The Foreign Trade Service Officers successfully conducted their regional planning consecutively held from 03-13 December 2018 to discuss and review strategies in promoting Trabaho, Negosyo, Kabuhayan (TNK) goes Global program for overseas Filipinos, Philippine Export Development Plan (PEDP), and the country’s Investment Priorities Plan to improve the Philippines’ trade relations and increase investments for the year 2019 onward, among others.
Date of Release: December 2018
At the sidelines of the 33rd ASEAN Summit, DTI Secretary Ramon M. Lopez spoke as a panelist along with Singapore Minister of Trade and Industry Chan Chun Sing and Malaysia Minister of International Trade and Industry Datuk Darell Leiking at the ASEAN Business and Investment Summit (ABIS) 2018 recently held in Singapore.
The discussion focused on NAVIGATING ASEAN’S ECONOMIC where panelists shared respective thoughts on how to press harder on economic integration and further trade liberalization within ASEAN and each government’s efforts to sustain growth momentum in the region amidst China-US trade tensions and rising protectionist sentiments.
ABIS 2018 comprised of two-day business conference revolving around the theme of “Building Tomorrow, Connecting Today” and has attracted more than 1,000 participants which included high-level government and business personalities from the region and beyond who are pivotal in elevating the economic growth in ASEAN.
The ABIS is an annual event simultaneously held with the ASEAN Summit and serves as a platform that enables thought leadership sharing by head of states, key policy makers and top business leaders about ASEAN’s business and investment landscape. ABIS 2018 was organized by the ASEAN Business Advisory Council (ASEAN-BAC) and the Singapore Business Federation (SBF).♦
Date of Release: 22 November 2018
|The Davao delegation headed by its city administrator Atty. Zuleika Lopez (center) at the iconic Singapore’s Merlion and Marina Bay Sands.|
The City Government of Davao embarked on a 3-day Investment and Tourism Roadshow in Singapore to promote various investment and tourism opportunities in the crown jewel of Southern Philippines.
Known as the safest city in the Philippines, Davao City enjoys continues surge in tourist arrivals after President Rodrigo Duterte, who was its city mayor for about 20 years, was elected as President of the Republic of the Philippines in 2016.
From 1.6 million tourist arrivals in 2016, Davao City welcomed 2 million tourists in 2017 and as more tourists come so as the need for more investments for infrastructure, hospitality, food manufacturing and Halal businesses in the city.
DTI Singapore and the Philippine Embassy in Singapore assisted the Davao City delegation in meeting the leaders of the Singapore Business Federation, Singapore Fruits and Vegetables Import and Export Association (SFVIEA), Singapore Malay Chamber of Commerce & Industry (SMCCI),National Association of Travel Agents Singapore - NATAS and National University of Singapore Society (NUSS).
|Davao City government conducted a well-attended seminar on "Doing Business in Davao City" at the Singapore Business Federation premises in coordination with PTIC Singapore. In photo (L-R) DTI Singapore Commercial Counselor Cynthia Ricafort, Philippine Embassy in Singapore Ambassador Joseph Yap, Singapore Business Federation Chairman Teo Siong Seng, City Government of Davao Administrator Zuleika Lopez, Davao City Counselor Jimmy Dureza and Davao City Investment Promotion OIC Lemuel Ortonio.|
|The Davao delegation with Singapore Fruits and Vegetables Import and Export Association (SFVIEA) Chairman Tay Khiam Back and other SFVIEA officers.|
|The Davao delegation with the officials and members of the Singapore Malay Chamber of Commerce & Industry (SMCCI).|
|The Davao delegation paying a courtesy visit at the Philippine Embassy in Singapore where they met Philippine Ambassador to Singapore Joseph del Mar Yap and other Embassy officials.|
As a side activity during the City Government of Davao 's Roadshow in Singapore, the delegation had a site visit to Orient Pearl Group (OPG) and met the people behind one of the largest Philippine food importers in Singapore. Through the site visit, the delegation had an overview of Singapore food market, learned the emerging buying trends locally and recognized the value of importers to market Philippine brands in a foreign country. In photo are the Davao City delegation together with OPG official (middle) Mr. Muthu Murgaiyan.
Date of Release: 22 November 2018
|DTI Secretary Ramon Lopez with the DTI officials and Philippine delegates at the Philippines Booth.|
DTI Singapore successfully represented the Philippines at the ASEAN Business and Investment Summit (ABIS) 2018 through a booth exhibition promoting the country as the leading investment destination in the region.
The Philippine booth displayed several investment information to convey to summit participants that aside from young, educated and English-speaking workforce, the Philippines offers foreign investors a captive 101 million domestic market and unrivaled access to other key markets such as the ASEAN, ASEAN Partners (China, Japan, South Korea, India, Australia and New Zealand), EUROPE - EFTA (Switzerland, Norway, Iceland, and Liechtenstein) EU (GSP+), and the United States
ABIS 2018 attracted more than 1,000 participants which included high-level government and business personalities from the region and beyond who are pivotal in elevating the economic growth in ASEAN.
The event was held last 12-13 November at the Sands Expo and Convention Center and was organized by the ASEAN Business Advisory Council (ASEAN-BAC) and the Singapore Business Federation (SBF).♦
Date of Release: 22 November 2018
DTI Singapore Commercial Counselor Cynthia Ricafort delivered a talk today on “Doing Business in the Philippines” at an investment seminar organised by Raja & Tann Asia.
On her presentation, Ms. Ricafort highlighted the continuous surge in the manufacturing industry in the Philippines where it is experiencing an average annual growth of 7.6% since 2010, making Philippines the best country to invest in manufacturing.
Aside from investment opportunities in manufacturing, electronics, aerospace, IT/BPO, healthcare and tourism, Ms. Ricafort stressed that infrastructure is also another fast-growing industry in the country which demand foreign investments as the government’s “Build, Build, Build” program is in a full swing.
Furthermore, Ms. Ricafort mentioned the government’s effort to protect the interests of foreign investors with the implementation of R.A. 11032 or the Ease of Doing Business Act which simplifies and shortens the business processing in the country.
Also present in the seminar are Philippine Embassy in Singapore Ambassador Joseph Yap who delivered the welcome address, Enterprise Singapore Deputy Director for Southeast Asia Mr. Chew Hwee Yong who gave a talk on the services of Enterprise Singapore to Singapore businesses wanting to go international, and partners from C&G Law Office in Manila - Atty. Albert Vincent Yu Chang and Atty. Annalisa Carlotta who both provided an overview of the legal aspects of doing business in the Philippines.♦
Date of Release: 19 October 2018