TIM eMagazine Vol.3 Issue 7
DTI CHIEF TO LONDON OFWS: USE
REMITTANCES TO START BUSINESSES -
Department of Trade and Industry (DTI)
Secretary Ramon M. Lopez encouraged
overseas Filipino workers (OFWs) and
their relatives to use remittances to start
their own businesses back home to take
advantage of the fast growing economy
under the Duterte administration. This
was conducted at the sidelines of the
Philippine government’s trade and
investment roadshow in London on Sept
21 – 26. Secretary Lopez, Philippine
Franchise Association (PFA) president
Richard Sanz, and PFA Director Chris Lim
pitched franchising as a viable business
model during the Kapihan sa Pasuguan in
London last September 22. The event was
organized by DTI and the Department of
Foreign Affairs Philippine Embassy
headed by Ambassador to the United
Kingdom Antonio Lagdameo.
www.dti.gov.ph
ECONOMIC MANAGERS RAISE INTEREST OF UK COMPANIES ON THE
PHILIPPINE GROWTH STORY - Secretaries Ramon Lopez (DTI) Ernesto
Pernia (NEDA) Benjamin Diokno (DBM) and Deputy Governor Diwa
Guinigundo (Bangko Sentral) pitched the Philippines (PH) growth story
during a roundtable forum with British corporation presidents and CEOs
last September 25 at the sidelines of the Philippine Economic Briefing in
London.
The Philippine officials led engaging discussions on the bright prospects
in the country under President Rodrigo Duterte’s administration,
considering recent macroeconomic performance, latest growth figures
on investments and industry, manufacturing resurgence, and the
stability and discipline applied in the fiscal and monetary policies
and programs.
Organized by the DTI and Asiahouse of UK, the roundtable discussions
allowed the participating UK companies to learn in greater detail the factors
behind the growth as well as economic reforms in the tax regime, investment
incentive modernization, the aggressive infrastructure development
program, investment opportunities in manufacturing particularly in
electronics, automotive, aerospace, shipbuilding, agribusiness and in the
sectors of tourism and IT-BPM services as well as greater market access to
other countries with special trading arrangements such as in ASEAN, Japan,
EFTA, US and EU. Discussions covered also covered the latest regional
growth programs, monetary and production-oriented tools in solving
inflation, and the impact of the US-China trade war.
Present at the meeting were executives from Asia House, Arup, Babcock,
De La Rue, HSBC, KPMG, Kroll, Leonardo Helicopters, Mitsui & Co. Europe,
Pernod Ricard, Prudential, Shell, and United Overseas Bank (UOB).
www.dti.gov.ph
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