TIM eMagazine Volume 3 Issue 12 | Page 66

Business D Japan’s medical device manufacturer eyes expansion, to offer more technical training programs for Filipino engineers DTI chief briefs Japanese execs on PH econ reforms Department of Trade and Industry (DTI) Secretary Ramon Lopez epartment of Trade and Industry (DTI) Secretary Ramon Lopez kickstarted the agency’s business mission to Japan on 11 March 2019 with a dialogue with Terumo (Philippines) Corporation President Toshiyuki Akihata. The Secretary also discussed expansion plans and training opportunities for Filipino engineers. Terumo conveyed their plans of developing new products that would be manufactured in the Philippines (PH) and would cater to both domestic and export markets.  The company-- which has facilities at the Laguna Technopark, in Biñan and engages in manufacturing, selling, and exporting medical devices such as disposable syringe, needles, IV catheter and urinary drainage bag worldwide -- also plans to increase the IV catheter production capacity and transfer its operations from Japan to PH. Sec. Lopez assured the company executives that PH welcomes investors and foreign businesses that wish to expand their operations in the country and to provide jobs to Filipinos. “DTI and the Philippine government will be ready for any assistance and support Terumo needs in their expansion and ensure continuity of their business in the country,” said Sec. Lopez.   The discussion also covered government interventions and support in easing the process of sending Filipino workers to Japan for technical trainings. “We have a large pool of talent and skilled workers in the Philippines. Providing technical trainings for our Filipino engineers promotes competitiveness and will mutual benefit the company and its employees. In fact, we encourage educational institutions to align their modules and teachings to the need of the companies so our young people will be equipped once they join the workforce,” the trade chief added. Mr. Akihata expressed his appreciation for Filipino workers and described them as “open-minded”. The company executive revealed that out of 3,000 employees in their facility in Laguna, only 12 are Japanese and the rest are Filipino engineers and associates. Currently, 15 of their Filipino engineers are in Japan for training. Meanwhile, the trade chief also discussed key features and highlights of the Tax Reform for Attracting Better and Higher Quality Opportunities (TRABAHO) Bill with the Japanese executives. He emphasized that the tax reform offers more competitive, performance-based, and time-bound incentive packages and underscored that every new project will be treated as new investment. He also assured that the government shall ensure a smoother transition period. Terumo Philippines executives, including an official from their head office in Japan, expressed their appreciation to DTI and the Board of Investments (BOI) for providing comprehensive information on the tax reform as well as actively engaging with investors. Present during the meeting were DTI Undersecretary Rowel Barba, Philippine Trade and Investment Center (PTIC)-Tokyo Commercial Counsellor Ma. Bernardita Mathay, Terumo Corporation Production Department Adviser Akihiko Umeda, and Terumo Philippines Director Takanori Takeuchi.  www.dti.gov.ph 66 Japanese firms to expand operations in PH T he Department of Trade and Industry (DTI) together with the Philippine Trade and Investment Center (PTIC) in Tokyo organized a business forum on 12 March 2019 with high level representatives of select Japanese companies to discuss expansion intentions as well as ongoing economic reforms in the Philippines (PH). DTI Secretary Ramon Lopez led the discussion and highlighted PH’s top trade products, investment performance, and industry growth drivers. “The Philippines has good sources of growth. It’s now investment-led and focuses more on capital formation and government expenditure. This is really the best time to join our country’s growth story,” Sec. Lopez told the business executives who attended the forum. The trade chief took the opportunity to share key features of several economic reforms of the Duterte administration. His discussion covered the Tax Reform for Attracting Better and Higher Quality Opportunities (TRABAHO) Bill, amending the Retail Trade Liberalization law, the Foreign Investment Negative List, the amendments in the Corporation Code, and the ongoing negotiation to improve the PH-Japan Free Trade Agreement. He further said that DTI-- together with the Board of Investments (BOI)-- is committed to meeting with investors, providing them with accurate information on the ongoing reforms of the government, and encouraging them to locate and expand their businesses in the country. This would provide more jobs and opportunities for Filipinos, he added. Sumitomo Corporation’s Ryota Yoshimura conveyed the expansion plans of First Philippine Industrial Park as it sees an increase in demand from the industrial park tenants. Itochu Corporation General Manager Jumpei Kakinuma inquired on the ongoing negotiations in the tariff rates of banana and other PH agricultural products entering the Japanese market. Sec. Lopez provided updates on DTI-initiated talks on tariff on bananas, which will be taken up during the discussion on the Philippines-Japan Economic Partnership Agreement (PJEPA). The company operates Dole Food Company which exports PH bananas to Japan. He also expressed their company’s interest in PH’s infrastructure industry. NIDEC Corporation First Vice President Go Watanabe conveyed their company’s interest to establish an Automation Team in PH that will be in charge in the mass production of devices for robots. Meanwhile, DTI Undersecretary Rowel Barba provided updates on the ongoing reforms to address issues of companies in ports and shipping cost. He assured them that the government is working on sustainable solutions to facilitate ease in doing business in the country. Isetan Mitsukoshi Senior Managing Executive Officer Takuya Matsuo expressed optimism in the growing domestic market in PH and said they are eyeing expansion in the country. Mr. Matsuo said that they plan to open a Japanese retail concept mall in PH. Sec. Lopez said this plan will be beneficial for Filipino and Japanese small and medium enterprises. Nomura Managing Executive Officer Masaomi Katayama expressed their interest in expanding the company’s real estate development operations in PH. Nomura is partnering with Isetan Mitsukoshi that will build Mitsukoshi malls in the country. According to Mr. Katayama, they are currently looking for possible sites in Cebu or Davao that will offer 1,400 housing units as well as 30,000 retail spaces. Tescom Denki Chief Executive Officer Toshiya Kasuno acknowledged the labor force quality as well as the growing market for beauty care products in PH. The company executive conveyed their plan to establish a manufacturing facility for beauty care products and appliances. www.dti.gov.ph