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
New York, USA - The Department of Trade and Industry with its Trade and Investments Promotion Group led a business forum in New York focusing on topnotch healthcare information management services being offered by world-class Philippine companies.
The 2018 Healthcare Information Management Services (HIMS) Business Forum was held at the Kalayaan Hall of the Philippine Center in New York on 26 February 2018. DTI Trade and Investments Promotion Group Undersecretary Nora K. Terrado led the Philippine delegation composed of seven (7) officials from business process outsourcing (BPO) companies and two industry associations.
The Philippine Trade and Investment Center in New York (PTIC New York) organized the said forum in cooperation with Healthcare Information Management Association of the Philippines (HIMAP). New York was the first destination of the roadshow, which ended in Las Vegas where the Philippine business delegation participated in the annual exhibition organized by American Health Information Management Association (AHIMA).
Undersecretary Terrado delivered a keynote speech highlighting the country’s 10-point socio-economic agenda underpinning DTI’s support for the development and promotion of IT-BPO clusters in selected new wave cities.
Terrado also emphasized the inclusion of capacity-building infrastructure in the countryside, and the re-calibration of the DTI’s support for micro, small, and medium-sized enterprises (MSMEs) and technology-driven start-ups.
The forum served as a platform for DTI to highlight the Philippines’ strong GDP growth, the expanding middle class and the record levels of private and government consumption as barometers of a stable and sustainable investment landscape for partners and investors from the United States.
Meanwhile, representatives from HIMAP presented the developments in the industry, highlighting the Philippine’s value proposition as among the top destination for healthcare and information management services. DTI’s Special Trade Representative, Mr. Nicanor Bautista of the PTIC New York moderated the forum’s open discussion.
More investments, jobs ahead
|Trade Secretary Ramon Lopez (5th from right) met with senior representatives of leading member companies of the American Apparel and Footwear Association (AAFA) in New York City on 31 August 2017 to discuss potential expansion of manufacturing facilities in the Philippines. The trade chief was joined by DTI Undersecretary Rowel Barba (4th from left), Philippine Consul General Maria Theresa Dizon-de Vega (6th from right) and Philippine Special Trade Representative to New York Nicanor Bautista (5th from left).|
NEW YORK—The Philippines continues to strengthen business collaboration with investors and multinational corporations based in the United States.
Speaking to 85 business executives in the Philippine Investment Forum on 31 August, Department of Trade and Industry (DTI) Secretary Ramon Lopez highlighted the sound macroeconomic fundamentals of the country, aiming a 7% to 8% increase in GDP annually and reduce poverty from 21.6% in 2015 to 14% by 2022.
The trade chief also shared the government’s focus on infrastructure development with USD 160 billion worth of projects to directly address investors’ concerns on power supply, affordable telecommunications, and efficient transport of goods and services.
At the sidelines of the Forum, Sec. Lopez with DTI Undersecretary and Chief of Staff Atty. Rowel Barba met with different associations and business executives to seek opportunities for the manufacturing industries and to continue the government’s engagement with US business stakeholders.
The trade chief had a roundtable meeting with the members American Apparel and Footwear Association (AAFA) to discuss potential relocation and expansion of their manufacturing facilities in the Philippines. He also encouraged member companies, which include Tellas Limited (formerly Luenthai USA), Under Armour Inc., Michael Kors (USA) Inc., Ralph Lauren Corporation, Coach Inc., and the Ascena Retail Group Inc., (makers of Ann Taylor, Loft, Lane Bryant, Dressbarn, and Catherines) to take advantage of the extended duty-free treatment to imports of travel goods (including luggage, handbags, backpacks, tote bags) under the Generalized System of Preferences (GSP) Program.
Meanwhile, the Philippine Trade and Investment Center in New York noted that AAFA members and the brands they carry have increased their presence in the Philippines due to huge domestic market, rapid economic growth and expanding middle class.
Sec. Lopez also met with the officials of a research-centric organization, the US-Philippines Society, for a collaborative project to streamline the country’s revenue-generating operations, to respond to internal and external security concerns, and to mitigate the impact of global warming on vulnerable sectors.
Shearwater CFO and COO Tom Kendrot joined the series of meetings with Sec. Lopez to confirm Shearwater’s expansion through its third operation center in the Philippines, opening in 2018 in Iloilo City.
Shearwater is a US clinical solutions provider, which has clinical process outsourcing operations in Taguig City and Cebu City. Such expansion is expected to bring in USD 7 million worth of investments and increase the company’s labor footprint in the country to 3,000.