by admin | Oct 14, 2016 | Headlines, National News
The Philippines, through the Department of Trade and Industry’s Trade and Investment Center in New Delhi (PTIC – New Delhi) recently held trade and investment roadshows which were dubbed as “Business Round Table: Strategic Trade and Investment Opportunities with the Philippines” in two of India’s top business cities, Mumbai and Bangalore.
“India can look to the Philippines as a secondary location to access the ASEAN Economic Community, and other important regional markets. In addition, the Philippines is the only ASEAN country with EU GSP+ privileges and GSP privileges in the USA,” emphasized Philippine Commercial Counsellor Michael Alfred V. Ignacio in New Delhi.
The events, hosted by the World Trade Centers located in the said cities, are primarily aimed to establish stronger business ties with India. At present, India is considered as one of the world’s fastest growing major economies.
PTIC – New Delhi noted that the event provided a platform for the Philippines to position itself as an attractive investment hub and as a strategic gateway to the six hundred twenty-two (622) million market of the ASEAN Economic Community, one of the fastest growing regions in the world.
“Besides English as the main language of business of both countries, India and the Philippines are also among the world’s fastest growing economies and are major players in the global IT-BPM Value Chain. Tier II IT and BPM companies from India can follow the example of 14 of India’s top companies who are already located in the Philippines to strengthen their foothold in the global services markets,” added Ignacio.
The Philippine economy grew by 7% in the 2nd quarter of 2016, while India with a population of 1.2 billion, is expected to post above 7% GDP growth for the same period.
According to DTI PTIC – New Delhi, Philippines looks forward to tap the unexplored high potential for trade and investment partnership with India. With 345 economic zones, the Philippines is seen as an ideal hub in establishing India’s commercial presence and reach out to high potential markets in the Asia Pacific rim.
DTI PTIC – New Delhi presented excellent opportunities in priority sectors such as IT Enabled Services (ITES), automotive components, public-private partnerships (PPP) and infrastructure development. It also identified potentials of Philippine products such as high innovation and design-driven products for niche markets, electronics and semi-conductors. Philippines also positions itself as an alternative education destination for Indian students.
Noting the substantial contributions of the Philippine electronics and semiconductors industry in the Philippine economy, M N Vidyashankar, President of the India Electronics and Semiconductors Association and former Principal Secretary in the State of Karnataka mentioned, “We can definitely work together to help the two countries enhance business relationships in the electronics system design and manufacturing space. As the Philippines is a very strong player in this regard and we would like to take advantage in terms of joint-ventures, collaborations and partnerships for companies from the two countries.”
The Indian electronics and hardware industry is expected to perform well above 10% growth levels and reach $112-130 billion by 2018, according to an ASSOCHAM- Ernst and Young study released in April 2016.
At present, India’s electronics and seminconductors current size is at $75 billion which makes it an attractive market for the said industry. Some of the said drivers of growth for the said industry include increasing consumer demand and disposable incomes, and the declining prices of electronics.
India is currently the 20th trading partner of the Philippines.
For more information on the services of the DTI, log-on to http://www.dti.gov.ph
by admin | Oct 14, 2016 | Headlines, National News
The Promotion of Green Economic Development (ProGED), a project jointly implemented by the Government of the Republic of the Philippines (represented by the Department of Trade and Industry) and Germany (represented by the Federal Ministry for Economic Cooperation and Development working through the GIZ) will culminate on October 25, 2016 at Marco Polo Hotel, Cebu City.
The closing event of ProGED is a celebration of the project’s achievements as well as a recognition of the important role of various partners in the successful implementation of the project.
Around 200 participants, coming from both the public and private sectors from the project areas are invited.
The ProGED Project aims to support MSMEs to adopt sustainable and climate resilient initiatives to enhance their competitiveness.
ProGED started in 2013 in the provinces of Cebu and Bohol and now, in 30 provinces in 7 regions all over the Philippines.
For more information on the ProGED closing event, please contact Raquel Capio of the ProgED Office at 0928-5039348. #
by admin | Oct 12, 2016 | Headlines, Major Events, National News
MANILA, October 12 (PIA)–Nanumpa na ni Presidente Rodrigo Duterte ang 124 ka mga bag-o niyang appointees sa gobyerno.
Gipangunahan kini nila Atty. Amado Valdez isip bag-ong Chairman sa Social Security System (SSS) ug Martin Dino isip Chairman sa Subic Bay Metropolitan Authority (SBMA).
Nailhan si Valdez isip kanhi Dean sa University of the East (UE) – College of Law ug usa sa mga nagpa-disqualify kang Sen. Grace Poe niadtong niaging piniliay.
Samtang si Dino usab ang Chairman sa Volunteers Against Crime and Corruption, ug Deputy Secretary General sa PDP-Laban. Kahinumdoman nga siya usab ang orihinal nga pambato sa maong partido sa pagka-presidente, sa wala pa nidesisyon si Duterte nga modagan.
Apil usab sa uban pang mga key appointees nga nanumpa kagahapon silang Atty. Karen Jimeno isip Undersecretary for Legal Affairs sa Department of Public Works and Highways; Berna Romulo Puyat isip Agriculture Undersecretary; Felipe Judan ug Garry de Guzman isip Transportation Undersecretaries; Jorge Sarmiento isip Communications Undersecretary; ug Riccojudge Echiverri isip Assistant Secretary usab sa Department of Interior and Local Government.
Kauban usab sa mga nanumpa sa Presidente si Atty. Kristoffer James Purisima isip Deputy Administrator sa Office of Civil Defense nga kanhi abogado ni PNP Chief Alan Purisima.
Gihulipan sa mga appointees apil na ang mga bag-ong ambassadors, judges, ug undersecretaries sa mga buhatan, ang mga posisyon nga gi-deklarang bakante sa Presidente niadtong Agosto sa tinguhang sugpuon ang korapsiyon. (ecb/PIA7-Bohol)
by admin | Oct 12, 2016 | Headlines, National News
MANILA, October 12 (PIA)–Dili na maningil og buhis ang Bureau of Customs (BOC) sa mga imported goods nga ubos lamang ang kantidad.
Gipahibalo kini ni BOC Commissioner Nicanor Faeldon duha ka bulan sa dili pa isaulog ang Kapaskohan.
Matud pa ni Faeldon, sugod niadtong Oktubre 5, wala na gipaninglan og Customs duties ug taxes ang mga kargamento o produktong nagkantidad og P10,000 paubos.
Kining bag-ong patakaran nakalatid sa Customs Administrative Oder (CAO) nga naglangkob sa mga imported nga produkto nga adunay de minimis value o gamay lamang ang kantidad. (ecb/PIA7-Bohol)
by admin | Oct 12, 2016 | Headlines, Local News / Bohol Balita
TAGBILARAN CITY, October 11 (PIA)–Gisubhan ang pagbukas karong adlawa sa Center for Drug Education and Counseling (CEDEC) nga nahimutang sa Oak Brook Building ning dakbayan.
Kini ang labing unang drug counseling center sa lalawigan nga nagtinguha sa rehabilitasyon sa mga drug users o drug dependents aron makalingkawas sa maong bisyo.
Gipangunahan ni Gob. Edgar Chatto ang pagbukas sa CEDEC nga gitambongan usab sa ubang opisyal sa probinsiya sama ni Department of Health (DOH) Asst. Reg. Dir. Sofia Mancao ug tinugyanan sa Tagbilaran City Host Island Lions Club nga si George Lim.
Gilagdaan ni Chatto ug Lim ang Memorandum of Agreement (MOA) sa paggamit sa Lions Club Oak Brook Building isip center. Ang Lions Club mag-organisa usab og drug information forums isip parte sa ilang socio civic activities.
Ang paglagda sa MOA gisaksihan nilang DOH Asst. Reg. Dir. Sofia Mancao, Provincial Health Officer Dr. Reymoses Cabagnot, Provincial Social Welfare and Development Officer Carmelita Tecson, 302nd Infantry Brigade Commander Col. Arnulfo Matanguihan, Police Provincial Director PSSupt. Felipe Natividad, Board Member Jade Acapulco Bautista, CEDEC head Dr. Yul Lopez, Provincial Administrator Ae Damalerio ug Board Member Victor Balite.
Matud pa ni Chatto nga ang Kagamhanang Probinsiyal, sa tanan niining kahimuan, ni-angkla sa ilang mga programa sama sa drug abuse ug kriminalidad sa pakig-tambayayong sa nagkalain-laing sektor sa pag-rekognisa nga ang isyu sa droga dili lamang ‘police concern’ apan ‘health concern’ usab.
Ang panagtambayayong nga buhat sa CEDEC maglambigit sa suporta sa DOH diin si Dr. Yul Lopez ang manguna kauban sa PHO, OPSWD ug grupo sa Psychiatrist, Psychologist, nurses, mga opisyal sa Social Welfare, ug opisyal sa PNP.
Malaomon si Chatto nga dako kining lakang paingon sa panlantaw nga drug-free ug malinawon nga lalawigan sa Bohol.
Ang CEDEC ang himuong sumbanan alang sa mga centers nga pagatukoron sa mga munisipalidad nga ang tahas mao ang pag-assess sa drug affectation ug pag-determinar sa intervention. (ecb/PIA7-Bohol)
