MAKATI — Department of Trade and Industry (DTI) Secretary Ramon Lopez revealed that Russian businesses are keen on expanding their operations to the Philippines (PH).
During a meeting with Russian Deputy Minister of Industry and Trade Aleksey Gruzdev and delegation of Russian business executives on 25 September 2019, Sec. Lopez shared PH’s priority industries that Russia can participate in. He highlighted pharmaceutical, medical, as well as vehicle manufacturing sectors that both countries can collaborate on.
“The Philippines, under the leadership of President Rodrigo Duterte welcomes the interest of Russia to pursue economic cooperation engagements with the government and our business sector. We are optimistic that this good bilateral relationship between the two countries would drive investments, trade, and jobs,” said Sec. Lopez.
According to the trade chief, Russian businesses are exploring opportunities on various industries including airport infrastructure, aviation, shipbuilding, railways, satellite navigation system, waste water management, and power.
Deputy Minister Gruzdev expressed confidence with both countries’ strengthened business relationship and economic partnership. He likewise reiterated Russia’s openness for trade cooperation.
The meeting was held prior to President Duterte’s visit to Moscow this week, where DTI will bring over 150 business delegation to link with possible Russian counterparts. Various business agreements will also be signed during the visit. These include sale of PH canned fish and coconut products, as well as distributorship of lifestyle products and healthcare systems.
Also present during the meeting were DTI Assistant Secretary Angelo Taningco, Foreign Trade Service Corps Executive Director Magnolia Uy, Board of Investments Executive Director Ma. Corazon Dichosa, Russian Ambassador Igor Khovaev, and Ministry of Industry and Trade Deputy Director for Asia, Africa, and Latin America Aleksey Meshkov.
In a bid to further strengthen Philippine exports by tapping into non-traditional markets, the Department of Trade and Industry - Export Marketing Bureau (DTI-EMB), in collaboration with the Philippine Trade and Investment Center (PTIC) and the Philippine Embassy in New Delhi, conducted an Outbound Business Matching Mission (OBMM) to Mumbai, India on August 28 - 31, 2019.
The DTI-EMB continues its active engagement with the Philippines’ South Asian neighbors, particularly in India. The said country is among the fastest growing major economies in the world and is expected to become the third largest consumer economy by 2025. Aside from being one of the most inhabited nations, India’s favorable demographics make it an ideal trading partner – increasing young population, expanding middle-class, and rising income levels.
The OBMM to Mumbai was participated by Filipino companies from the areas of fast-moving consumer goods (FMCG) such as packaged foods and snacks, beverages, personal care products, and pharmaceuticals, all of which were identified to have great potential in the Indian market.
“We are intensifying our efforts to enhance the country’s bilateral trade with India by exporting quality Philippine products and services to this booming market through this mission,” DTI-Trade Promotions Group (TPG) Undersecretary Abdulgani M. Macatoman said.
The mission aimed to directly link Filipino exporters with potential business partners in the financial capital of India and pursue further opportunities particularly under the ASEAN-India Free Trade Agreement (AIFTA). This year's initiative was a follow-through of the first business mission to New Delhi in 2017.
Philippine Ambassador to India, H.E. Ramon S. Bagatsing, Jr. received the delegation led by DTI-EMB Assistant Director Agnes Perpetua R. Legaspi. He expressed his full support for programs that will advance Philippines’ trade interests and boost the country’s economic ties with India.
During the mission, the delegation participated in business-to-business (B2B) meetings with the members of various trade associations in India including the Federation of Indian Chambers of Commerce & Industry (FICCI), All India Association of Industries (AIAI), and World Trade Center (WTC) Mumbai.
The OBMM also coincided with the 14th edition of India's biggest food and beverage exhibition, the Annapoorna ANUFOOD India. The delegation took the opportunity to observe, network with Indian companies, and generate business leads during the event.
“This business mission to India is a testimony of DTI-EMB’s commitment to diversify our exports to non-traditional markets. Barely two weeks after the mission, we already received reports from our participants on the developments in their negotiations with prospective buyers from India. We will continue to monitor the progress and be in full support of our exporters,” DTI EMB Assistant Director Agnes Legaspi said.
In 2018, India was the 15th trading partner of the Philippines, 17th export market, and 14th import supplier. The total bilateral trade was valued at US$2.37 billion.
In celebration of MyPhone’s 12th Anniversary, the first Filipino phone brand is back at its game and released its BIGGER and BETTER Octa-core Android phone.
Introducing the all new, upgraded, and definitely the right X for every Filipino, myX12, the brand’s first-ever smartphone to feature a dewdrop display.
It is the best-ever smartphone yet MyPhone has ever released this year. With the internal specifications of 64GB ROM and 4GB RAM, this is surely what every Ka-Tropa should not miss.
It provides eXtreme speed, secure and reliable eXperience, and eXtraordinary non-stop connectivity all in trendy looking device.
According to MyPhone’s Vice President Kevin Tan, myX12 will be the talk-of-the-town once released in the market.
“This smartphone will leave everyone in awe not just because of the quality of the phone, but because of how MyPhone came with an upgraded smartphone at a very affordable price that not just our target market can afford, but also other classes,” he explained.
Kevin Tan also revealed that the market of MyPhone has played a huge role during the development of myX12.
“With the overwhelming requests from our market, I think this is the right time to release the best yet MyPhone could offer,” he said. “Coping with how the technology goes right now is something MyPhone kept an eye on,” he added.
eXtreme Processing Speed
The new MyPhone myX12 has an Octa-core technology, paired with an upgraded 64GB ROM and 4GB RAM that will give an eXtreme processing speed. Everyone can enjoy playing games without any interruption or without having to kill other applications running in the background.
Switching back and forth to any social media applications will also not be a problem; be it games, mobile browsing, multi-tasking application and more.
With 64GB storage capacity (expandable up to 128GB), every Ka-Tropa can enjoy capturing more photos and install countless applications.
eXtraodinary and Non-stop Connectivity
With MyPhone myX12, connectivity will never be a problem as it is supported by Dual 4G-enabled SIM slots and a Wi-Fi connectivity.
Dual SIM slots enable every user enjoy a fast and reliable connectivity without the possibility of switching from one network to another.
Equipped with 3500mAh battery capacity, myX12 also offers an all-day mobile eXperience for every user.
eXcellent Design
MyPhone myX12 has a trendy design that will definitely catch every Filipino’s eye, especially the young ones and young-at-heart with its shiny blue-green gradient finish named as Nebular Blue. It also has an outstanding 6.26” 19:9 HD+ IPS Full-lamination eXtended Display and a dewdrop notch that every Ka-Tropa can enjoy mobile eXperience Beyond eXtraordinary.
eXciting Photo Captures
MyPhone myX12 also offers an eXciting capturing capability with its pair of cameras. It has a 13MP dual rear camera with Sony sensor, equipped with a “Bokeh Effect” that lets you blur the background of your subject matter and built-in LED flash.
Enhance your images with Beauty Effect and take beautified selfie with myX12’s 5 MP front camera.
eXtra Features
MyPhone is uniquely iconic. With their pre-embedded application designed for every Filipino, the Pinoy App, where every MyPhone users can access exclusive contents like prayers, jokes, bugtong and exclusive promotions from the Pinoy phone brand.
In addition, myX12 has fingerprint scanner as one of its security features and an IR blaster.
On the other hand, MyPhone users are entitled to a free 1-year coverage of P25,000 Personal Accident Insurance in partnership with Sun Life Philippines and GCash.
“This is just the start of something new, eXtremely good offer to every Filipinos who have supported MyPhone for the past 12 years, as long as they are there, MyPhone will still stood up and offer an innovative yet budget-friendly devices for every ka-Tropa”, Marketing Head Inyi Yruma said.
MyPhone myX12 is available at MyPhone stores, kiosks and mobile stores nationwide for an affordable price of P5,499 only. myX12 is also available online at shop.myphone.com.ph.
