Department of Trade and Industry – iNews.com.ph
Australian firms to invest $40.4M in PH

Three Australian companies have unveiled plans to invest $40.4 million in the Philippines, the Department of Trade and Industry (DTI) said.

In a statement on March 21, DTI said the Australian firms have expressed their interest during the visit of Trade Secretary Ramon Lopez for ASEAN-related event.

Through letters of intent (LOIs), the three foreign firms presented their plans.

R. Lapid seeks to allot $10 million for a biomass facility, DTI said, also noting that the construction of the plant is now underway.

JBC Ventures, meanwhile, proposed a $30-million hotel condominium project in Mactan Island in Cebu.

The third project–with an initial investment of $400, 000–was an assembly plant of FLEETLOGIC Group of Companies and Shareholders. This facility is expected to be running by January 2019.

Lopez urged Australian firms to continue investing in the Philippines given its strong economy and the current administration’s push for improvements in the business system.

DTI, British Council support Filipino creatives’ business growth

The government is backing Filipino creatives through a partnership signed with The British Council that aims to boost income streams for these entrepreneurs.

In a statement, the Department of Trade and Industry (DTI), through the Philippine Trade Training Center (PTTC), disclosed the plan to hold a three-day workshop in collaboration with The British Council.

The practical workshop, dubbed as “Creative Enterprise Programme,” will help Filipino creatives delve further into the business side as the event seeks to discuss the proper management of a business.

“[P]articipants will learn the key aspects of setting up and running a creative business that will turn these ideas into a reality—from developing business proposition to exploring their potential customer base, and thinking about finances,” it said.

Expected to lead the seminar is Catherine Docherty, an accredited trainer and creative entrepreneur, who has spent more than two decades in the field of design and innovation in the United Kingdom. Docherty is also the founder and managing director of Journey Associates, an agency that targets to bolster organizations’ economic and social impact through a participatory, design-led approach.

The workshop will be held on April 17 to 19 at the PTTC in Pasay City. The agency said participants will be given with a certificate of completion from The British Council, PTTC, and UK foundation Nesta.

The Creative Enterprise Programme was first introduced in the local market in 2015, targeting creative industries such as advertising, architecture, arts and culture, craft, design, fashion, games, music, publishing, tech, TV, and film.

Gov’t to strengthen export promotion program this 2018

The Department of Trade and Industry (DTI) targets to intensify its export promotion to other key industries this year.

Through its Regional Interactive Platform for the Philippines Exporters (RIPPLES) Plus Program, the DTI is supporting the micro, small, and medium-sized enterprises (MSMEs) to expand their businesses to export markets.

The program provides participating enterprises and large firms positive interventions through personnel training and capacity building, investment, marketing and promotion, support for innovation, product development and design, and market access facilitation through mutual recognition agreements and certifications.

This year, the agency is committed to heighten the reach of RIPPLES to the food, agri-marine, and services industries, as well as the industrial sectors. The program will be assisting Philippine exporters “by updating them on latest trends and market requirements.”

“The conduct of the product development included the translation of the text of the chichacorn labels in Arabic language. This will open new export markets of my chichacorn products specifically in the Middle East,” said Clemencia Padre, a local snack food entrepreneur and program participant from Region 1.

DTI said last year that it was able to help 408 exporters and implement 33 marketing and promotional activities, which aimed at enhancing Filipino exporters’ capabilities to be competitive in the global export market and contribute to the Philippines’ economic development.

It is a joint program of the Export Marketing Bureau (EMB), DTI-Regional Operations Group, Philippine Trade Training Center, Center for International Trade Expositions and Missions, Design Center of the Philippines, Bureau of Domestic Trade Promotion, and Philippine International Trading Corporation.

In 2017, the Philippines’ exported merchandise was 9.5 percent higher than 2016, while total exported goods registered $62.87 billion. With growth seen on non-electronic products, the DTI attributed this increase to the government’s efforts to ready Filipino exporters for the global market.