The Road Leveraging Linkages for Industry and Trade (ROLL IT) Regional Technical Working Group (RTWG) composed of the Department of Trade and Industry (DTI) R02, Department of Public Works and Highways (DPWH) R02, National Economic Development Authority (NEDA) R02 and Philippine Chamber of Commerce and Industry (PCCI) convened on 20 February 2018 at the DTI – NERBAC Conference Room to review and check the completeness of supporting documents of road project proposals submitted for inclusion in FY 2019 Budget Proposal. The process is undertaken as required in the ROLL IT Guidelines before the projects are endorsed by the Regional Development Council (RDC).

The PCCI was represented by Dr. Samuel Garcia, President of PCCI-Cagayan Chapter and Mr. Cloyd Velasco, Governor of PCCI-Region 02.

The ROLL IT is a DTI-DPWH Convergence Program which started in 2017. Fourteen projects from Region 02 amounting to over 500 million were funded in the GAA 2018. To date, there are over 150 proposals already submitted from across Region 02 for inclusion in FY 2019 Budget Proposal.♦

The members of the Cagayan Valley Coffee Industry Council (CVCIC) convened on February 28, 2018 for its 1st Quarter Meeting held at the DTI-R02 NERBAC Conference Room, Tuguegarao City, Cagayan.

The Department of Trade and Industry (DTI) Region 02 and the Department of Agriculture (DA) presided the 1st Quarter Meeting which was attended by a majority of its existing members and some potential entrants and covered a number of agenda such as the review of 2017 IC Performance, 2018 National and Regional Work Plans, the Philippine Coffee Conference, Philippine Quality Cupping Competition and data base build-up.

Most importantly, the meeting was highlighted with the initial discussion on the 2nd Regional Coffee Forum which will be held on April 28, 2018 in Ilagan City. The event will include plenary discussions and Product Launch for the 10 Aspiring Coffee Brands of the region.

Further, the council has already approved its organizational by-laws which shall govern policies on the operation, administration and membership to the council. ♦

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The Philippine Board of Investments (BOI), the industry development and investments promotion arm of the Department of Trade & Industry (DTI) recently signed (January 19, 2018) a Memorandum of Understanding (MOU) for a business cooperation on the promotion of investments in the Philippines with the Bank of China (BOC), one of China’s leading financial institutions.
Under the MOU, BOI and BOC will establish cooperation to promote investments through the conduct of investment seminars or missions, including business matching activities.  Both parties will also collaborate to foster economic and industrial linkages between investors and corporations by way of information monitoring and sharing on doing business and industry data.  As needed, BOI and BOC will also set up a special working team to undertake areas of cooperation and other shared efforts to attract more investments to pour in the Philippines.
BOI and Bank of China
Photo shows Trade Undersecretary and BOI Managing Head Ceferino S. Rodolfo (left) and Bank of China Ltd. – Manila Branch Country Head Deng Jun (right) showing the signed Memorandum of Understanding on the promotion of investments in the Philippines.
Photo shows Trade Undersecretary and BOI Managing Head Ceferino S. Rodolfo (left) and Bank of China Ltd. – Manila Branch Country Head Deng Jun (right) showing the signed Memorandum of Understanding on the promotion of investments in the Philippines. 
Trade Undersecretary for Industry Development and BOI Managing Head Ceferino S. Rodolfo, who signed the MOU on behalf of the agency said, “We are delighted to offer various investment opportunities that can be registered with the BOI through the 2017-2019 Investment Priorities Plan for Chinese companies. The BOI can help investors starting with their due diligence up to the company’s full operation. We hope that through this collaboration, the Philippines and China economic relations will continue to prosper and bring in more Chinese investors to do business in the country.”
Bank of China Ltd. – Manila Country Head Deng Jun who signed the MOU for BOC on the other hand said, “We are very happy to collaborate with the BOI by promoting Philippines to our business clients. As more Chinese investors are showing genuine interest to do business here, the BOC’s mission is to be the bridge between the Chinese market and the Philippine market and promote the use of RMB as an alternative settlement currency to lower the cost of trade between these 2 countries.”
China continuously pours in notable investments in the country, ranking eight top investors in the Philippines.  China’s investments in the Philippines reached Php2.07 Billion in the first nine months of the year, 388 percent higher than its total investments in the same period in 2016.
The Philippines and China relations continue to strengthen as both countries embarked on undertaking various agreements and initiatives which aims to further improve and develop economic relations. Some of the recent significant events between the two economies include the signing of US$13.5 Billion worth of business agreements and Memoranda of Understanding during the four-day Presidential Visit to China last October 2016, covering trade and investments, agriculture up to maritime security which is expected to generate over one million jobs into the Philippines.

    • Taiwan investors optimistic in PH investment prospects, eyes partners in agriculture and aquaculture industries

      Taiwanese investors remain bullish on Philippine business and investment opportunities particularly in the Mindanao region as representatives from the Taiwan External Trade Development Council (TAITRA) were recently in the country for a Business Opportunity Research Study Mission. The Philippine BOI Extension Office in Davao, with Mindanao Development Authority (MINDA), Department of Agriculture, Department of Trade and Industry, Local Economic and Investments Promotion Officers of Davao...

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