Headlines
Resilient micro industries to help people past crisis
TAGBILARAN CITY, May 19, (PIA)–For their resilience to global economic meltdowns, a former senior official at the Department of Trade and Industry (DTI) sees helping micro small and medium enterprises important to galvanize world economies. During the press conference after launching the Kapatid Mentor Me Program of the Department of Trade and Industry (DTI), Negosyo Centers (NC), Philippine Center for Entrepreneurship (PCE) and the Bohol Chamber of Commerce and Industry (BCCI), former DTI undersecretary for regional operations Merly Cruz hinted that small capitalization allows them to easily recoup. Big businesses have bigger capitalization and in an economic crisis, they lose big and somtimes could not recover. leading to closing shop. Cruz, who came to Bohol in a new hat; PCE adviser in the development of MSME also came with PCE Central Visayas dean and Boholano Virgilio Espeleta brought along with them two more business mentors who spoke to over 350 Boholano entrepreneurs gathered for the launching of the Kapatid Mentor Me Program (KMMP), the first mentoring program to help MSMEs here. Even mentors Rey Calooy founder and Chief Executive officer of the RNC Marketing and Henry PCE Tenedero agree with Cruz that a move to integrate support to MSMEs would be the best move the country would ever take with the opening of world markets and the integration of economies. Cruz pointed out that 95% of the economy are MSMEs, while 99.2% of the MSMEs who provide 2 out of three new employments are basically small and micro industries. These micro and small enterprises do not always survive, she said pointing out only about 50% of them surviving while... read moreCanadian companies eye products at PH food expo
Department of Trade and Industry’s (DTI) Philippine Trade and Investment Center in Toronto (PTIC-Toronto) confirmed eight (8) Canadian food distributor and companies to visit the International Food Exhibition Philippines (IFEX) on May 19 at the World Trade Center in Pasay City. Participating companies are major companies in the mainstream and ethnic food trade business based in three provinces of Canada including British Columbia, Ontario and Quebec. The Canadian delegation includes Loblaw, the biggest mainstream supermarket chain in Canada; Canda Six Fortune Enterprise Co Ltd, Corinthian Distributors Ltd and AFOD Ltd, all involved in ethnic market distribution; Bianca International Organic , known for bulk trading; APO Products, Wilby Commercial Ltd, and New Almanic International Ltd, companies known for distributing Filipino products in Canada. These companies will also be part of Incentive Program of DTI-Center for International Trade Exposition and Mission (CITEM), the organizer of IFEX, as they are classified as Very Important Buyer (VIB) at the said trade exposition. “This is one way of further assisting our Filipino exporters in penetrating markets such as Canada,” said PTIC-Toronto Senior Trade Commissioner Maria Roseni M. Alvero. With over 700 exhibitors, IFEX 2017 will highlight the Philippines and the ASEAN region as a reliable supplier of ingredients and specialty food, tropical fruits, vegetables, seafood, beverages, bakery and confectioneries, Halal certified products, natural and organic food as well as allied industries and services. As the first Canadian Food Buying Mission to the Philippines, the mission is organized by the newly opened Trade Section of the Philippine Consulate General in Toronto, the representative office of the Philippine Department of Trade and Industry in Canada. The... read more