Business Trends

DTI readies roadmap for F&B industry

The department of Trade and Industry (DTI) – Board of Investments (BOI), together with the private sector, will soon finish the roadmap for processed food industry sub-sectors such as carrageenan, processed shrimps, dried mangoes, and cacao. (“PHILIPPINE BUSINESS REPORT VOLUME 26 No. 12 November 2015”)

 

Residential units seen doubling in 5 years

The country’s supply of residential units will double over a period of five years as a result of continuous mergers of international hotel brands and Filipino property developers, global hospitality consulting firm C9 Hotelworks’ latest study showed. (“PHILIPPINE BUSINESS REPORT VOLUME 26 No. 12 November 2015”)

“The Philippines is unique in terms of the 10M Filipinos working abroad. These are property buyers. This is unique compared to other countries in the Southeast Asia Region”, C9 Hotelworks reported. (“PHILIPPINE BUSINESS REPORT VOLUME 26 No. 12 November 2015”)

 

Obama promotes business opportunities in climate change

Asia-Pacific Economic Cooperation (APEC) leaders and business executives are urged to use renewable energy instead of current energy sources in a bid to mitigate climate change while boosting economic growth, United States (U.S.) President Barack H. Obama said.

The old rules that said that we cannot grow our economies and protect our environment at the same time – those are outdated. We can transition to clean energy and without squeezing businesses and consumers,” Obama said in his address to the delegates of the APEC 2015 CEO Summit held at the Makati Shangrila Hotel.

He said investments in renewable energy sources can spur the global economy that “Frankly needs a boost right now”.

There is not a contradiction between growth, development, and being good stewards of the planet – they are complementary. We have to break-out of the mindset that says that if we are doing something about the environment, that slows growth”, he said. (“PHILIPPINE BUSINESS REPORT VOLUME 26 No. 12 November 2015”)

 

Serviced apartments flourish

The local tourism industry is on the upswing together with the serviced apartment sector.

Serviced apartments are a new concept in the Philippines which became a viable alternative for the business tourism sector featuring fully-furnished apartments providing amenities usually available in hotels. These are cheaper alternative accommodation for both short and long-term stays.

The booming economy equals new businesses, which equals to more executive looking for efficient places to live in the central business districts in the Philippines”, Dusit Thani Residences Davao Development Director Andrew Sparrow said.

Executive travelers tend to stay for at least a week to few months, and prefer accommodations that provide the comforts of home, easy access to luxurious amenities, and are ideally located near their workplace, Sparrow said. (“PHILIPPINE BUSINESS REPORT VOLUME 26 No. 12 November 2015”)

 

EU urges PHL to maximize GSP+ scheme

The department of Trade and Industry (DTI) and the European Union (EU) are urging local firms to fully utilize the benefits of the EU’s Generalized System of Preferences Plus (EU-GSP+) scheme.

In terms of information campaign, the DTI, through the Export Marketing Bureau, has already conducted info sessions to 3,236 attendees as of October 2015.

While significant improvements have been seen in machinery and agri-food industries, there are still much more untapped development potential in trade following the GSP+ status grant, EU said.

Despite the promising benefits of the grant in trade, the Philippines pales in comparison with India, Bangladesh, and Pakistan which are seen to be the largest EU GSP+ user, EU noted.

The Philippines became the only beneficiary country of the scheme in Southeast Asia after securing the grant status in December last year. It allows beneficiary countries to export 6,274 products to any of the 28 members of the EU bloc to zero tariff for a period of 10 years. (“PHILIPPINE BUSINESS REPORT VOLUME 26 No. 12 November 2015”)

 

PHL products that may avail of the duty free access”

∞ Coconut and Marine products                             ∞ Footwear

∞ Process Fruit                                                       ∞ Furniture

∞ Prepare Food                                                      ∞ Umbrellas

∞ Animal and Vegetable fats and oils                      ∞ Chemicals

∞ Textiles

∞ Garments

∞ Headwear

Prior to securing the EU GSP+ status, the Philippines was a beneficiary of the regular GSP program which covered 6,209 products, with 2,442 products subject to zero duty and the rest subject to lower tariffs.

However, the EU GSP+ grant comes with a price, as beneficiaries are expected to comply with 27 international conventions as well as the EU reporting and monitoring procedure, EU stressed.

For further info on EU-GSP+, please visit: http://www.dti.gov.ph/emb/index.php/emb-focus-2/eu-gsp. (“PHILIPPINE BUSINESS REPORT VOLUME 26 No. 12 November 2015”)

 

Business urged to invest in disaster preparedness

The National Disaster Risk Reduction Management Council (NDRRMC) urged business to invest more on disaster preparedness to invest more on disaster to strengthen the countries resilience to calamities and ensure continuity of business operations.

Business are encouraged to contribute resources or expertise before and not just after a disaster strikes, NDRRMC Executive Director Alexander P. Pama said.

Their CSR (Corporate Social Responsibility) should not only about relief goods . . . . Investments on disaster resilience will not only help them recover fast. It will also engender goodwill between them and the people, their market”, Pama added. (“PHILIPPINE BUSINESS REPORT VOLUME 26 No. 12 November 2015”)

Bohol port gets new passenger terminal

Philippine Ports Authority (PPA) inaugurated Port of Tagilaran’s two-storey P57-M passenger terminal.

The facility, constructed by Dakay Construction and Development Corp., sits on a 1,900-sqm. Parcel of land, with a seating capacity of 500 passengers and is equipped with X-ray machines, Nursing Rooms, a Ballistic Exam Room, among other emenities.

The port of Tagbilaran is the main gateway to and from the province of BOHOL. (“PHILIPPINE BUSINESS REPORT VOLUME 26 No. 12 November 2015”)

 

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NEW BOHOL AIRPORT

March 6, 2016March 6, 2016
NO NEED FOR NEW PIER FOR EQUIPMENTS; AIRPORT TO START NEXT MONTH It is now final and official. There is no more need for a temporary seaport in bringing in heavy equipments needed in the construction of the New Bohol Airport in Panglao. This development surfaced after the main contractor, Chiyoda Mitsubishi Joint Venture ( CMJV), a Japanese consortium and sub-contractor EEI Corp. agreed to the “night shift” policy suggested by Gov, Edgar Chatto amid the controversy arising from the rumored plan to construct a temporary pier in barangay Tangan, Panglao town. The suggestion of the governor which seems adopted by the contractors was part of last Sunday’s editorial of The Chronicle. Meanwhile, the new Bohol Airport will officially commence its construction next month. Only recently, the controversial plan for a temporary pier generated strong public opposition citing the environmental destruction it brings in the area. Hauling and transport by heavy equipment of the materials for the 30-month construction of the new Bohol airport will be done nightly until early morning to avoid likely heavy traffic never seen here before. Last Wednesday, Gov. Chatto witnessed the Manila signing between the Department of Transportation and Communications (DOTC) and the consortium of the deal for the construction of the airport on Panglao island. DOTC Sec. Joseph Emilio Abaya led the signing together with Associate Director and Deputy Division Director Tadayoshi Kimura of Business Development Division of the Chiyoda Corp. and Deputy General Manager and Division Head Masahito Nonaka of the Global Environment & Infrastructure Business Division of the Mitsubishi Corp. Japan International Cooperation Agency (JICA) Chief Representative to the Philippines Noriaki Niwa and Project Formulation Advisor Shimizu Toshihiro of JICA Economic Growth Section also witnessed the sealing, which paves the start of the construction. “Construction will start in June. We appreciate if the airport can be done in one-and-a-half year,” Chatto quoted Abaya as saying during the signing, although the construction from start to finish takes 30 months per contract. In the coordination conference here, the local Philippine Ports Authority (PPA) assured of berthing spaces at the Tagbilaran City port for vessels that carry the equipment and construction materials. Not just the traffic on city roads identified for routes of the equipment and materials to Panglao prosite, port congestion itself is expected to heighten considering the unusual frequent volume loading, hauling and transport. The contractor agreed to haul and transport—at 75 trips daily—during night time, preferably from midnight to six in the morning (6am) when roads are usually not or less used. City traffic is back to busy with the opening of classes in June. The local Department of Public Works and Highways (DPWH) said the bridges along the identified hauling routes from the city to construction site can contain the weight of the loaded equipment with strict regulation observed. As the city port is still undergoing rehabilitation after the earthquake, the port in Alburquerque has been eyed for alternate docking of barges loaded with heavy equipment and construction materials. But according to the PPA, the town port has also been damaged by the earthquake and its repair could cost some P20 million. While the airport contractor is willing to help rehabilitate the port, the entire work is estimated to consume eight months. Rep. Rene Relampagos, who also attended the coordination meeting, agreed with the governor that securing the funding for repair and the process through which project procurement undergoes before the actual concrete works are a different story that also takes time. The First District solon could not attend the Manila signing last Wednesday because of a meeting of the congressional tourism committee which he chairs. The peak period of airport construction is expected to start from the third week of September this year until the middle of February in 2017. Every week within this period, an average of three vessels arrive at the port, loaded with an average volume of almost 6,000 metric tons of materials and requiring 425 truck loads en route to construction site. FREQUENT COORDINATION Chatto and Relampagos would want as shorter interval of regular coordination meetings as possible so that the expected concerns which may hinder fast implementation could get addressed. It is likewise a proactive system to ready measures or policy guidelines for other possible yet unforeseen problems as construction progresses, they said. The Local Project Management Team (LPMT) handled by Provincial Administrator Alfonso Damalerio has been focused on all concerns within its mandate and capacity surrounding the gigantic undertaking. The team presented updates on varied concerns during the coordination meeting, which was also attended by Panglao Mayor Leonila Montero. These concerns include the rerouting of existing Panglao barangay roads that traverse the airport site and have to be closed and cut once construction starts or possible opening of new access roads. Yesterday, Chatto and Relampagos led the signing of the deed of transfer of the resettlement for the project-affected families (PAFs) right at their finished relocation site, which negotiation, preparation, construction, supervision, monitoring and completion had the LMPT at the painstaking front. 11th BUSIEST Once done by the middle or final quarter of 2017, although some say early 2018 is the safest projection, the Panglao airport will replace the Tagbilaran City flight terminal as the 11th busiest airport in the country. Ten times bigger than the city airport, it is foreseen to accommodate 1.7 million air passengers annually, although Chatto and Relampagos is already moving this early to secure support for its expansion in the future. Officially, the project is billed the New Bohol Airport Construction and Sustainable Environment Protection Project (NBACSEPP), said to be the first ever package deal assisted by JICA in the country. The airport has been designed to be the Philippines ’ “first world-class eco-friendly, green airport.” (Ven rebo Arigo) The Bohol Chronicle May 31, 2015