Tetangco receives lifetime achievement award from JFC

By Richmond Mercurio (The Philippine Star) 

Joint Foreign Chambers of the Philippines presidents with past and present Arangkada Lifetime Achievement Awardees during the recently concluded sixth anniversary of Arangkada Philippines Forum at the Marriott Grand Ballroom. In photo, from left, are Ho-Ik Lee (KCCI), Bruce Winton (AmCham), Julian Payne (CanCham), 2014 Arangkada Lifetime Achievement Awardee former PEZA director general Lilia de Lima, PAMURI chairman Shameem Quraeshi, Tom Grealy (ANZCham), 2017 Arangkada Lifetime Achievement Awardee former BSP governor Amando Tetangco Jr., Hiroshi Shiraishi (JCCIPI), 2015 Arangkada Lifetime Achievement Awardee SGV founder Washington Sycip, AmCham executive director Ebb Hinchliffe, Evelyn Ng (PAMURI), Arangkada chief-of-party John Forbes, and JCCPI vice-president Nobuo Fujii.

MANILA, Philippines — Former Bangko Sentral ng Pilipinas (BSP) governor Amando Tetangco Jr. has been awarded the Arangkada Philippines Lifetime Achievement award by the Joint Foreign Chambers (JFC) of the Philippines.

The Arangkada Lifetime Achievement Award recognizes individuals of any nationality that have lived and worked in the Philippines for 25 years and have contributed significantly to improving the country’s business environment.

JFC said Tetangco was chosen as this year’s recipient given his accomplishments as central bank governor which played an important role to the foreign investment community.

Among these accomplishments include managing inflation, the exchange rate, and the debt burden highly effectively, achieving record levels of reserves exceeding $80 billion, making reforms to increase the foreign banking presence in the Philippines, raising confidence of rating agencies to give investment grade ratings, and emphasizing financial inclusion and financial education for young people, among others.

“Being BSP governor is a role that had many challenges but one that I will always cherish. I feel very honored and also humbled to have been given the opportunity to serve in that capacity,” Tetangco said.

“Now that my term at the BSP has ended, I look forward to the work exemplified by private sector organizations like the JFC that proves public service is not a monopoly of the government.

The private sector has a tremendous role to play in improving people’s lives. I will constantly bear this lesson in mind as I move on to this new chapter of my life as a private citizen,” he added.

Source: http://www.philstar.com:8080/business/2017/09/22/1741357/tetangco-receives-lifetime-achievement-award-jfc

[OPINION] The investment and infrastructure challenges in implementing the 10-Point Agenda

Thinking Beyond Politics by Victor C. Manhit | September 20, 2017

In the medium term, the government is aiming to reach an annual GDP growth of between 7% and 8%. These rates are higher than we’ve seen in recent years, but our officials are optimistic. At the sidelines of the recent Arangkada business forum, Socioeconomic Planning Secretary Ernesto Pernia assured us that these rates are achievable, particularly when the current restrictions on foreign investments are lifted. While listening to the presentations, it seemed as though all our economic officials are similarly bullish for what they can accomplish.

NEW DYNAMISM IN THE INVESTMENT ENVIRONMENT?
At present, the government is reviewing the foreign investment negative list (FINL), which is the official list of sectors where foreign participation in excluded. Revised every two years, this round is the first time that the administration will have a hand in deciding where foreign investment is welcome.

By all accounts, this government is taking a more liberal approach than its predecessors.

At a different event, Secretary Pernia even shared that he had sent the initial draft of the 11th FINL back to the drawing board — deeming the first round of proposed changes too “puny.” This aggressive push is more than welcome for our economy, and Secretary Pernia’s statements are certainly an encouraging development.

The new list is expected to be released sometime in the next quarter, as the next draft will still have to be presented to the NEDA board for approval. According to Secretary Pernia, the sectors that he aims to open for foreign inclusion are: retail trade, professions, public utilities, and contractors. Some of these sectors are also expected to liberalize in line with the rest of the region as part of the ASEAN Economic Community.

As important as it is, liberalizing the investment environment is only one step to attracting more investment in the country. Deeper reforms are needed if we are to propel our economy to greater heights. Which reforms are necessary to improve our country’s competitiveness and foster an even more dynamic investment climate? These were the questions tackled during a recently held forum organized by the Joint Foreign Chambers, called “Arangkada Philippines: Implementing the 10-Point Agenda.”

Arangkada is a Tagalog word that translates to “accelerate,” a term that aptly captures the pace of our economy’s expansion over the last few years. While the previous administration made significant strides in fueling our economy, it fell short in achieving some of its growth and development targets. President Duterte and his team are capitalizing on these shortcomings.

Even before Duterte gave his oath of office, his economic team had already laid out its 10-point socioeconomic agenda. The speed with which it had declared its objectives reflected the administration’s obvious commitment to bringing about swift and impactful reforms — reforms that have to be implemented if we are to turn our ambitious targets into reality.

For those who were not able to make it, the Joint Chambers have published their lists of recommendations, covering macro-economic reforms, competition, infrastructure, rural development, human capital, poverty alleviation, and science, technology and the arts, in the conference proceedings.

BRIDGING THE INFRASTRUCTURE GAP?
The decrepit state of the country’s infrastructure is often cited as the Achilles heel of our economic potential. Thankfully, with the launch of the Build, Build, Build campaign earlier this year, there is no discounting that infrastructure is a centerpiece project of our current leadership. As a result, there has been renewed interest in the infrastructure sector and in how the administration will accomplish its targets.

For its part, the Duterte administration has announced a list of priority infrastructure projects.

During the forum, it was encouraging to listen to our government officials talking about the big-ticket projects that they intend to break ground on or even complete during this term. These projects include the Japan-funded Mega Manila Subway and 13 bridges across the Pasig River, two of which will be built with Chinese grants. Given the state of our traffic situation today in Manila, all of these projects will be watched and waited for with great anticipation.

Yet, several of these projects are reboots from the previous administration — a sobering reminder that they had failed to advance despite years of gestation. As always, the devil is in the execution, not the planning.

While the government has promised to increase infrastructure spending, this should also be complemented with institutional and policy reforms. The approval of the National Transport Policy this year is a good step towards unifying all transport projects. The administration’s push to right-size the bureaucracy is also a welcome measure to address the fragmented institutional setup of various transport agencies. Over the long term, a mechanism should be in place to ensure policy continuity every time a new administration steps into office.

FISCAL SPACE
With great anticipation also comes great apprehension about whether the Duterte administration will be able to see its commitments through to the end and achieve them as planned. Thankfully, it has everything going for it: years of sound fiscal policy have afforded the government a wide-enough fiscal space to make these necessary investments. It would be a waste to let the best opportunity that we have had in decades slip between our fingers.

Source: http://bworldonline.com/investment-infrastructure-challenges-implementing-10-point-agenda/

At least $10 B yearly FDI possible with reforms — JFC

By Richmond Mercurio (The Philippine Star) 

MANILA, Philippines —  The Philippines can easily attract at least $10 billion in foreign direct investments (FDI) annually once existing restrictions and improvement on its overall competitiveness are addressed, the Joint Foreign Chambers (JFC) of the Philippines said.

JFC officials said yesterday while the country may be considered the “rock star of Southeast Asia” as far as economic expansion is concerned, it remains a laggard in terms of FDI due to several factors affecting its business environment.

“The Philippines should receive $10 billion a year. But what is preventing the country’s economy from running on all cylinders? Growth of business processing, manufacturing, and tourism have been high, but the growth of agriculture has been weak and mining has moved backward despite its high potential,” Japanese Chamber of Commerce and Industry of the Philippines president Hiroshi Shiraishi said.

“The really relevant criteria is how we are doing compared with our leading ASEAN neighbors such as Vietnam, Thailand and so on. Our target should be to have at least the ASEAN average in FDI. And we still have a long way to go,” Canadian Chamber of Commerce of the Philippines president Julian Payne said separately.

The country’s net FDI last year zoomed 40 percent to a new record level of $7.9 billion, surpassing the full-year target of $6.7 billion.

“The key point is how quickly the new administration can proceed with its stated intention to remove restrictions of FDIs. There have already been a number of initiatives,” Payne said.

In a new Arangkada Project publication released yesterday, the JFC outlined various recommendations on reducing cost of doing business and increasing competitiveness and ease of doing business in the Philippines.

“There was a lot of concern about the reputation impact of the extrajudicial killings. But most companies have realized that in most sectors, it hasn’t changed the day-to-day operating environment and most companies are pushing ahead,” Australian-New Zealand Chamber of Commerce of the Philippines president Tom Grealy said.

“The underlying economic management is good, and there is fundamental reform coming which will potentially set the Philippines up for the next 20 years, particularly the tax reform so it’s quite actually an exciting time,” he added.

With regard to tax reform, the JFC said concerns have been raised by its members over proposed provisions in the first TRAIN that could have negative effects on business process management, ROHQ, automotive, and beverage firms.

The group said some of these concerns were ameliorated in the House version of the new law, while others may be resolved in the Senate and the bicameral reconciliation process.

“JFC members support taxes that are more progressive than regressive, that incentivize individuals and corporations to work hard to produce income, save, and invest, that impose a significant burden of taxation on consumption, support investment and job creation, support needed physical and social infrastructure programs, and are collected fairly, fully, efficiently, and without corruption,” the group said.

Source: http://www.philstar.com/business/2017/09/15/1739165/least-10-b-yearly-fdi-possible-reforms-jfc

ECCP: Philippines ‘not sending the right signals’ to foreign investors

 / 03:51 PM September 14, 2017

The European Chamber of Commerce of the Philippines (ECCP) said on Thursday that concerns in the political stability of the country, including the substantial downsizing of the 2018 budget for the Commission on Human Rights (CHR), is “not sending the right signals” to foreign investors.

ECCP President Guenter Taus said that the national government needs to look into long term solutions that would make the country look attractive to new investors that may want to set up shop here. However, he said that inviting new investments from overseas is “becoming more and more difficult.”

Taus made this assertion as he noted that the anticipated job gains to be brought about by the so-called “golden age of infrastructure” may be temporary, citing project-based construction jobs as an example.

“We have to look at long term solutions, meaning that goes with the political stability of the country as well as with the peace and order, and everything else. With a budget of $20 for the human rights commission, I don’t think we’re sending the right signals,” he said in a press briefing during the Arangkada Philippines forum.

This is the first time that ECCP has spoken up against the downsized budget of the CHR, which has been recently voted by a majority of lawmakers in the lower house giving it a budget of P1,000 for 2018 — a move which has received backlash not only in the local front, but in the international community as well.

Prior to this, the CHR only faced a 10-percent cut in its budget, or P649.48 million, as proposed by the Department of Budget and Management (DBM). This developed as Speaker Pantaleon Alvarez threatened to defund the CHR for criticizing the thousands killed under President Rodrigo Duterte’s war on drugs.

However, ECCP said in previous media interviews that investors see the Philippines differently from outside looking in, citing how the country is portrayed in international press for its dismal record on human rights violations.

This is supported by a recent survey among EU business based here in the Philippines which showed that a lot of them are still confident about the economic outlook of their companies here in the country. However, Taus said that the concern is more with the new companies that may want to enter the Philippines.

“We have been here long enough to understand how the [country works]. It’s bringing in new investments that (are) becoming more and more difficult,” he said. /kga

Source: http://business.inquirer.net/236837/eccp-philippines-foreign-investors-chr-budget-p1000-guenter-taus-europe

Major reforms required for 9% GDP growth–JFC

By  Cai Ordinario | September 14, 2017

BUSINESSMEN belonging to the Joint Foreign Chambers (JFC) on Thursday identified reforms that must be undertaken by the Duterte administration to grow GDP by 9 percent and achieve the goals of its 10-point socioeconomic agenda.

The JFC’s recommendations are contained in its publication, titled  “Arangkada Philippines and the 10-Point Socioeconomic Agenda of the Duterte Administration”, which was presented during a forum held in Pasay City.

“Despite the impressive progress, in comparison to its other major Asean neighbors, the Philippines still lags behind in terms of overall competitiveness,” the report read.

Citing the most recent data from the World Economic Forum (WEF) Global Competitiveness Report, the Arangkada publication noted that the Philippines rated considerably lower than Malaysia, Thailand and Indonesia, and only slightly ahead of Vietnam.

“The unfortunate 10-place drop from 47 in 2015 to 57 in the 2016 WEF competitiveness ranking underlines the need to both sustain improvements and increase efforts to move ahead of the competition, which is not standing still in their own efforts to attract more investment,” the report added.

The JFC said it outlined numerous recommendations for boosting the economy, increasing competition and improving the investment climate, infrastructure building, rural development, investing in human-capital development and strengthening the implementation of the reproductive-health law.

The group also called for promoting science and technology, developing creative industries, promoting manufacturing and strengthening the poverty alleviation and social-protection program.

“The government should adopt policies to double the GDP growth rate to 9 percent. This has to be supported by a clear long-term industry policy,” the Arangkada report read. This clear long-term industry policy, the JFC said, will allow the Philippines to also increase its earnings from merchandise exports by 15 percent annually and hit the $100-billion mark.

European Chamber of Commerce of the Philippines President Guenter Taus said for the longest time factories were only doing assembly work.

When it comes to manufacturing, Taus added the countries that have strong industries are South Korea, Japan, the United States  and EU. The manufacturing sector has created 5 million to 7 million jobs in these countries.  In order to “create” a manufacturing sector, Taus said the government needs to support small and medium enterprises to enable them to manufacture and deliver goods.

“If you look at $25 billion or $30 billion in export in the electronics sector and look at the related import figures, you will be shocked. Everything we actually do here, what we keep here is labor because all the rest is import, and what we export is a semifinished good, not the finished product,” Taus added.

American Chamber of Commerce senior adviser John D. Forbes said this is linked to the recommendations from the last Sulong Pilipinas summit, which urged the government to focus on the country’s competitive advantages.

Forbes added, however, the industry road maps have not identified specific commodities or products that the Philippines can concentrate on.  While a 9-percent GDP growth and a double-digit export growth has not been recorded in nearly 10 years, Socioeconomic Planning Secretary Ernesto M. Pernia said these are “doable targets” for the Philippines.

The highest GDP growth registered by the Philippines in nearly 40 years is 7.6 percent, while the highest export growth in 10 years was posted in 2010 at 33.98 percent.

“A higher growth is always an ambition, and we all want to grow the economy faster, exports, investments, so [there’s] nothing wrong with that. This is why they are using the word arangkada,because it’s really quantum jumps, quantum leaps,” Pernia said at the sidelines of forum.

“[These targets are] feasible, especially when we remove the restrictions on foreign investment and the negative list,” he added.

Philippine Association of Multinational Companies Regional Headquarters Inc. Director Safdar Quraeshi said agriculture is a “clear competitive advantage” for the country.

However, Quraeshi added many agribusinesses do not have access to shared machineries, solar technology and other innovations.

He said the government must extend incentives to these agri firms while encouraging the growth and development of companies belonging to the business-process outsourcing sector.

In the January-to-June period, the economy grew by 6.4 percent, slower than the 7 percent posted in the same period last year.

GDP expanded by 6.5 percent in the second quarter on the back of strong manufacturing growth, trade, and real estate, renting and business activities.

Sourcehttps://businessmirror.com.ph/major-reforms-required-for-9-gdp-growth-jfc/

CHR getting meager budget sends bad signal to foreign investors—JFC member

 / 03:18 PM September 14, 2017
Members of the Joint Foreign Chambers of Commerce of the Philippines hold a press conference at the sixth Arangkada Philippines Forum in Pasay City. Photo by Pathricia Ann Roxas/INQUIRER.net

A member of the Joint Foreign Chamber of Commerce (JFC) warned on Thursday that the House of Representatives’ approval of a measly P1,000 budget to the Commission on Human Rights (CHR) for 2018 sends a bad signal to foreign investors.

Guenter Taus, JFC member and president of the European Chamber of Commerce of the Philippines (ECCP), said that the country needs to send the right signals to prove that the Philippines is “the destination of choice” for investors.

“We need to send the right signals out that we are the destination of choice. ‘Cause in my opinion if you really want sustainable growth, it is not enough to just build, build, build because build, build, build will end at one point in time,” Taus said in a press conference during the JFC’s Arangkada Philippines forum in Pasay City.

“… (With) the budget of $20 for the human rights commission, I don’t think we’re sending the right signals,” he added.

On Tuesday, the lower house slashed CHR’s budget to P1,000 after 1-Sagip Representative Rodante Marcoleta criticized the agency’s failure to investigate rights violations committed by criminals and terrorists.

READ: House gives Commission on Human Rights P1,000 budget for 2018

House Speaker Pantaleon Alvarez also previously threatened to give a zero budget to the commission for “always criticizing President Rodrigo Duterte’s government.”

Meanwhile, the ECCP leader underscored that aside from the Duterte administration’s “Build, Build, Build Program,” which aims to usher the golden age of infrastructure in the country by 2022, the government should also look at long-term solutions that will create jobs for Filipinos.

“We have to encourage all the industries here now. We still want to attract them to stay here and move forward and see that we build the much needed jobs that we’ve been promising people. Because it doesn’t help that you have infrastructure projects this year and then what’s next?” Taus said.

The country’s leaders, Taus said, should also plan for sustainable growth that “goes with political stability, as well as the peace and order.” /jpv

Source: http://business.inquirer.net/236830/chr-getting-meager-budget-sends-bag-signal-foreign-investors-jfc-memberjfc-chr-foreign-investor-eccp-budget-house-business

Arangkada forum to explore PHL industrialization

Foreign businesses are looking forward to helping the Philippines reach the next level of development by helping it diversify away from economic pillars like business process outsourcing (BPO) by boosting agriculture, among other sectors.

The Joint Foreign Chambers of Commerce of the Philippines (JFC) said the sixth year of its Arangkada Philippines Forum will focus on “Implementing the 10-Point Agenda.” The forum is set for Sept. 14, where foreign businesses are expected to come up with policy recommendations for the government.

In a news conference yesterday, the JFC said that it will take on issues like opening up foreign investment, boosting value-added merchandise exports, incentivizing agriculture growth, tourism, infrastructure, mining, as well as the expansion of the BPO industry.

The basis for economic growth is currently narrow, according to Julian H. Payne, president of the Canadian Chamber of Commerce of the Philippines, as its drivers remain to be the BPO industry and overseas remittances.

“To join the ranks of all the industrialized countries, you’re going to have to diversify the economy considerably. That means really picking up agriculture, really picking up manufacturing, and diversifying it geographically,” he said.

“The BPO industry has enabled the middle class to rise. Why would you not support that? I think what the country needs is more BPOs. It has the potential to grow. If we don’t address these issues, we give those points away to China and India,” said European Chamber of Commerce of the Philippines (ECCP) President Guenter Taus, speaking in the context of President Rodrigo R. Duterte’s anti-Western statements, threatening Western investments here.

Benjie Garcia, executive director of the Australia-New Zealand Chamber of Commerce Philippines, Inc. (ANZCHAM) for his part, said that the Philippine BPO sector has reached maturity, raising the need to attract new investors and retain those currently here.

“BPO and shared services should be willing to focus on these two current developments, or be less competitive compared to India and China. We need to strengthen some incentives for this industry.”

They added that BPO firms should also look into developing capacity in the non-voice and knowledge sector, noting increasing competition within the region.

Mr. Taus raised concerns over the aging population in the agriculture sector noting the median age of farmers in the country is around 57.

“If we continue this way in 10 years, we will not have any farmers. So there needs to be some programs also to entice people to get back into farming again,” he said.

Mr. Payne for his part called for increased infrastructure and technology to accommodate small-scale family farms and help them evolve to more efficient commercial operations.

“I don’t think we’re going to be able to make huge progress in agriculture without addressing the need for larger, more efficient farming operations with appropriate infrastructure,” Mr. Payne said.

The business groups also said that backward and forward integration is the “key to success” in the mining industry, and urged the government to open refineries that will process extracted minerals, enabling the industry to capture more value added.

“If you want to develop mining, you have to develop in parallel an open environment to foreign investments to manufacturing, and encourage manufacturing,” Mr. Payne said.

ANZCHAM meanwhile said that it will be sharing best practices and experiences with the Philippines, given its technologically advanced mining companies that comply with international standards.

Moreover, foreign businesses also view tourism as a priority sector, but the infrastructure gap will remain as a longstanding challenge in attracting more foreigners to come.

However, the effect of the infrastructure shortfall is not exclusive to tourists.

Ho Ik Lee, president of the Korean Chamber of Commerce of the Philippines, said that South Korean firms have been planning to leave the Philippines, due to high logistics costs, which is about three times that of Vietnam.

Most South Korean companies located in economic zones are leaving the Philippines, and moving to Vietnam. “The costs are killing the manufacturing [industry],” he said.

The forum in September will have panel discussions on the infrastructure gap; industrialization; agribusiness, the creative industries, and tourism; disruptive technologies; and the future of the work force.

“We mustn’t look at each one just alone. We have to look at the combined impact, in what it means in terms of the long-term industrialization of this country, so it becomes one of the industrialized countries, which is what we are all looking for in the end.” said Mr. Payne. — Elijah Joseph C. Tubayan

Source: http://bworldonline.com/arangkada-forum-explore-phl-industrialization/

The JFC to Hold Sixth Arangkada Philippines Forum to Implement the Ten-Point Agenda

On September 14, 2017, the Joint Foreign Chambers (JFC) of the Philippines will hosts its Sixth Anniversary Forum with the theme “Implementing the Ten-Point Agenda” at the Marriott Grand Ballroom.
Continuing the previous forum themes of Move Twice as Fast (2012), Realize the Potential (2013), More Reforms=More Jobs! (2014), Invest NOW for Inclusive Growth! (2015), and A Bolder and More Inclusive Decade (2016), the JFC has selected the theme Implementing the Ten-Point Agenda to discuss key programs, policies, and projects that support achievement of the ten points in the years ahead.
As stated by Department of Finance Sec. Carlos Dominguez at the Dutertenomics Forum II held on April 25, 2017, “(T)he economic program of the Duterte administration…. needs wider public discussion and a broader base of support. The 10-point economic program of the Duterte administration takes into account the large trends defining our economic opportunities. These economic opportunities bear real fruit only if they are undertaken with audacious policy making.”
The forum takes place at a time when the prospects for the Philippine business and investment climate remain very positive. Despite some security issues, which have weakened the country’s image abroad. GDP growth, one of the highest in Asia, remains above 6.5% per annum and has been positive for almost two decades. The unemployment and underemployment rates—the highest in ASEAN—are slowly declining, as is the poverty high proportion of population living with $2 or less a day. Gross capital formation is steadily rising, inflation is low, and foreign reserves are high. FDI has grown over 500% in 2014, 2015, and 2016 to over $6 billion a year, with potential to rise soon above $10 billion. The country enjoys a favorable potential demographic dividend. Nevertheless, its economic engine is not running on all cylinders, a challenge which will be examined at the forum.

Over 40 distinguished experts will share their views, to be discussed within the two frameworks of the Ten-Point Socioeconomic Agenda and the JFC Seven Big Winner Sectors (Agribusiness, Business Process Management, Creative Industries, Infrastructure, Manufacturing and Logistics, Mining, and Tourism). Prominent figures in media namely, Atty. Anthony Abad (Bloomberg), Mr. Jose Roberto Alampay (BusinessWorld), Mr. Coco Alcuaz (formerly ANC), Mr. Quintin Pastrana (formerly Bloomberg), and Ms. Maria Ressa (Rappler) will moderate the five panels.

The five featured panels focus on implementing points of the Ten-Point Socioeconomic Agenda of the Duterte Administration. The panels are:

  1. Muscling the Economy: Filling the Infrastructure Gap,
  2. Philippine Industrial Revolution: Manufacturing, Logistics, and Mining,
  3. Game Changers: Agribusiness, Creative Industries, and Tourism,
  4. Disruptive Technologies: Artificial Intelligence, Big Data, Drones, Robots, Etc., and
  5. Philippine Workforce 2030: Human Capital Challenges and Solutions.
Socioeconomic Planning Secretary Ernesto M. Pernia will speak on the Philippine Development Plan and AmbisyonNatin 2040. Budget and Management Secretary Benjamin E. Diokno who will speak on the “Build, Build, Build” infrastructure project of the Duterte Administration. PCCI President George T. Barcelon and House Economics Committee Vice Chair Rep. Joey Sarte Salceda are among other prominent speakers.

Other speakers and panelists include:

  • NCC Private Sector Co-Chair Guillermo M. Luz,
  • Former MWSS Chairman Ramon Alikpala,
  • Former DOTr Undersecretary for Airports Atty. Roberto C.O. Lim,
  • Royal Cargo CEO Michael K. Raeuber,
  • DICT Usec. Engr. Denis F. Villorente,
  • DTI Asec. Rafaelita Aldaba,
  • PCCI Transportation, Infrastructure and Logistics Chair Dr. Enrico L. Basilio,
  • SEIPI President Dr. Danilo C. Lachica,
  • COMP OIC-President Atty. Ronald Recidoro,
  • DOT Usec. Rolando Cañizal,
  • Creative Industries Expert Henry J. Schumacher,
  • Cargill Philippines President Philip Soliven,
  • McKinsey & Company Managing Partner Suraj Moraje,
  • IDC Philippines Head of Operations Jubert Daniel Alberto,
  • USAID STRIDE Project Chief of Party Dr. David Hall,
  • AIM Associate Professor Dr. Erika File T. Legara,
  • NEDA Usec. Rosmarie G. Edillon,
  • Philippine Business for Education Executive Director Love Basillote,
  • World Bank Manila Program Leader for Human Development Gabriel Demombynes,
  • DOLE Usec. Ciriaco A. Lagunzad III,
  • DepEd Asec. Atty. Nepomuceno A. Malaluan, and
  • IBPAP President and CEO Rey Untal.

The JFC has invited President Rodrigo R. Duterte to deliver the keynote address.

The JFC will award the fifth Arangkada Lifetime Achievement Awardee to a distinguished retired civil servant. Previous recipients are former President Fidel V. Ramos (2013), former PEZA Director General Lilia B. De Lima (2014), SGV founder and former chairman Washington Z. Sycip (2015), and former Foreign Affairs Secretary Roberto R. Romulo (2016).
Expected attendees include industry and academic experts, investors, and diplomats. In particular the forum welcomes government officials and media as partners in Arangkada’s advocacies of the strong and inclusive growth of the Philippine economy that maximizes domestic and foreign investment, job creation, and an option for more Filipinos to work at home instead of abroad.
The JFC will release a new Arangkada document with pro-business and investment policies related to the Ten-Point Socioeconomic Agenda of the Duterte Administration, drawn from Arangkada 2010: A Business Perspective, previous Arangkada assessments, policy briefs and policy notes, the Philippine Development Plan, Dutertenomics, and two Sulong Pilipinas consultations organized by the Philippine Chamber of Commerce and Industry for business and government leaders.

The Sixth Anniversary Arangkada Philippines Forum is sponsored by the following corporate, organization, and media partners:

To register, please log on to http://arangkada.teamasiaevents.com/. For assistance, please contact our Registration Manager, Marlon Saquing at +63 2 847 3500 local 310, or email mbsaquing@teamasia.com.

The Sixth Anniversary Arangkada Philippines Forum: Implementing the 10-Point Agenda

The Arangkada Philippines Project (TAPP) and Marriott Hotel Manila MoA signing for the Sixth Anniversary Arangkada Philippines Forum. In-photo L-R: Marriott Hotel Manila General Manager and American Chamber of Commerce of the Philippines President Bruce Winton, The Arangkada Philippines Project Chief-of-Party and American Chamber of Commerce of the Philippines Senior Adviser John Forbes, and TeamAsia Managing Director Bea Lim.

The Sixth Anniversary Arangkada Philippines Forum of the Joint Foreign Chambers (JFC) of the Philippines will be held at the Marriott Grand Ballroom on September 14, 2017. This year’s forum with the theme “Implementing the 10-Point Agenda” will focus on the 10-point Socioeconomic Agenda of the Duterte Administration. The forum will discuss key programs and policies that support achievement of the ten points in the years ahead.

The topics that will be discussed in the forum utilizes the framework of Arangkada’s Seven Big Winner Sectors (Agribusiness, BPM, Creative Industries, Infrastructure, Manufacturing and Logistics, Mining, and Tourism). The forum is divided into five panels with the following topics: Muscling the Economy: Filling the Infrastructure Gap; Philippine Industrial Revolution: Manufacturing, Logistics, and Mining; Game Changers: Agribusiness, Creative Industries, Disruptive Technologies: Artificial Intelligence, Big Data, Drones, Robots, Etc. and Tourism; Philippine Workplace 2030: Human Capital Challenges and Solutions

We have invited distinguished industry leaders and experts from both the public and private sectors to join the event. President Rodrigo Duterte has been invited to be the keynote speaker and National Economic Development Authority (NEDA) Secretary Ernesto Pernia and Department of Budget and Management Secretary Ben Diokno will be among the key speakers to discuss the Ten-point Agenda, the Philippine Development Plan, and Ambisyon Natin 2040.

For more information visit the event website at www.investphilippines.info/forum2017, email forum@arangkadaphilippines.com, or call 751-1495.

The Sixth Anniversary Arangkada Philippines Forum is sponsored by 3M, Auto Nation Group, Inc. (Jeep), BDO, Bank of the Philippine Islands, Capital One, Coca-Cola FEMSA, DoubleDragon Properties, Emerson Electronics, First Philippine Holdings, Globe Telecom, Leechiu Property Consultants, Manila Water Company, Metro Pacific Investments Corporation, Mondelez, Moog Controls Corporation, Pacific Cross, Pilipinas Shell Petroleum Corporation, Regus Philippines, Royal Cargo, Santos Knight Frank, SGV & Co., Social Security System, Sumitomo Corporation of the Philippines, Sumitomo Mitsui Banking Corp., Tourism Promotions Board, Toyota Motor Philippines Corporation, and Travellers International (Resorts World Manila).

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Next Arangkada Forum tackles President Duterte’s 10-Point Agenda

The Joint Foreign Chambers of Commerce of the Philippines (JFC) will be having their Sixth Anniversary Arangkada Philippines Forum this year with the theme “Implementing the 10-Point Agenda.”

The 2017 forum will emphasize the 10-point Socioeconomic Agenda of the Duterte Administration. With a combination of public and private sector speeches and panelists, the forum will discuss key programs and policies that support achievement of the ten points in the years ahead. Such reforms will be discussed within the framework of Arangkada’s Seven Big Winner Sectors (Agribusiness, BPM, Creative Industries, Infrastructure, Manufacturing and Logistics, Mining, and Tourism).

The Arangkada Philippines Project is the major advocacy—launched in 2010—of the JFC to increase investment and employment in the Philippines. In 2010, the JFC published the Arangkada Philippines 2010: A Business Perspective, an advocacy paper reflecting inputs from focus group discussions of top business leaders on seven sectors with high growth potential: agribusiness, BPM, creative industries, infrastructure, manufacturing and logistics, mining, and tourism, with 471 recommendations to build a more competitive Philippine economy, leading to high growth and new jobs.

The JFC has published five annual assessments of these recommendations, six policy briefs, and seven policy notes, all intended to improve the investment climate. Their advocacy efforts have contributed significantly to recent strong economic growth and the large increase in foreign direct investment, which reached US$ 7.9 billion in 2017, approaching levels of some competing ASEAN economies. These publications are available at the Arangkada website www.arangkadaphilippines.com.

The Sixth Anniversary Arangkada Philippines Forum 2017 will be held on September 14, 2017 at the Marriot Grand Ballroom, Manila. Registration for the forum is now ongoing.

For more information, visit the official event website www.investphilippines.info/forum2017, send an email to forum@arangkadaphilippines.com or call 751-1495 loc. 222.