PH ripe for investments; Korean investors keen on infrastructure, energy projects in PH

Board of Investments (BOI) Managing Head Dr. Ceferino Rodolfo welcomed a Korean delegation of business men in the country recently (February 22-24, 2016). Ambassador Kim Young -Sun, Secretary-General of the Asean Korea Centre (AKC) led a delegation of 14 Korean companies keen on investing on infrastructure and energy projects in the Philippines.

“The Philippine economy is ripe for foreign investments,” said Rodolfo. He said that now is the best time for foreign investors to invest in the Philippines as the country continues to experience growth and stability.

Korean investors keen on infrastructure, energy projects in PHIn photo: Philippine and Korean government officials led by DTI Undersecretary and BOI Managing Head Ceferino Rodolfo (front row, fifth from left), ASEAN-Korea Centre Secretary General Kim Young-Sun (front row, sixth from left), and Minister and Consul General, Deputy Chief of Mission of the Korean Embassy to the Philippines Honorable Won-Jik Kwon (front row, fourth from left), and, with participants of the Philippines-Korea Investment Forum.

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DTI addresses issues on Transportation and Logistics Services

“A more efficient transport and logistics system can better serve the international market, raise the country’s competitiveness, and enable local industries to take full advantage of a healthy economy,” Department of Trade and Industry (DTI) Secretary Adrian S. Cristobal Jr saidduring a recent meeting with the major players of the transport and logistics sector.

The DTI met with the members of the United Port Users Confederation of the Philippines, Inc. (UPC) and the Philippine International Seafreight Forwarders Association (PISFA). UPC spearheads the crafting of the Philippine Logistics Roadmap together with PISFA.

The meeting provided the opportunity for all parties to discuss critical issues and identify the course of action for the transportation and logistics sector.

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Philippines Makes History as it Joins Singapore Airshow for the First Time


To tap into the accelerated growth of Asia Pacific’s aerospace and aviation industries, the Philippines participated as a country pavilion for the first time at the recent Singapore Airshow in the Changi Exhibition Centre. This year’s show featured over 1,000 companies from 50 countries.

This maiden participation was organized by the Philippine Department of Trade and Industry – Foreign Trade Service Corps and the Board of Investments (BOI); Civil Aviation Authority of the Philippines (CAAP); the Aerospace Industries Association of the Philippines (AIAP); and the Aviation Schools Association of the Philippines. The airshow provided the Philippine firms engaged in aircraft parts manufacturing, aircraft maintenance, repair and overhaul (MRO) and aviation trainings, the opportunity to showcase their technologies and capabilities. The delegation also met with global players with the aim of establishing industrial partnerships and identifying areas of cooperation across a range of sectors.

“We first visited the show with our official delegates two years ago and saw that there would be potential. This year, we felt that we are ready to introduce ourselves and offer our interest in partnerships with many of the aerospace companies,” said Glenn Peñaranda, Commercial Counsellor, Philippine Trade & Investment Centre-Singapore. “We are heartened to hear that people are looking forward to what the Philippines has to offer and have had very positive meetings with major players and even potential partners in this industry.”

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DTI to open additional Negosyo Centers in Capiz

The Department of Trade and Industry - Capiz Provincial Office targets to open two more Negosyo Centers (NC) this year in order to provide more access on business information and services to budding and existing entrepreneurs in the Province of Capiz.

DTI Capiz Provincial Director Ermelinda P. Pollentes said her office targets to launch additional NC in Mambusao and Pontevedra, this year. The two municipalities are strategically located for the clients from District II (Mambusao) and District I (Pontevedra).

The launching of the additional centers, either in Mambusao or Pontevedra, is slated on April, in time for the celebration of the 2016 Capiztahan. DTI key officials are expected to grace the activity.

Pollentes said that her office had already invited Trade and Industry Secretary Adrian Cristobal Jr. to grace the event during the latter’s recent visit in the province, particularly at the Capiz Toll Packaging Center in Brgy. Tiza, Roxas City.

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DTI to manufacturers: Raise product quality to be more competitive in global markets

The Department of Trade and Industry (DTI) urged Philippine firms to improve the quality of local products to strategically position them in the global market.

“With the decrease in tariffs of most traded products, competition is no longer limited to who can offer the lowest price but who can conform or surpass the standards of international markets as well,” said Agnes Legaspi, Assistant Director of DTI-Export Marketing Bureau (EMB).

Legaspi emphasized during the recent session of the Doing Business in Free Trade Areas (DBFTA) the need for local firms to improve their products and at least be at par with globally competitive products present in the international market, particularly in markets where PH has existing Free Trade Agreements (FTAs).

Program participants from various industries were also introduced to different export opportunities on countries where the Philippines has FTAs and on countries which give Generalized System of Preferences (GSPs).

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