DTI’s promotion group to run at full speed

DTI's promotion group to run in full speed

Undersecretary Nora K. Terrado (right) accepts the compilation of 2013-2015 performance and 2016 proposed plans of the Department of Trade and Industry’s Industry Promotion Group from outgoing Undersecretary Ponciano C. Manalo, Jr. (left) during a turnover ceremony held recently in Pasay City. With a smooth transition in its industry promotion leadership, the DTI is geared to strengthening its position as a preferred investment destination and desired trading partner for the global business community.

Integrating auto SMEs in GVCs: BOI, business council conducts car supply chain readiness workshop

The Board of Investments (BOI), the industry development and investments promotion arm of the Department of Trade & Industry (DTI) jointly with the US-ASEAN Business Council (US-ABC) is set to conduct a workshop on “Supply Chain Readiness Training” for the Automotive Sector on January 29, 2016 at the Acacia Hotel in Alabang, Muntinlupa City.

The main objective of the workshop is to transfer information, knowledge and skills from multinational companies to broader Philippine SMEs on various good business, legal practices and solutions in enhancing their competitiveness.

These practices and solutions include opportunities for expanding supply linkages and market access at the domestic, regional and international levels through logistical and technology solutions for better commercial, as well as legal management and practice for competitive SMEs.

Continue reading

DTI at full throttle


"We will fast-track the implementation of the 'Comprehensive Automotive Resurgence Strategy' (CARS) program this year," said Department of Trade & Industry (DTI) Secretary Adrian Cristobal, Jr. The Board of Investments (BOI) has opened applications for the CARS program, one week ahead of schedule. CARS targets to generate 200,000 new jobs, bring in fresh investments worth US$1.2 billion, stimulate local demand by increasing vehicle sales to US$9.2 billion, and effectively implement industry regulations that will revitalize the Philippine automotive industry. The program is anchored on the resurgence of the automotive manufacturing industry and in priming the country as a regional automotive manufacturing hub.

Continue reading

PH as auto manufacturing hub in ASEAN

01_13 sec asc_toyota_IMG_9899a

PH as auto manufacturing hub in ASEAN. In fast-tracking the implementation of the Comprehensive Automotive Resurgence Strategy (CARS) program this year, the Department of Trade and Industry (DTI) expects to push the revitalization of the country’s automotive industry, improve its competitiveness, and raise the country into an auto manufacturing hub in the region. In photo, DTI Secretary Adrian S. Cristobal Jr. (left) joins (from left) Toyota Motor Philippines (TMP) Outgoing President Michinobu Sugata, TMP Managing Officer and CEO for Asia, Middle East, and North Africa Regions Kyoichi Tanada, and Philippine Economic Zone Authority (PEZA) Director General Lilia de Lima during the turnover ceremony of the TMP presidency on January 13, 2016 at the Makati Shangri-La Hotel in Makati City. In his farewell speech, Sugata said that with the Philippine government’s fervent support and strong will, the Philippines will soon become a key player in the ASEAN region. Sugata will be replaced by Satoru Suzuki. Tanada also said that with the announcement of the CARS program, TMP is keen to participate and help government to further improve the local automotive industry and contribute to the Philippine economy. (DTI-PRU)

All systems go for CARS Program; application open to all car and car parts manufacturers

The Board of Investments (BOI) is set to accept applications for the Comprehensive Automotive Resurgence Strategy (CARS) Program. Car and car parts manufacturers eligible for the program have sixty (60) days upon publication of the CARS memorandum circular to submit their applications. The memorandum circular announcing the opening of applications is scheduled to be published on Friday, January 15, 2016.

An interagency committee, composed of representatives from the Departments of Finance, Transportation and Communication, Science & Technology; Technical Education and Skills Development Authority; the Industry Development Council; and the National Competitiveness Council, will evaluate the applications within the prescribed one-month period. Board decisions are expected to be announced before June 2016.

“The opening of applications a week earlier than the mandated schedule augurs well for the CARS program. We are especially enthusiastic for small and medium enterprises (SMEs) in the car parts manufacturing sectorthatstand to benefit from the program,” Department of Trade and Industry (DTI) Undersecretary and Board of Investments (BOI) Managing Head Dr. Ceferino S. Rodolfo said.

Continue reading