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Viewing category: Trade and Investments

GERMAN INVESTORS IMPRESSED BY THE PHILIPPINES’ ECONOMIC AND GOVERNANCE GAINS

September 10, 2013

DoF Secretary Purisima addresses Deutsche Bank Roundtable.
Meets with DB Co-CEO Juergen Fitschen

Frankfurt.  The Philippine government continued its strong push to aggressively engage EU and German investors, as Finance Secretary Cesar V. Purisima visited Germany.  On 9 September 2013, Deutsche Bank co-CEO Juergen Fitschen welcomed Secretary Purisima to Frankfurt to attend a Deutsche Bank (DB) organized roundtable with major fund and investment managers.

Deutsche Bank officials were impressed by the Philippines’ sustained economic growth and strong macroeconomic fundamentals.  Secretary Purisima highlighted to co-CEO Fitschen the strong upside potential of the Philippine economy, particularly the institutionalization of growth through good government and the strength of its people, who he views as ASEAN’s most mobile and adaptable people.

Co-CEO Fitschen noted Deutsche Bank’s solid relationship with the Philippines, particularly in arranging successful bond issuances and through the operations of its Deutsche Knowledge Services (DKS) unit.  Mr. Fitschen welcomed the government’s strong focus on good governance and emphasized that German investors are swayed by two main factors: the presence of reliable and efficient institutions and the rule of law.  Given his own personal experience, Mr. Fitschen hoped that the Philippines would devote more energy and resources in selling its success story to international investors.
During the investor roundtabls, Secretary Purisima emphasized that the Philippines is in a unique position of having alignment between political leadership, public mandate, and economic conditions. While current growth is consumption driven, Secretary Purisima emphasized that growth could exceed 7 or 8% on a sustained basis as infrastructure, foreign direct investments, export growth, and tourist arrivals pick up pace.  The participants expressed particular interest in hearing how the government is addressing bottlenecks in infrastructure and in realizing equitable economic development.  Sec. Purisima noted that the government is proactively addressing these issues by steadily increasing the share of infrastructure under the fiscal budget and through the public-private partnership (PPP) program.  The PPP program, involving major airport and public transportation projects, has drawn significant local and foreign investor interest.  The Philippines recently launched the USD 625 million Philippine Investment Alliance for Infrastructure Fund (PINAI) with Australia’s Macquarie Group and the Netherlands’ APG and is also a shareholder in the ASEAN Infrastructure Fund.  The government has also placed education and public health at the top of its agenda, including through the quadrupling of the conditional cash transfer program and efforts at realizing universal healthcare.  – END –

PHILIPPINE AMBASSADOR RECEIVES KARLSRUHE SUSTAINABLE FINANCE AWARDS FOR DEVELOPMENT BANK OF THE PHILIPPINES

July 10, 2013

Berlin – Philippine Ambassador to Germany Maria Cleofe Natividad addressed an audience of international political, business, and finance leaders at the Karlsruhe Sustainable Finance Awards Ceremony as the guest of honor at the City Hall of Karlsruhe, Germany last 4 July 2013. The international event was attended by, among others, former EU Commissioner and Foreign Minister of Austria Benita Ferrero-Waldner, and Lord Mayor Dr. Frank Mentrup who welcomed the participants from all over the world.
Ambassador Natividad also received an award for the Development Bank of the Philippines in recognition of their innovative finance services in implementing its loan program. Two other Philippine institutions were recognized for innovative and sustainable financing – Land Bank of the Philippines and Alalay sa Kaunlaran, Inc.
The city of Karlsruhe presented three awards: Best Innovation in Sustainable Financial Product & Services, Outstanding Sustainable Project Financing and Outstanding Business Sustainability Achievement. Development banks from India, Malaysia, and Sri Lanka won the main awards.  The awards night was the highlight of the two-day Global Sustainable Finance Conference 2013: People, Planet, Prosperity which brought together international political, business, and finance leaders for an intensive discussion on innovative investments in climate and environment protection.
During the Conference, there were presentations on small and medium-sized enterprises; project financing; sustainable and low-carbon economies; sustainability as a factor in finance strategies; environmental change as it relates to sustainable development; and sustainable technologies.

In her speech, Ambassador Natividad recognized the Global Sustainable Finance Conference  as an excellent platform for dialogue and business networking in the field of sustainable finance and investments. She also acknowledged the work of the Development Bank of the Philippines (DBP) under the leadership of its President and CEO Mr. Gil Buenaventura.

“I should give credit where credit is due: to the Development Bank of the Philippines (DBP) and the innovative people behind their “Water Revolving Fund”. I would not be here now without their excellent work,” the Ambassador said.

The Ambassador also cited the pivotal role of the DBP in the quest for sustainable and inclusive growth in the Philippines.

“It is one of the first banks in our country to integrate environmental considerations in all aspects of its operations. The DBP’s thrusts are in line with the investment priorities plan of His Excellency President Benigno S. Aquino III which encourages greater investments in green projects, infrastructures, and renewable energy. As in the past, the DBP is contributing to the outstanding economic growth of the Philippines this year.”

The Ambassador also expressed her admiration for Karlsruhe as “Green City” of Germany – as a model for sustainable development and stated that there is a great potential for cooperation between the Philippines and the entire Technologie Region Karlsruhe.

“There are areas where our interests converge. At over 92 million strong, the Philippines has a population dividend that can potentially help address yours skills shortage and at the same time facilitate skills transfer to us. We want to invest in our human capital and partner with an innovation and technology leader, such as Karlsruhe. We only need the proper mechanisms to facilitate this mutually-beneficial exchange, ” she stated.

The call for closer cooperation was well received by Lord Mayor Mentrup.

In closing, the Ambassador congratulated the organizers of the first Karlsruhe Sustainable Finance Awards and the Lord Mayor for the successful gathering and urged further cooperation towards a sustainable future. – END-

Philippines shines in Berlin’s Asia Pacific Weeks 2013 on “Smart Cities”

June 7, 2013

7 June 2013, Berlin, Germany – The Philippines made a splash in this year’s Asia Pacific Weeks (APW) in Berlin, a premier business forum organized by the Asia Pacific Forum, Berlin Ministry for Economics, Technology, and Research, and the Federal Foreign Office.

Vice President Jejomar C. Binay delivered the keynote address at the opening ceremonies of the APW.  The Philippine Embassy in Berlin, led by Ambassador Maria Cleofe R. Natividad, ensured strong Philippine participation in this year’s APW edition.

His key message on responding to the challenges faced by today’s cities was that “the government  can never go it alone.  Public-Private Partnership, with civil society chipping in, is the new model.  Government needs strong partners from the business community and the civic sector, just as business needs the prudential presence of government in many of its endeavors.” Vice President Binay noted that urban sprawl is also posing significant challenges to the delivery of basic services and is exposing the population to significant risks associated with climate change such as flooding.

Vice President Binay also touted the strong gains made by the Philippine economy, with the 7.8% GDP growth in Q1/2013 setting the pace for the Asia Pacific region.  Economic growth continues to be city-driven, with 60% of the Philippines’ population living in urban areas.

The Vice President emphasized that the Asia Pacific Weeks provides an innovative venue to rethink urban planning and transform cities into green, mobile, creative, and safe places to live.  He also commended the work of the organizers and the Philippine Embassy and thanked Ambassador Natividad for the Embassy’s efforts for his visit come to fruition.
Noting both his role as the Chair of the Housing and Urban Development Coordinating Council (HUDCC) and his twenty-year experience as Mayor of Makati, Vice President Binay emphasized the importance of public-private partnerships in sustaining the development of smart cities.  Vice President Binay recalled that while he was uniquely afforded the necessary time and space to institute reforms in Makati City, such as the prioritization of basic services and pioneering e-government services, most local government officials operate on a narrower time horizon.

The opening ceremony also included a performance by the University of Santo Tomas (UST) Singers, who regaled the assembled audience with a compact set of German and Filipino songs, highlighted by their German rendition of Beethoven’s “Ode an die Fruede” (Ode to Joy), which was met with a rousing applause by the assembled diplomats, business leaders, and policy experts.

During his presentation of “Smart City Makati – Business Portal” on 7 June 2013, Vice President Binay delivered a comprehensive presentation on Makati City’s holistic and people-centered agenda.  In particular, Mr. Binay highlighted that smart transportation, involving e-Jeepneys and hybrid buses, and the rise of mixed use developments, which integrate commercial and residential properties, were sustaining Makati’s premier position as a green and connected city.

The Vice President also highlighted that Makati City had adopted an advanced e-government platform, integrating all local offices, which has ensured the speedy and efficient processing of business applications.

The Vice President inaugurated the Aedes Architecture Forum’s Exhibit “Smart City the Next Generation: Focus Southeast Asia”, which brought together nearly fifty (50) veteran and up and coming architects, engineers, and artists with the aim of developing intelligent and sustainable solutions to Southeast Asia’s urban context.  Also in attendance was Mr. Felino Palafox, who has launched a collaborative private sector initiative in formulating ten principles for the sustainable development of Metro Manila.

The launch of the exhibit was preceded by a performance of the Kontemporaryong Gamelan Pilipino (Kontra-Gapi) of the University of the Philippines.  The Kontra-Gapi, led by Professor Abraham, electrified the crowd with its modern blend of music and dance inspired by traditional Filipino and Southeast Asian ethnic and cultural traditions. – END –

Vice President Binay Meets with German labor Minister von der Leyen

June 5, 2013

VICE PRESIDENT BINAY MEETS WITH GERMAN LABOR MINISTER VON DER LEYEN: BOTH SIDES AGREE TO FAST TRACK DEPLOYMENT OF FILIPINO NURSES TO GERMANY

5 June 2013, Berlin – Vice President Jejomar C. Binay, on the third day of his one week working visit to Germany, met Germany’s Labor Minister, Dr. Ursula von der Leyen at the Federal Ministry of Labour and Social Affairs, to sustain the momentum of Philippines-German labor cooperation following the signing of the agreement to deploy Filipino Healthcare Professionals to Germany on 18 March 2013.  The Vice President was joined by Philippine Ambassador to Germany Maria Cleofe Natividad, Honorable Francisco Tatad, and Prof. Dr. Gerhard Zeidler, Philippine Honorary Consul General to Baden-Württemberg and Hesse.
Vice President Binay informed Minister von der Leyen that following her visit to Manila in March 2013, President Benigno S. Aquino III had ratified the agreement on 29 May 2013. This means that the Agreement will now take effect and the implementing guidelines will be issued by the Philippine Overseas Employment Agency (POEA) soon.  The POEA is expected to start processing of nurses’ applications by 16 June 2013.

“For the Philippines, it means an opportunity for our nurses to get employed in Germany.  And for Germany, it addresses the shortage of nurses and other health professionals in the country,” emphasized Vice President Binay. Both sides are targeting the initial deployment of 50 Filipino nurses to Germany in the latter half of 2013, with an additional nurses expected in 2014.

The Vice President and Labor Minister von der Leyen took stock of the full gamut of potential labor cooperation and both sides also welcomed initial progress on the proposed Philippines-Germany Social Security Agreement. It is expected that the social security agreement will allow Filipinos returning to the Philippines to repatriate and totalize their pensions.  The next round of negotiations on a social security agreement will take place in the Philippines in January 2014.

Taking account of the existing complementarities in the maritime sector, Vice President Binay further suggested that the Philippines and Germany pursue cooperation in the maritime sector, which would potentially enhance technology transfer and boost the quality of seafarers’ training in the Philippines.  Noting the recent move to a K-12 educational system, Vice President Binay also expressed the Philippines’ interest to learn from Germany’s success with its dual vocational training system, which could further meet the demands of the Philippines’ expanding transportation infrastructure, real estate, and mining sectors.

As part of his commitment to ensure the welfare of nurses who are interested in working in Germany, Vice President Binay also met with State Secretary Klaus Murawski of Baden-Württemberg to discuss deployment of nurses in that state and obtain government support for nurses, particularly the recognition of their credentials which will facilitate their entry. The meeting was arranged through Honorary Consul General Zeidler, among the prime movers behind the nurses’ agreement. – END –

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Luisenstrasse 16, 10117 Berlin
Phone: +49 (0) 30 864 95 00
info@philippine-embassy.de
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For Consular-related Queries please send directly to the respective email addresses below
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Mobile: +49 152 2823 8085 (WhatsApp)
email: owwamemb@gmail.com; mwo_berlin@dmw.gov.ph

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