PH Bounces Back Under New Normal with Strong IT-BPM, Electronics, Healthcare Industries
From left to right: President of Israel Export and International Cooperation Institute Adiv Baruch, Department of Trade Undersecretary Rafaelita Aldaba, and Philippine Ambassador to Israel Neal Imperial give their opening remarks during the webinar. (Tel-Aviv photo)
TEL-AVIV 06 October 2020 – The Philippine Embassy in Tel Aviv co-hosted a webinar, together with Israel Export and International Cooperation Institute (IEICI), Philippine Department of Trade and Industry (DTI), and Board of Investments, featuring business and investment opportunities in Information Technology-Business Process Management (IT-BPM), electronics, and healthcare/pharmaceuticals in the Philippines on 05 October 2020.
DTI Undersecretary Rafaelita Aldaba, the webinar’s keynote speaker, highlighted that the Philippine new industrial strategy called “Inclusive Innovation Industrial Strategy”, which aims to link together our innovation and entrepreneurship ecosystem through strong collaboration between government, academe, and industry to accelerate our research and development (R&D) investments. Despite the COVID-19 crisis, it is amazing to see how Philippine companies have been responding to national health emergencies by offering solutions, products, and services. Indeed, people become more innovative during this period. Amid this situation, the Philippines implemented a manufacturing repurposing program that shifted manufacturing activities toward the production of COVID-19 critical products such as personal protective equipment (PPEs), ventilators, and testing kits. A group of garments and electronics companies invested 35 million US dollars creating jobs for 7,450 workers.
“In these times of uncertainty, it is only by joining forces can we find opportunities in challenges to continue our efforts to strengthen our bilateral economic relations,” said Mr. Adiv Baruch, President of IEICI, in his opening remarks.
“The current situation, though challenging, has also created business opportunities, especially for the IT sector and related sectors. The Philippine IT-BPM sector can find synergy with Israel’s high-tech start-up economy. Another important area of potential investments is the electronics and semiconductor manufacturing sector which remains the country’s largest export sector. The growing health and pharmaceutical sector in the Philippines, on the other hand, complements Israel’s competitive edge in this area,” emphasized by Philippine Ambassador to Israel Neal Imperial.
Business leaders from the IT-BPM, semiconductors and electronics, software development, and health/pharmaceuticals, shared with the webinar participants their insights on the current performance of their respective industries and the advantages of conducting business in the Philippines. END
Top row, from left to right: Ms. Agnes Perpetua Legaspi of the DTI-Export Marketing Bureau; Mr. Itamar Gero, Founder & CEO of Truelogic, an 11-year old IT-BPM company based in the Philippines; Board of Investments Senior Investment Specialist Paul Joseph Gamalinda. Bottom row, from left to right: President of the Philippine Software Industry Association (PSIA) Jonathan de Luzuriaga; Semiconductor & Electronics Industries in the Philippines Foundation, Inc. (SEIPI) President Dr. Dan Lachica; and Philippine Chamber of the Pharmaceuticals Industry, Inc. President Dr. Lloyd Balajadi share their insights about the featured industries. (Tel-Aviv PE photo)
For more information, visit https://www.telavivpe.dfa.gov.ph, https://www.philippine-embassy.org.il or https://www.facebook.com/PHinIsrael/.