PH to launch APEC 2015


The Philippines will launch Asia-Pacific Economic Cooperation (APEC) 2015 on Monday (December 1) to buoy up local businesses to explore and initiate opportunities based on lined up activities for Asia-Pacific Economic Cooperation (APEC) next year.

“While the Department of Trade and Industry (DTI) has lined up several activities as the country chairs APEC in 2015 and hosts the 23rd APEC Economic Leaders' Meeting, we aim to spur greater private sector participation and generate new prospects for local and foreign businesses to flourish,” Secretary Gregory L. Domingo said.

The launch will be attended by the local business community. It will be held at Green Sun in Makati City.

The Philippine hosting of the APEC intends to inspire greater confidence that the APEC member-economies can indeed build a truly vibrant and inclusive future for all peoples as they pursue the Bogor Goals and work to realize the vision laid out by the country.

Domingo noted that next year will be a perfect opportunity for local business to seize and further help in contributing to the Philippines’ growing economy.

“In the country’s hosting next year, we seek to underscore the significance of the small and medium enterprises (SMEs) in the country’s economy, and their role and integration in global supply chains,” Domingo said.

Continue reading

PTIC-Singapore at the ASEAN Legal Alliance Launch

ALA (1)

Philippine Trade & Investment Centre (PTIC)-Singapore Commercial Counsellor Glenn Peñaranda (right) with lawyers Michael Mejia and Anna Margarita Ang of De Guzman San Diego Mejia & Hernandez Law Offices at the recent ASEAN Legal Alliance (ALA) launch in Singapore.

ALA, composed of law firms in each ASEAN member country, was established to provide legal services for businesses wanting to expand or enter new markets in Southeast Asia, as preparation for the ASEAN Economic Community (AEC). “We welcome the establishment of the ALA as partner for promoting bilateral and regional businesses in the ASEAN. This is especially favorable for the Philippines with its vast trade opportunities given the 100 million domestic market,” said PTIC-Singapore Commercial Counsellor Peñaranda. Among the emerging economies in ASEAN, the Philippines has outpaced most of its peers, making it Asia’s rising star. In the latest World Economic Forum report, the country ranked as the most improved country in terms of global competitiveness. With strong growth momentum, improved government finance and governance, it has gained investment-grade ratings from Fitch, Moody’s and S&P and made the country an increasingly attractive investment destination in Asia. During the first half of 2014, Singapore emerged as the top investor in the Philippines among ASEAN member-countries.

Philippines is in a snowballing momentum


In his recent visit to the Philippines, Swiss-Asian Chamber of Commerce (SACC) President Dr. Urs Lustenberger agrees with Department of Trade and Industry (DTI) Undersecretary Ponciano C. Manalo, Jr. that the country is benefiting from a snowballing momentum given its robust and growing economy.

“The Philippines is set in the perfect slot with the perfect momentum for the oncoming moment of the AEC (ASEAN Economic Community) in 2015, and we are here to see how you can benefit from that,” Lustenberger said during the trade and investment forum arranged by the Board of Investments (BOI) and Foreign Trade Service Corps (FTSC) for the Swiss business mission to the Philippines.

Lustenberger, who is also the Chairman of the Executive Board and Legal Affairs of the SACC, led the delegation to the Philippines. The delegation’s visit in Manila and Cebu were arranged through the Philippine Embassy in Berne and DTI’s Philippine Trade and Investment Center in Geneva.

“Whenever something is snowballing, there is an easy way to jump into that snowball. Companies in Switzerland have to look at the region that they want to possibly expand to and benefit from the growth taking place (in the Philippines),” Lustenberger said in an interview at the sidelines of the forum.

Continue reading

PTIC in Real Estate Forum


Phinma

Phinma Properties from the Philippines recently hosted a real estate forum in Singapore for property agents and home buyers. PTIC-Singapore Commercial Counsellor Glenn Peñaranda was invited to provide insights on the Philippines property market and other investment opportunities in the Philippines. The Philippines’ real estate investment market has been drawing more interest from foreign buyers. Some of them are looking for development opportunities in residential condominiums for sale or office space for lease. The investor confidence is attributed to the positive performance of the local economy.

DTI boosts SMEs integration to global market


With Philippine exports growing by 10 percent for the first nine months of the year, the Department of Trade and Industry (DTI) is encouraging small and medium enterprises (SMEs) to expand their foothold in the global market.

“While current programs and projects in promoting the country’s exports and assisting our existing exporters have contributed to this year’s remarkable export performance, we will explore even better ways to promote exports,” DTI Undersecretary Ponciano C. Manalo, Jr. said.

This year’s export promotion efforts mainly included outbound and inbound business matching activities; participation in trade fairs in the country or abroad; a nationwide campaign to inform exporters of the opportunities in foreign markets covered by free-trade agreements (FTAs) entered into by the Philippines; and information sessions to keep exporters and potential exporters abreast on foreign market access requirements.

“In preparation for next year’s export promotion strategies, the DTI will converge its trade service officers who are assigned in various commercial posts abroad for them to share strategic market information and specific opportunities to the country’s SMEs,” Manalo said.

Continue reading