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Manufacturers weave, craft dreams to export
By: Sharon Robas-Macawile
Philippine Daily Inquirer

For the past 18 years, the national trade fair has been showcasing the best products from each region of the country.

Organized by the Center for International Trade Exposition and Missions (Citem), together with the Department of Trade and Industry, Bureau of Domestic Trade and Regional Operations and Development Group, the annual event brings together manufacturers of the finest Philippine products made from indigenous materials and serves as a link between domestic suppliers and retailers and exporters.

This year’s trade show, with the theme “A tour of Filipino creativity” held from March 12-15 at SMX Convention Center, gathered more than 200 exhibitors, 44 of which were on the raw/semi-processed materials category and the rest on the finished product category and the rest on the finished product category.

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Invitation to Visit the Semi-Processed Materials Expo, OTOP Special Setting and Gift Packages & Packaging Materials Exhibit at the NTF

by: Dir M. Orbeta

We are pleased to invite you to visit the Raw Materials Showcase, OTOP Special Setting, and Gift Packages and Packaging Materials Exhibit to be featured during the 2009 National Trade Fair on March 12-15, 2009 at the SMX Convention Center, Mall of Asia Complex, Pasay City.

The Raw Materials Showcase will exhibit the various processes that can be applied on capiz, fibers, vines, glass and metals. Samples of finished products manufactured using these raw materials will also be displayed.

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STAT WATCH

$977.8M Amount of exports turned out from the Subic Freeport in 2008
P310B Amount of microfinance loans targetted by the government by 2010
P40B-P50B Amount of loans released for micro, small, and medium enterprises (MSMEs) annually
P4B Estimated amount of loans released by the Small Business (SB) Corp. to the country’s MSMEs in 2008
P300M Amount of lending funds targetted for MSMEs by the Makati City government
P10M Allotted start-up capital for MSMEs by the Camarines Sur Provincial government
500,000 Projected number of entrepreneurs to be benefited by this year’s P50-B allotted loan budget for MSMEs
5,236 Number of Filipinos projected to be employed with the 39 Philippine Economic Zone
Authority (PEZA)-approved projects in January this year
35.8% Increase in PEZA-registered investments in January this year versus the same period last year
 

Portfolio investments bounce back in January

 

Portfolio investments posted a significant recovery in January,bouncing back from the $237.9-M outflow in January last year to a net inflow of $221.6M this year.

Data from the Bangko Sentral ng Pilipinas (BSP) indicated thatportfolio investments came in strong in the first month of the year, spurredmainly by the optimism that accompanied the inauguration of newly elected United States President Barack Obama.

The BSP report showed that gross investment inflows or registered foreign portfolio investments totaled
$502.1M in January, 56% lower than the previous year’s $1.2B. Bulk of gross inflows went to investments in shares listed at the Philippine Stock Exchange (PSE) amounting to $321.1M.

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Outsourcing firms in a hiring mood


Business process outsourcing  (BPO) sector officials remain upbeat even as some firms have had to  delay expansion plans and order workers to go on extended leave.

At the Clark Freeport, roughly 30 of the 900 workers of eTelecare Global Solutions, Inc. have been registered as under “temporary layoffs”, Clark Development Council (CDC) President Benigno N.  Ricafort said.

“But they will be recalled once the orders come in,” he explained. eTelecare Senior Vice-President Benedict C. Hernandez confirmed this, saying: “There’s a few on extended leave but they’re much less
than 10% of our employees who total 10,000.”


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