Featured News – Page 8 – WWW.EDC.NET.PH

5th January 202114th July 2021

Roadmap launched to empower Philippine cold chain industry

The Philippine Cold Chain Roadmap has been launched with the primary objective “to guide the industry in the coming years and adapt to the “new normal” situation.”

This is the offshoot of the collective efforts made by various industry stakeholders that started in 2019. The Board of Investments (BOI) together with the Cold Chain Association of the Philippines, Inc. (CCAP) and Department of Agriculture (DA), other concerned government agencies, and private individuals collaborated to showcase the following: where the industry is at present, where the industry would like to go, and what are the plans to get there to sufficiently meet local demand and customer requirements and empower the industry.

5th January 202114th July 2021

ASEAN-JAPAN Centre underscores the need to strengthen Global Value Chains (GVCs) towards resilience

ASEAN-Japan Centre (AJC) Secretary-General Fujita Masataka reported that many countries had felt disruptions of supply chains in this time of the pandemic. Hence the series of calls at the international and regional level for strengthening and rebuilding of value chains such that of the G20 Actions to support world trade and investment in response to COVID19 on 14 May 2020, and the Hanoi Plan of Action on Strengthening ASEAN Economic Cooperation and Supply Chain Connectivity in Response to the COVID19 pandemic on 19 June 2020.

31st December 202014th July 2021

European Union to accept export with preferential tariff only from registered exporters starting January 2021

The Bureau of Customs (BOC) clarified that the European Union Registered Exporters (EU REx) registration will continue. However, BOC can no longer issue the CO Form A for preferential tariff rates. The EU member countries will no longer honor the said form starting 01 January 2021, as the EU REx System is already in effect since July 2020.

2nd December 202014th July 2021

Not to miss the 1st virtual National Export Congress 2020

Given the pandemic that affected the whole world with the overwhelming health crisis that brought risk to people’s lives and businesses, the government and the private sector was pushed to pursue innovation and digitalization programs.

We innovate to transform and shift to digital. Join us as we celebrate the 25th week-long celebration of the National Exporters Week highlighted by the National Export Congress 2020 via zoom platform with the theme “Digitalization Boost: Invigorating Exports in the “New Normal”.

Exporters and other stakeholders are enjoined to register for the National Export Congress 2020 at bit.ly/attendNEC2020. The Congress will feature new business models and strategies to help exporters cope and grow through technology and innovation to invigorate exports in the New Normal. See you virtually!

2nd December 202014th July 2021

DICT responds to the need for an abrupt shift for digitalization

DICT responds to the need for an abrupt shift for Digitalization pushed by the global health crisis brought by the COVID-19 Pandemic. The majority of businesses are currently leveraging the use of online platforms to continue their market. As part of the new normal adaptation, online platforms are an excellent measure to sustain their market demand.

2nd December 202014th July 2021

Export boost expected from the Regional Comprehensive Economic Partnership

Export Boost is to be expected from the recently signed Regional Comprehensive Economic Partnership (RCEP). It will broaden trade in goods and services, deepening economic integration among the 10 Southeast Asian countries, South Korea, Japan, Australia, and New Zealand. By far, this is the world’s largest trading agreement bloc covering 30% of the global economic output in the coming years.

2nd December 202014th July 2021

BSP to standardize MSMEs loan application process

The Bangko Sentral ng Pilipinas (BSP) is working with banks on the standardization of the Micro, Small and Medium Enterprises (MSME) loan application process. BSP is also developing the concept note and draft standard loan application form. This initiative aims to streamline/ lessen the requirements of financial institutions and provide more access to MSMEs.

In a press release by the BSP, it has allowed loans to large enterprises and MSMEs to be considered banks’ alternative reserve compliance until end-2022 to help companies affected by the pandemic. Consequently, loans that are guaranteed by the Philippine Guarantee Corporation, the Agricultural Guarantee Fund Pool (AGFP), and the Agricultural Credit Policy Council (ACPC) were assigned a zero percent credit risk weight. This move is meant to encourage banks to lend to small farmers and fisherfolk.

2nd December 202014th July 2021

Bill creating Transportation Safety Board nears enactment

The legislation creating the Philippine Transportation Safety Board is nearing enactment after hurdling the House Appropriation Committee on Wednesday, 18 November 2020. The bill was previously approved jointly by the Transportation and Government Reorganization Committees. The Senate has earlier approved its version on the third and final reading.

The PTSB shall be a non-regulatory and autonomous agency attached to and under the general supervision of the Office of the President. It shall be the primary agency responsible for the conduct of impartial investigation on transportation-related accidents and incidents. The main
objectives of the PTSB are (a) to improve transportation safety measures that will help in the prevention of transportation accidents and mitigation of dangers to human lives and property, and (b) to ensure the implementation of transportation safety standards.

2nd December 202014th July 2021

Export shipment tips for saving up and managing freight cost

Exporters were given tips on how to save up and manage their freight cost in the recently conducted forum of the Center for International Trade Expositions and Missions (CITEM) as a part of the capacity and community building activities for FAME+. CITEM Executive Director Ms. Pauline Suaco-Juan stated that one of the prevailing issues that exporters face is the shipping cost. Speakers of the said forum provided the necessary information to help exporters in navigating costs and consolidation in shipping.

13th November 202014th July 2021