08 February 2018 Manila – The Go Negosyo center of the Department of Trade and Industry and PLDT Enterprise partner to launch “A Growing Collaboration for the Filipino”, on February 12, 2018 at the Isabela Ballroom B & C, Makati Shangri-la Hotel. The event will promote the use of digital tools that will enable entrepreneurs to have a wider reach through a nationwide marketplace, providing wider market access for MSMEs across the country.
The event will also launch PLDT’s PayMaya, the first prepaid online payment app that enables the financially underserved to pay online without a credit card. Demonstrating how PayMaya works is a Go Lokal! pop up exhibit during the event where guests can buy Go Lokal! products via PayMaya.
Go Lokal! is a retail concept store which showcases high quality, innovative Philippine products designed, crafted and manufactured by the country’s MSMEs. The GoLokal!ConceptStore@DTI is located at the Groundfloor, Trade and Industry Bldg, 361 Sen. Gil Puyat Avenue, Makati City. For more information on Go Lokal! and its store outlets, please visit golokal.dti.gov.ph.
ILIGAN – The Department of Trade and Industry (DTI) awarded 1,500 livelihood packages as well as 0%-interest microfinance loans to the internally displaced people (IDP) of the Marawi siege during the DTI Negosyo Seminar Para sa Marawi on 30 January 2018.
“We want to assure the IDPs that President Duterte’s administration continues to provide more business and livelihood opportunities through the DTI Negosyo Seminars being given to help them recover soon,” said DTI Secretary Ramon Lopez.
There were 1,500 participants and beneficiaries who attended the Negosyo Seminar. One of them was Mr. Alikman Nata, who intends to share the benefits of the livelihood package to his group, the Lanao Muslim Youth Association.
As the head of Bangon Marawi’s Subcommittee in Business and Livelihood, DTI had earlier distributed 588 livelihood packages and conducted Negosyo trainings to 1,963 IDPs as of December 2017. There were also 240 beneficiaries who were linked to financial institutions.
The Department also allocated Php 50 million this year to fund the Shared Service Facilities (SSF), providing Maranao entrepreneurs with facilities and knowledge that match their business needs. This is apart from the budget provision to support other Bangon Marawi programs in providing mobile rice mills, tricycles, vehicles, and the construction of public markets.
DTI flew in different business experts to teach business preparedness, opportunities spotting, product development and marketing, financial literacy, and franchising.
Makati City, Philippines – The Department of Trade and Industry (DTI), through the Construction Industry Authority of the Philippines – Philippine Overseas Construction Board (CIAP-POCB), and the Board of Investments, with the Commercial Section of the Philippine Embassy in Seoul, Korea received a delegation of twelve (12) Korean companies on 29 to 30 January 2018.
The Business Forum held on 30 January 2018 at the Sofitel Philippine Plaza gathered over a hundred distinguished government representatives and movers in the construction, infrastructure, and energy industries, led by DTI Undersecretary for Competitiveness and Ease of Doing Business Rowel S. Barba, Philippine Ambassador to Korea Raul Hernandez, ASEAN-Korea Center Secretary General Ambassador Young-sun Kim, and Republic of Korea Ambassador to the Philippines Dong Han Man.
Presenting opportunities in the Philippines were Board of Investments Director Angelica Cayas on Investments and Build Build Build Committee Chairman Anna Mae Lamentillo and PPP Director Frances Yani Domingo on the Philippine Government’s infrastructure projects. International Contractors Association of Korea (ICAK) Deputy General Tae-wan Kim and counterpart Philippine Overseas Construction Board Member Mr. Michael Robert Reyes were also in attendance. CIAP, though the POCB, endeavors to cultivate strategic ties with South Korea with the end in view of developing the construction industry of both nations.
One-on-One Business Meetings between Korean and Filipino companies followed the forum to discuss areas of collaboration on infrastructure, energy, and construction, both in the Philippines and in Korea.
Over dinner of Pampango cuisine, the Philippine Contractors Accreditation Board (PCAB), one of five implementing boards of the Construction Industry Authority of the Philippines, discussed the licensing and accreditation process for foreign construction companies under the Quadruple A category which allow firms with 100% foreign equity to participate in infrastructure projects in the Philippines. PCAB also discussed how South Korean firms may acquire a special license for singular/specific projects through consortium or joint venture with Filipino companies.
With the recently approved Quadruple A category of PCAB, the agency expects a surge in foreign investments in construction and infrastructure. Construction investments for the first to third quarter of 2017, amounted to PHP627.4B or USD12.5B, a 6.8% increase compared to the same period in 2016. Of this, 25.9% is attributed to Government infrastructure spending equivalent to PHP162.7B or USD3.3B and 74.1% or PHP464.7B(USD9.3B) from private construction activities. Government construction activities increased by 10.0% while private construction activities increased by 5.8% compared to same period in 2016.
THE Department of Trade and Industry (DTI), as the lead agency in developing and promoting the Philippine halal industry, is set to implement initiatives toward the development of the country’s Halal exports highlighting its potential contribution in driving trade and investments in the country.
Speaking at the recent World Halal Assembly held in Manila last 18 and 19 January, DTI Trade and Investments Promotion Group Assistant Secretary Abdulgani M. Macatoman cited figures validating the need for the Philippines to get involved in halal export, import and production.
“Muslim population worldwide has been steadily growing at a 1.84 percent per annum. In 2016 Muslim population was at 2.14 billion, growing to 2.18 billion in 2017. At present, 32.43 percent of Asia’s current population of 1.4 billion is Muslim. In Africa, there are 635 million Muslims. World Muslim population translates to a $3.2- trillion halal industry worldwide. It is expected to increase to $10 trillion by 2030,” explained Assistant Secretary Macatoman.
He added, “the sheer size of underserved markets makes it easier to penetrate the industry. There are simply more people who need Halal products and services than there are existing businesses.”
At present, the Philippines only contributes five (5) percent of the global halal trade. With the new Philippine halal law in place, Assistant Secretary Macatoman explained that Filipino entrepreneurs are in the best position to take advantage of the rising halal industry worldwide. According to him, Filipino Muslims naturally understand what the global market wants and needs, being part of the market themselves.
“Filipino entrepreneurs like the ones based in Zamboanga are in a unique position to take advantage of this trend, particularly the efforts of the Zamboanga Ecozone and Freeport and Regional Economic Zone Authority of the Autonomous Region of Muslim Mindanao. Preparation of halal food and fashion pieces requires a great understanding and obedience to Muslim culture, and we Filipinos have a great grasp of this culture and unique practices,” said Assistant Secretary Macatoman.
Assistant Secretary Macatoman also emphasized the importance of having harmonious halal certification and accreditation policies and standards for the Philippines to improve its integrity and credibility both at the national and the international communities.
The DTI’s Philippine Accreditation Bureau (PAB)—as the sole agency mandated by the Philippine halal law to handle the accreditation of halal-certification bodies, inspection bodies and testing and calibration laboratories—is currently developing the national halal-certification scheme that will embody the official guidelines for the accreditation of all Philippine halal-certification bodies that wish to be accredited by the PAB.
Organized by the Department of Science and Technology (DOST)-Region 11, the World Halal Assembly was in line with the DOST’s mandate under Republic Act 10817, known as the Philippine Halal Export Development and Promotion Program Act of 2016, which took effect after its implementing rules and regulations were approved on July 26, 2017.
Islamic scholars, Muslim academicians and scientists, international certification bodies, government officials, entrepreneurs and Muslim and non-Muslim consumers were in attendance during the conference.
DTI Region 5 – The Department of Trade and Industry in Albay imposed a Price Freeze on basic commodities in the whole Province of Albay as lava continues to flow from the Mayon Volcano.
As of Tuesday, Albay Province has been declared under a state calamity by the Provincial Council of Albay through Resolution No. 670-2018.
The DTI-Albay Provincial Office is closely monitoring the price and supply of basic necessities in establishments throughout Albay. DTI will ensure there are sufficient and reasonably-priced basic necessities such as canned sardines, evaporated and condensed milk, coffee refill, laundry bar, detergent powder, candles, bread (Pinoy tasty and Pinoy pandesal), salt, bottled water, and instant noodles.
A Memorandum Circular was also issued to all wetmarkets, supermarkets, groceries, bakeries, and water refilling stations, reminding establishments to comply with the provision of the Price Act. It will also serve as a warning that any violation of the Price Act shall be dealt with accordingly.
The DTI enjoins the retailers to comply with the price freeze while consumers are advised to be guided by the price freeze list in their respective areas in making their purchases.
Penalties for violation against the price freeze include at least the imposition of fine of P5,000.00 up to P1 million and/or imprisonment of one (1) year up to ten (10) years.
The Department of Trade and Industry (DTI) looks to create more smarter entrepreneurs through mentoring and coaching programs with the Kapatid Mentor ME (KMME) Program.
Under the 7Ms initiative of the Department, the Kapatid Mentor ME aims to strengthen the strategy for Philippine Micro Small and Medium Enterprise (MSME) Development, which are mindset, mastery, mentoring, market, money, machines, models, propelling MSMEs to make headway in increasing the competitive market.
DTI Regional Operations Group Undersecretary Zenaida Maglaya said the agency will expand the KMME Program after a successful pilot run in 2017 with 2,663 MSMEs, finishing the 10-week mentoring program.
“When we launched KMME nationwide last year. We were able to generate 28,202 attendees. As of end of 2017, we have at least a total of 2,663 [MSME] graduates or mentees. These are the ones who have undergone 10-week session of intensive training and mentoring by MSMEs themselves,” Maglaya said, adding that the agency targets to hike the number of MSMEs assisted by 5,000 this year or 20% increase of the total attendees.
The Kapatid Mentor ME Program aims to assist MSMEs scale up and sustain their businesses through weekly coaching and mentoring by business owners and practitioners on different functional areas of entrepreneurship.
The 11-week program will have weekly modules such as Marketing, Financial Management, Human Resource Management, Operations Management among others.
For 2018, Maglaya said the agency will expand the initiative and will add coaching as part of the program.
“We will have a new program on coaching. This year, because we have more mentors, we will have the coaching program,” she explained.
“The coaching program will allow our local mentors to be in Negosyo Centers and spend two to three hours of coaching with MSMEs,” she added.