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RECENT NEWS

PHL startups shine at Taiwan InnoVEX 2019

June 17, 2019 192

17 June 2019

By Louise Kaye G. Mendoza | Knowledge Processing Division | DTI-Export Marketing Bureau

Published also in Business Mirror

IN coordination with the Export Marketing Bureau (EMB) of the Department of Trade and Industry, the Philippine Trade and Investment Center (PTIC)-Taipei and the QBO Innovation Hub, Philippine start-ups get the opportunity to introduce their companies and network with possible investors in the Slingshot Philippines Startup Ecosystem Pavilion during the InnoVEX 2019 Conference from May 29 to 31 in Taipei, Taiwan.

A STARTUP from the Philippines was adjudged the most promising startup during the InnoVEX 2019 Conference held from May 29 to 31, 2019 in Taipei, Taiwan.

Antipara Exploration was among 11 Philippine companies that participated in the event.

The country’s participation was organized by the Manila Economic and Cultural Office (MECO) and Philippine Trade and Investment Center (PTIC)-Taipei, in close partnership with the Department of Trade and Industry’s Export Marketing Bureau (DTI-EMB) and QBO Innovation Hub. A delegation of 11 local startups with Spring Valley Philippines exhibited at the Slingshot Philippines Pavilion at the exhibit.

The 11 startups were chosen from 40 applicants that offer innovative products from various fields such as artificial intelligence (AI), machine learning, geospatial mapping, innovative housing solutions, cyber security, smart advertising and e-commerce, education, financial technology (fintech), logistics and data science-enabled market research.

The pavilion aimed to expose Philippine start-ups to the global market and showcase the country’s talent, ingenuity and strength as a budding start-up nation.

Also, PTIC-Taipei organized facility tours for the participating start-ups to various incubators and accelerators located in Taiwan. Among the facilities visited by the delegation were the Center of Industry Accelerator and Patent Strategy (IAPS) in Hsinzhu City and New Taipei City, and the Center of Innovation Accelerator in National Tsing Hua University.

The tours gave the start-ups a chance to learn, connect and partner with Taiwanese start-ups, and be part of the incubation programs offered by these facilities.

Moreover, four Philippine startups, including GYPSY, Antipara Exploration and Cryptors, were among the 10 start-ups handpicked to pitch their platforms on stage during the Investor Matchmaking session on the second day of the conference. These start-ups were chosen out of 467 startups that exhibited at InnoVEX.

The session was attended and judged by participating international investors and partners. Antipara Exploration will get exclusive assistance from Taiwan Tech Arena (TTA) and access to the Asia Pacific Accelerator Network (AAN) global partners.

The Global Demo Day  InnoVEX was also held on the last day of the conference to showcase selected start-ups from four exhibiting countries. Five Philippine start-ups and Spring Valley Technology and Innovation Hub presented their solutions, alongside start-ups from Canada, France and Poland.

Approximately 100 meetings were held between the start-ups and potential partners, incubators/accelerators and investors during the five-day delegation trip.

Halal, natural boosting purchases for beauty, personal care in Indonesia

June 17, 2019 175

17 June 2019

By PhilExport News and Features

Published also in Business Mirror

BEAUTY and personal care in Indonesia is expected to have a positive outlook albeit slower growth, with halal and natural mainly driving local purchases.

The Euromonitor Digest, the online publication of the Export Management Bureau of the Department of Trade and Industry (DTI), said many brands continue to issue halal certification.

“Reflecting on this, consumers are becoming increasingly aware of the halal-brand presence in Indonesia and are choosing to purchase these products. As a result, international brands that had not acquired halal certification at the end of the review period will begin to do so,” it said.

The report noted that consumers are expected to continue to purchase beauty and personal care, though increasingly looking for discounted products, indicating that many brands will be offering bundled packages.

“Retailers are also expected to boost their sales by adding a greater number of discounted products in their stores, as consumers’ buying habits are shifting, as evident in many drugstores such as Watsons or Guardian,” it added.

Within beauty and personal care, the Euromonitor Digest further said international brands compete directly with domestic brands. The report further underscored the increasingly important role of Internet retailing in the distribution of beauty and personal care. Many companies and brands increase their presence in the channel to boost sales, it said.

“Looking at this trend, Indonesian banks are also participating in the competition by offering discounts when consumers purchase using their credit/debit cards. Companies are expected to continue their promotional activities through establishing distribution in their online official stores on the e-commerce platform and on their own web sites,” it added.

The report said new product development in Indonesia revolves around new packaging.

“The new packaging in Indonesia is deemed necessary due to low purchasing power in 2017. Manufacturers tend to offer consumers a new image for their products to encourage sales during a low economic period,” it said. 

34 government agencies to sign deal for ease of doing business in PHL

June 10, 2019 391

10 June 2019

Published also in Business Mirror

Representatives from 34 government agencies gather to finalize a memorandum of agreement (MOA) aimed at further improving the ease of doing business in the country and attract more investments by immediately acting and resolving issues encountered by investors.

THE Philippine Board of Investments (BOI), the country’s primary industry development and investments promotion agency (IPA), together with the 33 other members of the Investments Promotion Unit Network (IPUNet), has finalized the contents of a memorandum of agreement (MOA) seen to further improve the ease of doing business in the country and attract more investments by immediately acting and resolving issues encountered by investors.

At the IPUNet meeting conducted at the Great Eastern Hotel in Quezon City on May 24, 2019, 34 member-agencies committed to further collaborate and set the date of the MOA signing on July 10, 2019, with the heads of all the participating agencies expected to be on board for the ceremony.

The BOI, which serves as the IPUNet secretariat, through its Investment Assistance Service, presided over the review of the MOA and gathered the inputs and feedback of the participating government agencies. It was determined that the Anti-Red Tape Authority (Arta), as one of the new members of the network, will facilitate the issues not acted by concerned government agencies, as referred by the BOI-IAS.

“We have gained so much ground in our efforts to streamline our processes and procedures with the active participation of all stakeholders. As we finalized this, we look forward to the eventual signing of the MOA,” BOI-IAS Director Bobby G. Fondevilla said. The signing of the MOA is in accordance with Republic Act 11032 otherwise known  as the “Ease of Doing Business and Efficient Delivery of Government Services Act” and Republic Act 6713,“An Act Establishing a Code of Conduct and Ethical Standards for Public Officials and Employees, to Uphold the Time-Honored Principle of Public Office Being a Public Trust, Granting Incentives and Rewards for Exemplary Service, Enumerating Prohibited Acts and Transactions, and Providing Penalties for Violations Thereof and for Other Purposes.”