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PHL to launch business, investment program in line with ASEAN priority
PHL to launch business, investment program in line with ASEAN priority (Photo: ASEAN/Facebook)
MANILA—The Philippine government, through the Department of Trade and Industry (DTI), has set business and investment initiatives this year in line with one of the thematic priorities of Association of South East Asian Nations (ASEAN).
The initiatives are under the ASEAN 2017 Business and Investment Program (ABIP) that will be launched on Tuesday in Malacañang.
The launching will be led by President Rodrigo Duterte, DTI Secretary Ramon Lopez, and Presidential Adviser on Entrepreneurship Joey Concepcion.
“DTI as chair of the ASEAN Economic Ministers (AEM) and the chair for the Committee on Business and Investment Promotion (CBIP) will unveil several business programs for the year that will complement Philippines’ priorities under the ASEAN Economic Community (AEC) Pillar,” said Lopez.
The ABIP is in line with one of the six thematic priorities of the country’s hosting of 2017 ASEAN Summit — promoting inclusive and innovation-led growth for shared prosperity in ASEAN.
“Having AEC pillar in mind, CBIP developed business programs that will complement our regional effort in terms of regulatory coherence, promotion and internationalization of micro, small and medium enterprises (MSMEs), development of an innovation-driven economy, and promotion of women and youth entrepreneurship,” Lopez said.
CBIP is an inter-agency committee established by the Philippines’ 2017 ASEAN National Organizing Committee (ASEAN-NOC).
The CBIP’s task is to engage international business community, investors, government, and other stakeholders in business- and investment-related activities during the country’s hosting of ASEAN summit this year.
Meanwhile, the launching of ABIP follows the commencement of the government for its chairmanship of 2017 ASEAN Summit held in Davao City last Jan. 15.
malcolmkyle
January 23, 2017 at 6:45 AM
If they wish to attract business the PNP should stop murdering businessmen in Camp Crime:
The iron law of drug prohibition is that the more intense the law enforcement, the more potent the drugs will become, and at higher prices. This also allows corruption to spiral out of control.
1. The supply is temporarily interrupted by law enforcement but the demand remains stable. This increases the price.
2. Forcing the illegal product further underground means there is even less price competition.
3. Lacking competition, dealers charge monopoly prices, and profit margins widen.
4. The big profits draw in people who would not otherwise break the law, spreading corruption among the police and disdain for the law among otherwise law-abiding citizens.
5. Marketing becomes more aggressive, the price falls, and demand rises, drawing the attention of the forces that got the substance outlawed in the first place.
6. The law cracks down even more on the supply, driving the amateurs out of business and leaving more ruthless organized crime in control, now with even higher profit margins and with even more connections to corrupt law enforcement.
7. Eventually, most of the illegal market is run by corrupt law enforcement and government officials, who are now free to kidnap, extort and murder with impunity.
And around and around it goes.