Bright prospects for Bohol investments in 2018-BIPC

 

 

TAGBILARAN CITY, February 6 (PIA)–Investment authorities in Bohol see a shining 2018 as they foresee an investment capitalization soaring well above the predicted figures.

 

No less than the authorities at the Bohol Investment Promotion Center, an attached office of the Office of the Governor, bared this bright prospect at the weekly radio forum Kapihan sa PIA.

 

This too as the BIPC tracked the registered the investment capitalization of micro, small and medium enterprises (MSME) in Bohol topping the P1.5 billion in 2017.

 

While the rise in capitalization has not surpassed the 2011 reported investments capitalization which  zoomed from 800 thousand to P1.7 billion, BIPC Bohol head Maria Fe Dominese said investments have spiked again in 2016 on to nearing a full recovery surge in 2017.

 

Speaking at the Kapihan Thursday, February 1, Dominese however believed 2018 would be a huge spike with the completion of the Panglao Airport and the brood of businesses it carries.

 

The BIPC also pointed out that the Philippine Chamber of Commerce (PCC) granted citation in 2017, would be an edge in attracting more and more investments, according to Imma Mylie Alo during the hour-long radio forum aired live over DyTR.

 

The PCC has handed to Bohol, who was then among the 14 provincial finalists in the search for Most Business Friendly LGU in 2017.

 

After PCC deliberations, it conferred to Bohol the Most Business Friendly LGU for Class 1 provinces, an acknowledgement of the ease of doing businesses here.

 

Dominese added that the office has pegged the annual investment capitalization target P1 billion for 2017, which has been surpassed.

 

The BIPC pointed to the devastating 2013 earthquake which was a low point in MSME growth with everyone scampering for a way to rebound and get Bohol back on its feet.

 

The BIPC, which has set up its Business One Stop Shop (BOSS) and its outreach program with partner agencies called Asenso Negosyo Caravans to the towns, also noted that from 2,545 new business registrants in 2014 or after the earthquake, they  tracked 4,583 new business name registrants in 2017.

 

Along this, the BIPC, an office under the office of the governor, noted an increasing trend in the number of registered MSMEs as well as the employment these generated.

 

In the past five, years, while the office notes an increasing trend in the number of registered MSMEs, employment generation subsequently increased.

 

In 2017 for example, BIPC tracked some 5,372 registered MSMEs and nailed 11,962 new hires, the job generation now filling up the job slots that could also help circulate the capital infusing it into the economy as the paid worker starts to spend his pay.  (rahc/PIA-7/Bohol)

The BIPC led by Maria Fe Dominese sees a brighter future for Bohol investments as the Panglao Airport opens in 2018 and the PCC citation of Bohol as the most investment friendly province would attarch more and more investors. (rahc/PIA-7/Bohol)

Muntinlupa City opens 11th Negosyo Center in Metro Manila

 

 

The Department of Trade and Industry (DTI) recently opened the 11th Negosyo Center in National Capital Region (NCR) at the Plaza Central in Poblacion, Muntinlupa City to promote local entrepreneurship and provide one-stop shop assistance to micro, small and medium entrepreneurs (MSMEs) in the city. DTI-Regional Operations Group Undersecretary Zenaida Maglaya acknowledged the efforts of the Muntinlupa Local Government in providing assistance to MSMEs, which facilitate local job creation, production and trade in the city.

 

On the other hand, Muntinlupa City Mayor Jaime Frenesdi said that Muntinlupa is always a willing partner of DTI as he encouraged entrepreneurs to maximize the services offered in the Negosyo Center, which will equip them with the know-how and how-tos of entrepreneurship needed to upscale their businesses.

 

The launching of these Negosyo Centers are in line with the Republic Act No. 10644 or the Go Negosyo Act which aims to help micro, small and medium enterprises (MSMEs); promote ease of doing business; facilitate access to grants and other forms of financial assistance to MSMEs; provide access to Shared Service Facilities (SSF) and other equipment; and other support for MSMEs through national government agencies (NGAs); business registration assistance; ensure management guidance; assistance and improvement of the working conditions of MSMEs; and facilitate market access and linkaging services for entrepreneurs.

Opening the Negosyo Center in Muntinlupa City are (from L-R) Local Economic Investment and Promotions Office (LEIPO) Officer Garry Llamas, Muntinlupa City Representative Ruffy Biazon, Muntinlupa Philippine Chamber of Commerce & Industry Officer Elvie Sanchez-Quizon, Undersecretary Maglaya, Muntinlupa City Mayor Frenesdi, Muntinlupa Philippine Chamber of Commerce & Industry Officer Chito Borromeo, City Administrator Eng. Allan Canchuela, DTI-NCRO Area II Head Rowena San Jose, and Muntinlupa City Councilor Dhes Arevalo

 

DTI CALABARZON gathers leading automotive industry players

The Department of Trade and Industry CALABARZON recently gathered the leading automotive industry players for the 1st Regional “Kapihan” for Automotive Industry in pushing for the agency’s Comprehensive Automotive Resurgence Strategy (CARS) program  in Cabuyao City, Laguna.

 

Toledo said that the activities will start a collaboration between the government and private sector to integrate and push CALABARZON’s automotive industry towards an inclusive and prosperous Philippines.

 

“We, in DTI, really want to uplift the capacity and competitiveness of our MSMEs. We want them to be part of the value chain of the industry. Hence, we are asking for the participation and commitment of the industry players, specifically the private sector, and government agencies to make it happen. The 7M’s (mindset, mastery, mentoring, market, machine, money, and business model) of DTI Secretary Mon Lopez would be a good strategy to promote productivity and profitability,” said DTI CALABARZON Director Marilou Toledo.

 

The CARS Program aims to jumpstart the Philippine automotive industry and make the country an auto manufacturing hub in the ASEAN region. The Program also intends to raise the production level to a competitive scale by providing $1,000 per unit fiscal support for the production of three models with a 200,000-unit production requirement over six years and mandatory local production of body shell and large plastic parts. It is expected to amplify the Philippine workforce, strengthen industrial linkages and attract additional investments.

 

Participating companies were the Federation of Automotive Industries of the Philippines (FAIP), Chamber of Automotive Manufacturers of the Philippines (CAMPI), Philippine Parts Maker Association (PPMA), Motorcycle Parts Producers and Exporters Association (MCPPEA), Phil. Ecozones Association (PHILEA), Laguna Chamber of Commerce and Industry (LCCI), some government  agencies such as the Board of Investments (BOI),  UP National Center for Transportation Studies,  Philippine Council for Industry, Energy, Emerging Technology Research and Development (DOST-PCIEERD),  National Economic and Development  Authority CALABARZON, Deptartment of Public Works and Highways CALABARZON, Department of Science and Technology CALABARZON, and the Japan International Cooperation Agency – Nomura Research Institute (JICA-NRI).

 

While the Philippines moved up to become the second fastest growing automotive market in the Southeast Asia at the start of 2017, its market is smaller compared with other ASEAN countries. Furthermore, its manufacturing capabilities are mostly oriented towards the domestic market rather than regional chains.

The BCCI commending the AFP – 302nd Brigade in Bohol and the PNP Bohol for their exemplary performance in maintaining general peace and order in the Island Province of Bohol.

The Bohol Chamber of Commerce and Industry {BCCI} commending the Armed Forces of the Philippines – 302nd Brigade in Bohol headed by Brig.Gen. Arnulfo C. Matanguihan and the Philippine National Police – Bohol headed by PS/Supt. Felipe R. Natividad, for their exemplary performance in maintaining general peace and order in the Island Province of Bohol. The BCCI gave them each a plaque of appreciation and sponsored a lunch a la Boodle Fight, as a military way of celebrating friendship and togetherness. Also gracing the event with his participation is PNP Regional Director PC/Supt. Jose Mario M. Espino, as a special guest of the boodle fight activity.

Leading the BCCI during this event is their President, Engr. Albert M. Uy with the Board of Trustees, VP for External Affairs- Mr. Norris Oculam, VP for Internal Affairs – Ms.Marietta Gasatan, Secretary- Mr Steven Lim, Public Relations Committee Chair -Mr. Peter Dejaresco, Peace and Order Committee Chair -Mr. Jess Quipit and IT Committee Chair – Mr. Jerome Auza. Also in the photo are BCCI Exec.Director Ms. Rolaine B. Uy, BCCI Secretariat Nida Bacamante and Jaya Dy and BCCI Member Ms. Daisy Cemine.

Bohol Islands get 24/7 power

Two of Bohol’s tourism gems, Balicasag and Pamilacan Islands, now have power 24 hours a day, 7 days a week.

Gov. Edgar Chatto and Panglao Mayor Nila Montero led switch on ceremony for 24/7 power in Balicasag Island on Monday.

They were joined by NAPOCOR Department Manager Engr. Pete Llorente, BOHECO 1 General Manager Engr. Dino Roxas, Cong. Rene Relampagos represented here by Archie Lungay, 302nd IB Commander General Arnulfo Matanguihan, and Philippine Navy Col. Jorge Ibarra.

On Tuesday, Chatto and Pamilacan Brgy. Capt. Crispo Valeroso led switch-on ceremony for 24/7 power operations in Pamilacan Island.

They were joined by Baclayon Kagawad. Derwin Cuajao who represented Mayor Benny Uy, NAPOCOR department manager Engr. Pete Llorente, BOHECO 1 Engr. Mejorada Glenn Mejorada, Archie Lungay representing Cong. Rene Relampagos, and barangay officials of Pamilacan.

This kicks off 24/7 energization of Bohol Islands under the Small Power Utilities Group (SPUG) of NAPOCOR, a commitment of the Department of Energy under Sec. Al Cusi and NAPOCOR president Pio Benavidez.

Chatto lobbied for the round the clock power supply for the islands during the 34-country Asian Cooperation Dialogue on sustainable and reliable power in Bohol in August, where Cusi himself visited both islands. After which, Benavidez directed Llorente to implement 24-hour electrical service to the two islands.

When he was congressman of the first district, Chatto placed Cuaming and Hambongan in Inabanga; Mantata-o in Calape; Cabilao in Loon; Balicasag, Panglao; Pamilacan, Baclayon; and Bag-ong Banwa, Batasan, Bilanglangan, Mocaboc, Pangapasan, and Ubay in Tubigon under NAPOCOR-SPUG, the switch on for which was during his birthday, February 21, 2008 in Cabilao.

The incorporation of the twelve islands in the missionary electrification program of NPC-SPUG, entitled electricity consumers in the islands to financial support from the Universal Charge for Missionary Electrification (UC-ME) pursuant to R.A. 9136 or the Electric Power Industry Reform Act, commonly called the EPIRA Law, where the assistance to consumers shall come via NPC-SPUG’s sale of electricity at a subsidized rate.

This significantly brought electricity cost way below P25/kWh rate.

For residents of Balicasag and Pamilacan Islands, round the clock power is a fulfillment of a long-time dream, expressing their gratitude to Chatto and NAPOCOR team.

Chatto and NAPOCOR-SPUG officials are mapping out what islands to be fully energized next.

Llorente bared NAPOCOR-SPUG is eyeing the same for islands of Bilang-Bilangan Dako, Bilang-Bilangan Diot, Hingutanan East and Hingutanan West, Malingin, Maomawan, and Sagasa in Bien Unido as well as Cataban in Talibon for 2018.

The 24-hour power program in Bohol islands will be thru generators or solar power, or a mix of these technologies, seen to enhance economic productivity and growth and to improve living condition. (Leah/EDCOM)

DTI, TESDA PARTNER TO PROVIDE EMPLOYMENT, ENTREPRENEURSHIP SKILLS TRAINING.

DTI, TESDA PARTNER TO PROVIDE EMPLOYMENT, ENTREPRENEURSHIP SKILLS TRAINING. The Department of Trade and Industry (DTI) and the Technical Education and Skills Development Authority (TESDA) agreed to boost the ongoing government efforts to spur employment and entrepreneurship for Filipinos. On 7 August, DTI Secretary Ramon Lopez signed a Memorandum of Agreement with TESDA Director General Guiling Mamondiong to formally launch the Skills Training for Employment/Entrepreneurship Program (STEEP), which aims to provide Filipinos necessary skills development on employment/ entrepreneurship that could help them improve economic status. Sec. Lopez reiterated the commitment of President Rodrigo Duterte to empower the bottom of the pyramid by bringing opportunities closer and accessible to the public. According to him, acquired business skills by trainees from STEEP can be used in effectively running their businesses in the future. TESDA Director General Mamondiong, meanwhile, noted that the cooperation is a manifestation of the willingness to pursue the aim towards a more comfortable life for every Filipino. The trade chief also highlighted that the agreement complements the government’s “Bangon Marawi” program, as well as DTI’s Trabaho at Negosyo agenda.