau of Customs (BOC) and commodity agencies regulating export products. It also helps companies that import raw materials necessary in the production of their export products. (DTI-PRU)
Philippine Trade & Investment Centre-Kuala Lumpur (PTIC-KL) Commercial Counsellor Glenn Peñaranda met with representatives of Malaysia’s Halal Development Corporation Sdn Bhd (HDC) to discuss collaboration for the Philippine Halal food industry. Commercial Counsellor Peñaranda requested the support of HDC for the Halal conference being organized by the Center for International Trade Expositions and Missions for the 10th International Food Exhibition (IFEX) happening in the Philippines on May 21, 2015. The meeting also included a visit to the Global Halal Support Centre.
The HDC promotes participation and facilitates growth of Malaysian companies in the global Halal market which is estimated to be worth US$2.3 trillion. Filipino exporters are being urged to apply for Halal certification for their products and services in order to tap this huge market.
(from L to R): Mr. Mohamad Romzi Sulaiman, Senior Manager, Global Halal Support Centre, Halal Industry Development Corporation Sdn Bhd; Glenn Penaranda, Commercial Counsellor, PTIC-KL; Mr. Yus'aimei Yusoff, Senior Manager, Halal Integrity, HDC.