Dataline 16 (2013) by Department of Trade and Industry

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August 12, 2013 1

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August 12, 2013 Vol. 17, No. 16

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 Filipino consumers world’s 2 most optimistic nd

Business Update Tap ASEAN, local brands advised

Continued growth seen Inside DTI 1. DTI welcomes Usec. Terrado 2. DTI immerses youth in gov’t service 3. PHL is 8th best Asia-Pacific destination for franchise expansion 4. PHL climbs 5 notches in global innovation index 5. More Filipinos optimistic in 2013 6. Gov’t retains growth targets for the next 2 years 7. Foreigners eye PHL as potential trade partner

Consumer News 1. DTI confers Bagwis Seal to SM Food Group 2. DTI: Sell more locally produced food over junk foods in school canteens 3. DTI, AISL sign MOA to control undelivered balikbayan boxes 4. DTI-Capiz destroys seized substandard products Features BDT showcases CAR products

ASEAN Watch 1. PHL, Malaysia launch initiatives MSME News for bilateral trade 1. DTI launches SME Roving Academy 2. Korean firms conduct trade mission in Davao, Iloilo 2. DTI assists SMEs in Mindanao, Statwatch Laguna 3. DTI: SMEs set for AEC What’s New? 4. ‘Diskwento Sale’ now an annual Dagupan Charter Day event

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Focus Filipino consumers world’s 2nd most optimistic

Continued growth seen

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rowth in the third quarter will likely remain strong based on general economic activity indicators, the National Statistical Coordination Board (NSCB) announced. The composite leading economic indicator (LEI), which tracks 11 economic indicators, improved to 0.152 in the third quarter from a revised 0.064 in the second quarter – indicating “a positive outlook for the country’s economy.” The NSCB said the LEI was positive for the second quarter in a row after the revised 0.026 in the first quarter, when gross domestic product (GDP) expanded by a better-than-expected 7.8%. Major LEI growth contributors (Q3 2013) • • • • • • • •

Electric energy consumption Hotel occupancy rate Money supply Number of new businesses Stock price index Terms of trade index Total merchandise imports Visitor arrivals

The NSCB said the eight indicators accounted for 82.4% of the LEI, up from 71.9% in the second quarter. The biggest contribution came from total merchandise imports, which recovered in April after slumping in the first three months of the year. “The first-quarter GDP growth was already a strong growth. Third-quarter growth will be about the same,” Asian Institute of Management (AIM) Professor Emmanuel A. Leyco said. On the same note, University of the Asia and the Pacific (UA&P) Senior Economist Cid L. Terosa said stronger growth will result from stronger domestic demand and domestic production.

“Preparations for the expected surge in demand in the fourth quarter will prompt producers to produce more goods and services in the third quarter,” Terosa said. Meanwhile, optimism among Filipino consumers improved in the second quarter, enabling the Philippines to dislodge India as the world’s second most optimistic market, Nielsen’s Global Survey of Consumer Confidence and Spending Intentions Quarterly Report showed. “With the Philippines continuing to display economic resilience and ongoing growth, Filipino consumers remain one of the world’s most optimistic and show growing focus on saving for the future,” the report said. The Philippines recorded a threepoint rise to an index of 121 from the preceding quarter’s 118– against a global average of just 94 – “making it home to the world’s second most confident consumers,” Nielsen noted. It added that the last quarter saw the Philippines’ highest consumer confidence since the fourth quarter of 2010, when the country scored 120. An index above 100 indicates optimism. (BWD 07/24) Top 10 Countries Global Survey of Consumer Confidence (Nielsen) Q2 2013 Country Indonesia Philippines India Thailand Brazil China UAE Hong Kong Malaysia Saudi Arabia Peru Switzerland

Index Point 124 121 118 114 110 110 107 107 103 100 99 98

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Inside DTI 1. DTI welcomes Usec. Terrado

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he Office of the President has recently appointed Nora K. Terrado as new Undersecretary for the Management Services Group (MSG) of the Department of Trade and Industry (DTI). Usec. Terrado replaces Undersecretary Zenaida C. Maglaya, who was recently transferred to the Regional Operations and Development Group (RODG) vice Usec. Merly M. Cruz who had retired from government service last June 2013. As MSG Head, Terrado will oversee the DTI’s administrative and support offices, namely the Financial Management Service (FMS), General Administrative Service (GAS), Human Resource Development and Personnel Services (HRDPS), Management Information Service (MIS), Office of Operational Planning (OOP), and Trade and Industry Information Center (TIIC). She will be involved in coming up with industry policies, coordinating, and monitoring the implementation of the Department’s operational plans and programs. She will also take part in providing information and communication support. Prior to her appointment, Terrado was a respected leader in the information technology-business process management (IT-BPM) industry in the country and headed various multinational firms. She was the President of Headstrong Philippines Inc., a global financial consulting and IT services company.

She was also the Vice President of GENPACT Headstrong Capital Markets and IT Philippines, and Site Leader of GENPACT Manila Global Delivery Center. A Certified Public Accountant, Terrado also served as Financial Controller, Manager of the Regional Shared Services Center for Southeast Asia Operations of Harper Group/ Circle International, and Vice President for Finance and Administration of Circle Freight and Affiliated Companies. She also worked as External Auditor at SGV&Co (now Ernst and Young). As an industry leader, Terrado served as the President of the Philippine Software Industry Association (PSIA) from 2010 to 2013. She was also involved in the software industry’s various initiatives during her term such as strategic market positioning and branding for the Philippines, collaboration with industry stakeholders, product and process innovation, and continuous talent development among the industry, to name a few. She was a member and trustee of the Business Process Outsourcing Association of the Philippines (BPA/P) now Information Technology and Business Process Association of the Philippines (IPBAP) and member of the American Chamber of Commerce in the Philippines (AmCham). Terrado earned her B.S. Commerce degree as a state scholar at the University of St. La Salle Bacolod City and studied Strategic Business Economics at the University of Asia and Pacific (UA&P).

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2. DTI immerses youth in gov’t service

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he Department of Trade and Industry (DTI) recently employed students and college graduates under the Government Internship Program (GIP), immersing them in the bureaucracy for effective training and possible employment. “In involving the youth to public service, we provide them the opportunity to take part in the Aquino administration as it makes remarkable progress in making government an effective servant of the people through good governance and reforms,” DTI Secretary Gregory L. Domingo said. The DTI employed a total of 632 interns nationwide. The first and second batch of interns totaled 365 and 267, respectively. Most of these interns, numbering to 330, were assigned in Luzon. The interns assigned in Visayas and Mindanao totaled 90 and 212, respectively. Only seven interns were assigned in the Head Office. The DTI has been implementing the GIP every summer for 20 years now. Interns were asked to perform actual office work and helped in the implementation of the Department’s programs, projects, and activities. These interns, aged 18 to 25 years old, completed 52 days of work and were provided with stipends.

3. PHL is 8th best Asia-Pacific destination for franchise expansion

he Philippines emerged as the 8th best destination for franchise brands that will seek expansion in member-states of the Asia-Pacific Economic Cooperation (APEC), a study of EGS Survey Group showed. “The study also validated the country’s standing as the franchising hub in Southeast Asia,” Philippine Franchise Association (PFA) Chairman Emeritus Samie Lim said.

The GIP is a key component of Kabataan 2000 that started in 1993. This program covers all national government agencies (NGAs), government-owned and -controlled corporations (GOCCs), and local government units (LGUs). It aims to initiate youth in public service, serve as recruitment for potential public employees, and extend possible financial assistance for the next schoolyear enrolment. “Based on our post-internship appraisal, most of the interns not only learned to perform general office tasks like record keeping, filing, running service counters, and other administrative tasks, but also enriched their communication and research skills,” DTI-Human Resource Development and Personnel Services (HRDPS) Director-in-Charge Joel R. Cruz said. “We also gave awards to 10 outstanding interns based on their performance ratings. These performance ratings, which were based on their actual outputs and work attitude, can also be used for their actual job employment in the future,” Cruz said.

“They recognize our leadership in the region and we have more certified franchise executives (CFEs) than anywhere else in the world except the United States (U.S.),” Lim said. Best destinations for overseas franchise concept expansion 1. 2. 3. 4. 5. 6. 7.

Chile U.S. Japan China Canada Australia Mexico

8. 9. 10. 11. 12. 13.

Philippines Indonesia Viet Nam Malaysia South Korea Russia

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4. PHL climbs 5 notches in global innovation index

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These destinations were ranked according to their expected gross domestic product (GDP) growth in 2013, market size, legal concerns for international brands, ease of market entry, ease of starting a new business, and political and economic stability.

1.5M Filipinos, strengthening the PFA’s claim that the industry can be a major job generator.

Currently, Lim said there are around 1,300 franchisors and 150,000 franchisees nationwide. Franchising also provides employment to around

Retail sales nationwide were at USD 36B in 2011 and franchising sales are also included in this amount. (BMI 07/14)

he Philippines ranked 90th in the most innovative economy in the world this year, up five notches from last year’s 95th position, the Global Innovation Index (GII) 2013 reported. The Philippines scored 31.2 out of possible 100 in the GII compared to last year’s score of 29. “The results of the GII provide testimony to the global nature of innovation today. The top 25 ranked countries on the GII are a mix of nations from across the world — North America, Europe, Asia, Oceania, and the Middle East. While high-income economies dominate the list, several new players have increased their innovation capabilities and outputs,” GII Report Co-Editor Soumitra Dutta said. The GII 2013 also sub-categorized innovation into three: innovation output, innovation input, and innovation efficiency ratio.

Based on innovation output, the Philippines got a score of 30 out of 100 to rank 77th in the world, and scored 32.3 to rank 108th in innovation input.

He added that the franchising industry accounts for around 30% of the country’s total retail revenues estimated at USD 13B in 2011.

The country’s innovation efficiency ratio was regarded by the report as one of the country’s strengths. It earned 0.9 (with the highest score of 1.13 given to Mali) to rank 24th globally. (TPS 07/15)

Global Innovation Index (GII) ranking for the Southeast Asia Region Country

Rank

Singapore Malaysia Thailand Brunei Darussalam Viet Nam Indonesia Philippines Cambodia

8th 32nd 57th 74th 76th 85th 90th 110th

PHL areas of strength • Percentage of graduates in science and engineering • Market capitalization • Business-financed research and development, • Joint-venture and strategicalliance deals • Percentage of high and mediumhigh technology manufacturers • Knowledge diffusion

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5. More Filipinos optimistic in 2013

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ore Filipinos are confident that their lives will improve as they look forward to a better economy this year, the latest Social Weather Stations (SWS) survey showed. The First Quarter 2013 Social Weather Report indicated that 39% of Filipinos expected their lives to improve this year, while only 6% expected otherwise, resulting in a “very high” net personal optimism (NPO) of +32, three points up from December’s “high” NPO of +29. The survey also showed that 35% of Filipinos expected that the economy “will be better” while 11% expected it “will be worse,”

6. Gov’t retains growth targets for the next 2 years

he government’s economic team has retained the country’s official growth targets for this year and the next, believing the Philippines is poised to still outperform many of its neighbors. With the decision, the economic growth targets stay at the range of 6%-7% for this year, and 6.5%-7.5% for next year. The growth targets are conservative but at the same time encouraging enough, given lingering uncertainties in the global economy, Department of Budget and Management (DBM) Secretary Florencio B. Abad noted. Abad also serves as Chair of the interagency Development Budget Coordination Committee (DBCC) that sets the government’s macroeconomic targets and policies. In the first quarter of the year, the Philippine economy grew by 7.8%, the fastest growth rate in Asia for the period, even surpassing China’s 7.7%. He said there remains no solid proof that the United States (U.S.) and eurozone will significantly recover,

for a “very high” net economic optimism (NEO) of +23, four points up from the previous quarter’s also “very high” +19. The survey used face-to-face interviews with 1,800 Filipino adults nationwide and was conducted from March 19-22, 2013. The report also showed 24% of Filipinos saying their lives had improved over the last 12 months (gainers) compared to the 27% who said it had worsened (losers), for a net gainers score of -3 (gainers minus losers). The figure is up from the previous quarter’s net gainers score of -8. (PDI 07/08)

adding that China may be showing signs of a slowdown. The U.S., the eurozone, and China are three of the Philippines’ biggest trading partners, accounting for a substantial portion of Philippine export earnings and serving as key sources of goods imported by the country. “There is a chance for the Philippines to exceed the growth targets given favorable domestic developments, but that keeping the original targets to take into account economic uncertainties outside the country is wise,” Socioeconomic Planning Secretary Arsenio M. Balisacan said. Balisacan cited improving consumer and business sentiment in the Philippines that is expected to boost consumption and investments this year and the next. He also said the government intends to further push its infrastructure development program as a strategy to sustain a robust economic growth rate and to create jobs over the medium term. (PDI 07/04)

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7. Foreigners eye PHL as potential trade partner

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12-member delegation from Utah representing various small and medium enterprises (SMEs) visited the Philippines to find local trade partners in various sectors. Led by Utah Governor’s Office of Economic Development Asia Pacific Regional Director Brett Heimburger, the trade mission was the third this year organized by the US Embassy’s Commercial Service. “When a company comes in and is able to develop a sizable market presence, then they start looking at ways where they can manufacture locally to service not only the Philippine market but also other markets in the area like Viet Nam and Indonesia,” Heimburger said. (BWD, TMT 07/16; PDI, TPS 07/17)

MSME News 1. DTI launches SME Roving Academy in Davao, Iloilo

he Department of Trade and Industry (DTI) recently launched the Small and Medium Enterprise Roving Academy in Davao and Iloilo in line with the SME Development (SMED) Week celebration. The SME Roving Academy is a nationwide program of the DTI that targets to develop competitive SMEs by providing information, creating knowledge, and opening communication. The DTI is working with local government units (LGUs), the academe, financial institutions, trade and industry associations, and government and non-government organizations (GOs and NGOs) to carry out the program’s strategies.

2. DTI assists SMEs in Mindanao, Laguna

he Department of Trade and Industry (DTI) provided seven Shared-Service Facilities (SSFs) worth over P3M in Mindanao and Laguna.

Utah’s areas of interest • • • • • • •

Plant nutrition Nutritional supplements Educator effectiveness training, Student-learner skills development Medical infusion pumps Wine Possibly manufacture in the country

Companies in the Utah delegation • • • • • • •

Albion Plant Nutrition Dr. Tim’s Juices Nutranomics School Improvement Network Summit Medical Products TestOut, Inc. TWODOG Wine

“We will harmonize all interventions provided, determine the benefits, measure the impact, and address the gaps,” DTI-6 Regional Director Dominic P. Abad said. Aside from the launch of the SME Roving Academy, a free Franchising Forum was also held during the SMED Week celebration in Davao that featured food cart businesses that can be franchised at P15,000. Meanwhile, INJAP Foundation President Joel Adrias discuss about the best practices of Deco’s Pasalubong Center during the celebration in Iloilo. (zambotimes.com 07/ 05; iloilonestoday.com 07/15)

Six SSFs that cost more than P2M have been approved in Davao del Sur while three more are still being finalized and are targeted to be approved within the year. An SSF

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worth P960,000 has also been awarded to a coconut cooperative in Laguna; the second to be awarded in the Cavite-Laguna-Batangas-RizalQuezon (CALABARZON) area. Meanwhile, the DTI, together with the Japan International Cooperation Agency (JICA), plans to launch SSFs centered on processing raw materials into value-added marketable

products. These will be distributed to farmers in Mindanao. “It is our hope that they will improve their business especially in terms of profit by increasing their production volume and enhancing product quality,” DTI-Davao del Sur Officer in Charge Eulogio C. Orevillo said. (TMT 07/05, MB 07/07, DTI4A News 07/10, pia.gov.ph 07/17)

Beneficiaries and SSFs Davao del Sur Benepisyaryong Reporma ng Agraryong Darong Multipurpose Cooperative (BREAD-MPC) PCEC Kumassie Employees Agrarian Reform Beneficiaries Association, Inc. Multipurpose Cooperative (PKEARBAI-MPC)

— Kakanin production facility

Padada Cococraft Producers and Assemblers Association

— Coco shellcraft production facility

Malita Rural Workers Agrarian Reform Beneficiaries Multipurpose Cooperative (MARWABEMPCO)

— Cacao beans fermentation facility

Kooperatibang Kiblawan facility

— Muscovado sugar production

Bansalan Coconut Farmers and Workers Multipurpose Cooperative (BCMC)

— Coco coir processing facility

Laguna Lingap sa Nayon ng Barangay Anglas Multi-Purpose Cooperative (Lingap)

3. DTI: SMEs set for AEC

— Coco vinegar production facility

epartment of Trade and Industry (DTI) Secretary Gregory L. Domingo affirmed small and medium enterprises’ (SMEs) preparedness for the formation of the Association of South East Asian Nations’ (ASEAN) Economic Community (AEC) set to be completed by 2015. “The AEC is not really a big bang in the sense that, when we reach that date in 2015, suddenly, massive changes will happen; the biggest change has already happened

— Coconut husk processing facility

in 2010. AEC 2015 will mostly affect service areas and investment rules…,” Domingo said, explaining that almost all tariff lines had already been reduced to zero in 2010. The AEC aims to homogenize trade policies among ASEAN members to create an easier stream of imports and exports between ASEAN countries. Domingo also mentioned that the DTI has been priming and supporting SMEs through seminars such as the Doing Business in Free Trade Areas

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(DBFTA) and SME Roving Academy, and programs like the Shared-Service Facilities (SSF) and a financing loan portal

4. ‘Diskwento Sale’ now an annual Dagupan Charter Day event

he Department of Trade and Industry (DTI)-Pangasinan will now make Diskwento Sale an annual event in line with the 66th Charter Day celebration of Dagupan City. Dagupan City Mayor Belen T. Fernandez initiated the event with DTI last June 20, 2013 to establish the date as "sale" day, create awareness about Agew na Dagupan (Dagupan Day), and encourage consumer spending. In this annual highlight, customers can buy basic

Business Update Tap ASEAN, local brands advised

ocal franchisors should view the Association of South East Asian Nations (ASEAN) as the next most lucrative markets for their overseas expansion and not the United States or Europe, according to Philippine Franchising Association (PFA) Chairman Emeritus Samie Lim. Lim said there will be more opportunities with free movement of goods, services, investments, skilled labor, and free flow of capital when the ASEAN Economic Community (AEC) happens in 2015. He also emphasized the advantages of the region strengthening its cooperation with six of its major trading partners—Australia, China, India, Japan, New Zealand, and South Korea—that would yield a combined gross domestic product (GDP) of about USD 17T and 40% of world trade. Addressing local franchises, Lim said that the Philippines has the most vibrant franchise industry in ASEAN.

by the Financial Executives of the Philippines (FINEX), DTI, and Small Business Corporation (SB Corp.). (BWD 07/17; PDI 07/22)

commodities at discounted prices at almost 50%. Participating establishments • • • • • • • • • •

Robinsons Dagupan, EC Deals Supermarket Puregold Jr. Bonuan Unitop Dagupan Dagupan 168 Addessa Corporation Siapno-Tada Optical Magic Group of Companies MJ Gas Corporation CSI Group of Companies.

The country ranked fourth in the latest survey of the International Franchise Association (IFA) on "Best Destinations for Overseas Expansion in APEC." Top 4 Best Destinations for Overseas Expansion in APEC Chile United States Japan, China Canada, Australia, Mexico, Philippines

The countries are ranked according to their expected GDP growth this year, market size, legal concerns for international brands, ease of market entry, ease of starting a new business, and political and economic stability. The number of franchises in the country is expected to grow 30% next year from this year’s 20%, with the influx of foreign companies swarming the local market. However, local franchise leaders cautioned both foreign and local firms to ensure their sustainability. (MAB 07/12; 07/16; 07/19)

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Consumer News 1. DTI confers Bagwis Seal to SM Food Group

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he Department of Trade and Industry (DTI) recently conferred the Bagwis Seal of Service Excellence to seven Savemore market branches in Luzon.

laws, have a consumer welfare desk (CWD), comply with quality management requirements of International Organization of Standardization (ISO), and enforce corporate social responsibility. (TPS 07/15)

DTI awards the Bagwis Service Excellence to establishments that have the highest level of business ethics and advocate fair and truthful marketplace through voluntary self-regulation and service excellence. Recognition is given to establishments that have clean and organized workplaces, support good employeeemployer relationships, and with excellent customer relations.

Savemore market branches awarded with Bagwis Seal of Service Excellence Bagwis award Silver

Bronze

Savemore branch Mendez, Cavite Salitran, Cavite Angono, Rizal Tanay, Rizal Morong, Rizal Apalit, Pampanga Iba, Zambales

DTI also gives the Bagwis Awards to companies who observe the trade

2. DTI: Sell more locally produced food over junk foods in school canteens

3. DTI, AISL sign MOA to control undelivered balikbayan boxes

processing stages, product costing, and pricing.

DTI has extended their assistance to locally made products through

She urged producers to always keep in mind the safety standards in food handling.

he Department of Trade and Industry (DTI)-Eastern Samar encouraged school canteens in the province to sell more locally produced snacks rather than junk foods and asked mothers to help them on their goal to fight malnutrition.

he Department of Trade and Industry (DTI) and the Association of International Shipping Lines, Inc. (AISL) signed a Memorandum of Agreement (MOA) that will help lessen the rate of abandoned and/or undelivered balikbayan boxes due to dishonest foreign consolidators. DTI Undersecretary for Consumer Welfare and Business Regulation Group (CWBRG) Zenaida CuisonMaglaya and AISL President

DTI-Eastern Samar Provincial Caretaker Eleanor O. Alido assured that these products meet the food quality standards.

Edgar C. Mila signed the MOA wherein the two parties will work closely to ensure that balikbayan boxes sent by Overseas Filipino (OFs) are delivered to their families in the Philippines. “The DTI is pleased with its partnership with AISL because we know that the international shipping lines play a vital role in bringing in and sending out packages for many Filipinos from countries around the world,” Maglaya shared.

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4. DTI-Capiz destroys seized substandard products

Features BDT showcases CAR products

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he Department of Trade and Industry (DTI)-Capiz headed the destruction of several uncertified electrical products that were confiscated from local establishments.

he Bureau of Domestic Trade (BDT) is currently showcasing the best of Cordillera products until September 30, 2013. “The BDT showroom actually attracts interests of people that look by the building... while majority of the sales are retail in nature like they buy for personal consumption, you can never tell if somebody will come and put in a big order... an opportunity we are trying to provide,” BDT Director Rhodora M. Leaño said. One of the exhibitors, Amman’s Enterprises, offers knitted garments such as sweaters, bonnets, shawls and ponchos, rugs, woven bags, and wall decorations. Department of Trade and IndustryCordillera Administrative Region (DTICAR) helps SMEs by inviting them to join various exhibits to bring in and

ASEAN Watch 1. PHL, Malaysia launch initiatives for bilateral trade

he Philippines and Malaysia came up with fresh initiatives that would ramp up their bilateral trade. The Philippines exported a total of USD 1.02B worth of goods to Malaysia in 2012, while, Malaysia exported some USD 2.5B worth of goods to the Philippines, the National Statistics Office (NSO) reported. The two countries conducted mutually beneficial activities like trade meetings and information sessions for local exporters.

Most of the confiscated products were substandard Christmas lights, snap switches, and lamp holders worth P178,000.

sell their products in local markets and have opportunities to get buyers from abroad. DTI also provides trainings like costing and pricing. Amman’s Enterprises (formerly Jen Hand-woven and Craft) Owner Jane Kis-ing said through the help of DTI, she was able to send her seven children to school and fortunately, they all graduated in college. Also, BDT, in partnership with Philippine STAR and with support from the Center for International Trade Expositions and Missions (CITEM), is working together and looking for special projects with SM. The project, ‘My City, My SM, My Crafts,’ showcases the best of the best Philippine craftsmanship from the Cordilleras to tribal villages of Mindanao.

Seven existing FTAs in the PHL • Association of Southeast Asian Nations (ASEAN) Free Trade Agreement (AFTA) • ASEAN-China Free Trade Agreement (ACFTA) • ASEAN-Korea Free Trade Agreement (AKFTA) • ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA) • ASEAN-Japan Comprehensive Economic Partnership Agreement (AJCEPA) • ASEAN-India Free Trade Agreement (AIFTA) • Philippines-Japan Economic Partnership Agreement (PJEPA)

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The Department of Trade and Industry (DTI), through its “Doing Business in Free Trade Areas” (DBFTA) outreach program, conducted an information session at Hotel del Rio in Iloilo City for 100 participants composed of small and medium enterprises (SMEs), exporters and manufacturers, local agency and government officials, and members of academe. (BMI 07/04)

2. Korean firms conduct trade mission

orea Importers Association (KOIMA), composed of over 8,000 importers and facilitates 70% of Korea’s total imports, visited the Philippines to look at potential partnerships and investments in the country and conduct its summer buying mission this year. For their part, the Departments of Trade and Industry (DTI) and Tourism (DOT) organized a series of trade and investment seminars and matching of Korean firms and Filipino businessmen on July 17-20, 2013. “The country wants to improve economic relations with South Korea and to promote Philippine business and tourism programs,” DTI Undersecretary for Trade and Investment Promotions Group (TIPG) Ponciano C. Manalo Jr. said. “While we have already lined up a number of local companies, we are still open for more participants from the business community to join us in the business matching session between Philippine companies and the KOIMA,” Bureau of Export Trade Promotion (BETP) Director Senen Perlada said.

STATWATCH Over P3M Value of SSFs awarded to six beneficiaries in Davao del Surand one in Laguna

P178,000 Cost of several uncertified electrical products confiscated and destroyed by DTI-Capiz 632 Number of interns DTI employed nationwide

90th PHL’s ranking in the Global Innovation Index 2013

4th PHL’s ranking in the best destination for overseas expansion in APEC

2nd

PHL’s ranking in Nielsen’s Global Survey of Consumer Confidence and Spending Intentions

39% Percentage of Filipinos expect their lives to improve this year, according to the Q1 2013 Social Weather Report

6%-7% Government’s economic growth target for this year; 6.5%-7.5% for the next

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(A synopsis of selected book acquisitions at the DTI-TIIC library)

Author : Schmidt, Eric/Cohen, Jared

Author : Manyika, James; et.al.

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Publisher : McKinsey & Company Call Number : 00 000/00.02.01/MAN/ 2013

In this report, the authors combine observations about the physical world with their insights into the digital future. This is a forward-thinking account of where the world is headed and what this means for people, states, nations, and businesses. It is about technology, but even more about humans, and how they interact with,implement, adapt to, and exploit technologies in their environment, nowand in the future.

Legend: BMI - Business Mirror BWD - Business World MAB - Manila Bulletin MAL - Malaya PDI - Philippine Daily Inquirer TMT - The Manila Times TPS - The Philippine Star DTI 4A News Iloilonestoday.com zambotimes.com

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Title : The New Digital Age

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This report identifies technologies that could drive truly massive economic transformations and disruptions in the coming years. Itassesses the potential reach and scope and the economic impact and disruption of major rapidly advancing technology areas. Also looks at exactly how these technologies could change the world, as well as their benefits and challenges. It also offers guidelines to help leaders from businesses and other institutions to respond to such challenges.

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What’s New?

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