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27 February 2012 1
27 February 2012 Vol. 16, No. 05
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A bi-monthly digest of global and domestic industry trends and developments. Published by the Trade and Industry Information Center, Department of Trade and Industry Manila, Philippines Tel. (632) 895.3611 Fax (632) 895.6487 To subscribe, email: publications@dti.gov.ph Online: http://www.dti.gov.ph
In this issue Focus Investment agencies generate P763B Inside DTI 1. NDC remits P50M to gov’t 2. DTI pushes for revival of investment ombudsman 3. DTI crafting new industry roadmaps
Business Alert 1. DTI launches GMIS 2. CALABARZON products showcased at DTI-BDT showroom 3. CALABARZON strengthens pangasius industry 4. 2 Davao del Norte cities now implement BPLS 5. DTI permanently removes wheat tariff
Good News, Philippines! 1. PHL could attract US$75-B FDIs 2. PEZA January investments jump 28% 3. Outlook bullish 4. Automakers eye full recovery 5. Clark exports surge 161% to US$3.9B
Consumer News Credit card surcharge
MSME/OTOP News 1. Branding of indigenous products urged 2. “Buy Pinoy Month” to help MSMEs
ASEAN Watch 1. ASEAN EU officials discuss free trade issues 2. More promotions, facilities needed to develop ASEAN tourism
Policy Only minor changes for 2012 IPP Feature Elders’ livelihood project boosted
Statwatch What’s New?
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Focus Investment agencies generate P763B
Vol. 16, No. 052
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he government’s investment promotion agencies (IPAs) have registered P763-B investments in 2011, or a 37.6-% growth over P554.6B recorded in 2010. “These projects are meant to produce, manufacture, and service future recurring businesses. The impact is we have our hands full in terms of construction and assembly of new manufacturing plants. That would bring in more services to be provided for these economic activities,” Department of Trade and Industry (DTI) Undersecretary for Trade and Investment Promotions Group (TIPG) Cristino L. Panlilio said. Of the total 2011 approved investments, Filipino investments contributed P489.1B while foreign investments accounted for P273.9B. The Board of Investments (BOI) led the IPAs with P368.9B in approved investments, followed by the Philippine Economic Zone Authority (PEZA), P288.3B; Subic Bay Metropolitan Authority (SBMA), P66.4B; and Clark Development Corp. (CDC), P21.1B. Other IPAs including the Philippine Retirement Authority (PRA) contributed P15B; Cagayan Economic Zone Authority (CEZA), P9.1B; Regional BOI of the
Inside DTI 1. NDC remits P50M to gov’t
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he National Development Company (NDC) remitted P50-M cash dividend to the government during the celebration of the Government-Owned or -Controlled Corporations (GOCCs) Governance Day in support of the instituted reforms on good governance by the current administration. Since 2010, the NDC and its subsidiaries have remitted a total
Autonomous Region of Muslim Mindanao (BOI-ARMM), P1.7B; and Phividec Industrial Authority, P1.2B. A total of 1,402 firms were registered in 2011 as against 1,175 in 2010. Once the 2011 projects go into full commercial operation, these are expected to generate 195,637 employment opportunities as against 142,345 jobs for 2010 projects. “These are economic movers, drivers, agitators of business activities and they are recurring productive products that will help propel our gross domestic product (GDP),” Panlilio said. The new investment inflows would also impact on the foreign sector – exports, imports, and inward remittances. “This means we can do better in the next two years,” he said. The BOI, he said, is targeting 10-% growth in investments or P400B this year from P378B last year. Already, the BOI has identified P200B worth of investment leads this year. These are concentrated around 10 major countries including China, US, UK, and Japan which are interested in energy, mining, tire, and tourism.
of P384M to the government from their net income from 2008 to 2010. GOCCs’ net income from 2008-2010 (In Million Pesos) NDC Manila Gas Corporation Philippine National Lines Batangas Land Company Inc. Pinagkaisa Realty Company Kamayan Realty Company
200.0 115.9 57.0 8.0 2.5 1.2
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2. DTI pushes for revival of investment ombudsman
27 February 2012 3
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he Department of Trade and Industry (DTI) is planning to re-establish the assignment of an investment ombudsman to protect investors. DTI Secretary Gregory L. Domingo clarified though that this idea is only a proposal which may or may not be implemented. In line with the goal of the government to attract more investors, Domingo cited the need to protect businessmen especially from harassment cases. This is especially important to foreign
3. DTI crafting new industry roadmaps
13 priority sectors
Agriculture/agribusiness and fishery Creative/knowledge-based services Disaster prevention, mitigation, and recovery projects Energy Green projects Infrastructure Mass housing Motor vehicles Public-private partnerships (PPP) projects Research and development Shipbuilding Strategic projects Tourism
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investors who may not be aware of how things work in some offices in the country. On the back of a bullish economic outlook for the year, the appointment of an investment ombudsman will be good for the country, he said. “Both domestic and foreign firms are lining up to invest,” he said, with majority of the investors being Japanese firms who would like to put up manufacturing plants here. Other investments being eyed are in shipbuilding and mining.
he crafting of long-term industry roadmaps, which aim to build the global competitiveness of local industries, will not be a repeat of the basic industries development roadmaps created during the Marcos era that actually took off but were never sustained.
coming up with their own roadmaps, Cristobal said the government will focus first on the 13 priority sectors identified under the Investment Priorities Plan (IPP) of the Board of Investments (BOI).
“The main difference is that this one is led by the industries themselves. Before, it was the government that crafted the industry policies. It was too centralized,” Cristobal said.
The competitiveness roadmap is proposed to include the sector’s vision, goals, and targets until 2030 to allow long-term planning for the sector that would permit the industry to roll out changes in phases and in more manageable segments.
Under the Philippine Development Plan (PDP) 2011-2016, the Department of Trade and Industry government is mandated (DTI) Undersecretary for Industry to formulate a comprehensive Development and Trade Policy national industrial policy that shall Group (IDTPG) Adrian S. Cristobal, spell out opportunities, coordinate Jr. said this at the staging of the 2012 and promote the growth of forward Strategic Industry Development and backward linkages in priority Forum: Partnerships for Inclusive areas and high-potential growth Growth, the first in a series of sectors, and prepare other industries consultations with the private sector for to attract investments and the crafting of new industry roadmaps. generate jobs.
A total of 32 industry associations attended the kick-off discussions on the industry roadmaps. Industry players The roadmap is likewise proposed to were given the responsibility to craft be broken into short (2012-2016), their own roadmaps. medium (2013-2022), and long (2023-2030) term goals and While the DTI is still trying to find out strategies with identified milestones the interest of the local industries in to coincide with the PDP terms.
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Good News, Philippines! 1. PHL could attract US$75-B FDIs
Vol. 16, No. 054
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oint Foreign Chambers (JFC) members recently expressed confidence on increased foreign direct investments (FDIs) this year that could amount to US$75B, with investors beginning to take notice of the administration’s policy reforms to improve the business climate. Last year, the group forwarded to Malacañang some 471 recommendations to propel the growth of seven “big winner sectors” in the country. It said the proposals, if implemented, would allow the country to attract US$75B in FDIs. “The prospects look good for a growing economy in 2012 and I think
2. PEZA January investments jump 28%
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he Philippine Economic Zone Authority (PEZA) registered P7.2B worth of investments in the first month of the year, up 28.4% than the P5B in January 2011. PEZA Director General Lilia B. De Lima said this as the agency is aggressively promoting investments this year with 12-% growth target over 2011 figure. Already, PEZA has approved the registration of two global printer manufacturers locating into the country. Canon is investing P20B in the country for the establishment of a high-technology printer, generating over 6,000 jobs for Filipinos. The other printer investor is Brother International Corp. These two companies were the largest investors approved by PEZA Board in December last year.
foreign investments will increase substantially,” American Chamber of Commerce of the Philippines, Inc. (AmCham) Senior Adviser John D. Forbes said. Forbes said the growing optimism was mirrored by the rising number of foreign companies asking how they could relocate here. He said a major contributor to the improving investor confidence on the Philippines is the enthusiasm being shown by the government to implement the policy reforms that the JFC and other business associations forwarded to Malacañang in December 2010. (BMI 01/24)
There are 257 PEZA operating ecozones and 2,600 operating locator enterprises in the country, all export-oriented. The ecozones include three government-owned ones located in Cebu, Cavite, and Baguio. De Lima further said prospects for 2012 are good with the manufacturing and information technology (IT) sectors to continue leading the growth. The PEZA-run ecozones have been favorite destinations among export-oriented enterprises because of the efficient service the agency provides to its registered enterprises. PEZA also provides a generous package of incentives including income tax holiday, 5-% tax on gross income, zero duty on imported capital equipment, and employment of foreign nationals, among others.
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3. Outlook bullish
27 February 2012 5
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he Semiconductor and Electronics Industries in the Philippines, Inc. (SEIPI) is extremely bullish this year, expecting a full recovery from an export slump last year that was caused by supply chain disruptions and the weak global economy. Department of Trade and Industry (DTI) Secretary Gregory L. Domingo said SEIPI’s outlook supports his own optimistic forecast for 2012 economic growth, after which, hitting a low of 3.6% as of the third quarter of last year, could even top the 7.6% notched in 2010. “They didn’t give a specific number but they said they are bullish. I said, you know you declined 20% last year, so when you tell me that your levels of exports this year will be better than 2010, that implies that your industry will grow by 25% this year. So that means you’re gonna grow 25% this year? They said, yes,” Domingo recounted. SEIPI officials have expressed the hope for a turnaround in 2012 after a likely double-digit contraction last year.
SEIPI members, he said, are in the process of boosting their workforces given an influx of orders. DTI Undersecretary for Industry Development and Trade Policy Group (IDTPG) Adrian S. Cristobal, Jr. and Undersecretary for Trade and Investment Promotions Group (TIPG) Cristino L. Panlilio agreed with Domingo on this year’s economic growth prospects. Panlilio said registered investments could have topped P1T overall last year and this, coupled with planned government spending on infrastructure, will ensure that this year and even 2013 will have a very active economy and will be kept very busy in terms of job creation, existing jobs, construction activities, and assembly activities. Cristobal claimed that with manufacturing topping the list of approved investments, the resulting job creation augured well for the economy.
“We’ll get strong economic growth even if they’re flat. But the fact that they’re thinking of double-digit growth this year over 2011, that’s extremely positive for us because they’re a big
“We are in the sweet spot right now with the Philippines fulfilling investor requirements of controlled inflation and interest rate environments, and a stable labor situation. So if everybody cooperates, the government, private, and labor sectors, then we should see a tremendous inflow over the next three to five years. It’s going to happen unless something negative that is unexpected is going to happen,” Domingo said. (BWD 01/24)
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Sales in the auto industry are expected to recover from the supply problems it encountered last year as industries from Japan have
In 2010, outbound electronics shipments grew 40.11% annually to US$31.1B, representing over three-fifths of the Philippines’ overall export earnings.
4. Automakers eye full recovery
part of our gross domestic product (GDP),” he said.
he local auto industry is looking at a full recovery this year with sales seen to grow 8.7% after slowing down in 2011.
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Vol. 16, No. 056
recovered from the devastating earthquake and tsunami while Thailand has started to clean up after the massive flooding late last year. Newly installed Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) President Rommel T. Gutierrez
5. Clark exports surge 161% to US$3.9B
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xports from Clark Freeport Zone surged by a record 161% to US$3.9B last year from the previous year’s US$1.4B, owing to the hefty contribution of a US firm. Clark Development Corporation (CDC) President Felipe Antonio B. Remollo said the entry of Texas Instruments in 2010 has remarkably contributed to the export industry of this bustling Freeport last year, posting US$1.5B in exports. Also, at least US$124M came from so-called service exports from the Freeport’s information and communications technology and business process outsourcing (ICT-BPO) sector. Remollo said Clark’s export performance last year was equivalent to 8.1% of total Philippine exports estimated for 2011. The electronics industry continued to be the top-exporting sector of Clark Freeport last year, generating US$3B worth of exports, followed by the tire industry with US$298M, he added.
said they are looking at selling 154,000 units this year. For 2011, the industry sold 141,616 units, 4% lower than the 147,488 units sold in 2010. This was a direct result of the supply shortage caused by the disasters in Japan and Thailand last year. (TPS 01/30)
Top-performing exporter-firms in Clark 2011 (US$) Texas Instruments (TI)
1.5B
Nanox Philippines Inc.,
791M
Phoenix Semiconductor Philippines Corp 566M Yokohama Tire Philippines Inc. (YTPI)
298M
L&T International Group Philippines Inc. 145M SMK Electronics (Phils.) Corp.,
98M
The garments sector churned out US$227M in exports; other manufacturing, US$131M; aviation-related, US$13M; and other sectors, US$139M. He said Clark’s employment statistics showed a significant 6-% growth to 64,055 workers last year compared with the previous year’s 60,162. “This is the highest level of employment generated at the Clark Freeport since the CDC’s inception in 1993,” Remollo said. Remollo also announced that CDC management signed a total of 207 projects last year, with committed investments totaling P22.9B. That figure may translate to the employment of 8,206 workers. (PDI 01/27)
MSME/OTOP News 1. Branding of indigenous products urged
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he Intellectual Property Office of the Philippines (IPOPHL) is urging legislators to pass a law that would provide legal framework for branding homegrown products in building national pride and economic development.
IPOPHL Director General Ricardo R. Blancaflor said the agency would revive the campaign on branding local products to protect intellectual property rights through geographical indicator (GI).
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2. “Buy Pinoy Month” to help MSMEs
27 February 2012 7
GI indicates specific geographical location where a unique product is made. This gives producers the exclusive right to brand the product by using the name of the place.
Tagalog lambanog, Bicol pili, Cebu processed mango, Guimaras mango, Aklan woven piña, South Cotobato tinalak, and the Batangas barako coffee.
Blancaflor added that there are nine possible GIs in the Philippines including the Dagupan bangus,
“We encourage specialization and that would make their products more valuable,” Blancaflor added.
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ayan Muna Rep. Teodoro “Teddy” Casiño authored House Bill No. 5573, or the “Buy Pinoy, Build Pinoy Month Act,” which designates November as Micro, Small, and Medium enterprises (MSMEs) month. Casiño said the measure recognizes the role of MSMEs in the economic development with their contributions in employment generation, increased incomes, a more equitable wealth distribution, and rural development. “It is my intention to provide MSMEs and Filipino enterprises in general an opportunity to take center stage in the consciousness of Filipino consumers. This is especially important given the increased consumer spending that occurs during the Christmas season,” he said.
Business Alert 1. DTI launches GMIS
Filipinos; promote the preferential use of Filipino labor, domestic materials, and locally produced goods; and adopt measures that help make them competitive. He said Filipino entrepreneurs are skilled in maximizing the use of scarce capital resources and are able to partner with large firms by supplying locally available raw materials or semi-processed goods. “They find opportunities and take a lot of risks and sacrifices to make their enterprises, employees, and communities better. They are able to effectively increase the local content or the value-added in final goods and services that are processed and marketed by large firms,” he said.
He cited the State policy to develop a self-reliant and independent national economy effectively controlled by
Casiño said 35.7% of the total sales and value-added in the manufacturing sector come from MSMEs.
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industries in expanding their markets and bring new investments in priority areas,” DTI Secretary Gregory L. Domingo said.
he Department of Trade and Industry (DTI) launched the Global Marketing and Intelligence System (GMIS) to synchronize the trade and investment promotion activities of the DTI and other government agencies in a more efficient structure. “Beyond the gains in efficiency, the ultimate objective of these changes is to have an effective structure that can support our local
The GMIS will cluster DTI offices into logical working groups working with other government agencies and will increase the collection and analysis of competitive information to be available for everyone.
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Vol. 16, No. 058
DTI Undersecretary for Trade and Investment Promotions Group (TIPG) Cristino L. Panlilio has introduced GMIS to the media, private sector, trade and investment promotion agencies of DTI, and other government agencies to foster collaboration for a holistic trade and investment promotion that would help the Philippines progress faster, higher, and stronger. There are about eight geographical and strategic Global Marketing and Intelligence Teams (GMITs), which
2. CALABARZON products showcased at DTI-BDT showroom
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roducts of Cavite, Laguna, Batangas, Rizal, and Quezon (CALABARZON) are on exhibit at the Bureau of Domestic Trade (BDT) Showroom, Ground Floor, Trade & Industry Building, 361 Sen. Gil Puyat Avenue, in Makati City. The exhibit, billed as the CALABARZON Mini Exhibit, kicked off last January 16 and will run until June 30 this year. The project is jointly initiated by the Department of Trade and Industry (DTI)-Region 4A, the BDT, and the Rizal Exporters and Manufacturers Association, Inc. (REMAI).
3. CALABARZON strengthens pangasius industry
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he Department of Trade and Industry (DTI) held a consultation-workshop with the Region 4-A’s pangasius industry stakeholders to undertake action plans on issues that confront the industry. DTI-4A Regional Director Marilou Quinco-Toledo said the industry generated investments of P15.8M in 2010 and another P5.3M in 2011. It has increased domestic sales from P6.3M in 2010 to P15.8M in 2011 and has increased the number of jobs created from 169 to 220 in the period.
will be composed of representatives from the different offices.
GMIT members
Bureau of Export Trade Promotion (BETP) Board of Investment-Investment Promotion Group (BOI-IPG) BOI-Investment Servicing Group (ISG) Center for International Trade Expositions and Missions (CITEM) Foreign Trade Service Corps (FTSC) Philippine International Trading Corporation (PITC) Philippine Trade Training Center (PTTC)
The exhibit highlights special settings of provincial festivities as monthly themes. Monthly themes
Cavite’s ‘Pahimis Festival’ (February) ‘La Laguna Festival’ (March) Batangas’ ‘Ala, Eh! Festival’ (April) Quezon’s ‘Pahiyas’ (May) Rizal’s ‘Higantes Festival’ (June)
Leading the line-up of items for sale are food products (banana chips, muscovado sugar, coffee, chococoated polvoron, crispy squid rings, dried mussels); health, wellness and beauty products; arts and crafts; footwear, bags, and novelty items.
DTI-Rizal Director Mercedes Parreño, regional pangasius champion, presented the industry’s experience in CALABARZON while DTI-12 Assistant Regional Director Doris De Lima, concurrently national pangasius champion, presented an economic and industry value-chain analysis. Among the issues that affected the industry are the high cost of feeds; lack of processors that are compliant with domestic/export market requirements particularly on Hazard analysis and critical control points (HACCP) and Good Manufacturing
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27 February 2012 9
Practices (GMP); lack of post-harvest facilities; and the lack of popularity of the fish as a staple food. Industry stakeholders (the breeders, growers, processors, and the feed industry), and the enablers (DTI, Bureau of Fisheries and Aquatic Resources (BFAR), local governments) committed to support further the development of the industry through advocacy, coordination, and promotion; capability enhancement for the players; and marketing assistance.
4. 2 Davao del Norte cities now implement BPLS
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ith the aim to lure more investors, two Davao del Norte cities, Panabo and Island Garden City of Samal (IGaCoS), are now implementing the Business Permit and Licensing System (BPLS), which streamlines business processes. Due to the BPLS, the number of processes involved in getting a business permit was successfully trimmed down to two steps from five in Panabo City, DTI-Davao del Norte Officer-In-Charge Engr. Vedastito C. Galvez reported. In IGaCoS, where processing procedures has been trimmed down to three steps, the Licensing Office has also adopted the suggested BPLS single form that no longer requires notarization.
5. DTI permanently removes wheat tariff
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o level the playing field between local millers who use imported wheat and flour importers, the Department of Trade and Industry (DTI) has removed the 3-% tariff on wheat even when this does not guarantee the subsequent lowering of bread prices. The DTI said it cannot assure this because it would still depend on the wheat price in the international and local market.
Bureau of Fisheries and Aquatic Resources’ (BFAR) National Inland Fisheries Technology Center (NIFTC) Chief Aida Palma presented the draft of the Fisheries Administrative Order (FAO), an implementing guideline to regulate and address technical issues confronting the pangasius industry. Part of the action plan is for the industry to double production of the fish from its current demand of 100T to 200T per day by 2016. As a joint undertaking of the Departments of Trade and Industry (DTI) and the Interior and Local Government (DILG) with some local government units (LGUs), the BPLS aims to improve the business registration and enhance the Philippine business climate and competitiveness. The simplified BPLS will only have three to five steps, with only one or two signatories. The processing time will be at least 20 minutes but not to exceed three hours. With these reforms, it is expected that the country can attract, sustain and even increase investments, generate revenues, create jobs, accelerate growth, reduce poverty and eventually improve its competitiveness. DTI Secretary Gregory L. Domingo said that since 14 January 2012, the tariff on imported wheat has been already zero. The wheat tariff was included in the comprehensive tariff review. Before, the zero tariff was only good for six months and the government has to review the tariff reductions. The DTI has been asking millers to lower their price as the global wheat prices have been going down since July 2011.
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Consumer News Credit card surcharge
Vol. 16, No. 0510
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ith the increasing number of consumers depending on credit card to pay for their purchases, the Department of Trade and Industry (DTI) reminds the public of the Department Administrative Order (DAO) No. 10, Series of 2006, which prohibits the imposition of a surcharge or extra charge in the use of Credit and Automated Teller Machine (ATM) or Debit Cards for payment of products and/or services. The DTI issued the order to protect consumers from sellers/retailers who impose surcharges or additional amount over and above the price tag on products and services when paying through credit/ATM/debit card. The order particularly reminds the public that:
Policy Only minor changes for 2012 IPP
When the consumer pays in cash, he shall pay only the price indicated in the price tag.
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ince only minor revisions are needed in the list of 2012 Investment Priorities Plan (IPP), the Department of Trade and Industry (DTI) considers extending the 2011 IPP. (See list on p.3). The law mandates that the IPP list, which states the industries that shall receive incentives from the government, must be yearly reviewed and subject to public hearing. Department of Trade and Industry (DTI) Secretary Gregory L. Domingo said the 2011 list is okay and that “It might not be worth it to go through that.” This is the second year green projects which cover the manufacture of goods, the utilization of which would lead to either the efficient use of energy, natural resources or raw materials, minimize/ prevent pollution or reduce greenhouse gas emissions - are included in the IPP.
When the consumer pays through a credit/ATM/debit card, he shall pay only the price indicated in the price tag. When the retailer offers the consumer an option to pay in cash, card or installment, the same is allowed provided the payment options shall be disclosed by way of separate information to the consumer but not in the price tag. Price tag indicating a separate “cash price tag” and “regular price tag” on each product or service is not allowed. Price tag indicating a separate “cash price tag” and “card price tag” on each product or service is not allowed.
Complaints regarding credit card surcharging may be addressed to the DTI Direct Hotline at 751.3330. Consumers are also encouraged to visit the Department’s website at www.dti.gov.ph.
The agriculture and fishery covers the commercial production and commercial processing of agricultural and fishery products, including their by-products and wastes, whereas the creative industries cover information technology and business process outsourcing (IT-BPO) enabled services, and film and performing arts productions. Infrastructure covers transport, water, logistics, waste management facilities, physical infrastructure while research and development, the establishment of testing laboratories, Centers of Excellence, and skills development training institute. Shipbuilding covers the construction and repair of ships and shipbreaking; mass housing, the development of low-cost mass housing; and energy, the exploration, development, and/or utilization of indigenous energy sources and clean coal technology.
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Feature Elders’ livelihood project boosted
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he provincial government of Tabuk City, Kalinga provided P100,000 in additional livelihood assistance to 21 members of the senior citizen’s federation of the province. Despite their age, these members are still capable of high-capacity production. Provincial Social Welfare and Development Office (PSWDO) Social Integration Coordinator Eusebia Haddac said the additional aid was released upon learning that
ASEAN Watch 1. ASEAN EU officials discuss free trade issues
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he Association of Southeast Asian Nations (ASEAN) officials and business representatives met in Siem Reap, Cambodia and discussed the challenges and benefits of entering into free trade agreements (FTAs), particularly with the European Union (EU). The meeting included a stakeholders’ dialogue to enable participants to share their knowledge and experience on key issues such as the political economy of FTAs, the challenges of trade agreement implementation, and post-trade agreement adjustments. “Free trade is not only essential for economic development and growth in support of competitiveness, consumer welfare, and poverty reduction, it brings together people and ideas,” Economic and Regional Cooperation of the EU Delegation to ASEAN Head Andreas Roettger said.
the sector has managed well its income generating projects financed by the province. For 2012, the 21 beneficiaries would venture into house slipper business after undergoing training by the Department of Trade and Industry (DTI)-Kalinga provincial office. The training is designed as “sheltered workshop” where trainees earn while they learn.
STATWATCH US$31.1B Electronics exports in 2010 P763B
Total investments approved by the government’s investment promotion agencies (IPAs) in 2011
P554.6B
Total investments approved by the government’s IPAs in 2010
P489.1B
Filipino investments of the total approved investments in 2011
P368.9B
Investments approved by the Board of Investments (BOI) in 2011
P288.3B
Investments approved by the Philippine Economic Zone Authority (PEZA) in 2011
P273.9B
Foreign investments share in the total approved investments in 2011
195,637
Expected jobs to be generated by total investments registered in 2011
147,488
Vehicles sold by Philippine-based car manufacturers in 2010
142,345
Expected jobs to be generated by total investments registered in 2010
141,616
Vehicles sold by Philippine-based car manufacturers in 2011
Both organizations started regional negotiations in 2007 to contribute to ASEAN’s regional integration.
1,402
Number of investment projects approved in 2011
(BMI 01/16)
1,175
Number of investment projects approved in 2010
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2. More promotions, facilities needed to develop ASEAN tourism
Vol. 16, No. 0512
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ore promotions and facilities are needed to enhance the Association of Southeast Asian Nations’ (ASEAN) tourism sector as the region is eager to further develop intra-ASEAN tourism and to attract more foreign tourists.
are working to make free policy visa for them.
The bloc will accelerate the implementation of free visa policy for all ASEAN residents. While it waits from Cambodia and Myanmar’s approval, the policy is currently implemented bilaterally between eight other ASEAN member states.
“Intra ASEAN tourism is very good, especially when Europe and the US are in crisis,” he added.
ASEAN Deputy Secretary General Sundram Puspanathan said the region should focus on how to make more foreign tourists come, and the leaders of ASEAN members
“For ASEAN tourists, we have a three-week visa exemption that has been implemented two to three years ago. Now we have to look at outside ASEAN,” Puspanathan said.
Besides, he said, ASEAN should also eye tourists from East Asia like China, Japan, and South Korea as well as from India. The middle class in the emerging countries was identified as a good potential market for ASEAN’s tourism sector. (TPS 01/24)
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What’s New? (A synopsis of selected book acquisitions at the DTI-TIIC library)
27 February 2012 13
Title : The Philippines – Outsourcing’s New Destination, a Guide for Businessmen and Investors 2011-2012
Title : E-government Initiatives of Four Philippine Cities Author : Gabrielle Iglesias Call Number : 45 608/13.06/IGL/ 2010
Publisher : Manabat Sanagustin & Co., CPAs Call Number: 45 608/08.06/PER
Legend: BMI BWD PDI TPS -
Business Mirror Business World Philippine Daily Inquirer The Philippine Star
The publication serves as a guide in setting up outsourcing business in the Philippines. It presents an overview of the country’s dynamic business environment and contains facts and experiential knowledge from some of the country’s leading outsourcing executives. This guide also provides a directory of government and private agencies that can assist existing and prospective business investors.
Philippine Postal Permit No. PM-04-08
The book provides a snapshot of local city governments usage of information and communication technology (ICT) to improve their public service delivery and promote good urban governance. It showcases four pilot city governments – Caloocan, Muntinlupa, Antipolo, and Tagaytay – known to have actively utilized ICT applications in facilitating urban governance.
Editor-in-Chief: Anne L. Sevilla Associate Editor: Vic S. Soriano Writers: Resty P. Par, Jam A. Hourani, Aye B. Salcedo, Elaine M. Lazaro, Emman R. Caleon Design/Layout: Ren C. NeneriaCirculation: Myrna V. delos Reyes To subscribe, email: publications@dti.gov.ph