The Department of Trade and Industry’s (DTI), through the Philippine Trade & investment Centre (PTIC)-Singapore, recently held a seminar on online registration for single proprietorship at the investment boot camp hosted by The Global Filipino Investors (TGFI) in Singapore. PTIC-Singapore was represented by Commercial Counsellor Cynthia Ricafort who shared with over 800 attendees.
In February of this year, the DTI launched the Philippine Business Registry (PBR), an online system for entrepreneurs to register single proprietorships and apply for licenses. The objective is to do away with the repetitious process of having to fill up numerous forms and submitting the same official papers to different agencies. The PBR links DTI with the Bureau of Internal Revenue, Social Security System, PhilHealth and Pag-IBIG.
The PBR is one of the DTI’s contributions to the ease of doing business in the Philippines, in line with the administration’s commitment in streamlining processes to improve the country’s global ranking in Ease of Doing Business.
“I am very much looking forward to helping the TGFI bootcamp attendees become business owners. With the PBR, registration is easier, taking only five steps in 15 days, from 14 steps in 34 days,” said Commercial Counsellor Cynthia Ricafort.
TGFI is a community of Filipinos geared to promote financial literacy to improve the financial well-being of its members. The TGFI investors boot camp held at the Singapore Expo was the second global summit of the group and boasted of business experts on personal finance management, stock market, real estate, agribusiness and franchising.♦
|From left to right (seated in 1st row are the high-level officials): Philippine Software Industry Association president Jonathan de Luzuriaga, Philippine Ambassador to Singapore Antonio Morales, DICT Undersecretary Monchito Ibrahim and Philippine Commercial Counsellor for Singapore Glenn Peñaranda.|
The Philippines participated in CommunicAsia in May 2017 at the Marina Bay Sands & Convention Centre in Singapore. Spearheaded by the Department of Information and Communications Technology (DICT), the delegation showcased technologies and capabilities Philippine companies in IT services, solutions and outsourcing; data analytics; digital platform solutions; and telecommunications.
Furthermore, the organizer - Singapore Exhibition Services - chose the Philippines as the Country-in-Focus for this year providing an exclusive Philippines Connect session. At the forum, DICT Undersecretary Monchito Ibrahim presented the National Broadband plan for improving the connectivity in the country. He also discussed various ICT initiatives of the government. He was joined by the Philippine Software Industry Association President Jonathan de Luzuriaga who covered the Philippine IT-BPM Roadmap 2022.
Commercial Counsellor Glenn Peñaranda, representing the Department of Trade and Industry in Singapore, shared the business climate and opportunities in the Philippines. Philippine Ambassador to Singapore Antonio Morales attended as well and provided the opening address to welcome the guests.
CommunicAsia is the premier sourcing and knowledge ICT platform in Asia, bringing together a comprehensive display of cutting-edge technologies. ###
The Philippine Department of Trade and Industry’s (DTI) Philippine Trade & Investment Centre (PTIC)-Singapore recently presented at a seminar organized by The Global Filipino Investors (TGFI) with over 200 Singapore-based Filipinos participants. PTIC Commercial Counsellor Glenn Peñaranda shared DTI’s initiatives and projects in promoting and spurring entrepreneurship in the Philippines and abroad. Encouraging overseas Filipinos to invest in the Philippines and urging them to become entrepreneurs are key initiatives of the Philippine government to achieve inclusive growth. The event featured Jerry Ilao, owner of Ink-All-You-Can, and member of Association of Filipino Franchisers of the Philippines. TGFI is a community geared to promote financial literacy to improve the financial well-being of Filipinos. DTI continues to encourage overseas Filipino investors to explore idea-based, demand-driven and innovation-led business and investment opportunities back home in the industries of food, franchising, agriculture and services.♦
The Department of Trade and Industry’s Philippine Trade and Investment Center (PTIC) in Singapore is working closely with four Filipinos from Cebu who are presently based in Singapore, to officially introduce Geopik, an app that will revolutionize the postal system in the Philippines.
Filipinos Francisco Liwa, Ivan Lacuesta, Rodessa Padrigano and John Ryan Loyloy utilize the digital address system using geohashing and geolocation technologies similar to that used by apps such as Waze or Google Maps.
Geopik converts long addresses or the absence of house numbers which is common in the Philippines, into more exact, customizable and easy-to-remember single codes. The app reduces the hassle brought by additional information to the actual address such as “house with blue gate, in front of a mango tree” by simply converting addresses to simple digital codes.
Seeing the inefficiency in the Philippines’ postal coding, the PH startup Geopik set out to offer a solution to e-commerce, logistics, and other location-dependent businesses.
“It’s such a unique experience to help build something and be part of its growth from the very beginning. This is our way of taking charge of our future and making an impact back home in the process,” said GeoPik co-founder John Loyloy.
Aligned with the Philippine government’s thrust to develop an innovative entrepreneurial culture, DTI supports startups and helps strengthen the innovation ecosystem in the country through various initiatives such engaging startup entrepreneurs.
In 2016, DTI launched the QBO Innovation Hub situated at the DTI International Building, Makati City. It is the first public-private innovation hub in the Philippines that aims to provide support services to startup and innovation entrepreneurs. The DTI partners with incubator and accelerator Ideaspace Foundation, the Department of Science and Technology (DOST), and JP Morgan.
In Singapore, parallel initiatives are being done by the PTIC led by Commercial Counsellor Glenn Peñaranda, who engages with the Filipino community by speaking at investment seminars and online channels on entrepreneurship with the goal of providing more job opportunities for Filipinos.
“Startups play a pivotal role in driving innovation and economic growth hence we are happy to help GeoPik reach out to decision-makers and to potential users. We also look forward to work with more Filipino startups here in Singapore and the region and help them scale up,” said Commercial Counsellor Peñaranda.
|In photo: (L-R) Philip Pang, Singapore International Chamber of Commerce (SICC) Director for Government Relations; Philippine Commercial Counsellor Glenn Peñaranda; Philippine Ambassador to Singapore Antonio Morales; Victor Mills, SICC Chief Executive.|
Department of Trade and Industry (DTI) Philippine Trade & Investment Centre (PTIC) – Singapore Commercial Counsellor Glenn Peñaranda talks about the Philippines’ hosting of the ASEAN and its Business and Investment Program (ABIP) with the Singapore International Chamber of Commerce (SICC). SICC invited Peñaranda in its March 2017 ASEAN Committee meeting. Peñaranda further shared the agenda of steering the ASEAN to full economic integration through greater trade and investment among member countries and detailed the DTI’s ABIP events that will complement the country’s priorities under the ASEAN Economic Community pillar. Peñaranda covered as well the latest investment climate and opportunities in the country, highlighting the strong presence of Singapore businesses in various sectors. The SICC is the first business chamber in Singapore. Its key themes are on ASEAN, innovative collaboration, realities of the present and sustainability of Singapore. The Chamber celebrated its 180th in February of this year.♦