Monday, July 15, 2019

Feb 16 17, 9:50 am

Death toll in Nepal flooding and landslide ups to 67

Death toll on flooding and landslide in Nepal continues to rise as of Monday with police estimating the numbers to have reached 67. According to the New York Times report, rescuers are still doing search, rescue, and retrieval operations. This catastrophe also injured...

Deadbeat dads beware: You can be jailed and fined Php300,000

DUBAI: A lawyer specializing in family court cases has urged single moms, including overseas Filipina workers, whose ex-husbands or partners have been remiss of their financial obligations to their children to purses legal action. Atty. Noel Del Prado explained over...

Serious inquiries at Ph trade mission in Dubai

by | News

Feb. 16, 17 | 9:50 am

With businessmen throwing in serious inquiries following her hour-long presentation on investment opportunities back home, Charito B. Plaza, director general of the Philippine Economic Zone Authority (PEZA), is having high hopes her trade mission to the UAE could generate many pledges in time for President Duterte’s scheduled visit early next month.
pic 2
“It was very successful,” the ranking official, a former lawmaker appointed by Duterte to her current post four months ago, told The Filipino Times.

The investment conference’s open forum, which lasted over an hour, took more than 15 serious inquiries from the 70 businessmen present, who asked questions ranging from the specifics of putting up businesses at the economic zones to the governing statutes.

Wrapping up her presentation, Plaza told the businessmen, “We hope to have pledges so that when the President comes, he can see them.”

President Duterte is scheduled to be in the UAE later this year.

The UAE trade mission, held on Feb. 12, was the first leg of a week-long, three-city road show that included Riyadh and Doha, also according to Elnar.

Queries
pic 1
Meantime, among queries raised was the assurance on the continuity of PEZA’s programs in the event that Duterte loses re-election, to which Plaza replied: “The incentives are protected by law.”

Plaza, replying to another query, said a Memorandum of Agreement (MOA) with the Philippine Securities and Exchange (SEC) will be signed to expedite processing of permits and clearances so that documents can be submitted to Duterte for review within 24 hours.

“Mag-MOA kami sa SEC para madali,” Plaza told The Filipino Times.

Plaza said she will make the procedure “more simplified” such that it would only take a day for the application to be on the president’s desk after all papers and documents have been submitted by the investor.

She said an MOA is needed with SEC because it takes the latter three days to approve applications.

Two basic documents are needed for an application to be reviewed by Duterte: a profile of the company and a registration with SEC, Plaza explained, adding that the PEZA board will first have to review it before submission to the president.

“We have been assured that SEC will act on it no longer than two days,” Plaza told the businessmen.

Reactions
pic 3
Participants interviewed by The Filipino Times were unanimous in saying the investment conference enabled them to get a better understanding of the Philippines as it also included a presentation by Elnar on Philippine-UAE trade relations and another by Abul Khayr Amalon M. Alonto II, Mindanao Development Authority chief of staff.

Mohammed Ibrahim, marketing manager at Libya Africa Portfolio, a capital investments company, said it was “very interesting to know more about regulatory policies, about how to invest in the Philippines, about securities, about investing money there and how to regulate them.”

“We are very interested and looking forward as well to having continuous seminars for a closer look and to meet more Filipino suppliers,” he said.

“I met with the delegates of the zone authority to directly arrange a contact between us and the appropriate people,” said Mahran Hussein A. Khunji, business development manager at Der Mond Oil & Gas, a company which is also into other industries, among them commodities and automotive.

“They were so helpful. We will be networking with the directors. We got the direct contacts, which makes it easy for us,” he added.

“It’s a good opportunity to have met the right people,” for his part, said Usama Ghassan Al-Sammarraie, marketing manager at Zad Trading, which is into exporting ceramic tiles, among others. “They answered all the questions. They really made it clear. There are so many things about the Philippines that we didn’t know,” he added.

He said he has become “more interested” in doing business in the Philippines following the event.

“It was excellent, very informative,” said Houssam Abdul Malak, sole owner of Fiesta Pinoy, one of Dubai’s pioneering Filipino-centric restaurants. He said he has follow-up questions to Elnar.

Jose Jovy Tuano, co-founder and director of trade, investment and entrepreneurship of the Philippine Business Council in Abu Dhabi, noted the serious interest and quality of those in attendance.

“The challenge now is to identify what the UAE-based companies really need so we can really focus and customize and see how we can fill it in. At the end of the day, it has to be beneficial to them, cost effective and with a better return in investments,” he said.

Among the other businesses present were DP World, which already has stakes in Asian Terminal, an SEC-listed port operator; Dubai Export Development Corp., Dubai Holding, LMZ Cuisines, Al Ahli Holding Group, Dubai Economic Department, P&O Ports, Ajman Free Zone and Abu Dhabi Cooperative Society.

PEZA operates 361 economic zones across the Philippines.

Plaza, a former Butuan representative, was one of the authors of the Special Economic Zones Law that created PEZA.

Jobs

Editors Choice

Dubai bus crash driver gets 7-yr prison term, to pay Dh3.4M

Dubai bus crash driver gets 7-yr prison term, to pay Dh3.4M

The bus driver in the horrific road crash that killed 17 passengers has been sentenced to seven years' imprisonment and was ordered to pay Dh3.4 million compensation to the families of the victims. The 53-year-old Omani driver will pay Dh200,000 in blood money to each...

The Pinoy twang. Do you have it?

The Pinoy twang. Do you have it?

DUBAI: Filipino, according to some experts, is the most accent-neutral language, reason why the Philippines has replaced India as the “Call Center Capital” of the world. Philippine outsourcing revenue from call centers surged 160 percent to an estimated $23 billion in...

UAE Pinoys, 3rd top money senders

UAE Pinoys, 3rd top money senders

DUBAI: Overseas Filipino workers (OFW) sent home the third biggest remittances among other expatriates working in the UAE last year. Filipino workers in the UAE sent Dh3.2 billion or around 7.9 percent of the entire remittances from the emirates. This is the third...

LOOK: Cargo vessel capsizes off San Fernando, Cebu

LOOK: Cargo vessel capsizes off San Fernando, Cebu

A cargo vessel capsized off SEDC Port in San Fernando, Cebu at around 4:40 pm, Tuesday, June 25. All of its 12 crew were rescued by the Philippine Coast Guard (PCG)-Central Visayas. Lt. Jr. Grade Michael John Encina, spokesman of the Philippine Coast Guard in Central...

Death toll in Nepal flooding and landslide ups to 67

Death toll on flooding and landslide in Nepal continues to rise as of Monday with police estimating the numbers to have reached 67. According to the New York Times report, rescuers are still doing search, rescue, and retrieval operations. This catastrophe also injured...

Dubai OFWs’ bubble tea indulgence takes a new level

DUBAI: When you have a bubble tea refreshment store running out of stock and having to frequently deliver supplies from Taiwan by air, you got something! Such is the case for Tsaa Time, which opened just two months back at West Zone in Al Khail Gate whose owner,...

Deadbeat dads beware: You can be jailed and fined Php300,000

DUBAI: A lawyer specializing in family court cases has urged single moms, including overseas Filipina workers, whose ex-husbands or partners have been remiss of their financial obligations to their children to purses legal action. Atty. Noel Del Prado explained over...

Mang Inasal: Al Khail Gate’s Pinoy comfort food central

DUBAI: Years back, an enterprising food lover saw a gaping hole at Al Khail Gate’s growing community of mostly Filipino expats and he quickly filled it up. Today, that hole is the most popular go-to place for Pinoys hungry from work or just simply craving homegrown...

Recent posts

We listed over 1,000,000 jobs from United Arab Emirates monthly.

Accomodation option available in the market.

Latest News
Subscribe to our free weekly newsletter and never miss a thing. No spam. Only hand-picked trending news.

THE FILIPINO TIMES is the biggest and most trusted Filipino newspaper in the UAE.

It has a print run of 60,000 copies and 250,000 readership per week; bolstered by 1 million visitors to its website every month. It also has an e-newsletter sent to its 250,000 subscribers every day.

The Filipino Times is FREE and has the widest targeted circulation across the 7 emirates of the UAE.

With more than 2,500 strategic distribution spots, TFT is available where the Filipinos are - at Smart Bus Shelters, Metro Stations, restaurants, supermarkets, schools, airport lounges, Emirates and Etihad Philippine-bound flights, churches, Filipino community events and many more.

THE FILIPINO TIMES. We are where the Filipinos are.

FOLLOW US

SIGN UP FOR NEWSLETTER

THE FILIPINO TIMES is the biggest and most trusted Filipino newspaper in the UAE.

It has a print run of 60,000 copies and 250,000 readership per week; bolstered by 1 million visitors to its website every month. It also has an e-newsletter sent to its 250,000 subscribers every day.

The Filipino Times is FREE and has the widest targeted circulation across the 7 emirates of the UAE.

With more than 2,500 strategic distribution spots, TFT is available where the Filipinos are - at Smart Bus Shelters, Metro Stations, restaurants, supermarkets, schools, airport lounges, Emirates and Etihad Philippine-bound flights, churches, Filipino community events and many more.

THE FILIPINO TIMES. We are where the Filipinos are.

FOLLOW US

SIGN UP FOR NEWSLETTER

© 2018 The Filipino Times. All rights reserved

Subscribe To Our Newsletter

Join our mailing list to receive the latest news and updates from our team.

You have Successfully Subscribed!

More in News
First e-cars in UAE to hit the roads this year
Published On  February 16, 2017
Manager molests colleague; sends her indecent photos
Published On  February 16, 2017
PH remittances rise to $2.82B in December 2016
Published On  February 16, 2017
Close