Processed fruits, nuts industry players commit support to boost R-11’s growth

Twenty-five (25) stakeholders of the Davao Region’s processed fruits and nuts have expressed their support towards the establishment of the industry’s strategic plan.

The Industry Cluster Enhancement (ICE) Program is one of the Department of Trade and Industry’s flagship initiatives. This aims to promote and develop the eight priority industries that the agency supports, namely: cacao, coffee, processed fruits and nuts (PFN), bamboo, coconut, rubber, oil palm, and wear- able and homestyle (W&H).

Through its ICE program, DTI builds alliances with relevant agencies and institutions to implement interventions for productivity and efficiency and create a conducive business-enabling environment.

Meanwhile, to set a clearer direction and improve the industry further, DTI 11, through its ICE program, spearheaded a Strategic Planning Workshop last May 18 to 19, the first since the PFN industry cluster’s inception in 2014.

SEIPI maintains 5% growth target despite lower 1st quarter exports

The Semiconductor and Electronics Industries in the Philippines Foundation, Inc. (SEIPI) is maintaining its 5 percent growth target for this year despite the slowdown in the industry’s export revenues in the first quarter of the year.

SEIPI president Dan Lachica said the sector’s exports from January to March stood at USD9.3 billion, which is around 10 percent lower than the same period in the previous year.

Lachica said all sub-sectors declined their exports in the first quarter, including components and integrated circuits, among others.

“We’re still eyeing for 5 percent growth for this year… We just had a board meeting two weeks ago, and we’re still maintaining that number,” he told reporters Monday night.

FSEIPI, P8

Agusan del Sur town cited for P20-M tax remittance

“We truly appreciate that representatives from government agencies, processors, and traders from the region contributed to the strategic plan. And we are optimistic that this is only the beginning of our fruitful partnership,” DTI 11 Regional Director Maria Belenda Q. Ambi said.

Collaborating efforts between and among national agencies and private sector organizations is one of the strategic planning workshop’s objectives

The Bureau of Internal Revenue (BIR) Regional District Office No. 104 (RDO-104) in the Caraga Region conferred Tuesday a recognition to Trento town in Agusan del Sur province for its PHP20 million worth of withholding tax remittances for 2022.

In a ceremony, Trento Mayor William Calvez received the “Tulong-tulong sa Pagbangon, Kapit Kamay sa Pag-ahon, Buwis na Wasto, Alay Para sa Pilipino”

Award from RDO-104 Revenue District Officer Marco Antonio Calo at the town hall.

Last year, the municipality managed to remit PHP20.43 million worth of withholding taxes to the RDO-104.

“The withholding tax remittances of the local government unit (LGU) of Trento contributed to the collection goal of RDO-104 last year,” the LGU said in a statement Tuesday.

FAGUSAN, P8