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ENTREPRENEURSHIP IN COUNTRYSIDE GROWING, SAYS DTI

The Department of Trade and Industry (DTI) welcomed the growing interest of the public in entrepreneurship as more Filipinos turn to Negosyo Centers for assistance for micro, small and medium enterprises (MSMEs) and aspiring entrepreneurs.

DTI Regional Operations Group (DTI-ROG) Undersecretary Zenaida Maglaya noted that since the inception of Negosyo Centers in 2014, the Department’s assistance to MSMEs spiked a total of 595,573 clients.

Maglaya attributed the “entrepreneurship fever” in the countryside to the agency’s continuing drive to introduce entrepreneurship as a steady source of income, partnerships with other national government agencies, and non-government organizations (NGOs), local government units, and MSMEs.

“This is a very welcome news for us that interest in entrepreneurship among Filipinos is growing. We highly encourage Filipinos, especially our Overseas Filipino Workers (OFWs) to engage in business so we can help our fellow Filipinos and the country’s economy,” Maglaya explained, adding that at least 3,041 OFWs were assisted by Negosyo Centers.
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 (Source: DTI Website)

 Date Posted: August 10, 2017

 

ASEAN TASK FORCE RECOMMENDS BOOSTING INTRA-REGIONAL TRADE AND INVESTMENT AS GLOBAL ECONOMIC GROWTH PICKS UP

Amid the backdrop of steady economic recovery, high-ranking officials from the 10 Member States of ASEAN gathered in the Philippines for the second time this year to finalize recommendations that could further bolster the region’s trade and investment flows. 

 

HLTF-EI Leads from L-R: Deputy Director General Prasith Suon (Cambodia), Director General Iman Pambagyo (Indonesia), Director General Saysana Sayakone (Lao PDR), Secretary General Datuk Jayasiri Jayasena (Malaysia), HLTF-EI Chair and Permanent Secretary Dato Paduka Lim Jock Hoi (Brunei Darussalam), Undersecretary Ceferino Rodolfo (Philippines), Permanent Secretary Loh Khum Yean (Singapore), Deputy Director General Ronnarong Phoolpipat (Thailand), and Director General Luong Hoang Thai (Viet Nam). Also in attendance was AEC Deputy Secretary-General Lim Hong Hin. 

The High-Level Task Force on ASEAN Economic Integration (HTLF-EI) is composed of trade vice-ministers and serves as the visionary body for progressing the ASEAN Economic Community (AEC). It convened its 32nd Meeting on 1 – 2 August 2017 in Makati City in preparation for the upcoming 49th ASEAN Economic Ministers (AEM) Meeting in September 2017. The HLTF-EI is primarily responsible for ensuring that the 10 ASEAN economies are on-track and on-time with the plans and programs intended to realize regional economic integration and achieve the vision of an AEC. The Philippines was led by DTI Undersecretary Ceferino S. Rodolfo.

Among the issues discussed for Economic Ministers’ consideration include the rapidly changing global economic environment and current technological and scientific advancements brought about by the 4th Industrial Revolution (4IR). The HLTF-EI underscored the need for ASEAN to be well prepared and in a position to maximize the opportunities from 4IR to foster the region’s economic growth, and promote inclusive and equitable economic development.

The HLTF-EI exchanged views on the need to strengthen ASEAN’s centrality and leadership in driving the RCEP negotiations, as well as in working towards the timely completion of the priority economic deliverables set by the Philippines for its Chairmanship of ASEAN 2017.

“As established in the AEC 2025, the region needs to be together to mitigate the changes. Regional economic integration must therefore be strengthened, with the target to narrow down the development gaps and look into raising intra-ASEAN trade and investment,” HLTF-EI Chair Dato Paduka Lim Jock Hoi remarked.
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 (Source: DTI Website)

 Date Posted: August 10, 2017