Tag: investors

I Love Israel: Israel and the Philippines sign business agreement

I Love Israel: Israel and the Philippines sign business agreement

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The relationship between Israel and the Philippines moved forward some more as they recently signed a major agreement related to investments and economic cooperation, according to a news report by The Jerusalem Post.

To put things in perspective, posted below is the excerpt from report of The Jerusalem Post news report. Some parts in boldface…

Finance Minister Avigdor Liberman and Filipino Secretary of Trade and Industry Ramon Lopez signed an agreement on Tuesday that encourages and protects investments between Israel and the Philippines.

The trade deal

The deal aims to create an investment environment that encourages economic activity by providing a basket of commitments to investors from both Israel and the Philippines. It is expected to provide security and stability to foreign investors and encourage capital movements between the two countries. It covers regulatory issues, prevention of expropriation of assets, free flow of capital and advanced protection mechanisms for the rights of foreign investors in the host country.

“The investment protection agreement signed will help develop economic ties between the countries,” Liberman said. “The commitment between the countries to encourage mutual investment and provide optimal conditions for investors will strengthen existing economic activity and enable new opportunities for the private sector in both countries.”

The Philippines’ economy has grown significantly in the last decade, averaging about 6.4% annually from 2010-2019, according to the World Bank.

Following the coronavirus pandemic, the Philippines managed to bounce back from a 35% decline in global investment flow in 2020, increasing its incoming investment almost 30% this year.

“The high growth in the Philippines over the last decade and the increase in investment flows to it, together with the agreement signed, will strengthen economic cooperation and increase investment between the countries,” said Shira Greenberg, the Finance Ministry’s chief economist.

“The Philippines is a major partner in significant Asia-Pacific regional trade agreements, and in conjunction with the investment agreement signed today, it will open up new opportunities for Israeli companies and investors operating in these markets,” she said.

In recent times, the initial batch of Filipino hotel workers were sent to Israel to help its hospitality/tourism industry. Already the State of Israel is looking forward to stronger bilateral ties with the Philippines under the incoming administration of new President Ferdinand “Bongbong” Marcos. Marcos, who had met Israeli Ambassador Ilan Fluss, will formally take office on June 30, 2022.

As for this most recent development between the Republic of the Philippines and the State of Israel, the agreement can lead to a new wave of investments and even business innovation between them. Both nations have their own populations of not just trained workers but also entrepreneurs and investors (both individuals and organizations) who can visit the other nation for fresh opportunities to progress and prosper. Israel itself has an enduring record of being a hot spot for business innovation and startups. As such, the protection of investments between Israel and the Philippines is indeed crucial. This newest development is something we can all be thankful to the Lord for.

If you truly believe in Lord Jesus, the Holy Spirit and God the Heavenly Father wholeheartedly and you continue to be faithful (not religious), you should be aware that Christians are meant to stand united with Israel, love the Jewish people and pray for the peace of Jerusalem. You can do your part supporting Israel by donating to Christians United for Israel (CUFI). Do not forget to read the Holy Bible, then pray in tongues to the Lord in the privacy of your room with the door shut.

Always be the fearless and aggressive church of Lord Jesus! Always stand in support of Israel!

In ending this I Love Israel piece, posted below are Israel-related videos plus Philippine news videos for your viewing pleasure and enlightenment.

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Thank you for reading. If you find this article engaging, please click the like button below and also please consider sharing this article to others. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at  @HavenorFantasy as well as on Tumblr at https://carlocarrasco.tumblr.com/  and on Instagram at https://www.instagram.com/authorcarlocarrasco/

COVID-19 Crisis: Las Piñas City Mayor Imelda Aguilar says herd immunity is within reach

COVID-19 Crisis: Las Piñas City Mayor Imelda Aguilar says herd immunity is within reach

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Recently, the Manila Bulletin reported that Las Piñas City Mayor Imelda Aguilar confirmed to them that herd immunity against COVID-19 is within reach based on their latest statistics. Aguilar, who is running for a 3rd and final term as mayor and was honored recently, wishes that Christmas this year will be joyful and asked her constituents to get vaccinated so that herd immunity will be achieved in the city. The City Government can be reached through its COVID-19 hotline numbers.

To put things in perspective, posted below is an excerpt from the very short Manila Bulletin news report. Some parts in boldface…

Las Pinas City Mayor Imelda Aguilar announced on Thursday (October 7) that the city is now nearing herd immunity with less than 14 percent left of the total population that are unvaccinated.

Aguilar said a total of 97 percent of the city’s target population of 447,086 had already been inoculated with COVID-19 vaccines for the first dose while 86.3 percent were fully vaccinated.

“Sana ay maging masaya ang darating na Pasko ng mga Las Piñeros kaya nanawagan ako sa lahat na magpabakuna kahit ano mang brand ng bakuna laban sa COVID-19 upang ating makamit ang tinatawag na herd immunity ng ating siyudad ngayong Kapaskuhan,”(We want Christmas to be a joyful occasion this is why I am asking all Las Pineros to get vaccinated with any brand against COVID-19 to achieve herd immunity) Aguilar said.

The mayor also said that while the city government is slowly opening up the economy, she will invite more investors to generate more job opportunities for Las Piñeros.

Inspired by the legacy left behind by her late husband, former Mayor Vergel “Nene” Aguilar, she said free education for the youth in the city will continue with the construction of the new building for the College of Engineering at the Dr. Filemon C. Aguilar Memorial College (DFCAM).

Any Las Piñas resident who has yet to get registered for the free COVID-19 vaccines can learn the ways (4 methods) by clicking here. Anyone who is ready and willing to register online can click bit.ly/LasPiñasVaccination

Meanwhile, the City Government formally launched the online registration for COVID-19 vaccination for local minors (aged 12 to 17) which can be done at http://laspinascityonline.laspinascity.gov.ph/eCVRS/

Let me end this piece by asking you readers: If you are a resident of Las Piñas City, would you know if there are still a lot of people in your local community who remain unvaccinated or even unregistered for the free COVID-19 vaccines? Are the people in your local community aware that the city is getting close to achieving herd immunity? Does Mayor Aguilar’s plan to invite more investors to generate new jobs in the city inspire you?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below and also please consider sharing this article to others. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me as well. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me at HavenorFantasy@twitter.com

For more South Metro Manila community news and developments, come back here soon. Also say NO to fake news, NO to irresponsible journalism, NO to misinformation, NO to plagiarists, NO to reckless publishers and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, member engagements, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673

COVID-19 Crisis: Online stockbroker predicts PSE index to reach 8,100 level by the end of 2021

COVID-19 Crisis: Online stockbroker predicts PSE index to reach 8,100 level by the end of 2021

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With the enhanced community quarantine (ECQ) all set to take effect all over Metro Manila for two weeks starting August 6, a lot of people are disturbed about what lies ahead. For one thing, there is the highly infectious Delta variant spreading nationwide. There is also the potential economic damage and the effects ECQ will have on many workers.

And then there is the local stock exchange. While many investors are constantly looking on different directions and varied factors to decide what to do with their respective investments, the COL Financial Group recently revised its end-of-the-year estimate for the Philippine Stock Exchange (PSE) but their new prediction still points to a higher count than what the current index shows.

To put things in perspective, posted below is an excerpt from the Philippine News Agency (PNA) article. Some parts in boldface…

Online stockbroker COL Financial Group expects the Philippine Stock Exchange index (PSEi) to end the year at 8,100, slightly lower than previously projected, supported by optimism for faster economic recovery and earnings growth.

COL chief equity strategist April Lynn Tan said their forecast for PSEi has been reduced from 8,300 considering the lower earnings incurred by property companies as their mall operations are affected most by the implementation of enhanced community quarantine (ECQ).

The National Capital Region (NCR) will be placed under the most restrictive ECQ from Aug. 6 to 20 to prevent the spread of the more infectious Delta coronavirus variant.

This, after the one implemented from May 17 to April 13, 2021 to stem the country’s coronavirus disease 2019 (Covid-19) surge.

“We cut our earnings forecast and fair value estimates for the property companies given that they are part of a lot of the big holding companies that also dragged our fair value estimates. (But) an 8,100 target is still significantly higher from where we are today. That is why, we keep on saying that the negatives are priced in,” Tan said in a virtual press briefing Monday.

She said companies are “coping well” with the pandemic, adding that almost all sectors, except the property sector, reported higher year-on-year earnings.

“The reason why companies were able to deliver higher profits in the first quarter of this year compared to last year even though we are still in the pandemic is because they have adapted to the pandemic scenario by cutting cost and of course they also benefited from the lower tax rate, thanks to the CREATE (Corporate Recovery and Tax Incentives) law,” Tan said.

President Rodrigo Duterte last March 26 signed into law the CREATE Act reducing the corporate income tax rate by 5 to 10 percent for micro, small and medium enterprises (MSMEs) and other corporations.

Moreover, Tan said they remain bullish of the stock market on the back of efficient vaccination efforts and inflation reaching its peak.

Predicting the future is very unpredictable no matter what category gets discussed. Remember when the International Olympic Committee (IOC) predicted a brighter post-Olympics future for the city of Rio de Janeiro in relation to hosting the 2016 Summer Olympic Games? What happened after Rio Olympics were lots of unfulfilled promises, deteriorating facilities and a lot of embarrassment.

Going back to Philippine stocks, the COL Financial Group showed lots of details in their explanations of their 8,100 index end-of-2021 prediction. They were right to point to the CREATE Law which itself was a factor in the spike of foreign direct investments (FDI) in the country last April. The CREATE Law effectively reduced the corporate income tax rates for micro, small and medium enterprises (MSMEs). From this point on, it is interesting to see how the CREATE Law will impact the national economy and the local stock exchange in the months to come.

Let me end this piece by asking you readers: If you are an investor, what can you say about COL Financial Group’s end-of-the-year prediction for the Philippine Stock Exchange? Are you confident that the economic stakeholders, the businesses and investors will emerge stronger starting with the end of the next ECQ period until the end of the year? Is the CREATE Law positively impacting your business and/or investments?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below and also please consider sharing this article to others. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me as well. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me at HavenorFantasy@twitter.com

For more South Metro Manila community news and developments, come back here soon. Also say NO to fake news, NO to irresponsible journalism, NO to misinformation, NO to plagiarists, NO to reckless publishers and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, member engagements, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673

Muntinlupa City Government Praised for Business Friendliness

Muntinlupa City Government Praised for Business Friendliness

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Muntinlupa City Government Praised for Business Friendliness

During a consultation meeting and presentation of local medium and long-term development plans held at Vivere Hotel, Filinvest City, Alabang in Muntinlupa City, the members of the business community lauded the local initiatives of City Government of Muntinlupa.

IT and Business Process Association of the Philippines Executive Director for External Affairs and Investor Relations Nicki Agcaoili praised Muntinlupa LGU for facilitating a “business-friendly environment” in the city.

“Among other LGUs in the region, Muntinlupa City is the easiest to transact with,” Agcaoili said during the July 12 event.

Agcaoili also noted how they have achieved and exceeded targets after locating in the city.

Mayor Jaime R. Fresnedi expressed his thanks to business executives who attended the consultation meeting and vowed to strengthen partnership with them. This was affirmed by City Councilor Raul Corro who expressed the City Council’s commitment to address the business sector’s needs through local legislation.

For their part, City Government officials presented the projects to be implemented over next three years. Private sector execs expressed their feedback in a focus group discussion.

The consultation meeting was facilitated by the Business Permits and Licensing Office and the Local Economic and Investments Promotions Office.

In 2017 and 2018, the Philippine Chamber of Commerce and Industry hailed Muntinlupa City as the Most Business-Friendly LGU in the country. This established the city as the standout city for business in South Metro Manila.

A pioneer in the EODB Act, the City of Muntinlupa is the first local government unit (LGU) to introduce the Single Window Transaction – Modified Business One-Stop Shop, a single-interface business-registration process in which a business permit registration application can be finished in up to 15 minutes only.

MSME development is also a priority in the city through the Tulong Negosyo program (formerly Dagdag Puhunan program) which offers zero-percent interest loan assistance from 2,000 to 150,000 pesos.

On top of financial assistance, the local government provides coaching and mentoring sessions to budding entrepreneurs which include business legal management, accounting for non-accountants, and financial management, among others.

The City Government organizes business forums to determine the business sector’s inputs and feedback on development agendas. This in turn helps the City Government address their needs.

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Muntinlupa City Seen To Benefit From DTI-BOI Investment Promotion

Muntinlupa City Seen To Benefit From DTI-BOI Investment Promotion

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041619
The local government of Muntinlupa entered a partnership with the Department of Trade and Industry – Board of Investments in boosting Muntinlupa City as an investment destination. DTI Undersecretary and BOI Managing Head Ceferino Rodolfo signed a memorandum of agreement with Muntinlupa Mayor Jaime Fresnedi for the investment promotion endeavor at Muntinlupa City Hall, Putatan last April 16. Also witnessing the signing ceremony were DTI-BOI Investments Assistance Service Director Atty. Bobby Fondevilla, Muntinlupa City Administrator Engr. Allan Cachuela, Philippine Chamber of Commerce and Industry – Muntinlupa President Elvie Sanchez-Quiazon, and other local officials. (from Muntinlupa PIO press release)

The City Government of Muntinlupa continues to move forward and gain recognition for governance, cooperation and a continued business-friendly approach. For those who are unaware, Muntinlupa was named as the Most Business-Friendly City in 2017 and 2018 and judging from the other kinds of awards it won these past years it proved to be a highly competitive city nationwide.

Very recently I received a press release from the Muntinlupa Public Information Office (Muntinlupa PIO) in which the City Government (led by incumbent Mayor Jaime Fresnedi) announced that it has sealed a partnership with the Department of Trade and Industry – Board of Investments (DTI-BOI).

What’s the partnership about? Specifically the DTI-BOI will promote the city as an investment destination. Already DTI Undersecretary and BOI Managing Head Ceferino Rodolfo signed a memorandum of agreement (MOA) with Muntinlupa Mayor Jaime Fresnedi for the investment promotion endeavor at Muntinlupa City Hall on April 16.

What does this mean? It means the DTI-BOI will assist in boosting Muntinlupa City as an investment destination by providing relevant information on available incentives to potential local and foreign investors.

The investment board shall also provide assistance in the implementation of policies geared towards improvement of processes in starting a business. BOI aims to create an environment conducive to the expansion of existing investments or attracting prospective investments in the city. Further, the board will also conduct a mentoring program for the City Government’s frontline personnel.

During the MOA signing ceremony, Usec. Rodolfo lauded local initiatives and ease of doing business in Muntinlupa City. The BOI exec recognized some innovations facilitated by the City Government and its assistance in Micro, Small, Medium, and Large Enterprises and locators in Muntinlupa.  He also stated that Muntinlupa City is a business destination for high-value investments.

The mayor expressed his thanks to BOI for its assistance and said that the partnership will ripple to significant employment opportunities and the continuous development of local economy.

The way it is right now, Muntinlupa has arguably the most modern business and commercial zones in South Metro Manila. Already many companies have set up offices or corporate headquarters in Filinvest City, Madrigal Business Park, and Northgate Cyberzone in the Alabang area. When it comes to travel, the local connection to the Metro Manila Skyway is a big boost to the city as it allowed countless motorists to travel faster to and from Makati, Manila, Pasay City and the airports.

Things continue to look bright for Muntinlupa.

Thank you for reading. If you find this news article engaging, please click the like button below and also please consider sharing this article to others. Also my fantasy book The World of Havenor is still available in paperback and e-book format. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me as well. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me at HavenorFantasy@twitter.com