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DTI Gives Livelihood to Families of Soldiers Slain in Marawi
MANILA – The families of soldiers who were killed in action in Marawi were the recent (18 December 2017) beneficiaries of livelihood packages as part of a tribute organized by the Department of Trade and Industry (DTI) at the PICC in Manila. “DTI acknowledges the ultimate sacrifice made by our soldiers who fought and died during the Marawi siege. In the spirit of the season and as a show of continued support from the Duterte Administration, we decided to forego the usual department-wide Christmas party and use the funds instead to help the families of the slain soldiers,” Trade Secretary Ramon Lopez said. Over 29 families of soldiers killed in Marawi each received a Kabuhayan Starter Kit, a book on stories of DTI-assisted entrepreneurs to inspire them, several gift items and gift certificates, and toys for their children. We also offered equity financing packages for the negosyo they would like to pursue. Likewise, the JVO Foundation also gave food packs for each of the families that attended the event. Gift certificates amounting to a total of Php100,000 were also raffled off to the families. Prior to this event, DTI reached out to help the soldiers who were wounded during the Marawi fighting by holding the “TNKS Po! Trabaho, Negosyo, Kabuhayan ‘Kaya Natin ‘Yan’” event at the AFP Medical Center in Quezon City on 3 December 2017. DTI not only gave out Christmas gifts and raffle prizes to the wounded soldiers and their dependents during this event but also offered negosyo mentoring and consultations on how to start their own business. Livelihood packages also to be given once they select... read moreRussian company to build first pipeline coating facility in PH
MAKATI – After the record-breaking investment approval of Php 616.7 billion for 2017, the Department of Trade and Industry (DTI) and the Board of Investments (BOI) met with Russian investors from BT SVAP LLC on 20 December 2017 to discuss investment intentions focusing on a pipeline coating facility in the Philippines (PH). “More investors have expressed their confidence in the country’s economic stability and business environment under the Duterte administration. They wish to partner with us in providing more jobs and opportunities for Filipinos, especially those at the bottom of the pyramid,” said Sec. Lopez. Igor Shaporin, BT SVAP LLC’s Chairman of the Board of Directors, expressed the company’s intention to put up a facility in Mariveles, Bataan where accessibility to sea and land transportation is easily available. The company’s prospect location would require a big land area and will have innovative production technology in pipeline coating. The Moscow-based BT SVAP LLC is an integrated company specializing in the development and implementation of innovative solutions in industrial production and construction of pipeline system for fuel-power complex, chemical industry, and housing and utilities infrastructure. The group also focuses on production of protective shelves for pipes and pipelines which uses modern hi-tech production and logistics facilities, as well as multifunctional design-engineering units. The trade chief conveyed PH’s openness to investors and the government’s efforts in diversifying investors, while also ensuring ease of doing business in the country. “This could be a pioneer technology in the country. Apart from investments, sharing of technological know-how, and employment generation, this will also open opportunities for our domestic market and export industry,” said the trade... read more