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Mr. Sergio R. Ortiz-Luis Jr., EDC Vice Chair and PHILEXPORT President mentioned in an interview that the country’s export target is currently falling short of this year’s target, which is only about to reach $115B. External factors, such as issues related to the Ukraine-Russia and Israel-Hamas war, have contributed to this gap.
Continue reading “PHILEXPORT urges government to increase budget for export to achieve PEDP 2023-2028 goals”
We’re two months away from the highly anticipated celebration of the National Exporters Week (NEW) 2023!
Co-organized by the Department of Trade and Industry-Export Marketing Bureau (DTI-EMB), the Export Development Council (EDC), and the Philippine Exporters Confederation, Inc. (PHILEXPORT), this event promises to be a pivotal gathering for the export industry, offering valuable insights and networking opportunities. The NEW/NEC 2023 is slated on December 04-07, 2023, at the Sheraton Hotel in Pasay City.
The Export Development Council (EDC), the DTI-Export Marketing Bureau (EMB), and PHILEXPORT will conduct the Philippine Export Development Plan (PEDP) 2023-2028 Regionalization Roadshow nationwide. The event will feature presentations, workshops, and seminars to bring together exporters, would-be exporters, government agencies, LGUs, academe, and media in the top exporting regions of Luzon, Visayas, and Mindanao. With the primary aim of cascading the government agencies Programs, Activities, Projects (PAPs) supportive of the implementation of the PEDP, participants will acquire a firsthand understanding of the strategic direction and targets outlined in the plan. To read more about it, click this link .
Continue reading “EDC, DTI-EMB, and PHILEXPORT to conduct PEDP 2023-2028 Regionalization nationwide”
The Export Development Council (EDC) in partnership with the DTI-Export Marketing Bureau and PHILEXPORT, gears up to cascade the promotion of the Philippine Export Development Plan (PEDP) 2023-2028 in the regions. The EDC will commence the PEDP Regionalization activities starting the latter part of August to middle of November, through a series of Seminars and Workshops at identified top exporting regions in Luzon, Visayas and Mindanao, specifically in (1) NCR, (2) Region III-Pampanga, (3) Region IV-A-Laguna (CALABARZON), (4) Region VI-A-Iloilo City, (5) Region VII-Cebu City, (6) Region X-Cagayan de Oro City, (7) Region XI-Davao City and (8) Region XII-General Santos.
Continue reading “EDC to cascade the PEDP 2023-2028 at Regionalization Roadshow”
President Ferdinand R. Marcos Jr. approved the new Philippine Export Development Plan (PEDP) 2023-2028, presenting the Philippines as an agile export powerhouse; designed to accelerate the development and growth of exports in key industries. The plan was presented by the Trade and Industry Secretary Alfredo Pascual at the press briefing organized by the Presidential Communications Office on 06 June 2023.
Continue reading “Launching PEDP 2023-2028: Philippines as Agile Export Powerhouse”
President Ferdinand “Bongbong” Romualdez Marcos, Jr., (PBBM) in his State of the Nation Address (SONA) 2022 urged to boost the Tourism Industry as a driver to economic recovery through basic developments in the existing infrastructure in coordination with the Department of Tourism and Department of Public Works and Highways.
Continue reading “PBBM urges Tourism Industry boost”
The Export Development Council (EDC) in its Joint Council and Executive Committee Meeting on 20 January 2021, adjusted the export targets in the Philippine Export Development Plan (PEDP) 2018-2022. The new targets are US$91.7B in 2021 and US$105.3B in 2022.
The adjustments were recommended by the Export Marketing Bureau after a thorough review and simulation considering the world economic situation due to the COVID 19 pandemic, the assumptions of the Development Budget Coordination Committee (DBCC) and the data from the Philippine Statistics Authority (PSA).
Continue reading “EDC sets new export targets amidst pandemic”
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.
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.
The export industry remains resilient and optimistic to face the global health and economic crisis brought by the covid19 pandemic.
They are now producing in-demand products such as face masks, personal protective equipment (PPE), face shields, and other relevant medical supply needed in this time of pandemic. They have also opened the window to market their products through online platforms. Indeed, these products are potential to the export sector – to cater the world demand in the global market.