Posted on 27 March 2014
Indophil says ready to take over mine
AUSTRALIA’S Indophil Resources NL is prepared to take over a major mining project in central Mindanao -- deemed potentially the country’s biggest foreign investment to date -- should its key partner abandon the venture, according to a company spokesman yesterday.
Posted on 27 March 2014
More Aussie, Japan aid for ‘Yolanda’
MANILA, Philippines—More than four months after Super Typhoon Yolanda devastated a large swath of the Visayas, Australia and Japan announced fresh aid in support of reconstruction efforts.
The Australian government had allocated another A$10 million (around P403 million) to fund the recovery in the typhoon-hit areas, Australian Ambassador Bill Tweddell said during a visit to Tacloban City on Tuesday.
In a report, PSA said inflation slid to 4.1 percent last month from 4.2 percent in January. Inflation stood at 3.4 percent in February
Posted on 26 March 2014
Miners and business join force in the Philippines
Australia is recognised as one of the most technologically advanced mining nations in the world.
So it it no surprise that it has been making closer ties with nations that are very prospective, but not as technically advanced, such as Mongolia, and the Philippines.
Posted on 26 March 2014
Indophil keeping options open on Tampakan
INDOPHIL Resources NL is keeping its options open on the $5.9-billion Tampakan copper-gold project in Mindanao, but prefers to have full control in mine operator Sagittarius Mines Inc. (SMI).
Gavan Collery, vice president for corporate affairs at Indophil, told reporters during a media briefing in Quezon City that a preferred option for the company is to first settle ownership of SMI. The latter is the holder of Financial and Technical Assistance Agreement for Tampakan.
Posted on 7 March 2014
Index hurdles 6,500-mark to hit 4-month high
The strong performance of local companies and less anxieties over Ukraine pushed the main stock index to a four-month high yesterday.
The benchmark Philippine Stock Exchange index jumped 0.94 percent or 60.68 points to 6,516.82, its best closing since ending at 6,519.58
on Nov. 5. The broader All Shares index gained 0.75 percent or 29.15 points to 3,910.63.
Posted on 7 March 2014
PHL likely to outperform Asean economies this year
The Philippines is expected to outperform anew other Southeast Asian economies this year, as stronger investments and robust government
spending resulting from the reconstruction efforts in typhoon-ravaged areas will help push the country’s gross domestic product (GDP)
growth in 2014, an international organization said.
Welcome to APBC
Since 1975, the Australia Philippines Business Council has fostered friendship, understanding and mutual benefit between the business communities of both countries.
The APBC has gained tremendous links through over 25 years of close association with the Australian and Philippine embassies and relevant Ministers.
The APBC's primary aim has always been to promote trade, investment and technical cooperation between Australia and the Philippines.
The APBC works closely with its counterparts in the Philippines such as the Philippine Australia Business Council. The APBC also maintains its relations with the Australian New Zealand Chamber of Commerce (ANZCham) and the Federation of Filipino-Chinese Chambers of Commerce & Industry Inc, based in Manila.
MEETING WITH THE 8TH AUSTRALIAN POLITICAL EXCHANGE COUNCIL PHILIPPINE DELEGATION
Delegates of the 8th Philippine Delegation with APBC Honorary Treasurer Johnny Ching
From left to right: 1. Ms. Georgina Nava, 2. The Hon. Mya Analene D. Rosos-Tenorio, 3.The Hon. Andres D. Lacson, 4. The Hon. Priscilla
Marie T. Abante, 5. APBC Treasurer Johnny Ching, 6. The Hon. Esteban Evan B. Contreras, 7. The Hon. Earl Tidy H. Oyas, 8. The Hon.
Ruel Darvin Momo.
Last 28 March 2014, APBC Treasurer Johnny Ching hosted the 8th Delegation from the Philippines organised by the Australian Political
Exchange Council. Their meeting took place inside Mr. Ching’s office at Moore Stephens Sydney West’s Pty Ltd’s office. The Philippine
Delegation proposed the briefing with Mr. Ching as part of their 7-day long annual International Exchange Program.
Issues discussed were on trade and investment, as well as the Delegation’s views on Australian policies and the Australian government’s
system. Ideas on improving the Philippines’ investment climate were also explored. Mr. Ching also briefed the Delegation on what the
Australia Philippines Business Council is, what its role and work is, as well as projects and activities that it has done and will do.
The delegates enjoyed their time in Australia, and learned much from the exchange program last week.
BUSINESS BREAKFAST FORUM WITH NSW PREMIER BARRY O'FARRELL
The Australia Philippines Business Council, in cooperation with Austrade Manila, recently organized a breakfast forum with the New South
Wales Premier, Barry O'Farrell last 20 February 2014.
Barry O'Farrell mentioned that New South Wales' $59.6-billion infrastructure program is open to Filipino companies for investment.
Citing an infrastructure backlog, O'Farrell said that their PPP projects were still successful, particularly in the development and financing
of the PPP projects. There are also other investment opportunites such as property development, telecommunications, insurance and financial
services, education, and business process outsourcing (BPO).
The breakfast was also an opportune time for both the Federation of Filipino-Chinese Chambers of Commerce and the IT & Business Process
Association Philippines to sign their respective Memorandums of Understanding with the Council. This signifies the commitment of the
APBC to foster stronger working relationships with other organisations in promoting better trade and industry for both Australia and the
NSW Premier Barry O'Farrell giving a speech on investment opportunities in New South Wales
NSW Premier Barry O'Farrell with members of The Australia Philippines Business Council
Jose Mari Mercado(L), President and CEO of IBPAP signs a Memorandum of Understanding with Eduard Alcordo (R), President of APBC.
Dr. Alfonso Siy (L), President of Federation of Filipino-Chinese Chambers of Commerce, signs a Memorandum of Understanding with Eduard Alcordo (R), President of APBC.
APBC Delegates and Guests enjoy a few cocktails and canapes at AIB's conference room the afternoon after the Business Breakfast.
IMMIGRATION POLICY UPDATE
The Bureau of Immigration (BI) has ordered all foreign nationals residing in the country to appear at its offices within 60 days as part of
the requirements for their continued stay in the country.
Immigration Commissioner Siegfred Mison has issued a memorandum circular dated 12 December 2013, requiring the foreigners to report in
person at the BI offices from Jan to Feb. 28 2014, in compliance with Section 10 of RA No. 562 of the Alien Registration Act.
Foreign Nationals are asked to bring their ACR I-card or paper based ACR and accomplish an application form. Applicants can download the
form from the bureau’s website or personally get a copy from any of the BI offices nationwide.
“The circular aims to strictly enforce compliance of the immigration law in the interest of national security, public safety and public
order. Mison said in the statement on Monday.
An application fee of P310 is required for their appearance.
Mison warned the foreigners that travel agencies, law firms and other entities transacting with the immigration bureau are prohibited from
accomplishing the application form or paying the corresponding application fees on their behalf, except due to circumstances in the Memo
Circular SBM 2013-002.
Those who are not required to appear in person are those 14 years old and below and 65 years and above, in Jail or in the hospital.
Mison said those who could show sufficient proof of physical incapability to report in person could likewise send a representative
Those who are outside the country are not required to appear personally for as long as they pay the application fee within 30 days upon
Other applicants whose appearance have been waived by the bureau can just send their representatives.
For more information, please check out the
online copy of the Guidelines for the Conduct of the Annual Report 2014 via this link.
Australia / Philippines Business News
The Energy Report: Growth and Opportunities in the Philippines Electric Power Sector Now Available
The 2013-2014 Edition of the Manabat Sanagustin & Co,'s investment guide entitled The Energy Report: Growth and Opportunities in the Philippines
Electric Power Sector is now
available for download.
The Energy Report provides an overview of the Philippine electric energy industry for companies and businesspeople who are interested
to invest or build a business. The report highlights important issues, laws and regulations affecting the industry, profiles of industry
players and taxation. The publication also tackles key insights in the power sector from the firm's partners and professionals with
extensive industry experience and from government and industry leaders.
December 2013 Edition of Philippine Business Report Now Available
The December 2013 edition of the Philippine Business Report is now available for download. The report highlights the improved trading environment in the Philippines and opportunities for Australian bilateral trade.
THIS WEEK IN HISTORY
On October 29, 1919, the American-sponsored Flag Law of 1907, which outlawed the display of the Philippine flag, was repealed, and the use of the Philippine flag was once again put to practice.
Click here to learn more about the history of the Philippine flag.
APBC October 2013 Newsletter
The latest edition of the widely read APBC Newsletter is now available. Previous editions can be found on the archive page.