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04 June 2012 1
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04 June 2012 Vol. 16, No. 12
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 BOI tallies P133-B April investments Inside DTI BOI, PEZA retain regulatory powers Good News, Philippines! 1. Factory output up 8.2% in March 2. Halal drive boosts PHL food exports
Business Alert 1. DTI reduces safeguard duties on imported testliner boards 2. DILG-Region 3 cited for its contribution to the BPLS program 3. PEZA pushes use of Batangas Port Consumer News 1. Consumers warned against toxic-laced school supplies 2. DTI warms violators of SRP for school supplies 3. DTI says airline rebooking fees illegal
MSME/OTOP News 1. JICA commits investments in 20 industrial sectors 2. DTI, DAR hold handweaving training 3. PCCI, IPOPHL to promote ASEAN Watch MSMEs trademarks and copyrights 1. ASEAN, Japan eye 10-year road map 4. Bulacan’s “Hapinoy” to double trade to boost micro-economy 2. Furniture pavilion seen to boost intra-ASEAN trade Statwatch What’s New?
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Focus BOI tallies P133-B April investments
Vol. 16, No. 122
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nvestments registered with the Board of Investments (BOI) reached P133.2B in April this year, up by 254.6% from P37.6B recorded in the same month last year. The inflows have brought total approved investments for January to April this year to P151.6B, up by 2.4% over P147.9B in the same period in 2011. “The increase in April approvals was driven by two big-ticket items and the implementation of a streamlined investment approval process the BOI pilot-tested in April,” Department of Trade and Industry (DTI) Undersecretary for Industry Development and Trade Policy Group (IDTPG) Adrian S. Cristobal, Jr. said. The BOI approved two big power projects in April amounting to P71.2B, from the Masinloc Power Partners Co. worth P49.5B and the Southwest Luzon Power Generation Corporation worth P21.8B. Filipino investments amounted to P126.7B, or 297.1% better than the P31.9B reached during the same month last year. On the same note, foreign investments in April grew to P6.5B from P5.6B in the comparative month last year. Moreover, investment from abroad in the first four months of the year amounted to P10.2B, or 26% better than the P8.1B recorded in the same period in 2011. Notable growth in investments came from the members of the Association of Southeast Asian Nations (ASEAN), with Thailand as the biggest foreign investor for January to April accounting for P3.6B worth of investments. Japan followed as the next biggest source of foreign investments in the four-month period, with Japanese firms committing to pour in over P1B.
Investments by sector January to April 2012 (in billion pesos) Sector Electricity, gas, steam, and air conditioning Real estate Mining and quarrying Accommodation and food service activities Manufacturing Water supply and sewerage/waste management
Amount 84.3 20.6 14.6 6.9 5.3 4.3
“We see rising investor interest in strategic sectors such as agribusiness, manufacturing, and tourism,” said Cristobal, who is also the BOI Managing Head. There were 158 projects approved for the first four months which are expected to create 22,114 new jobs. “Domestic investors’ confidence in the economy continues to rise, and the same goes for foreign investors for the past four months,” said Cristobal. The more business-friendly investment application process BOI is pilot-testing is on agribusiness, mass housing, and tourism projects. “We are anticipating that the BOI’s streamlined process will encourage more investors to set up shop or expand in the country,” he said. Some 51 out of the 86 approved projects for April, amounting to P21.8B, used the new form. Results of the pilot-testing on the three sectors will determine if the streamlined process can be applied to the rest of the sectors under the Investments Priorities Plan (IPP), the county’s blueprint for investment promotions.
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Inside DTI BOI, PEZA retain regulatory powers
04 June 2012 3
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he regulatory functions of the Board of Investments (BOI) and the Philippine Economic Zone Authority (PEZA) shall be retained as agreed in principle by the Department of Finance (DOF) and the BOI. This is part of the “points of convergence” between the two government agencies on the proposed Rationalization of Fiscal Incentives bill. Under this “point of convergence,” the BOI shall retain its current mandate to grant tax incentives to investors outside of freeports and economic zones. BOI shall also be mandated as the government’s premier investment promotion agency. As such, it shall conduct investor servicing to ensure
Good News, Philippines! 1. Factory output up 8.2% in March
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anufacturing output posted a year-on-year 8.2% growth in March this year, the National Statistics Office (NSO) reported based on the results of the Monthly Integrated Survey of Selected Industries (MISSI). Significant expansions in production output Sector
Increase in production output (%) Furniture and fixtures 95.1 Footwear and wearing apparel 94.6 Tobacco products 28.4 Electrical machinery 28.0 Publishing and printing 17.3 Food manufacturing 16.1 Wood and wood products 13.7 Beverages 11.3
On a month-on-month basis, the Volume of Production Index (VoPI) accelerated to 7.9% in March. Four of the 18 major sectors exhibited double-digit increases, namely: Wood and wood products, 20.4%
investor issues are addressed and investors keep their investments in the country. Aside from its promotional function, the BOI shall conduct industry development road maps. It shall also act as the policy formulation body for investments. PEZA, on the other hand, shall administer incentives for enterprises inside the ecozones and freeports except for the Cagayan Economic Zone Authority (CEZA) and the Aurora Pacific Economic Zone and Freeport Authority (APEZFA). It was also proposed that all other government investment promotion agencies (IPAs) shall maintain their charters and have the option to draw incentives from the PEZA law.
Electrical machinery, 13.7% Miscellaneous manufactures 12.3% Leather products, 11.1%
Meanwhile, Value of Production Index (VaPI) for total manufacturing gained as it posted a two-digit increment of 11% in the period. Major sectors contributing to VaPI growth Sector % contribution Footwear and 95.6 wearing apparel Furniture and fixtures 70.8 Tobacco products 27.3 Electrical machinery 25.7 Food manufacturing 25.1 Publishing and printing 17.3 Petroleum products 16.7 Beverages 12.4 Rubber and plastic products 10.4
VaPI, on a monthly basis, continued to grow by 7.5% in March. Of the 20 major sectors, 18 posted increases in VaPI led by wood and wood products with two-digit increase of 21.4%. (TPS 05/16)
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2. Halal drive boosts PHL food exports
Vol. 16, No. 124
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hilippine food exports grew 21% in the first four months of the year, attributed to the country’s aggressive promotion of halal-certified food and food products abroad.
The Center for International Trade Expositions and Missions (CITEM), an attached agency of the Department of Trade and Industry (DTI), spearheaded the country’s participation in three of the world’s important halal-centered food shows from February-April this year, namely: Gulf Food Hotel and Equipment Exhibition and Salon Culinaire (GULFOOD), earning US$48.6M;
MSME/OTOP News 1. JICA commits investments in 20 industrial sectors
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he Japan International Cooperation Agency (JICA) has committed more investments from Japan in at least 20 industrial sectors through the National Industry Cluster Capacity Enhancement Project (NICCEP), a three-year industry capacity building initiative it signed with the Department of Trade and Industry (DTI). The JICA-funded project aims to enhance the capacity of selected industry clusters to increase their contribution to the national economy particularly in terms of investment generation; export growth; job creation; and development of micro, small, and medium enterprises (MSMEs). The promotion of industry clusters is a major strategy under the Philippine Development Plan (PDP) 2011-2016. Under the program, there will be an exchange of industry experts on industry cluster development between Japan and the Philippines for the conduct of trainings and workshops and opportunities for forming linkages between producers and marketers.
Malaysia International Halal Show (MIHAS), earning US$6.3M; and Singapore’s Food and Hotel Asia, earning US$8.5M.
The country’s total food export as of April 2012 stood at US$2.6B. DTI Secretary Gregory L. Domingo said the positive impact of joining overseas fairs contributed greatly to the country’s total food export. The Philippines is aggressively promoting halal-certified food and food products in its bid to grab a good share of the US$661-B world halal food market.
JICA Chief Representative Takahiro Sasaki said the project complements the Philippine government’s goal of expanding the manufacturing sector’s contribution to the economy. NICCEP Clustering Luzon Bamboo Coffee Dairy Health and wellness Information and communications technology (ICT) Milkfish Tourism Wearables and homestyles Visayas Gifts, decors, and housewares Health and wellness ICT Tourism Mindanao Banana Coconut ICT Mango Mining Palm oil Poultry Rubber Seaweeds Tourism Tuna Wood
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04 June 2012 5
DTI Secretary Gregory L. Domingo earlier said the goal is to raise the share of manufacturing to the gross domestic product (GDP) to 20% in 10-15 years from 12%-14%. Domingo added the DTI is making a substantial push for MSMEs and that
2. DTI, DAR hold handweaving training
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he Departments of Trade and Industry (DTI) and Agrarian Reform (DAR) conducted a five-day handweaving training for a new set of weavers last 08-12 May 2012 at the Gregorio Fojas Elementary School in Tanza, Cavite. DTI-Cavite Provincial Director Edgar E. Ramos said the training was designed to upgrade the skills of new weavers in using water hyacinths or water lily as a raw material for baskets, slippers, and house and holiday decorations.
3. PCCI, IPOPHL to promote MSMEs’ trademarks and copyrights
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he Philippine Chamber of Commerce and Industry (PCCI) has forged a partnership with the Intellectual Property Office of the Philippines (IPOPHL) to conduct a nationwide series of training programs and enable local chambers to assist members on trademarks or copyright applications. The initiative is aligned with the Declaration of Commitment signed by both parties to enhance the competitiveness of micro, small, and medium enterprises (MSMEs)
4. Bulacan’s “Hapinoy” to boost micro-economy
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he province of Bulacan will launch a program dubbed as Happy and Pinoy (Hapinoy) that aims to boost micro-enterprises in the locality.
it is currently in talks with the Department of Budget and Management (DBM) for the provision of a budget for MSMEs’ capacity building which should consist of access to skills, equipment, market, and financing.
Ramos said the proponent Tanza Water Hyacinth Weavers and Gatherers Association, Incorporated (TWHGA), one of the beneficiaries of the Regional Operations and Development Group’s (DTI-RODG) flagship program, is committed to improve the skills and management ability of its members in using water hyacinths. With proper technology and product development, water hyacinth products have the potential to boost domestic and international market, he said.
through the use of the intellectual property (IP) system, the PCCI said. “It is important to empower our MSMEs, which comprise 99% of the country’s registered enterprises and to enable them to compete in both the local and global market. MSMEs can be more competitive using the IP system,” PCCI President Miguel B. Varela said. Varela added that aside from protecting the business from unfair competition, patents and trademarks will also add significant value to corporate brands.
Bulacan Governor Wilhelmino M. Sy-Alvarado and PESOPhil Chairman Elizabeth Alonzo, together with MicroVentures Foundation, signed a Memorandum
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Vol. 16, No. 126
of Agreement (MOA) last 22 May 2012 at the Hiyas ng Bulacan Convention Center to initiate the program. “Part of the program is the training of the store owners to develop values, skills, and networks that can help them to be more successful in their businesses,” Alvarado said.
Business Alert 1. DTI reduces safeguard duties on imported testliner boards
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he Department of Trade and Industry (DTI) has approved the reduced safeguard duties on imported testliner boards to help the domestic industry adjust to import competition. “The government is committed to open up the economy, but with clear direction to assist our domestic industries to be competitive,” DTI Undersecretary for Industry Development and Trade Policy Group (IDTPG) Adrian S. Cristobal, Jr. said. Initially imposed last year, the safeguard measure for testliner boards will amount to P1,274.90 per metric ton (MT) for the period April to 12 June 2012, and P1,211.15 per MT from 13 June 2012 to 14 June 2013. As provided in the Safeguards Act or Republic Act (RA) 8800 and the World Trade Organization (WTO), safeguard measures are permitted in cases of import surge of “like” or “directly competitive” import
2. DILG-Region 3 cited for its contribution to the BPLS program
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he Philippine Chamber of Commerce and Industry (PCCI) awarded the Department of the Interior and Local Government (DILG)-Region 3 with a Special Recognition plaque for its significant support to the Central Luzon’s Business Permit and Licensing System (BPLS) program.
Alonzo said the program will start through the selection of sari-sari stores from the different towns in Bulacan with the help of Barangay Training and Employment Coordinators (BGTEC). Hapinoy will comprise three parts: training, clustering, and monitoring. Some 50 female store owners can qualify for its pilot test.
products affecting or threatening the domestic industry. “The safeguard measure on imported testliner boards increased domestic sales by 21%, capacity utilization rate by 13%, and helped improve its local production by 13% in 2011. Increasing domestic production means more jobs in the testliner board industry and its allied industries,” Cristobal said. The DTI Order on safeguards on testliner boards issued in July 2011 stated that the definitive safeguard measure will be imposed for three years and shall continue to be liberalized annually on the second and third years of the implementation period. The safeguard measure is subject to an annual review to determine if the duty can be further liberalized. Based on the Tariff Commission’s recommendation, P1,342.00 per MT was imposed during the first year of implementation.
Signed by PCCI President Atty. Miguel B. Varela, the award recognized DILG-Region 3, together with the Department of Trade and Industry (DTI), in helping achieve the 100% compliance of all LGUs in the region with the BPLS’ Component 1. BPLS adopts a unified form in business permit application.
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3. PEZA pushes use of Batangas Port
04 June 2012 7
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he Philippine Economic Zone Authority (PEZA) is now pushing for the full use of the modernized Batangas Port. “Give us the volume needed to lure in the international shipping lines and we will produce that volume,” PEZA Director General Lilia B. de Lima said. Shipping lines used to refuse to call on the port due to lack of volume while manufacturers in the region do not use the port because there are no ships that regularly call on the port.
Consumer News 1. Consumers warned against toxic-laced school supplies
2. DTI warns violators of SRP for school supplies
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In January this year, a breakthrough was reached when MCC Transport, a wholly owned subsidiary of the A.P. Moller-Maersk Group, started making weekly calls on the port, sailing out to destinations in other port cities of Asia every Saturday. De Lima said key players in running the port and providing support services are busy working out a system of cutting down by half its fees until yearend to hasten the port’s full use.
coWaste Coalition warned consumers about buying school supplies as they have found harmful chemicals in nine out of 25 items from street vendors in Divisoria, Manila and even from a major bookstore chain.
The amount of lead detected in eight out of nine tainted samples, including a water canteen, exceeds the 90 parts per million (ppm) limit for lead in children’s products under the US Consumer Product Safety Improvement Act of 2008.
The toxic chemicals were found after they screened the samples for antimony, arsenic, cadmium, chromium, lead, and mercury using a handheld X-ray fluorescence (XRF) device, EcoWaste Coalition Project Protect Head Aileen Lucero said.
Lead has no safe levels for exposure even in very low doses. It is classified as a neurotoxin or a substance that is capable of damaging the central nervous system, including the brain, causing behavioral, body movement, emotional, and intellectual disorders.
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he Department of Trade and Industry warns retailers who do not follow the suggested retail prices (SRP) on school supplies, uniforms, and bags.
(MAL 05/11)
Group (CWBRG) Zenaida C. Maglaya said. The DTI has also reminded all manufacturers and retailers to observe proper labeling of their products.
The SRP was agreed during a meeting with manufacturers, retailers, and the DTI. Published on 05 May, the SRP was meant to ensure that prices of these products remain at reasonable levels and retailers observe the agreed price range.
Already, the DTI has conducted its first of a series of 30 “Diskwento CaravanBalik Eskwela Edition” in 16 key cities to provide as much as 50% discount on school supplies, uniforms, and bags before the school opens this month.
“If manufacturers and retailers will not follow, then we are going to give them notice to explain why they did not comply and if their explanation does not suffice, then we are going to press for necessary charges of overpricing,” DTI Undersecretary for Consumer Welfare and Business Regulation
Prices of products sold at these caravans are pegged at factory levels enabling consumers to avail themselves of discounts ranging from 10% to 50%. The caravans are mostly in partnership with local government units (LGUs), which provide for the venue.
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Vol. 16, No. 128
G A B AY S A P A M I M I L I N G SCHOOL SUPPLIES (As of 09 May 2012)
BRAND
No. of Type of Leaves Paper
*SRP BRAND
No.of Leaves
Composition Notebooks Advance (Assorted Design) w/o plastic cover Advance (Color coding) Emoticon Carton Neon Notes So-so Happy) w/plastic cover Advance Character - New Design w/plastic cover Best Buy - New Design w/ plastic cover and margin Consolidated Hots. Pinoy Colors little Bob. Super Strikas NBS Basics - Kraft w/ margin New Design Topline - ABC Cartoons, Bunny. Funny Faces. Kidodito and Neon Calypso New Design w/o plastic cover Topline Character - Teenstar - Growing up. Kidstar. My Beloved. Walang Hanggan w/o plastic cover Veco New Designs - (Neo Pop. Under the Seas.Color notes) w/ plastic cover Paperline Character w/ margin Yasaka- Color Coded (New) Career 2011 Old Designn
80 80
Yasaka - 2011 Old Design
80
Yasaka - Kraft
80
Meritt - My future. Mono WRITING NOTEBOOKS Advance (Assorted Design) w/o plastic cover Advance Color Coding Emoticon. Cartoon, Neon Notes. So-so Happy) w/plastic cover Advance Character - New Design w/plastic cover Best Buy w/ plastic cover - New Design Consolidated Hots. Pinoy Colors. Little Bob Super Strikas Merit - My future. Mono NBS Basics - Kraft w/ margin New Design Paperline Character w/ margin Topline - ABC Cartoons, Bunny. Funny Faces. Kidodito and Neon Calypso New Design w/o plastic cover Topline Character - Teenstar. Growing up. Kidstar My Beloved. Walang Hanggan w/o plastic cover Veco New Designs - (Neo Pop. Under the Sea.Color notes) w/ plastic cover Yasaka - Color Coded (New Design)
80
econobond 13.75 WRITING NOTEBOOKS Yasaka - 2011 Design econobond 14.75 SPIRAL NOTEBOOKS Advance - (Colors of life Emoticon, econobond 15.75 Falcon notes Fancy Notes Go Green -Kraft Neon Notes Pinoy econobond 14.00 Pride So-so happy) econobond 12.75 w plastic cover Advance (Character Design) econobond 12.00 w plastic cover econobond 12.75 Best Buy w/ plastic cover Consolidated Hots Pinoy Colors Little Bob Super Strikas econobond 12.75 NBS Basics - kraft with margin New Design econobond 15.00 Paperline - Character with margin New Desgn Topline (Bunny, Funny Faces, econobond 14.75 Kidodito Neon Calypso So —. econobond 12.50 Sunflowers andTeen Notes) mechanical 10.00 - New Design w/o plastic cover bond mechanical 10.00 Veco - (Color notes, under the sea) bond w/ plastic cover and margin mechanical 11.50 2012 New Design bond bond 14.75 Yasaka 2011 Design
80
econobond 13.75 Yasaka - Kraft 2012 Design
80
econobond 14.75
80
econobond 15.75
80 80
econobond 14.00 econobond 12.75
80 80 80 80
bond econobond econobond econobond
80 80 80 80 80
80 80 80 80 80
14.75 12.00 14.75 12.75
80
econobond 12.75
80
econobond 15.50
80
econobond 12.50
GRADES 1-4 PAD PAPERS Easywrite Grade 1, 2, 3, 4 (2s) Easywrite Grade 1, 2, 3, 4 (3s) Best Buy Best Buy NBS Basic NBS Basic Sakura Yasaka INTERMEDIATE PAD PAPERS Victory Best Buy Best Buy NBS Basic NBS Basic Easywrite Best Yasaka
Type of Paper
*SRP
80
mechanical 10.75 bond
80
econobond 14.75
80
econobond 15.75
80
econobond 14.00
80 80
econobond 12.75 econobond 12.00
80
econobond 14.75
80
econobond 12.75
80
econobond 15.50
80
mechanical 10.00 bond mechanical 11.50 bond
80
80 80 80 80 80 80 80 80
book book bond book bond premium bond book
20.75 28.75 11.00 12.00 9.00 10.00 9.00 12.50
80 80 80 80 80 80 80 80
book bond book bond premium book bond book
25.75 18.00 22.50 15.50 18.00 21.75 14.00 23.50
BRAND *SRP Pencils Regular Size Mongols No. 1, 2, 3 17.75 (3pcs/pack) Best Buy No. 1 and 2 9.50 (3pcs/pack) Chirp No. 1 and 2 12.25 (3pcs/pack) HBW Yellow No. 1 and 2 14.50 (4pcs/pack) Joy No.2 (3pcs/pack) 11.50 Leone Kids No. 1, 2, 3 12.50 (3pcs/pack) T-Pencils for kids No. 2 19.75 (3pcs/pack) JUMBO SIZE Mongol XL No. 2 30.75 (3pcs/pack) T-Pencils for kids No. 2 29.75 (3pcs/pack) CRAYONS AMSPEC - Crayola 8s 19.75 AMSPEC - Crayola 16s 37.75 AMSPEC - Crayola 24s 51.75 AMSPEC - Crayola 48s 117.75 AMSPEC - Li’l Hands 15.75 Reg 8s AMSPEC - Li’l Hands 31.75 Reg 16s AMSPEC - Li’l Hands 41.75 Reg 24s Best Buy 8s 11.25 Best Buy 16s 22.50 Best Buy 24s 32.00 NBS Basics 8s 11.00 NBS Basics 16s 22.75 NBS Basics 24s 31.75 Joy 8s 11.00 Joy 16s 22.25 Joy 24s 31.75 Sterling Crayons 8s 11.75 BALLPENS Lotus PRO 10.75 Lotus Bright 10.25 Lotus New Regular 17.75 (3pcs/pack HBW PEN & MATRIX 6.00 Panda Ballpen 5.75 Titus Ballpen 7.25 Standard Free 9.75
*SRP - Suggestedt Retail Price applies nationwide
SA PAGBILI NG SCHOOL SUPPLIES, HANAPIN ANG MGA SUMUSUNOD SA LABEL: 1. Notebooks – bilang ng pahina; klase (book o bond) type, size, at grammage ng papel; brand name o trademark; pangalan at address ng manufacturers, converter o importer; bansa kung saan ginawa ang produkto. 2. Pad papers – bilang ng pahina: type at klase ng papel (book o bond); brand name o trademark: pangalan at address ng manufacturer, converter o importer; bansa kung saan ginagaw ang produkto. 3. Crayons – brand name o trademark; bilang ng crayons sa box (box of 8, 16, 24, etc.); pangalan at address ng manufacturer o distributor; mga salitang “non-toxic” na nagpapahayag na ito ay nasuri at nakapasa sa “allowed toxicity level” na itinakda ng Food and Drug Administration (FDA); at bansa kung saan ginagawa ang produkto. 4. Pencils – brand name o trademark; hardness symbol (1,2,3); at bansa kung saan gingawa ang produkto. 5. Ballpens – brand name o trademark; tip classification (fine, medium etc.); nakalagay sa box ang pangalan at address ng gumagawa. Kung may katanungan o reklamo sa kalidad o presyo ng mga school supplies, maaring tumawag o magsadya sa pinakamalapit na opisina ng DTI sa inyong lugar o tumawag sa
751.3330
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3. DTI says airline rebooking fees illegal
04 June 2012 9
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he Department of Trade and Industry (DTI) said that airlines should refund in full or rebook a passenger affected by flight cancellations or delays attributable to carriers at no additional cost to passengers. DTI Undersecretary for Consumer Welfare and Business Regulation Group (CWBRG) Zenaida C. Maglaya said this as the Department of Transportation and Communications (DOTC) has circulated the second draft of Economic Regulation No. 7 concerning “Boarding Priority and Compensation for Denied Boarding, Delayed, and Cancelled Flights” for comments.
governed under DOTC Regulation No. 74, the law on full disclosure must be applied. This means full disclosure of the taxes being imposed including fuel surcharge and insurance. 5. The total fare should be clear from the very start that it is inclusive of all the taxes and what these taxes are . DTI has made a stronger stance on airline promotional fares because of mounting complaints from passengers of cancellations and delays as airlines overbooked their flights resulting in those with promo fares getting bumped off or getting flown in a later flight. DOTC’s draft regulation:
DTI comments on the second draft: 1. Airlines should not charge rebooking or cancellation fees. Rebooking fees are usually higher than the price of the cancelled ticket. Rebooking fees can range from P1,200 to P1,500 when some promo fares can be bought at P500 or less. 2. It should be the option of the affected passenger if he or she chooses a full refund or flight rebooking . 3. If the flight delay or cancellation is not caused by force majeure, the airline should pay the full amount and all that a passenger is entitled to including meals, hotel accommodation, and hotel-airport transfers. 4. For promotional fares, which are
1. In case of cancellation for causes attributable to the carrier, the carrier shall provide the passenger refreshments or meals, hotel accommodation, transfer from airport to hotel, free phone calls or e-mails, and first aid, if necessary. 2. In case the passenger opts not to fly the ticket anymore, reimbursement of the cost of the sector not flown shall be given. 3. In case of delay, meals or refreshments, free phone calls or e-mails and first aid should be provided to passengers for more than one-hour delay. For flight deferred until the next day, the carrier shall provide meals, hotel accommodation, and hotel transfer.
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ASEAN Watch 1. ASEAN, Japan eye 10-year road map to double trade
Vol. 16, No. 1210
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apan and the Association of Southeast Asian Nations (ASEAN) economic ministers (AEM) aimed to finish a road map by August this year to double trade in 10 years between Japan and ASEAN members. The roadmap will be presented for approval at a meeting of ASEAN and Japanese economic ministers in Cambodia in August this year. (BWD 05/13)
2. Furniture pavilion seen to boost intra-ASEAN trade
P151.6B Board of Investments (BOI )-registered investments in January to April 2012 vs. P147.9B BOI-registered of 2011
P133.2B BOI-registered investments in April 2012
P126.7B Filipino investments Road map focus
STATWATCH
Trade and investment liberalization, facilitation, and promotion System harmonization Improvement of logistics and distribution networks Narrowing development gaps Promoting advanced industrial development
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rade among members of the Association of Southeast Asian Nations (ASEAN) is expected to increase with the planned establishment of furniture pavilion in each member country including the Philippines. “With this, we can promote each country’s furniture. And I see that the Philippines will standout because of our unique products and excellent furniture design,” Chamber of Furniture Industries of the Philippines (CFIP) Vice President for Market Development Emmanuel P. Padiernos said. Padiernos revealed that the Philippines and five other member countries of the ASEAN Furniture Industries Council (AFIC) including Indonesia, Malaysia, Thailand, Singapore, and Viet Nam have agreed in principle to create the AFIC pavilion in each country around next year. (TPS 05/07)
registered with BOI in April 2012
P37.6B BOI-registered investments in April 2011 P31.9B Filipino investments registered with BOI in April 2011
P6.5B Foreign investments registered with BOI in April 2012 vs. P5.6B in 2011
US$2.6B Philippine total food exports as of April 2012
US$63.4M Sales generated from international promotions on food products as assisted by the Center for International Trade Expositions and Missions (CITEM) from February to April 2012
22,114 Jobs to be generated by the BOI-approved projects in January-April 2012 254.6% Growth of BOI-registered investments in April 2012 over the same month in 2011
158 BOI-approved projects in January-April 2012
8.2% Growth of manufacturing output year-on-year in March 2012
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What’s New? (A synopsis of selected book acquisitions at the DTI-TIIC library)
04 June 2012 11
Title : 2012 Index of Economic Freedom
Title : Statistical Yearbook for Asia and the Pacific 2011
Author : Miller, Terry et al.
Publisher : Economic and Social Commission for Asia and the Pacific Call Number : STAT/45 000/ESCAP/ 2011
Call Number : 00 000/03/MIL/2012 The book documents a global economy that is engaged in an evolving battle between the forces of government and free markets. It offers a valuable starting place from which to reflect on the fundamental principles of the free market system and the lasting value of economic freedom. In addition to the rankings and analysis of the results, the report contains timely chapters that examine facets of economic freedom that are particularly relevant to today’s policy debates.
BWD MAL TPS
Philippine Postal Permit No. PM-04-08
Legend:
This material contains statistical data on population, education, labor, health and public services, environment, inequality, and the state of the economy and the new global economy – indicating where people are migrating, trading, travelling, communicating. Data are available for the 58 regional Economic and Social Commission for Asia and the Pacific (ESCAP) member states.
- Business World - Malaya - The Philippine Star
Editor-in-Chief: Anne L. Sevilla Managing Editor: Vic S. Soriano Associate Editor: Resty P. Par Writers: 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