Heat treatment for wooden pallet allows industry to meet global standards

 

By Rose de la Cruz 

To prevent invasive insect pests and diseases from entering the country through global trade, the International Standard for Phytosanitary Measures (ISPM) No. 15 was enforced in 2002, mandating the makers of wooden packaging materials to sterilize their pallets and crates. Mode of sterilizing is either thru heat treatment or methyl bromide fumigation. 

A pallet is a flat transport structure used for shipping goods around the world. Here in the Philippines, the wooden pallet industry is able to comply with the ISPM regulation using DOST-FPRDI’s HT technology. 

Wency Carmelo, of the Forest Products Research…

Read more: Heat treatment for wooden pallet allows industry to meet global standards

PH to host APO next regional productivity summit in 2019

 

 

By Rose de la Cruz

 

The Philippines is hosting, after Lao PDR, the 57-year old Asian Productivity Organization (APO) governing body next year, following the acceptance by the National Economic and Development Authority of the hosting rights.


NEDA Undersecretary for Regional Development Adoracion M. Navarro, currently the APO Philippine Director, represented the country in the turnover ceremony held at the APO Governing Body’s 60th Session in Vientiane last May 8-10.


“Let me thank Lao PDR for their hospitality and successful hosting of this 60th Session. And let me welcome you in advance to the Philippine hosting of the 61st Session…

Read more: PH to host APO next regional productivity summit in 2019

US law firm offers permanent residency for investors in America

 

Bastien Trelcat, managing partner for Southeast Asia of Harvey Law Group  

By Rose de la Cruz 

Now there’s an easy way to get to the United States as a permanent resident through investing in Tommie Hotel in Hollywood for only $500,000. Not only would investors be getting a permanent residency status but they also have the opportunity to provide 10 full-time jobs for US citizens.

 To stimulate the U.S. economy through job creation and foreign capital investment, the EB-5 Immigrant Investor program (which ends in on September 30) allows foreign investors and their spouses to apply for a green card…

Read more: US law firm offers permanent residency for investors in America

BSP reorganizes for better efficiency

 

By Rose de la Cruz

 

The Bangko Sentral ng Pilipinas is implementing its phased reorganization to enhance its capability to fulfill its mandate in a changing economic landscape.

 

The reorganized BSP is expected to have four major sectors: a) the Monetary and Economic Sector in charge of monetary policy formulation, implementation and assessment. It will absorb units formerly under the former Monetary Stability Sector, specifically the departments and offices for economic research and statistics, monetary and financial policy, international operations and relations, and loans and credit; the Treasury Department, Payments and Settlements Office and Investor Relations Office…

Read more: BSP reorganizes for better efficiency

February FDIs rise by 46.4%

 

 

By Rose de la Cruz

 

The net inflows of foreign direct investments in February 2018 posted $573 million higher by 46.4 percent that recorded a year ago, due mainly to the 56.3 percent growth in investments in debt instruments (or inter-company borrowings between FDI and their subsidiary/affiliates in the Philippine), amounting to $412 million.

 

Net equity capital likewise increased by 55.4 percent to $96 million, as gross placements of $114 million more than compensated for the withdrawals of $18 million. Equity capital placements came mostly from Hong Kong, the United States, China, the Netherlands,…

Read more: February FDIs rise by 46.4%

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