Phl confident of moving up in global competitiveness rankings

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The National Competitiveness Council (NCC) convened leaders from the public and private sector recently for the Third Annual Ease of Doing Business Summit to present and discuss Game Plan 3.0. The Game Plan is the latest blueprint to streamline government processes and is intended to further boost the Philippines’ rankings in the Doing Business Report published by the World Bank Group – International Finance Corporation. Department of Trade & Industry (DTI) Secretary Gregory Domingo, NCC Public Sector Chairman in his opening remarks during the summit expressed confidence that “the momentum in competitiveness will be sustained”. “The new ranking now puts the Philippines at the middle-third of world rankings. The goal is to be in the top-third of global rankings by 2016,” Secretary Domingo said. The summit centered on the Philippines’ performance as the most improved economy in the Ease of Doing Business Report, moving up a total of 53 notches from 2011 to 2015. Various public agencies and private organizations have been closely monitoring the indicators in the Doing Business report. Members of the Ease of Doing Business Taskforce presented their respective work programs and their plans in line with Game Plan 3.0 which aims to push the country to the top third of the global rankings by 2016. The indicators include (1) Starting a Business, (2) Dealing with Construction Permits, (3) Getting Electricity, (4) Registering Property, (5) Getting Credit, (6) Protecting Investors, (7) Paying Taxes, (8) Trading Across Borders, (9) Enforcing Contracts, and (10) Resolving Insolvency. (DTI-PRU)

Palawan Welcomes BIMP EAGA Senior Officials on Transportation and Connectivity Talks

BIMP EAGA Senior Officials and Cluster Heads flew to Puerto Princesa, Palawan on May 25 to 26, 2015 to strengthen commitments on connectivity and transportation linkages, among others, in the completion of the BIMP EAGA Blueprint for 2012-2016.

The two-day event was attended by Philippine Senior Official and Trade Undersecretary Prudencio M. Reyes, Jr., Palawan Governor Jose Chavez Alvarez, and Senior Officials and Cluster Heads from Brunei, Indonesia, Malaysia, and the Philippines.

“This post-summit meeting is a convergence of clusters to reaffirm commitments and revisit targets especially on fast tracking the implementation of these priority infrastructure projects,” said Undersecretary Prudencio Reyes Jr. as he emphasized the role of the Philippines in the realization of these long-standing agreements.

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2015 Meeting of APEC Ministers Responsible for Trade

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Asia Pacific Economic Cooperation (APEC) Ministers Responsible for Trade (MRT) met in Boracay, Aklan Philippines on 23-24 May 2015 under the Chairmanship of the Philippines. During the meeting, the Trade Ministers reaffirmed their commitment to promote trade and investment liberalization and facilitation and strengthen economic and technical cooperation to achieve inclusive growth and attain the common goals of development, prosperity and progress. “At our meeting, we endorsed Boracay Action Agenda to Globalize micro, small and medium enterprises (MSMEs). This is an action-oriented initiative that supports APEC’s on-going work to address the barriers faced by MSMEs in international trade. Through the Boracay Action Agenda to Globalize MSMEs, we will facilitate micro and small enterprises’ access to regional and global markets,” said Department of Trade & Industry (DTI) Secretary Gregory Domingo, who also serves as Chairman of the APEC MRT this year. Photo shows the DTI Secretary (front row, sixth from left) posing for a family photo with the rest of the APEC Ministers at the Beach Front Deck of Boracay Shangri-la Hotel where the meeting was held. (DTI-PRU)

DTI Taps Multi-Stakeholders in Business and E-Commerce Outlook Seminar

The Department of Trade and Industry E-Commerce Office convened stakeholders from different sectors last May 11, 2015 at the Board of Investments Building to develop a ten year E-commerce Roadmap.

Supervising Undersecretary for E-Commerce Office Dr. Prudencio M. Reyes, Jr. launched an open forum, which brought together government and private enterprises to provide inputs on the draft E-Commerce Roadmap.

“Simply put, E-Commerce or online business is the current trend. I am confident that this will have a positive impact on Small and Medium Enterprises (SMEs). This roadmap will also be useful in coming up with new strategies that will propel us to maximize – and take advantage of – the growth of Philippine e-commerce,” Undersecretary Prudencio M. Reyes Jr. said in his opening remarks.

Dr. Nick Fontanilla of I-Metrics Asia-Pacific Corporation, discussed the Purchase Managers Index (PMI) and its advantages in the business decision-making process. The tool is a monthly economic indicator, which measures purchase managers’ activities in three fronts, namely: Manufacturing, Retail/Wholesale and Services Sectors.

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International biz community’s trust

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Department of Trade and Industry (DTI) Secretary Gregory L. Domingo (third from left) together with DTI Industry Promotion Group Undersecretary Ponciano C. Manalo, Jr. (left) pose with World Trade Centers Association (WTCA) officers during a courtesy call on April 29, 2015 at the Indurstry and Investments Building in Makati City. Joining them are (from left) WTC Cyprus Director Mehran Eftekhar, WTCA Chairman Ghazi Abu Nahl, WTC Metro Manila Chairman and Chief Executive Officer Guillermo D. Luchangco, and WTCA Vice Chairman and Treasurer John E. Drew. The DTI officials are pleased that the WTCA recently held its 46th General Assembly in the Philippines. They are confident that the increasing tendency of large business organizations like the WTCA to select the Philippines in holding their meetings is a clear indication that the country continues to enjoy the strong confidence of the international business community. (DTI-PRU)