Wednesday, February 18, 2015
DTI AWARDS GOLD BAGWIS SEAL TO TOYOTA TAGUM
Monday, February 16, 2015
DAVAO DEL NORTE INVESTMENTS AND INCENTIVES BOARD (DdNIIB) HITS THE TRAIL
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Members of the Davao del
Norte Investments and Incentives Board chaired by Governor Rodolfo P. Del
Rosario (3rd from right, first row).
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The Davao del Norte Investments and Incentives Board (DdNIIB) had its
first Meeting last February 11, 2015 at the Office of the Provincial Governor,
to finalize the Implementing Rules and Regulations (IRR) of the Davao del Norte
Investments and Incentives Code. Composed of representatives from the
Public and Private sectors and Chaired by the Honorable Governor Rodolfo P. Del
Rosario, the Board approved the IRR and other documents necessary for the
implementation of the Code.
The approval of the said IRR and other documents signals the readiness
of the Board to hit the trail towards providing fiscal and non-fiscal
incentives to qualified enterprises and working on other investments-related
activities such as promotion and policy recommendation.
In his message to the members of the Board, Governor Del Rosario
emphasized the role of the approved Local Investments and Incentives Code
(LIIC) in generating investment, employment and revenue of the province. “The Local Investments and Incentives Code of
the province will serve as the policy support
to the regional economic development and the Asean Economic Cooperation (AEC)
Integration. It is expected that with the approved Code, more inflow of foreign
and local investments will be generated.”, del Rosario said.
Members of the Board coming from the private sector are the Chambers of
Commerce and Industry of Tagum City and Panabo City, Provincial Agriculture and
Fishery Council, and Filipino-Chinese Chamber of Commerce and Industry.
By: Gelyn S. Llana, Investment Promotion Officer - DTI Davao del Norte
Tuesday, February 10, 2015
Capability building for DavNor jewelers initiated
Also
seeing the industry’s potential, Tagum City National Trade School will also
be offering a 3D Jewelry Design course in summer this year. This is part of
the effort to upgrade the province’s jewelry making technology to be at par
with world standards in the near future. It will also enable graduates to
easily find employment as jewelry designers here and abroad.
As
an offshoot to these activities, the DavNor Jewelers Association was formed
and elected its first set of officers last February 5.
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Tuesday, February 3, 2015
Philippines secured GSP+ accreditation
Good News for Filipino exporters!
The European Union (EU) has given its go signal to the Philippines’ application to qualify for its General System of Preferences Plus (GSP+) scheme during a plenary meeting held in Brussels, Belgium last December 18, 2014.
By being qualified for the GSP+ scheme, the Philippines can now enjoy zero duty for 6,274 products entering the EU market. The approval, which took effect in 25 December 2014, is good for a period of 10 years.
Earlier, the country was a beneficiary of the regular GSP program which covers 6,209 products, with 2,442 products subject to zero duty and the rest slapped with lower tariffs.
Department of Trade and Industry (DTI) Secretary Gregory L. Domingo said the GSP+ would allow the country to increase its exports to the EU
by EUR 611.8M and create more than 200,000 new jobs in the first three years of implementation of the program. “We believe the EU GSP+ is really a game changer. It will strengthen our rehabilitation efforts and inclusive growth agenda,” Domingo added.
by EUR 611.8M and create more than 200,000 new jobs in the first three years of implementation of the program. “We believe the EU GSP+ is really a game changer. It will strengthen our rehabilitation efforts and inclusive growth agenda,” Domingo added.
He said the approved application boosts the country’s goal to become a manufacturing base in Southeast Asia as it is the only country in the
region granted the GSP+ status.
region granted the GSP+ status.
Source: DTI, Dataline Vol 20 No.1
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