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24 June 2019

Published also in Business Mirror

DEMAND for video games is increasing in South Korea, with software expected to continue recording strong growth over the next few years.

The Euromonitor Digest, the online publication of the Export Marketing Bureau of the Department of Trade and Industry, said new video games hardware, an Internet-connected one which enables access to the Steam platform, allows game producers to upload their games to the platform and pay a commission of 30 percent.

The report said it does not require storage place or inventory, and this is set to support growth of video games software (digital) over the forecast period.

Manufacturers of console game hardware are also following this trend, which will likely lead to lower sales of video games software (physical), it added.

The Euromonitor Digest said the already-high possession rate of smartphones is expected to increase, thus supporting growth of mobile games which are set to record strong constant retail value growth.

It noted online games have a spending limit while mobile games have no budget limitation.

The report cited data indicating that the number of female gamers is increasing gradually. Thus, unlimited gaming spend and the increasing number of game players will likely support the growth of mobile games, it said.

“Small and medium-sized companies focused on online games and overseas markets such as China, South East Asia and the US while developing games in South Korea,” it said.

24 June 2019

Published also in Business Mirror

THE Department of Trade and Industry (DTI), through the Export Marketing Bureau (EMB), conducted business-to-business (B2B) matching activities of the recently concluded International Food Exhibition (Ifex) Philippines. It was held from May 24 to 26, 2019, at the World Trade Center (WTC), Pasay City, Metro Manila.

The B2B matching activities were coordinated with the active support of DTI-EMB’s partners, the Center for International Trade Expositions and Missions and the Foreign Trade Service Corps through the Philippine Trade and Investment Centers in servicing buyers and exporters.

“DTI-EMB took the lead in the business matching with the use of special venue called IFEX Connect. Several matches were determined, and commitment between buyers and exporters transpired.  DTI will continuously support our partners in export to meet their counterparts through B2B as one of EMB’s programs, and bring more products in the international market,” DTI-EMB Director Senen M. Perlada said.

The meetings took place at the Ifex Connect, the event’s primary business matching area for exhibitors and buyers to come together, meet and do business negotiations. It also served as a venue in promoting Philippine food products, exchange ideas and negotiate further on the details. Prearranged business schedules were facilitated where buyers’ requirements are properly matched with the right exporters. Buyers were able to maximize their desire to find the right partners for their products.

Leading buyers and top grocers from the United States, Canada, ASEAN, Australia, New Zealand, China, Hong Kong, East Asia, Europe, Middle East and Africa and South Asia attended the activity.

The Philippine exporters who took the opportunity in meeting the buyers were able to promote various products like fresh and processed fruits and vegetables, alcoholic and nonalcoholic beverages, bakery and confectionery, snack food, beverages, sugar, sauces and condiments, meat and poultry, dairy products, cacao, coffee, seafood and coconut products. The presence of companies that are halal-certified, with natural and organic food and ingredients and other certifications was considered primarily by the buyers in the negotiation panel.

Philippine exporters met more potential buyers this year. Filipinos are receptive to the requirements of the buyers and the technology necessary to their products. Some buyers discovered new products as well and were enlightened on the uses of some healthy products. Due to an increased number of matches, sales succeeded to an amazing $13.81 million, booked and under negotiation, from 568 business matches assisted.

24 June 2019

Published also in Business Mirror

AFTER the successful turnout of Ifex Philippines NXTFood Asia last month, the Center for International Trade Expositions and Missions (CITEM) now sets its sights on the Taipei International Food Show (TIFS) from June 19 to 22, 2019, at the Taipei Nangang Exhibition Center and the Taipei World Trade Center (TWTC).

As the Department of Trade and Industry’s (DTI) export promotion arm, CITEM will be managing the Philippine delegation at this year’s TIFS. The Philippine Pavilion will be at the ground floor of the TWTC Hall 1.

More commonly known as Food Taipei, this year’s TIFS will also be held concurrently with four other food-related shows (Foodtech and Pharmatech Taipei, Taipei Pack, Taiwan Horeca and Halal Taiwan). This 5-in-1 food show provides visitors and exhibitors a one-stop shop to engage companies, brands and suppliers from all facets and related sectors of the food industry.

For this edition, the Philippine delegation will be bringing with it both returning and first-time exhibitors to Taiwan which will all be united under the theme “FoodPhilippines.” The theme’s goal is to highlight the natural and healthy food products of the Philippines while putting a special focus on the country’s premium tropical fruits (e.g., banana, mango, pineapple, calamansi), coconut products (e.g., virgin coconut oil, coco water, coco powder, desiccated coconut), natural sauces and condiments, and ready-to-eat processed foods and beverages.

Some companies returning to Food Taipei this year are Destileria Limtuaco, Year Luck and Century Pacific Food. Joining them are TIFS newcomers like GainCoco, Leonie Agri Corp. and JND Manufacturing Industries.

Many of these exhibitors will be going to Taiwan with the goal of raising their brand awareness, promoting their new product lines and exploring the Taiwanese market in the hopes of landing foreign clients not only in Taiwan, but also in mainland China.

Last year’s Philippine participation in Food Taipei generated $25.83 million in sales from 18 participants. For the 2019 edition, DTI-CITEM has a sales target of $26 million along with an increase in the number of business inquiries. With the number of health-conscious consumers on the rise, the FoodPhilippines theme is bound to make an impact on both the international and Taiwanese buyers at the show.

24 June 2019

Published also in Business Mirror

THE Department of Trade and Industry (DTI) through the Philippine Trade and Investment Centre (PTIC) in Sydney featured two award-winning products from the Philippines at the Independence Day celebrations in Australia on June 10, 2019.

Guests sampled Malagos Chocolates, the award-winning Philippine chocolates from Davao. The renowned chocolates were made from tree-to-bar—a process by which the sowing, tending, harvesting, fermenting, drying, sorting, roasting and producing the chocolate is done right on the company’s  farm—giving the products a more distinctive and pronounced taste.

Due to the distinctive quality of its product, Malagos Chocolates has garnered prestigious international awards putting the Philippines, specifically Davao, in the chocolate map of the world.

Meanwhile, Manille Liqueur de Calamansi and Paradise Mango Rum were also served during the celebrations in Sydney and Perth.

Manille Liqueur de Calamansi is a vodka-based drink that uses the essence of the zesty calamansi or Philippine lime rind sourced from the Mangyan farmers in Mindoro province in the Philippines.

Another product, Paradise Mango Rum, is a natural fruit-based liqueur made from world-renowned Philippine mangoes and premium aged rum. The product has garnered numerous awards overseas and is a testament to the capability of the Philippines to produce global brands recognized and appreciated by international connoisseurs.

“We want Australians to know we have good quality products in the Philippines recognized and appreciated internationally. Our goal is to make these products available in supermarket shelves, boutique stores, duty-free shops, hotels, bars and specialty stores in Australia soon,” Philippines Special Trade Representative to Australia Alma Argayoso said.

17 June 2019

By Louise Kaye G. Mendoza | Knowledge Processing Division | DTI-Export Marketing Bureau

Published also in Business Mirror

IN coordination with the Export Marketing Bureau (EMB) of the Department of Trade and Industry, the Philippine Trade and Investment Center (PTIC)-Taipei and the QBO Innovation Hub, Philippine start-ups get the opportunity to introduce their companies and network with possible investors in the Slingshot Philippines Startup Ecosystem Pavilion during the InnoVEX 2019 Conference from May 29 to 31 in Taipei, Taiwan.

A STARTUP from the Philippines was adjudged the most promising startup during the InnoVEX 2019 Conference held from May 29 to 31, 2019 in Taipei, Taiwan.

Antipara Exploration was among 11 Philippine companies that participated in the event.

The country’s participation was organized by the Manila Economic and Cultural Office (MECO) and Philippine Trade and Investment Center (PTIC)-Taipei, in close partnership with the Department of Trade and Industry’s Export Marketing Bureau (DTI-EMB) and QBO Innovation Hub. A delegation of 11 local startups with Spring Valley Philippines exhibited at the Slingshot Philippines Pavilion at the exhibit.

The 11 startups were chosen from 40 applicants that offer innovative products from various fields such as artificial intelligence (AI), machine learning, geospatial mapping, innovative housing solutions, cyber security, smart advertising and e-commerce, education, financial technology (fintech), logistics and data science-enabled market research.

The pavilion aimed to expose Philippine start-ups to the global market and showcase the country’s talent, ingenuity and strength as a budding start-up nation.

Also, PTIC-Taipei organized facility tours for the participating start-ups to various incubators and accelerators located in Taiwan. Among the facilities visited by the delegation were the Center of Industry Accelerator and Patent Strategy (IAPS) in Hsinzhu City and New Taipei City, and the Center of Innovation Accelerator in National Tsing Hua University.

The tours gave the start-ups a chance to learn, connect and partner with Taiwanese start-ups, and be part of the incubation programs offered by these facilities.

Moreover, four Philippine startups, including GYPSY, Antipara Exploration and Cryptors, were among the 10 start-ups handpicked to pitch their platforms on stage during the Investor Matchmaking session on the second day of the conference. These start-ups were chosen out of 467 startups that exhibited at InnoVEX.

The session was attended and judged by participating international investors and partners. Antipara Exploration will get exclusive assistance from Taiwan Tech Arena (TTA) and access to the Asia Pacific Accelerator Network (AAN) global partners.

The Global Demo Day  InnoVEX was also held on the last day of the conference to showcase selected start-ups from four exhibiting countries. Five Philippine start-ups and Spring Valley Technology and Innovation Hub presented their solutions, alongside start-ups from Canada, France and Poland.

Approximately 100 meetings were held between the start-ups and potential partners, incubators/accelerators and investors during the five-day delegation trip.

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