BusinessWeek Mindanao (May 6, 2013 Issue)

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BusinessWeek M I N D A N A O D avao

Volume III, No. 191

Search on for Philippines’ best agri stories, photos

Monday

Chinese-PH trading upsurge optimistic Signed project contracts expected to surpass 2012’s $1.02 billion

Power barges take too long, too expensive Page 2

PNP: All set for May 13 elections Page 4

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Entrepreneurs flock the the Business Bureau of the Office the City Mayor in Davao City to process the renewal of their business permits early this year. A surge in Philippine-Chinese business interactions is expected and may even surpass last year’s $1.02 billion worth of signed contracts. Mindanews Photo

By Danielle Venz

CHINESE businesses are keen to trade and invest more in the Philippines amid its growing economic growth.

Companies in South focus on domestic market Page 8

Options available to resolve ASEAN disputes

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Xu Ningning, executive secretary general of ChinaASEAN Business Council (CAB C), s aid t he y are willing to cooperate with the Philippines in sectors such as agriculture, fishery, inf rastr uc ture, mining, energy, information and communication technology, manufacturing, tourism, engineering service, forestry and some other areas. “There are huge cooperation potential and numerous business opportunities for trade and economic cooperation between China and the Philippines,” he said during the recent Philippine-China Business Forum organized by the Philippine Chamber of Commerce and Industry (PCCI).

Ningning said that as Chinese enterprises are eager to “go out,” the Philippines and other ASEAN countries have become their biggest markets. He said the Philippines is one of their preferred markets and investment locations, citing its growing economic growth that is expected to increase at six to seven percent this year. “At present, the Philippines is actively attracting foreign investments and promoting its industrial development. A n d C h i n a i s a c t ive ly implementing its 12th FiveYear Plan, with its average annual GDP (gross domestic product) growth rate at seven percent as planned,” he added. With this, Ningning TRADING/PAGE 11

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P15.00

May 6, 2013

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Davao exporters to help SMEs grow

Philippine Islands Weekly Review

SME s urge d to harness power of e-commerce By Romelda Ascutia

ELECTRONIC commerce (e-commerce) brings manifold benefits for small and medium-sized enterprises and promotes the economic growth of developing countries like the Philippines. E-commerce provides opportunities for SMEs to ove rc ome l o g ist i c a l and geographic hurdles to market access, s aid Patricia Francis, executive director at the International Trade Centre, a subsidiary organization of the World Trade Organization and the United Nations. By selling products online, the need for middlemen disappears, allowing businesses to reduce transaction costs and become more competitive. Online commerce also creates opportunities in services trade, and online micro-work and freelance marketplaces enable entrepreneurs in developing countries to bid for work they previously did not have SME/PAGE 11

Running against time

PH needs to enhance ASEAN competitiveness THE Philippines is doing the right things in preparing for the ASEAN economic integration, but its efforts should be redoubled to ensure it is ready for the impact of a single regional market two years from now. Local manufacturing and exporting officials underscored at a recent business forum the urgency for a globally competitive Philippines, saying bluntly that the country does not seem ready for the ASEAN Free Trade Area in 2015. Ramon Kabigting, executive director of the Philippine Automotive Competitiveness Council,

noted the rapid chain of events leading toward regional economic unification, even as he warned that the Philippines could be relegated to the periphery if it failed to keep up with developments. Junie del Mundo, chief executive officer of The

Stakeholder Relations Firm, sees two key areas for improvement. For companies, they have to increase internal efficiency, innovation, and creativity. For the administration, corporate governance ASEAN/PAGE 11

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