Mar 02

BCCP-Overseas Business Network Initiative (OBNi) Business Opportunities – February 2017

We display here extracts from the recent newsletter from the British Chamber of Commerce of the Philippines.

BCCP-Overseas Business Network Initiative (OBNi) Business Opportunities | February 2017

 

 

 

 

GOVERNMENT

The Philippine government is set to implement approved development projects and is looking for private sector partners and suppliers. Listed below are the government’s call for bidders. For more information and opportunities, you may visit the Philippine Government Electronic Procurement System website here. 1. Infrastructure

2. Agriculture 

3. Aviation

4. Energy

5. Microfinancing

BUSINESS Opportunities and projects are not just provided by the government as the commercial sector in the Philippines is gaining strength and is set to implement future business projects. Click the link below for more details.

 

Relevant Articles:

 

 

 

WEBINAR on Business Opportunities in Mindanao

1 March 2017 | 9:30AM BST   This webinar aims to provide an overview of the business landscape in the region, including the different commercial/business opportunities available for investors. We will invite industry experts to share their insights on the opportunities, trends, challenges, and other relevant market information pertinent to doing business in Mindanao. Click HERE to view the flyer.

 

TRADE AND INVESTMENT MISSION TO DAVAO CITY

30/31 March 2017 | Davao City   The British Chamber, in partnership with the British Embassy Manila and the Philippine Chamber of Commerce and Industry ​(PCCI), will lead a Trade and Investment Mission to Davao City on 30/31 March 2017. This Mission will explore the business potential and commercial opportunities in Davao City and the rest of ​Mindanao. Please save the date! To register/ enquire, please contact Rona Diaz at rdiaz@britcham.org.ph or call +63 2 556 5232 ext. 301.

 

Planning to do business in the Philippines? BCCP can help you strategise your market entry routes – avail of our Business Support Services! For enquiries, email Rona (Project Manager) at uksme@britcham.org.ph or call +63 2 556 52 32 ext. 301. Click HERE to read the testimonials of our UK SME clients. Contact us NOW!

 

 economic indicators 2017

 

MARKET NEWS

  1. Market research focus: globalEDGE
  2. Useful resources for assessing the potential impact of Brexit
  3. Analysis for innovators
  4. Sustainable urbanisation global initiative (SUGI)
  5. Technology solutions for society in India
  6. Urban innovation in Brazil
  7. Innovation in infrastructure systems round 2

 

 

 
Visit the OBNi Philippines website HERE to access industry briefs and read testimonials from our UK clients.

 

 

 

 

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Mar 01

New Ambassador to the UK Welcomed – Again

The PBBC extends a very warm welcome to the new Ambassador to the UK from the Philippines – His Excellency Antonio M. Lagdameo. When I say the “new” Ambassador, I really mean welcome back to an “old” Ambassador and friend.Antonio M Lagdameo

Ambassador Lagdameo was, in fact, in this same position from 2009 to 2010 and knows London well.

In his recent letter to the Filipino community in the UK, he says:

“I find that many things have changed in London since 2010, but much more have remained the same.””

We will do what it takes to maintain our close relationships and collaborative partnership with the Filipino community in the United Kingdom and Ireland which had been fostered carefully by my predecessors during their time.”

“I invite you to continue supporting the Embassy’s efforts to enhance bilateral relations between these two countries and our beloved Philippines.”

 

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Dec 21

Lonely Planet Philippines Travel

Lonely Planet Philippines Travel Guide is the #1 best-selling guide to the Philippines. If you are planning Philippines travel for the first time or if you are a regular traveller then you must go armed with a copy of the Lonely Planet Guide.order lonely planet philippines
The Philippines consists of a string of coral-fringed islands, white-sand beaches and pristine strands of virgin rainforest. From diving to connecting with the locals, Lonely Planet Philippines will help you unlock the amazing adventures to be enjoyed in this archipelago of natural wonders in Southeast Asia. There are megacities teeming with people and unpopulated islands teeming with wildlife. Whatever you are after, it is there in abundance. The Guide is outstanding value for money and easily ordered from Amazon for home delivery. 

Planning Your Trip

The Lonely Planet Philippines Guide is the only guide you need with you. There is a section on “planning your trip” which contains lots of useful and practical information. Contents include: Welcome to the Philippines, The Philippines map, The Philippines Top 15, Need to Know, First Time, if you like, Month by Month, Itineraries, Diving in the Philippines, Outdoor Activities and Regions at a glance.

On The Road

The bulk of the Guide covers the geography and areas of the Philippines. This section is called “On the road” and feature the following areas.

ManilaPhilippines travel

Around Manila: Corregidor, South of Manila, Las Pinas, Kawit, Calamba,Tagaytay, Taal Volcano, Lake Taal, Batangas, Anilao, Pagsanjan, Lucban, Lucena, North of Manila, Olongapo & Subic Bay, San Fernando (Pampanga), Clark & Angeles, Mount Pinatubo & around.

North Luzon: Zambales Coast, Pundaquit, Capones Island & Liwliwa, Iba & Botolan, North of Iba, Lingayen Gulf, Bolinao & Patar Beach, Hundred Islands National Park, San Fernando (La Union) & Around, San Juan (La Union), Ilocos, Vigan, Pagudpud & Around, The Cordillera,Baguio, Kabayan, Mount Pulag National Park, Sagada & Around, Bontoc, Around Bontoc, Banaue & around, Kiangan, The North east, Baler & around, San Jose, Northern Sierra Madre Natural Park, Tuguegarao, Santa Ana, Batanes, Batan Island, Sabtand Island, Itbayat Island.

lonely planet Philippines 3

South East Luzon: Bicol, Daet & Bagasbas, Naga, Mount Isarog National Park, Caramoan Peninsula, Legazpi & around, Tabaco, Sorsogon, Bulusan Volcano National Park & around, Donsol, Pilar, Masbate, Masbate Town, Masbate Island, Ticao island, Catanduanes, Virac, Northeast of Virac, Marinduque, Boac, Gasan & West Coast, Buenavista & around, Torrijos & East Coast.

Mindoro: Puerto Galera, Calapan, Roxas, Bulalacao, San Jose, Calintaan, Sablayan, Abra de Ilog.

Boracay & Western Visayas: Boracay, Panay, Caticlan, Kalibo, Roxas (Capiz), Antique Province, Iloilo, Guimaras, Negros, Bacolod, Mount Kanlaon National Park, Silay, Sagay, Escalante, San Carlos & Sipaway island, Bulata & Danjugan Island, Sugar beach, Sipalay, Punta ballo, Tambobo Bay, Malatapay & Zamboanguita, Apo Island, Dauin, Dumaguete, Valencia, Twin Lakes National Park, Bais City, Siquijor, Siquijor Town, Larena, San Juan, Lazi, Cantodan, Romblon Province, Tablas Island,Romblon Island, Sibuyan Island.order lonely planet philippines

Cebu & Eastern Visayas: Cebu, Cebu City, Malapascua Island, Bantayan Island, Toledo, Moalboal, Santander, Argao, Camotes Island, Pacijan island,Poro Island, Ponson Island, Bohol, Tagbilaran, Panglao Island, Balicasag Island, Pamilacan Island, Cabilao Island, Antequera, Tarsier Sanctuary, Chocolate Hills Loop, Anda, Ubay, Talibon, Buenavista, Tubigon, Danao, Leyte, Tacloban, Maasin, Padre Burgos, Panaon Island,Biliran Island, Naval, North of Naval, Maripipi Island, East & South of Naval, Higatangan Is;and, Samar, Catamaran, Biri Island, Allen, Dalupiri island, Calbayog, Catbalogan, Guiuan, Calicoan Island, Homonhon & Suluan, Marabut Islands.

Mindanao: Northern Mindanao, Cagayan de Oro, Iligan, Camiguin, Butuan, Surigao, Siargao, Southern Mindanao, Davao, Samal Island, Talikud Island, Philippine Eagle Research & nature Center, Mount Apo, general Santos (Dadiangas), lake Sebu, Zamboanga peninsula, Zamboanga.

Palawan: Central Palawan, Puerto Princesa, Sabang, Norther Palawan, Port Barton, Taytay, El Nido, Bacuit Archipelago, Calamian Group, Coron Town & Basuanga island, Culion Island, Other Calamian Islands.

Understand

There is a fabulous section to help you understand the history and culture of the Philippines. the contents include: The Philippines Today, History, People & Culture, Food & Drink, Environment.

Survival Guide

The Lonely Planet Philippines survival guide is full of practical hints and tips to keep your trip on the rails. Contents include: Directory A-Z, Transport, Health, Language, Glossary, Index & map legend.

If you are going to the Philippines to do some diving, then you also need the Lonely Planet Guide to Diving in the Philippines which provides a fully comprehensive description of the diving sites and supporting information to make your diving trip a resounding success. Order Diving guide below:order here lonely planet phillipines

The lonely Planet Philippines guide has a number of itineraries to help you make a safe and straightforward trip around the Philippines. there are a number of suggested routes with supporting information to make the most of the places you visit.

The authors of the Lonely Planet Philippines Travel Guide are: Michael Grosberg, greg Bloom, Trent Holden, Anna Kaminski & Paul Stiles.order lonely planet philippines

I had the great pleasure some years ago meeting Tony Wheeler when he gave a talk to a small audience in London a couple of year’s ago. His story is inspirational to budding travellers and authors alike. Tony and his wife Maureen set off from the UK, across Europe and Asia overland to Australia. they went with an old beaten up car and a few dollars, doing jobs on the way. They wrote their first Lonely Planet Guide when they got to Australia and a publishing empire was born.

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Dec 05

Philippine Economic Indicators December 2016

ECONOMIC PERFORMANCE AND INDICATORS

Gross Domestic ProductRed arrow graph

• The Philippine economy expanded by 7.1 percent in the third quarter of the year, the fastest in Asia, higher than the revised second quarter growth of 7 percent.

• The country’s latest GDP growth rate is the highest since the second quarter of 2013 (7.6 percent).

• The Philippine Statistics Authority (PSA) reported that manufacturing, construction, trade and real estate drove the economic growth, but the biggest story for the third quarter was the recovery of agriculture. The agriculture sector grew 2.3 percent in the July-September period, overturning the 0.1 percent decline it saw the prior year, and that rice and corn harvests have improved significantly.

• Industry, too, expanded by 8.6 percent on the back of robust public and private construction. And lastly, services – the largest contributor to the Philippine economy – rose by 6.7 percent in the third quarter, and all the services subsectors, including transport, finance, education and recreation, showed positive growth.

• NEDA said that this figure cements our chance of achieving our target of 6.0 to 7.0 percent for the whole of 2016. This growth is above the median market expectation of 6.8 percent.

• PH is now the fastest-growing among major Asian emerging economies that have already released data for the quarter. We are higher than China’s 6.7 percent, Vietnam’s 6.4 percent, Indonesia’s 5.0 percent, and Malaysia’s 4.3 percent. India’s has not yet released their data. For the fourth quarter, the country only needs to attain at least 3.4 percent growth to attain the low-end target of 6.0 percent. To reach the high-end target of 7.0 percent, we need to grow by 6.9 percent in the fourth quarter.

• Credit analysts from S&P Global Ratings and Moody’s Investors Service have recently said the Philippine economy is poised to remain upbeat despite political risks stemming largely heightened global uncertainty.

Trade / Exports / Imports

• The Philippines’ export sales amounted to $5.211 billion in September 2016, a 5.1 percent increase from $4.960 billion recorded value in September 2015. The increase was attributed to eight major commodities out of the top ten export commodities for the month. These include other mineral products (97.5%); electronic equipment and parts (66.3%); metal components (18.2%); chemicals (10.8%); articles of apparel and clothing accessories (8.3%); ignition wiring set and other wiring sets used in vehicles, aircrafts and ships (5.1%); electronic products (3.6%) and other manufactures (3.2%)

• The total imported goods by the country for the month of September 2016 amounted to $7.101 billion, an increase of 13.5 percent from $6.255 billion recorded during the same period a year ago. The increase was due to the positive growth rates of nine out of the top ten major imported commodities for the month led by cereals and cereal preparations (61.8%). The other eight were: iron and steel (56.1%), plastics in primary and non-primary forms (51.8%), miscellaneous manufactured articles (50.6%), other food and live animals (44.8%), transport equipment (41.0%), telecommunication equipment and electrical machinery (17.5%), mineral fuels, lubricants and related materials (2.4%), and industrial machinery and equipment (1.7%)

Inflation

• Consumer prices in Philippines rose 2.3 percent year-on-year in October 2016, the same pace as in September. Prices of food and non-alcoholic beverages increased at a faster pace while inflation of housing and utilities were steady.
• Price hikes were recorded in food items particularly fish, vegetables and fruits. Upward price adjustments in gasoline and diesel and higher air and ship fares were also observed during the month. Moreover, clothing and some items for personal care and effects generally increased in NCR and in selected provinces. All these factors contributed to the 0.2 percent overall month-on-month inflation in October 2016.

Employment

• The employment rate reported or the proportion of employed persons to total labour force was 94.6% as of July 2016. In the same month of the previous year employment rate was 93.5 %.

• The unemployment rate as of July 2016 was estimated at 5.4 %. Last July 2015, the unemployment rate was 6.5 %.

Budget

• The Philippine government posted a budget deficit of P75.3 billion ($1.55 billion) in September 2016, the biggest monthly gap recorded so far this year.

• Expenditures grew 30 percent in September from a year earlier, while revenue rose just 1 percent.

• That brought the budget gap in the nine months to September to P213.7 billion. The government has a budget deficit ceiling of P388.9 billion in 2016.

Foreign Direct Investment / Portfolio Investment

• For the first eight months of 2016, net FDI inflows recorded a year-on-year increase of 71.1 percent to reach US$5.4 billion. The sustained FDI inflows were buoyed by investors’ confidence in the economy on the back of the country’s sound macroeconomic fundamentals.

• Foreign direct investments (FDI) posted net inflows in August 2016 amounting to US$711 million, an increase of 32 percent from the US$539 million recorded in the same period last year. This is on account of the 44.2 percent increase in investments in debt instruments (or intercompany borrowings) to US$636 million from US$441 million in August 2015.

• The bulk of gross equity capital placements were sourced mainly from the United States, Singapore, the Netherlands, Japan, and Hong Kong. Equity capital placements were channelled mainly to real estate; manufacturing; wholesale and retail trade; electricity, gas, steam and air-conditioning supply; and arts, entertainment and recreation activities. Meanwhile, reinvestment of earnings grew by 9.9 percent to US$67 million during the month.

Currency / Reserves

• The Philippine peso depreciated against the US dollar in the third quarter of 2016. On a quarter-on-quarter basis, the peso weakened by 1.1 percent to average P47.06/US$1 from the previous quarter’s average of P46.52/US$1.

• On a year-on-year basis, the peso likewise depreciated by 2.1 percent relative to the P46.05/US$1 average in the third quarter of 2015. The weakening of the peso during the review quarter was due mainly to the renewed prospects of a hike in the US Fed funds rate and concerns over the potential slowdown of the Chinese economy and declining oil prices.

Remittances
• Personal remittances from overseas Filipinos (OFs) for the first nine months of 2016 grew by 4.8 percent year-on-year to reach US$20 billion.

Cash remittances from the UK to the Philippines reached US$1,048,310,000 from January to September 2016, down by -8.3% from US$1,143,463,000 for the same period in 2015. UK remains the top source of overseas Filipino remittances in Europe, representing 36.9 % of the total remittances from the region.

• About 80 percent of cash remittances came from the United States, Saudi Arabia, the United Arab Emirates, Singapore, the United Kingdom, Japan, Qatar, Kuwait, Hong Kong, and Germany.

Tourists

• Inbound visitors from January to August has already summed up to 4,042,049 arrivals. It is the first time to reach four million arrivals in just eight months. This volume escalated by 12.59% than the accumulated arrivals of 3,590,038 in the same period last year.

• Total earnings gained from tourism activities from January to August 2016 summed up to about Php 164.25 billion (US$3.3 billion). This recorded a gain of 7.92% compared to Php 152.19 billion (US$3 billion) for the same period in 2015. The month of February recorded the biggest receipts of Php 27.49 billion (US$ 0.54 billion), as well as, the highest growth of 42.09%.

Arrivals from the UK have consistent double-digit growth 13.48% with 117,535 arrivals within the said period. The UK ranks as the 8th top visitor market for the Philippines as of August 2016.

 

 

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