JTA

Page 1

Abacare

I N S U R A N C E

Medical & life insurance for expatriates

Established 2006 www.jewishtimesasia.org

March 2013 • Volume 7 • Issue 10 • Adar / Nisan 5773

Israel and the Philippines look to triple trade opportunities was held in March 2012.

By Philip Jay, Editor

More than 80 individuals from various industries and government agencies attended. The forum highlighted the potentials of both nations in terms of products, import-export accessibility, and investment incentives.

Headed by Ran Cohen, a former Israeli industry and trade minister and current President of the Israel-Asia Chamber of Commerce, the delegation is looking at investment prospects in major industries. These include: machinery, security, real estate, water treatment and technology, agriculture, food production, aviation, businessprocess outsourcing, shipping, tourism and diamonds. “Two-way trade between us and Israel is unfortunately just between US$200 million to US$250 million last year. We intend to triple that,” said Philippine Chamber of Commerce and Industry (PCCI) President Miguel Varela, during his meeting with the delegation at a business matching session and forum. “These numbers can grow at an unprecedented pace in the next few years,” Varela added, citing growing interest from both sides to boost trade and investment relations. He also

Ran Cohen

ICCP

A senior Israeli business delegation consisting of 15 executives representing diverse sectors of key industries visited the Philippines in February.

noted that much of the trade between Israel and the Philippines is mostly in favour of Israel. Also accompanying the delegation was Doron Hemo, Israel’s Trade Attache for Taiwan, Singapore and Philippines. “We don’t have a commercial attaché in the Philippines and we would like to have one. Right now, we want to expand our trade considering that we have reached US$2 billion in twoway trade with areas like Taiwan,” commented Hemo. Israel’s two-way trade with the ASEAN (Association of Southeast Asian Nations) has reached US$28 billion.

This area will serve as a vital link once the ASEAN integration is realised over the next few years, according to local economic experts. Members of the delegation were very positive and upbeat about what they saw and highlighted investment opportunities in Zamboanga, areas around Manila, the country’s capital, Cebu and Palawan as the key areas for further discussions. The delegation also met with the Philippine Vice President Jejomar Binay, who recently visited Israel in October 2012.

One of the Philippine provinces that welcomed the delegation was Zamboanga city. President of the local business chamber, Pocholo Soliven, met with the delegation and government officials and discussed trade opportunities in Taguig City. Cohen was accompanied by Israel’s Ambassador to the Philippines, Menashe Bar-On, and Generoso Calonge, the Philippine Ambassador to Israel.

“We came here as a friend of the Philippines. We would like to succeed and innovate together with you, collaborate with you,” concluded Cohen.

Soliven, a well-respected business leader in Mindanao, underscored the strategic location of Zamboanga as the “Front Door” to the Brunei, Indonesia, Malaysia, Singapore economic growth corridor.

More recently, the first official Philippine- Israel Business Forum in collaboration with the Bureau of Trade Promotion of the Department of Trade and Industry, the embassy of Israel and the ICCP

Israel and the Philippines established the Israel Chamber of Commerce of the Philippines (ICCP) in 2009, which maintains close liaison with other foreign chambers as well as business organisations such as PCCI.

The Philippines and Israel have had active trade ties since 1947. The Philippines was the only Asian nation to vote in favour of UN partition resolution that created the State of Israel and that formed the links between the two nations. Philippine trade activities with Israel rank at 37.

Please contact Primila +852 90534358 primila.lalwani@abacaregroup.com www.abacaregroup.com

In this issue Regional News A statue unveiled to honour Tsunami aid

3-8

Business News Tvinci wins contract with Singapore’s MediaCorp

10-12

Feature The Maccabiah Games building Jewish pride through sports

13

Art and Culture Trojan Women performed at the Cameri Theater

22-24

JTA Classifieds

28-29

Festival Passover

30

Jewish communities in Asia Candle-lighting and the month’s Parshas

31


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.