WWW.EDC.NET.PH – Page 26 – Trailblazing. Collaborative. Resolute.

21st September 20204th February 2021

It pays to know right – MSME financing directory now available

The EDC Networking Committee on Financing came up with a Financing Directory aimed to assist the micro, small and medium enterprises (MSMEs) have the option to choose the right financing program suited for their needs. The said directory is a compilation of different loan programs describing their eligibility criteria, requirements and other loan mechanics and processes from commercial banks, government financing institutions, other financing alternatives, venture capital (for start-up businesses), etc. Please note that the directory is based on currently available information and maybe subject to change by the concerned financing institutions/entities.

The said directory can be downloaded from the EDC website: www.edc.net.ph/ncf-updates. GTM

21st September 20204th February 2021

SBCorp to fund the medium enterprises in the country

Access to finance has been a perennial problem of the country’s MSMEs. Many financing programs were developed by government financing institutions to assist them in growing their businesses, ship their products, develop new products, attend trade shows, etc. The latest of these many programs is SB Corporations’ (SBCorp) COVID-19 Assistance to Restart Enterprises (CAREs) program to micro and small enterprises for them to recover from losses that their businesses incurred during the pandemic. All loans from the CAREs program are interest-free and payment starts after six (6) months upon release of the loan and is payable within 18 to 30 months.

21st September 20204th February 2021

Skills development and the future of work amidst the Coronavirus pandemic

The Corona Virus pandemic never ceases to amaze us- aside from disrupting the economies of the world and changing people’s lives forever, it also made significant positive impact to some aspects of society including the skills we need, how businesses operate as well as the future of work.

To cope up with these trying times, the Employers Confederation of the Philippines (ECOP) came up with a three-month webinar series with an aptly titled theme: “21st Century Employers: Digital, Agile and Resilient”. Topics like automation, digital technology and their roles in the transformation of work brought about by the Fourth Industrial Revolution were discussed. Just as important are the new skills and talent needed to cope up with the new workplace environment were also discussed.

13th August 20204th February 2021

PEDP 2018-2022 Virtual Regional Consultations in Luzon, Visayas and Mindanao

The Export Development Council (EDC), in collaboration with the Department of Trade and Industry- Export Marketing Bureau (DTI-EMB) and Philippine Exporters Confederation, Inc. will conduct a series of virtual regional consultations via zoom in Luzon, Visayas and Mindanao comprising the top 10 exporting regions.

13th August 20204th February 2021

PRRD Signed Instrument of Accession (ATA Carnet) to boost Export Promotions

President Rodrigo Roa Duterte (PRRD) signed the “Instrument of Accession” for the Convention of Temporary Admission of Goods (ATA Carnet), also called the Istanbul Convention last 23 June 2020. The Department of Foreign Affairs (DFA) already transmitted the signed Instrument to the House of Senate for concurrence by two-thirds (2/3) votes of its members.

13th August 20204th February 2021

SCMAP advocates to abort NORTHPORT’s New Berthing Procedure due to doubling costs

The Supply Chain Management Association of the Philippines (SCMAP) advocates to abort NORTHPORT’s new berthing procedure as it doubles the costs of doing business making the prices of goods more expensive for the consumers.

13th August 20204th February 2021

Transport of Potassium Nitrate in solid form authorized by PNP

The Philippine National Police of Civil Security Group (PNP-CSG) clarified in a memorandum authorizing the transport of Potassium Nitrate (KNO3) in Aits original solid form. This order will not require potassium nitrate to be diluted in liquid form prior to transport and passing through the PNP checkpoints.

13th July 20204th February 2021

DOTr creates an office against unreasonable shipping charges

The Department of Transportation (DOTr) creates an office against unreasonable charges to be known as the Shippers’ Protection Office (SPO).

Under DOTr Department Order (DO) 2020-008, the established SPO will serve as a body that will protect and assist shippers, both international and domestic, against unreasonable fees and charges imposed by international and domestic shipping lines. This applies to all complaints and issues related to the rates, charges, practices and operations of international and domestic shipping lines in the country.

13th July 20204th February 2021

BOC implements Electronic Tracking device for Containerized Cargo (ETRACC)

The Bureau of Customs (BOC) implements the Electronic Tracking of Containerized Cargo System (E-TRACC), a real-time monitoring system of containerized cargoes using GPS-enabled electronic locks (e-lock), provided by Ascent Solutions Philippines, Inc. The said system is designed to ensure the safe transport of containerized cargoes onto its designated destination. For this, importers/exporters are mandated to pay for every container (thru online facilities) P500.00, within 10km. radius from the port of discharge and P700.00 if beyond 10km. radius from the port.

13th July 20204th February 2021

DOTr issued department order to minimize demurrage charges

The Department of Transportation (DOTr) issued Department Order (DO) 2020-009 to minimize demurrage charges.

This DO prescribe a minimum free time period of eight (8) days for cargoes unloaded by international shipping lines in any port throughout the country. This is a development from the five (5) days previously granted by the international shipping lines before charging demurrage.