Author Topic: Sound business and investment climate in the Philippines  (Read 420 times)

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Sound business and investment climate in the Philippines
« on: April 29, 2017, 07:44:57 AM »
DTI TO LOGISTICS COMPANIES: INCREASE LOCAL CONTENT, INCLUDE MORE MSMEs. Department of Trade and Industry (DTI) Secretary Ramon Lopez (4th from L) assured executives of Nippon Fruehauf and Centro Manufacturing of the government’s support by ensuring the sound business and investment climate in the country. In a plant opening of Centro Nippon Freuhauf in Bulacan recently (21  April) in Bulacan, Secretary Lopez urged Nippon Fruehauf President Koji Ueno (2nd from L) and Centro Manufacturing President Raphael Juan (6th from L) to increase their local content, as well to explore ways to integrate more micro, small and medium enterprises (MSMEs) in their operations. The Marilao plant will be an assembly facility of wing van body sets for revolutionized 32-footer cargo trucks (background) that are set to address the foreseeable increase in the logistics demand in the coming years. Running for the next seven years, with an estimated value of about PHP 3.7 billion, the plant is set to provide more than 5,200 jobs in both the upstream and downstream support industries in the Philippines and Japan. Sec. Lopez shared with the companies DTI’s Comprehensive National Industry Strategy (CNIS) that focuses on creating globally competitive, value-adding, innovative and inclusive industries, including the manufacturing resurgence in the country, as well as Dutertenomics, the term that refers to the new way to sum-up the Duterte administration’s key socio-economic agenda, which aims to widen the gains of economic development and address inequality.

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