Wednesday, October 24, 2012

PH, Russia work to expand trade




Tuesday, October 23, 2012
RUSSIA and the Philippines are exploring additional opportunities to expand economic relations.
Tourism promotion, cooperation in the establishment of industrial economic zone and training of Filipino workers in Russia were among the topics of discussions during the one-week visit of the Russian delegation of the Russian-Philippine Business Council (RPBC) in the country.
Russian Honorary Consul Armi Lopez-Garcia, in a press conference on Monday, said the Russian delegation met with Manila and Cebu business leaders to explore trade and tourism opportunities in both countries.
RBPC is the counterpart of Philippine-Russian Business Assembly (PRBA), which is chaired by Garcia.
In terms of tourism promotion, RBPC chairperson Evgenia Konkol urged the Department of Tourism (DOT) to come up with promotional and marketing activities about the Philippines in the Russian market, similar to what other countries do in to attract Russian travelers.
She said the lack of information about the Philippines and the absence of direct flights prevented Russian tourists from going to the country.
“Thailand has been doing intensive marketing initiatives in Russia since 15 years ago, the reason why it landed as the third popular destination among Russian tourists,” Konkol said.
But she said the Philippines has “all the necessary facilities” for successful tourism, given the country’s “fantastic” spa, beaches and nature.
In order to lure Russian travelers to come to the Philippines, Konkol said the country should invest in creating a positive image for the country.
“Your country has all the same features with Thailand, same beaches, hotels, trees, you have everything in common. But if you can create good conditions, such as positive image, people will come here and soon after airlines will start offering direct flights,” said RPBC deputy chairman Andrey Gavrilov.
The Russian delegation also noted that the Philippines’ biggest asset is its people, “who are friendlier than the people in Thailand” and genuinely hospitable.
Russians, according to Konkol, are long-staying tourists, spending up to 14 days in vacation twice a year. A Russian tourist on vacation for 10 days spends an average of P6,000 a day, they said.
Records from the DOT show that Russian arrivals to the Philippines grew by 40.35 percent or 16,401 from January to August this year, compared to the 11, 686 arrivals recorded in the same period last year.
Aside from highlighting the country’s potential in tourism, Russia is also seeking the country’s expertise in the establishment of industrial economic zones. The Philippines has 150 economic zone locations in different sites all over the country.
Gavrilov said he was impressed at how the country handles its economic zones and hopes to tap the Filipino expertise to help Russian economic zones become effective for the growth of the regional economy.
Russia currently has two economic zones. It is building its third economic zone in Ryazan.
Employment opportunities for Filipinos also abound in Russia. According to Konkol, accountants, civil engineers, domestic helpers, nannies, and construction workers are among those in demand in Russia.
To ensure better labor placement, Garcia announced that they will also be putting up training centers for Filipinos who plan to work in Russia to learn the Russian market, language and culture.
The training centers will be established in Manila and Cebu next year.

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Published in the Sun.Star Cebu newspaper on October 24, 2012.

Sunday, September 23, 2012

Philippines new ‘darling’ of global investors

Philippines new ‘darling’ of global investors


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Tel. No. 555-8464/09164422611/09173373687.

Saturday, September 22, 2012

Japanese manufacturers move to Philippines

Japanese manufacturers move to Philippines


When in Cebu City, please visit gregmelep.com for your real estate and retirement needs. Avail of the opportunity to own a condominium unit in Cebu City for only P12,000.00/month with your own parking lot. Hurry while the supply of units last. Just call the Tel. Nos. shown below.
Tel. No. 555-8464/09164422611/09173373687.

Wednesday, June 15, 2011

Filipino-owned US businesses thrive


By EDU LOPEZ


MANILA, Philippines — Filipino-owned businesses are thriving in the US market, a testament that local entrepreneurs can compete globally. The Survey of Business Owners: Asian-Owned Businesses 2007 revealed that there were over 163,226 Filipino-owned business firms in the US, making it the fifth strongest Asian player in the US market next to Chinese (423,631), Indians (308,472), Vietnamese (229,139) and Koreans (192,502).


Filipino-owned businesses represent 10.5 percent of the Asian-owned businesses, one of the strongest segments of the US economy. Between 2002 and 2007, Asian-owned businesses grew by 40 percent to 1.5 million enterprises. The number of Philippine-owned businesses grew by 30.4 percent compared to Koreans (22.1%), Vietnamese (55.8%), Chinese (48.1%) and Indians (38.2%).

Among Filipino-owned US firms, nearly half were in the health care and social assistance sector, the professional, scientific and technical services sector, and the repair, maintenance, personal and laundry services sector. By comparison, 44.7 percent of Asian-owned businesses operated in repair and maintenance; personal and laundry services; professional, scientific and technical services; and retail trade.
About 55 percent of these Filipino-owned firms had one to four employees and nearly two percent had 50 or more employees.
More than a fifth had receipts of $10,000-$24,990 while 1.8 percent had receipts of $1 million or more. The largest number of Filipino-owned firms can be found in California, numbering around 81,348 or nearly 50 percent of total number of Filipino-owned firms.
They generated an income of $9.1 billion, 45 percent of all Filipino-owned receipts. The vast majority of Asian-owned businesses are also in California (509,097), followed by New York (196,852) and Texas (114,336). The cities with the largest number of Asian-owned businesses in were New York (153,885) and Los Angeles (61,607)
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Wednesday, April 13, 2011

Cebuano businessmen urged to strengthen trade with Indonesia



April 14, 2011, 2:53am
CEBU CITY, Philippines (PNA) — Cebuano businessmen were encouraged to help strengthen trade relations between the Philippines and Indonesia.
“Indonesia and Philippines trade relation is growing stronger ever since the opening of the diplomatic relations 62 years ago. It is high time to look at various possibilities and increase trade and investment opportunities for both countries,” said Indonesian Ambassador to the Philippines Kristiarto Legowo.
He spoke during the recent seminar, “Strengthening Economic Cooperation between Indonesia and the Philippines,” hosted by the Department of Trade and Industry (DTI) at the Marco Polo Plaza Cebu.
Indonesia’s economy grew by 6.1 percent last year, driven by strong domestic consumption and investment.
Legowo said their visit to the Philippines is a follow-up of President Benigno S. Aquino lll’s visit to Indonesia lat March 8.
Aquino’s meeting with Indonesian government representatives focused on the improvement of trade and investments of both countries.
Legowo said they chose Cebu as the first area to visit as it is one of the key centers of development in the country. He described Cebu as a beautiful city that has a lot to offer Indonesians.
Legowo said the trade exchange of both countries already amounted to USD2.27 billion from January to November last year. In the same period in 2009, trade was recorded at USD1.81 billion.
But Legowo stressed that both countries should not be complacent, as the figures do not reflect the potential of what both countries could achieve with a strengthened economic cooperation.
Legowo said there is a trade imbalance since Philippine exports to Indonesia last year amounted only to USD383 million while its imports amounted to USD1 billion.
He said they are encouraging businessmen to see the potential of trade investments to both countries instead of trading goods and services with more remote regions.
Cebu Chamber of Commerce and Industry president Samuel Chioson said both countries have not seen each other’s trade potentials because of the similarities of the products. He said that in order to enhance trade investments, both countries should enhance bilateral trade agreements.