bringing Philippine food products to the mainstream Taiwanese market
The FoodPhilippines In-Store Promotion launch and ribbon-cutting event was held today to kick off a month long feature of some of the Philippines’ best food and beverage products at City Super’s flagship store in DunHua today. This is part of PTIC Taipei’s efforts to bring Philippine food products to the mainstream Taiwanese market.
Manila Economic and Cultural Office Chairman and Resident Representative Angelito T. Banayo, PTIC Taipei Trade Representative and MECO Directorof Commercial Affairs Michael Alfred Ignacio and City` Super President Mr. Tony Liu along with top City Super Executives officiated the ribbon-cutting and launch ceremony.
Philippine products with best potential for successful entry into the Taiwanese mainstream were strategically selected to pave the way for other products to follow suit. Among these products and brands were Century Tuna, Destileria Limtuaco, Mama Sita, San Miguel Beer, Selecta Ice Cream, Monde Nissin, Oishi, Universal Robina and Michelle’s Banana Chips.
FoodPhilippines at City’ Super is part of MECO’s consistent efforts to promote Philippine products in Taiwan throughout the month of June in celebration of the Philippine National Independence Day, culminating in an impressive Philippine Pavilion and representation at the Taipei International Food Show 2018 later this month.
MANILA, Philippines — President Duterte is set to sign within the week a landmark legislation that will ease doing business in the country, a ranking trade and industry official said.
Trade Undersecretary Rowel Barba said the Ease of Doing Business and Efficient Government Service Delivery Act of 2018 would “hopefully” be signed by the President.
“This will have a big impact for the delivery of services as far as businessmen are concerned. One, it provides for periods where permit or license should be issued. Three days for simple transaction, seven days for complex transactions, and 20 days for highly technical, subject to another special 20 working days,” Barba said.
“Second it provides for a two-strike policy where erring government officials who failed to issue such permits within the said periods. First offense is suspension for six months, second offense is termination with criminal liability and penalty of P500,000 to P2 million so that will be a landmark legislation and it will be signed by the President this week,” Barba said .
MANILA, Philippines — If you’ve seen the copious construction and infrastructure projects that seem to be spurting out in numerous locations in the city, you are no stranger to the Build, Build, Build program of the current administration. You may have heard or read about it, googled, even ranted about it. But what is it exactly and what does it mean for the country and its economic activity?
The Build, Build, Build program is the centerpiece of the administration’s claim to reduce poverty incidence from today’s 21.6 percent to 14 percent by 2022. It is designed to modernize the country’s infrastructure backbone by rolling out 75 flagship projects with a combined worth of $36 billion in investments. The project seeks to uplift the lives of more than six million Filipinos to set the economy securely on the road to upper middle income status by 2022 and to a high-income one by 2040.
MANILA, Philippines — The US and the Philippines are in agreement that a bilateral free trade deal is a step in the right direction moving forward for both countries, the Department of Trade and Industry said.
Deputy United States Trade Representative (USTR) Jeffrey Gerrish and his delegation recently visited the country to further trade and investment ties with the Philippines.
The USTR meeting with the country’s trade officials also included continuation of the exploratory discussions for a possible free trade agreement (FTA) between the US and Philippines.
LIPA, Batangas -- Taiwan's New Kinpo Group said Wednesday it planned to nearly double its workforce in the Philippines, as it sees revenues from its electronic parts factories reaching $1 billion by 2020.
The company which operates one of the world's largest calculator factories hopes to hire 8,000 workers, including close to 1,000 engineers, bringing its workforce to 18,000 said NKG CEO Simon Shen.
The factory in this town north of the capital can produce 35 million to 55 million calculators per year, Shen said, adding that depending on demand, the company might also produce smartphone parts locally.
ABOUT PTIC TAIPEI
The Philippine Trade & Investment Center in Taipei is the Commercial Affairs Section of the Manila Economic and Cultural Office and the representative office of the Philippine Department of Trade & Industry in Taiwan