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PH cites benefits of WTO Information Technology Agreement
The Philippines, through Department of Trade and Industry’s Board of Investments (BOI) Governor Lucita Reyes, Semiconductor and Electronics Industries in the Philippines (SEIPI) President Danilo Lachica and Ionics Vice-President for Operations Mr. Jay Chavez, recently participated at the celebration of World Trade Organization’s 20th Information Technology Agreement (ITA) Symposium held on 27-28 June in Geneva, Switzerland. According to Magnolia Uy, DTI Philippine Trade and Investment Center in Geneva (PTIC-Geneva), the event allowed for the member countries to highlight ITA’s role of providing households and domestic businesses access to more affordable and higher-quality Information and Communication Technologies (ICTs) through tariffs elimination on hundreds of ICT products. The Philippines, as one of the 82 signatories of ITA, has benefited from the initial ITA signed in 1996 and its expansion of list in 2015. According to the Philippines’ chief ITA negotiator and Board of Investment Governor Lucita Reyes, the country’s ITA membership helped lower prices for key ICT hardware inputs that the BPO industry depends upon. At present, the country’s ICT services exports account for roughly 70% of total services exports while the ICT goods exports account for more than 35% of total exported goods. In terms of ICT goods exports, Lachica added that the Philippine semiconductor and electronics industry continues to grow at a steady rate, ranking as the 17th largest exporter of ICT products in the world valued at approximately USD 24 billion (out of USD 29 billion total electronics exports). However, according to Ionics Vice-President for Operations Jay Chavez, to sustain the demand of ICT services enterprises for ICT products, it is imperative for the Philippines to move... read moreNIA breaks ground for Bonotbonot SRIP
By JUNE S. BLANCO PHYSICAL Works for the Bonotbonot Small Reservoir Irrigation Project (SRIP) in Buenavista town will go full blast now. This after Cabinet Secretary Leoncio Evasco Jr., Administrator Ricardo Visaya and Region 7 Director Modesto Membreve of the National Irrigation Administration (NIA), Rep. Erico Aristotle Aumentado of Bohol’s 2nd District and Buenavista Mayor Ronald Lowell Tirol led groundbreaking rites at the proposed site on June 26. As early as November 2015, Aumentado had revealed that the P70-million project to be proposed in NIA’s 2016 fund for insertion into the General Appropriations Act GAA). The solon’s father, former governor and immediate congressional predecessor Erico Boyles Aumentado and Membreve had proposed the project, along with the Benliw (Ubay) SRIP at P100 million, the Mabini-Cayacay SRIP at P85 million and the Malinao (Pilar) Dam Improvement Project at P200 million. For Tagbilaran City-based NIA Region 7, only these four projects made it to the cut in the 2016 GAA under its locally funded Rapid, Inclusive, and Sustained Economic Growth projects. While most regional offices are based in Cebu, the elder Aumentado pushed for the creation of the NIA Region 7 office in Bohol – the region’s rice granary. Bohol used to belong to NIA Region 8 based in Tacloban City. The Evasco-Visaya-Membreve-Aumentado team also visited Danao town where the Hibale SRIP is also being planned to be constructed. Aumentado said Evasco and President Duterte are working hard to give more benefits to the farmers. Evasco was Duterte’s campaign manager during the latter’s presidential bid. Both are working towards the realization of their campaign promise of construction more irrigation... read more