MAKATI - Department of Trade and Industry (DTI) Secretary Ramon Lopez revealed that PT Pertamina, the second-largest crude oil producer in Indonesia, expressed their interest to take part in the development of Liquefied Natural Gas (LNG) in the Philippines (PH) through a regasification hub project worth an estimated USD 1B.
"More investors, in different industries like PT Pertamina, have expressed their confidence in the country’s economic stability and business environment under the Duterte administration. They wish to partner with us in creating a more comfortable life for every Filipino through various opportunities," said Sec. Lopez.
According to PT Pertamina Corporate Marketing Director Basuki Trikora Putra, the company is ready to offer its integrated LNG solutions by investing in FSRU or landed based LNG regasification and provide competitive LNG supply.
In a meeting on 29 January 2019 with the company’s executives, Sec. Lopez shared the growing energy landscape in PH and the government’s position on renewable energy sources.
“The Philippines is very much open for LNG investors. We will assist and work with them in looking for trusted partners until they begin their operations,” he added.
PT Pertamina is a state-owned national energy company of Indonesia, which owns six refineries in their country that have combined production capacity of one million barrels of oil a day.
“Having a long experience as one of the world leading LNG global players, we would like to share the same experience in the Philippines. We are really keen to invest in the Philippines,” said Mr. Putra.
The company is also set to meet with the Board of Investments (BOI), Department of Energy (DOE), and Energy Regulatory Commission (ERC) to be aligned with PH’s plans and policies on energy and investment. This is the first visit of PT Pertamina in PH.
Present during the meeting were Indonesian Ministry of Foreign Affairs Director for SEA Hastin Dumati, PT Pertamina LNG Global Venture Manager Imam Mul Akhyar, SVP Gas & LNG Management Tanudji Darmasakti, DTI Undersecretary Rowel Barba, Assistant Secretary Angelo Taningco, BOI International Investments Promotion Service Chief Lanie Dormiendo, Director Nestor Arcansalin, and Indonesian Embassy Manila First Secretary Arief Adnan.♦
Date of Release: 30 January 2019
The Philippines, through the Department of Trade and Industry (DTI), is set to send a trade mission to Jakarta and Manado on 4 to 8 September in a bid to sustain the Davao-General Santos-Bitung Roll-On, Roll-Off (RORO) operations and expand trade with Indonesia.
The DTI said it is lending support to the Davao Chamber of Commerce and the Indonesian Consulate in Davao in organizing the upcoming trade mission to Jakarta and Manado.
“Sustaining the RO-RO operations, launched in April this year by President Rodrigo Duterte and Indonesian President Joko Widodo, is high on the agenda of DTI,” Trade and Investments Promotion Undersecretary Nora K. Terrado said.
“We want to see the sustained operations of the shipping service so our local entrepreneurs, particularly our small and medium enterprises in Mindanao, could begin to reap the gains from enhanced connectivity between Mindanao and Sulawesi, and the greater BIMP-EAGA region,” Undersecretary Terrado added.
The Philippine business delegation composed of government representatives and local entrepreneurs in Davao will focus on building networks and partnerships with Indonesian companies in the areas of trading, joint venture agreements, joint production schemes, and other forms of strategic partnerships.
Among the companies that are part of the delegation are Eagle Multi Purpose Cooperative, Mindanao Agriplus Corporation, Certuso Structural Speacialists Corporation, Halal Business Council, Aleson Shipping Lines, Inc. and Fastcargo Logistics Corp.
Business-to-business (B to B) meetings and networking sessions, site visits in Bitung Port as well as market and company visits are included in the mission’s itinerary.
DTI Regional Director Belenda Ambi noted that DTI expects targeted, high-quality meetings during the B2B and networking sessions. Meanwhile, market visits aim to help the business delegation to understand the Indonesian market in terms of product offerings, pricing, packaging, and competition.
“We enjoin the full cooperation of all stakeholders of both countries to maximize the opportunities being offered by the sustained operations of the route. This is a great opportunity that has been made available to local entrepreneurs to ensure that they could participate more in international business,” Ambi said.
The Department of Trade and Industry (DTI) spearheaded by the Export Marketing Bureau (EMB) is conducting an Outbound Business Matching Mission (OBMM) slated this month for the education sector, a continuing initiative of DTI to sustain promotion of the Philippines in Indonesia as an excellent and cost-effective “Study Abroad” destination in line with the government’s efforts to campaign for the country’s export potentials in education services.
The mission, as part of the government’s agenda to explore opportunities brought about by regional and preferential-trading agreements, aims to expand market access within existing and new trade partners, specifically on education service exports.
“The Philippine education sector has much to offer to the Indonesian market and would bode well to strengthen the Philippines’ bilateral relations with Indonesia aside from maximizing the opportunities from the Free Trade Agreements and the ASEAN market integration,” said DTI Export Marketing Bureau Director Senen M. Perlada.
The mission will highlight Philippine education offerings in both formal and vocational courses. The delegation will be composed of representatives from the leading Philippine universities and accredited institutions in this year’s participation to the World Education Expo Indonesia 2017 (WEEI).
The WEEI, a platform dedicated for students to find the right education in distinguished overseas institutions across the region and the world, is Indonesia’s biggest annual education expo. Likewise, it’s the country’s most universal education exhibition with institutions from over 20 countries participating. The event guarantees an audience of more than 10,000 students from over 150 national high schools and universities across four cities in Indonesia.
With Indonesia’s population of 250 million, it offers a lot of opportunities for Philippine education institutions to tap. Yearly, tens of thousands of Indonesian students choose to study abroad. The number continues to rise alongside a growing middle class. The interest has largely been made possible as students continue to become more fluent in English and other secondary languages. Given this, demand for better education and a good learning environment are the opportunities that the Philippines can take advantage of through this education expo.
The participation in the World Education Expo will also highlight the visit in Indonesian schools wherein a venue will be provided for student’s career orientation. Additionally, conduct of pre-arranged one-to-one business matching meetings with Indonesian education institutions, consultants, students, parents and other interested parties wishing to form joint venture agreements, franchising and other forms of collaboration with the participating Philippine institutions will take place during the duration of the mission.
This initiative of DTI-EMB is well supported by the Embassy of the Republic of the Philippines and the Commercial Section of the Embassy.
The Philippine education showcase banks on the country’s reputation as an excellent choice for foreign students considering the Philippine schools’ quality courses, affordable tuition fees and cost of living, and a destination with cultural similarities within the region. English, as its primary medium of instruction, along with its inherent multicultural learning environment atmosphere with blended mix of fun and enjoyable stay in the country, is an advantage as well.♦