Here is the DTI News Releases issued for your weekend_Ocotber 30, 2012
Please also find the attached word document
PH awarded best in investment promotion in the 9th CAEXPO
With the Department of Trade and Industry (DTI) and the Board of Investments' (BOI) efforts to push for the Philippine participation to the investment component of the 9th China-ASEAN Expo (CAEXPO), the Philippines was awarded best in investment promotion along with Malaysia and Indonesia during the event's closing ceremony.
"While we usually focused on trade component of previous CAEXPO, we coordinated the preparation and participation of the Philippines in investment component of the recent CAEXPO to improve our investment cooperation with China and further strengthen our bilateral relations," Undersecretary Cristino L. Panlilio said.
The CAEXPO is an international trade fair co-sponsored by the ministries of commerce and trade and industry of China, the 10 ASEAN countries, and the ASEAN Secretariat. It aims to promote the ASEAN-China Free Trade Area (ACFTA) and generate opportunities for cooperation and development.
"As the technical secretariat of the Philippine Investment Promotion Plan (PIPP), we sought the engagement of the PIPP Steering Committed (SC) to participate in the 9th CAEXPO," Panlilio said.
The PIPP is a blueprint for all IPAs to synchronize strategies in the country's investment promotion. The implementation of this agreement is carried out by the PIPP Technical Working Group (TWG) composed of representatives of the IPAs, under the direction of the PIPP SC composed of all heads of the IPAs. Further, the BOI takes the lead in the coordination of all common investment related endeavours of the IPAs.
For the investment component of the CAEXPO, the Philippines participated and coordinated four major activities, namely the CAEXPO roundtable meeting on cooperation, promotion conference on the ASEAN industrial parks, investment booth showcase, and the Philippine investment seminar.
"We participated in the CAEXPO roundtable meeting on investment cooperation to enhance our working relations with the investment promotion agencies of China. We prepared a presentation on our investment policies and information on our investment promotion agencies, with focus on industrial parks development," Panlilio said.
For this activity, Clark Development Corporation (CDC) Vice President for Business Development Ernesto Gorospe made a presentation on general investment policies of the Philippines, the advantage of doing business in the country, and how CDC evolved as an investment promotion agency, with the mix use of tourism and industrial park development.
"During this meeting, we learned that China has already established cooperation with ASEAN countries, namely Cambodia, Lao PDR, Vietnam, Thailand and Malaysia on industrial park development," Panlilio said.
In fact, there was a signing ceremony of 23 locators in the industrial parks of China, Taiwan and other ASEAN countries during the CAEXPO. Aside from this, Malaysia has a joint venture with the government of Guangxi for the development of an industrial park.
"We also joined in another investment activity dubbed as "Invest in ASEAN: Promotion Conference on ASEAN Industrial Parks", which intends to enhance exchanges between Chinese and ASEAN industrial parks and encourage more Chinese enterprises to invest in the ASEAN," Panlilio said.
For this event, Authority of Freeport Area of Bataan Chairman Deogracias P. Custodio gave a marketing pitch for the Philippine industrial parks and focused on the eight investment promotion agencies (IPAs) engaged in the development of industrial parks. He also highlighted the investments and employment generated by these IPAs, investment incentives, and the high profile locators such as Hanjin, Texas Instruments, the Japanese sogo soshas or general trading companies, and Chinese investors.
This activity also had a business matching part where IPAs of ASEAN member countries meet with Chinese investor for possible tie up of investment projects. The Philippine IPAs that attended this business matching session CDC, AFAB, Bases Conversion Development Authority (BCDA), and Poro Point Industrial Economic Zone.
"We also had an investment booth where we showcased our capability and potential in industrial park development. We featured the CDC, Poro Point Industrial Economic Zone and Authority of the Freeport Area of Bataan," Panlilio said.
This booth was provided by the CAEXPO Secretariat. Through this booth, the BOI was able to gather investment leads.
"We also organized an investment seminar to encourage Chinese and ASEAN investors to locate their investments in the Philippines through presentations on the country's business climate and investment opportunities," Panlilio said.
Based on data from the National Statistical Coordination Board (NSCB), total approved foreign direct investments (FDI) for the first and second quarter of 2012 from China amounted to Php 392.6 million, which is up by 60 percent from last year's Php 245.1 million. In 2011, China was the top three investing country with a total approved FDI of Php 20,562.5 million or 10.38 percent share.
During the investment seminar, Philippine Consul General to Guangzhou Raly Tejada welcomed about 150 guests. San Fernando City Mayor Pablo Ortega spoke on San Fernando City as the featured City of Charm of the Philippines, and the Poro Point Development Corporation.
Likewise, BOI Director Dennis R. Miralles presented the "10 magic indicators of a growing Philippine economy". This was followed by the testimonial on investing in the Philippines by Mr. John Boakes, Business Development Officer of the Global Gateway City. (end)
Mindanao Banana Congress set in Davao City on November 7-8
DAVAO CITY – A gathering of at least 500 banana industry stakeholders from all over Mindanao will be conducted on November 7 and 8 at SMX Convention Center, SM Lanang Premier here.
The stakeholders are composed of growers, farmers, cooperatives, suppliers of production inputs, traders, exporters, logistics players, industry associations, agrarian reform communities, research institutions, academe, other support groups and participants from government agencies and local government units (LGUs).
Spearheaded by the Philippine Exporters Confederation, Incorporated (PhilExport) Davao Chapter, the Mindanao Banana Congress is expected to result in the attainment of five major outcomes, to wit: formulation of the banana industry roadmap; improved access to government support programs; established supplier-buyer linkages; significant contribution of the banana industry on the hunger and malnutrition mitigation measures of the government; and industry growth and development.
Department of Trade and Industry (DTI) Regional Director Marizon S. Loreto said that as a partner of this endeavor, the agency is giving its full support to the first-ever Mindanao-wide banana conference.
"This is an event that shows how important convergence is between the government and private sector especially in achieving industry growth and development," she said.
The two-day forum will likewise tackle the various issues and concerns confronting the banana industry namely: plant diseases, phytosanitary standards protocol, good agricultural practices and product traceability.
Other topics include integrated management and control of major banana diseases. Discussion on the proposed Banana Research Center shall also be included. Side events include the Banana Business Café (Business Matching), the Banana Special Setting and the Banana Food Showcase, an exhibition of various banana recipes for commercialization.
Resource persons who are considered experts in their respective fields are invited to grace the occasion and share their insights and expertise to the participants.
For interested parties, they can contact Chug Torres of the Mindanao Business Council (MinBC), the Congress secretariat, at (082) 224-2581 or 225-0763 for more details. (END)
DTI-3 holds seminar on Motorcycle Helmet Law.
DTI-3 conducted a seminar on Motorcycle Helmet Law in order to educate the riding public and helmet retailers of Central Luzon on their specific duties and obligations under the said law. The Motorcycle Helmet Law known as the Republic Act 10054 was signed on March 2010 to secure the safety of motorcycle drivers and their passengers from the injurious effects of fatal or life threatening accidents and crashes.
The seminar on Motorcycle Helmet Law was one of the consumer oriented activities that were undertaken by DTI-3 and LTO in a month long celebration of National Consumer Welfare Month. The month of October every year is celebrated as National Consumer Welfare Month by virtue of Proclamation No. 1098 dated September 1997.
The celebration of the National Consumer Welfare Month has allowed DTI-3 to enjoin Central Luzon's consumers to be vigilant in their purchases of motorcycle helmets.
The seminar on Motorcycle Helmet Law aims to let motorcycle riders be aware that they are mandated to wear only certified protective motorcycle helmets while driving.
"The Motorcycle Helmet Law has been implemented to ensure the safety of motorcycle riders by requiring them to wear only DTI certified helmets. In the same way, the said law also requires all manufacturers and importers of helmets to secure a Philippine Standard (PS) License or an Import Commodity Clearance (ICC) prior to the sale and distribution of their products", said DTI-3 Director Blesila Lantayona. (END)
DTI-3 empowers Central Luzon consumers
The month long nation-wide celebration of Consumer Welfare Month has allowed DTI-3 to empower consumers from Central Luzon through the conduct of various Information and Education Campaign (IEC) which are designed to inform consumers of their rights.
The month of October every year is celebrated as National Consumer Welfare Month by virtue of Proclamation No. 1098 dated September 1997. As tradition, various consumer oriented activities are undertaken by DTI and its public and private partners in a month long celebration. This year's celebration bears the theme: "Get Organized, Be Heard, Be Empowered."
"This year theme highlights the important role that organized consumer groups have played in nation building. Consumer organizations have been DTI's valued partners in various advocacy campaign", said DTI-3 Director Blesila A. Lantayona.
Aside from consumer organizations, DTI-3 have partnered with other entities like Philippine Product and Quality Foundation Inc. (PPSQF Inc.) in conducting the various activities which are intended to let Central Luzon consumers to be aware of their rights. Among other things, these activities are:
· Seminars and forums on the enforcement of fair trade law
and on product standards.
· Regional poster making contest
· Games to challenge consumer awareness
"These activities are aimed to inform Central Luzon consumers of the joint effort of the public and private sectors in promoting and maintaining their rights. The month long celebration of Consumer Welfare Month creates a forum for consumers to be heard and empowered through the acquisition of valuable knowledge on laws concerning them", added Blesila Lantayona, DTI Regional Director for Central Luzon. (end)
Only the Best from CAR at IMPAKABSAT 2012
After generating an all time record high of 65Million in cash and booked sales during its last trade fair in Alabang, Muntinlupa City, this year's IMPAKABSAT trade fair featuring the best products from the Cordilleras is expected to hit another mark and make the yuletide season more progressive not only to sellers but buyers alike.
The IMPAKABSAT is an annual event spearheaded by the Department of Trade and Industry to promote the Cordillera Region's various crafts and industrial products. The acronym IMPAKABSAT stands for the reunited upland provinces namely; Ifugao, Mt. Province, Apayao, Kalinga, Abra, Benguet and Baguio City completed with the Ilocano word "kabsat" which is understood to mean sibling, brother or sister in Northern Luzon. It can be recalled that these provinces were once separated by virtue of the Separation Bill of 1966 and reunited in 1986 by then President Corazon C. Aquino.
This trade fair first came to be known in 1991 when the Cordillera Administrative Region governing bodies and newly created line agencies initiated a move to boost CAR's trade capability and help the upland entrepreneurs whose businesses were affected by the killer earthquake of 1990.
Today, the IMPAKABSAT fair has created an identity and is now looked up as the hallmark of manufacturing industry in the Cordillera. Similar trade events such as this have indeed helped the country's SMEs in terms of raising quality standards and competitive stance. The fair which will be held at the Carousel Court, Festival Mall on November 2-11 2012 will showcase the products of over 80 exhibitors from the Cordillera region such as silvercraft, ethnic novelty items, houseware, furniture and furnishings, fresh and processed food, hand-woven products, woodcraft, bamboo crafts, and collectible antiques manufactured by the creative upland people. The soft launching of the fair will be on the mall opening hours of November 2 and the formal launching with invited guests will be on the 6th at 2PM.
For a region that takes pride in its unique culture and arts, handcrafted woodworks, skillfully woven tapestries as well as souvenir items, the CAR's IMPAKABSAT will once again display its unique blend of products in Muntinlupa City so don't miss the chance to be among the country's creative and hardworking people and reward yourself with a quality item from Northern Philippines. (END)