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GREGORY L. DOMINGO Secretary Department of Trade and Industry PowerPoint Presentation
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GREGORY L. DOMINGO Secretary Department of Trade and Industry

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GREGORY L. DOMINGO Secretary Department of Trade and Industry

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  1. Getting Down to Business in the Philippines GREGORY L. DOMINGO Secretary Department of Trade and Industry Australia-Philippines Business Council (APBC) Sydney, Australia 14 June 2011

  2. Snapshot of the Philippine Economy 2010: Fastest economic expansion since 1986 • GDP up 7.6% • Ave. inflation, 3.8% • Total Trade grew 30.5% • Exports, 34% • Imports, 28% • FDIs at US$1.713 B • Approved FDIs at US$4.346 B Source: NSCB

  3. Expanding Exports PH Exports Performance, 2005-2010 (Value in US$ Billions, Growth Rate in %) • US$ 16.52 B, ↑ by 10.55% • Top Commodity Exports: Electronics, Coconut Oil, Apparel and Clothing Accessories, Woodcrafts/furniture, Cathodes January – April 2011 PH EXPORTS

  4. Australia: Major Export Market of PH PH Top Export Markets, 2006-2010 Ave. 1 USA US$ 7,967.7 B 2 JAPAN 7,395.9 3 CHINA 4,901.0 4. HK, 5. SINGAPORE, 6. NETHERLANDS, 7. GERMANY, 8. MALAYSIA, 9. SOUTH KOREA, 10. TAIWAN, 11. THAILAND, 12. BELGIUM, 13. INDONESIA 14 UK 427.5 15 AUSTRALIAUS$426.7M 16 VIETNAM 422.5 17 FRANCE 283.7 18 CANADA 277.4 19 ITALY 253.7 20 INDIA 233.6

  5. Net Foreign Direct Investments & Approved Foreign Direct Investments Total Approved Foreign Direct Investments (Value in US$ millions) Net Foreign Direct Investments (Value in US$ millions) Source: FDI Quarterly Reports, NSCB Source:BangkoSentralng Pilipinas (BSP) • 2010 TotalApprovedFDI amounted to US$ 4.3 billion • 2010 Net FDI reached US$ 1.7 billion

  6. Growth Industry PH’s top dollar earner and top export product US$31.1 B or 61% of total exports in 2010 E L E C T R O N I C S Exports Investment • US$ 2.27 B in 2010 • US$ 1 B annually • US$ 1 worth of investment translates to US$2-3 worth of exports SEIPI People • 500,000 direct employment in 2010 • 1 direct job creates 7 indirect jobs from allied and support industries • PH schools producing highly-skilled workers World-class companies in PH SEIPI

  7. Growth Industry I T / B P O Animation • 20-year wealth of experience in the field • Capabilities in 2D, 3D, Maya, 3D Max, Medical/Educational Graphics & Animation Business Process Outsourcing (BPO) • Cost-competitive, state-of-the-art telecoms infrastructure • 25% industry growth • 600,000 direct employment Engineering Design • Services offered: • - Civil engineering design - Display technology • - Architectural drawings - Electronic components • Printed circuit design - Printers • Wireless devices -CAD/CAM • 135 development companies (export only) • Total IT professionals: 44,900 • Revenues in 2010: US$ 725 million • Rapid growth at an annual rate of over 30% Software Development

  8. Located at the “Ring of Fire” 2nd in gold; 4th in copper; 5th in nickel; 6th in chromite Established reserves of 13 known metallic & 29 non-metallic minerals Growth Industry M I N I N G 5th Most MineralizedCountry 9 M ha. Mineralized land • Only 420,000 ha. – with mining permits • 8.6 M ha. – still waiting for investors! Chamber of Mines of the Philippines FDI • US$6.05 B approved FDI in mining and quarrying • Australian companies in PH • Xstrata Copper • Indophil Resources NL • Oceanagold Corp. • Medusa Mining Ltd. Philex Mining Corp.

  9. Growth Industry SHIPBUILDING / HEAVY INDUSTRIES Shipbuilding Giants in the PH Coverage • Design, construction, overhaul, repair and alteration of watercrafts • Manufacturing outfittings for ships and vessels • Engineering and fabrication services • Conversion services for both foreign and Philippine clients • 100% foreign ownership of companies • Interconnection through the 919-km Strong Republic Nautical Highway • Available areas suitable as shipbuilding bases Philippine Advantage

  10. Growth Industry MOTOR VEHICLE Motor Vehicle Assembly • 2,937,480 units/year total plant capacity from 5 passenger cars, 21 commercial vehicle and 30 motorcycle assemblers • 18% growth of motor vehicle’s total sales volume in 2010 SEIPI World-class companies in PH • Toyota • Mitsubishi • Honda • Nissan • Isuzu • Universal Motors • Ford Parts and Components • 226 companies • US$3.32 B exports of motor vehicle parts in 2010 • Wiring Harness: bulk of exports SEIPI

  11. Growth Industry D E S I G N - based Industry • Design as tool to improve quality and competitiveness of Philippine products • Exports of Garments, Fabrics, Footwear, Travel Goods reached US$ 1.95 B in 2010 • Furniture exports amounted to US$152.2 M Scope/ Export Earnings SEIPI SEIPI Source: Manila FAME International

  12. Growth Industry D E S I G N - based Industry Government Support • Product design & development, design research & promotion, technology updating • Trade fairs & missions • Facility servicing, consultation services for furniture, gifts & house wares, fine jewelry & leather footwear industries SEIPI SEIPI Source: Manila FAME International

  13. 36,289 km coastline Asia’s Beach Capital Most diverse marine species in the world Tourism Act of 2009 provides incentives for investments in tourism priority sectors Medical Tourism, Health & Wellness, and the Retirement Sectors Popular tourist destinations: Banaue, Batanes Bohol, Palawan, Boracay and many more Growth Industry T O U R I S M

  14. Public-Private Partnerships: Cornerstone Strategy of National Development PPP Development Strategies Focus on infrastructure to support facilities for tourism, agriculture, social services and growth centers Provide incentives to stimulate private resources Ensure competition, fairness & transparency Provide assistance in preparation of business cases, pre-FS, full FS, detailed engineering, tender document, etc. Fast-track project approval process Protect public interest Create the PPP Center

  15. Pledge to Business “We will make our nation very desirable to business. We will cut red tape dramatically and implement stable economic policies. We will level the playing field for investors and make government an enabler, not a hindrance, to business.” President Benigno S. Aquino III Photo by: Pat Hocchuan www.filglobe.com

  16. Getting Down to Business in the Philippines GREGORY L. DOMINGO Secretary Department of Trade and Industry Australia-Philippines Business Council (APBC) Sydney, Australia 14 June 2011