by Penny Angeles-Tan | Aug 12, 2023 | Business
Allianz PNB Life, one of the leading life insurance companies in the Philippines, is excited to announce that RiteMED, one of the most trusted pharmaceutical companies in the Philippines, is its newest partner for Allianz Healthbox. This partnership further enhances the health and wellness offerings available to all Allianz PNB Life Health customers.
Present at the signing of partnership between Allianz PNB Life and RiteMed Philippines, Inc. from L-R: Leonardo Tan, Jr. (Chief Product Provider Officer, Allianz PNB Life), Joe Gross (President and Chief Executive Officer, Allianz PNB Life), Noel Herrera Lim (General Manager and Consumer Cluster Head, RiteMed Philippines Inc.), Lhea Laurel (Business Development Manager, RiteMed Philippines Inc.)
Allianz Healthbox is a one-stop shop for healthcare, lifestyle, and wellness needs. All Allianz PNB Life customers are entitled to exclusive perks from Allianz Healthbox partners. “Nowadays, people realize how important it is to take care of well-being. At Allianz PNB Life, we support our customers’ health journey beyond health protection products. Healthbox has been our means to provide extra care for clients through the benefits offered by our partner brands,” said Leonardo Tan Jr., Chief Product Provider Officer at Allianz PNB Life.
He added, “Our partnership with RiteMED provides customers convenient access to affordable maintenance medication. It boosts the value-added offerings of our over 50 partners who continue empowering our valued customers to safeguard physical health and peace of mind.”
Thanks to this partnership with RiteMED, Allianz PNB Life Health customers can now purchase from the RiteMED Tamang Alaga online store and enjoy a range of medicines, discounts and freebies.
Allianz Healthbox also offers well-known health and lifestyle leaders such as:
- Free Teleconsultation from KonsultaMD
- Free In-Clinic Consultation from MyHealth
- Free Gym Access from Anytime Fitness
- Free Mindfulness Meditation Workshop from Whitespace Wellness
- Free Eye Scan from Asian Eye Institute
You can also visit https://www.allianzpnblife.ph/healthbox.html to learn about Healthbox partners freebies and perks.
This partnership solidifies Allianz PNB Life’s commitment to prioritizing its customers’ overall health and well-being. As more partners join the Allianz Healthbox network, we are further strengthening our comprehensive healthcare solutions to cater to the diverse needs of our valued customers.
“At Allianz PNB Life, we go beyond health protection. Together with our Life Changers, we are here to support the customers in their health and wellness journey,” emphasized Christopher Cabognason, Chief Distribution Officer.
“That is why we offer innovative and customer-centric services that go beyond traditional insurance coverage. We believe in nurturing strong partnerships with other leading organizations in various industries to deliver value-added benefits and top-notch customer experience. Together, let’s safeguard your well-being and embrace a healthier future.”
Our dedicated Allianz Life Changers are available at our Life Track Stations at PNB branches nationwide, ready to help you identify the life and health protection you need. You can also visit https://www.allianzpnblife.ph/healthbox.html for more information.
by Penny Angeles-Tan | Aug 11, 2023 | Awards and Competitions
ADM Philippines was recently awarded the Excellent Performance recognition in Commercial Feedmill for Swine by the Livestock Philippines 2023 organizers at the World Trade Center in Manila.
ADM is one of the leading animal feed manufacturers in the Philippines and has been doing business there for over 20 years, assisting and supporting the country’s livestock and poultry producers. ADM Philippines’ feedmills are situated in strategic locations. They are equipped with state-of-the-art machinery and technology that allows the company to produce high-quality feed products that are safe, nutritious and affordable.
The company’s feedmill for swine is certified by the Department of Agriculture’s (DA) Bureau of Animal Industry (BAI), which assures ADM’s customers that the company’s feed products meet the high standards of quality and safety set by the DA.
“Receiving this award is a way of being recognized for ADM’s achievements and efforts in helping the country achieve vital food security. This is a testament to our Philippine farmers who continuously grow their businesses in pig farming through the technology we provide in our animal feed,” said Dr. Lorenzo Mapua, Managing Director of ADM’s animal nutrition business in the Philippines.
Livestock Philippines has always been at the forefront of international B2B events dedicated to the livestock, poultry, aquaculture, feeds and meat sectors. Attendees can access various technical seminars, conferences, and other activities that ignite knowledge concerning market trends, news, research, and the latest industry developments. The biennial event has been helping to promote and contribute to the growth of the said industries. ADM is also committed to improving by introducing innovative products and services.
ONE WITH THE PRESIDENT. ADM Philippines is committed to providing the country’s livestock and poultry producers with new technologies and quality products to improve the industry’s production and business. Dr. Aileen V. Guerrero, Marcomms and Brand Experience Manager joins the guest of honors led by President Ferdinand Marcos Jr. and Senator Cynthia Villar during the opening ceremony of Livestock Philippines 2023.
President Ferdinand Marcos Jr., currently acting Department of Agriculture Secretary, was the guest of honor as he formally opened this year’s event.
In addition to the Excellent in Performance in Commercial Feedmill for Swine recognition, ADM Philippines was also awarded the Sustainability Booth Design Award for Creativity. This builds on the accolades ADM earned last year with its Sustainability Booth Design Award for Information.
by Ferry Bayu | Aug 11, 2023 | Business
Al-Ikhsan Sports DEPLOYS CUTTING-EDGE TECHNOLOGY TO SHAPE THE FUTURE OF THE IN-STORE RETAIL
Al-Ikhsan Sports, a leading sports retailer in Malaysia, has partnered with ComeBy, a retail analytics platform, to revolutionize customer experiences and enhance store performance. The partnership aims to tailor products and services to meet customer-specific needs, enabling Al-Ikhsan Sports to tap into data and improve store performance. The platform will track return on investment, staff performance, and upsell and cross-selling capabilities, allowing Al-Ikhsan Sports to make informed decisions and maintain its competitive edge. The collaboration aims to provide personalized shopper experiences and enhance store performance across 51 outlets in Malaysia.
Kuala Lumpur, 9 August 2023 – Al-Ikhsan
Sports, the Malaysian premier sports retailer in Malaysia, has recently
embarked on a comprehensive research initiative to identify innovative
technology providers as part of their commitment to delivering exceptional
shopping experiences to their customers. After careful evaluation, Al-Ikhsan
Sports is proud to announce its strategic partnership with ComeBy, a prominent
retail analytics platform, to revolutionize the customer’s experience and
enhance store performances across the nation.
With a strong focus on staying at the
forefront of technological advancements in retail, Al-Ikhsan Sports aims to
tailor its products and services to meet customer-specific advance needs. This
collaboration will enable Al-Ikhsan Sports to tap into a wealth of data,
improving the way they understand their customers, optimize their stores, and
drive revenue growth.
“At Al-Ikhsan Sports, we are always
looking at ways to improve the overall customer journey within our stores”
said Mr. Vach Pillutla, Chief Executive Officer of Al-Ikhsan Sports.
“Through our partnership with
ComeBy, we can really leverage on technology to understand the key metrics of
Traffic, capture and conversion at the stores and can improve individual store
performance by putting in place initiatives to drive traffic, enhance front end
look and feel to bring in higher footfalls or ensure stronger visual
merchandising or even bring in the most appropriate merchandise for the
catchment. The combination of our industry-leading expertise with cutting-edge
solutions from Comeby which surely allow us to deliver a future-ready retail
experience.”
As part of their proactive approach to data-driven
decision-making, Al-Ikhsan Sports will leverage a robust platform to track
their return on investment in real time, ensuring efficient resource
allocation. The platform will also empower Al-Ikhsan Sports stores to measure
staff performance, including visitor-to-customer conversion rates as well as
average transaction values to upsell and obtain cross-selling capabilities.
Armed with valuable insights on shopper browsing, best-selling products, and
emerging trends, Al-Ikhsan Sports will be able to make informed decisions to
eliminate blind spots and sustain its competitive edge.
According to Barry Ooi, Chief Executive
Officer/Co-Founder of Comeby,”The goal is to stitch all these ‘offline cookie’
datapoints and provide Al-Ikhsan full insights into each of its stores, so they
can understand exactly what their shoppers are interested in and exactly why
they leave, and provide a more personalized shopper experience.”
This collaborative effort highlights
Al-Ikhsan Sports and ComeBy’s shared vision to shape in-store retail’s future
by integrating advanced technology with exceptional service, setting new
industry standards.
Al-Ikhsan Sports is set to roll out the
solution across 51 outlets across Malaysia, with further expansion planned
soon.
For more latest
information about Al-Ikhsan Sports please visit Al-Ikhsan Sports official
social media accounts on Instagram, Facebook, TikTok, Twitter and LinkeLeft
Right : Mr. Barry Ooi (Co-Founder/CEO of ComeBy)
Al-Ikhsan Sports (Al-Ikhsan) was established in 1993 with a single store of 150 sq ft in Holiday Plaza, Johor Bahru by Tuan Haji Ali Hassan and has grown to now 180+ stores throughout Peninsular Malaysia. Al-Ikhsan Sports aims to provide an affordable alternative to Malaysians living a healthy and sporty life as well as giving local football fans a wide choice. In 2016, Ekuiti Nasional Berhad (Ekuinas) invested a 35% stake in Al-Ikhsan Sports and since then, Al Ikhsan’s momentum has strengthened in terms of branding and recorded stronger development. Al-Ikhsan has also received various recognitions and awards from international as well local bodies following its encouraging achievements.
Head, Corporate COmmunication & Public Relations
Ryn Khiradin
(khairina.khiradin@al-Ikhsan Sports.com.my / +601 33568039)
by Ferry Bayu | Aug 11, 2023 | Business
BSP says may hike rates if…
MANILA — Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona said the central bank would only raise rates if there were new supply shocks on inflation.
Remolona made the statement in an interview with Nomura economist Euben Paracuelles
“If we have new supply shocks on inflation, which are unusually large, and if El Niño turns out to be very severe and combined with a confluence of other factors, we would have to tighten again,” the BSP governor said when asked what would trigger a resumption of the hiking cycle.
“Headline inflation is at 4.7 percent year-on-year, and we want to get to the target of 2 to 4 percent. But we also want to be comfortable that inflation is staying within that range and inflation expectations remain anchored,” he noted.
“If we don’t tighten when those shocks materialize, then expectations could get out of hand, inflation will feed on itself, and it gets much harder for us,” he explained.
Asked if policy settings would be kept stable if no supply shocks happen, Remolona said, “The pause means the signals from the data are still mixed and not consistent. Some indicators show the economy is holding up, some show it is weakening.”
“If this continues, then it’s likely prudent for us to still pause,” he said.
Remolona said the BSP would be cautious about cutting rates.
“If there’s a chance that we might have to raise rates again after we start cutting, we don’t want to take the risk from these quick reversals. I think the exit has to be a smooth process and this is what central banks have learned over the years. Sudden reversals are bad,” he said.
Inflation further eased for a sixth consecutive month in July. The BSP has said it remained ready to adjust the monetary policy stance if necessary to ease price pressures.
Easing inflation has allowed the BSP to keep rates steady at 6.25 percent during its last policy-setting meeting. The next meeting is on August 17.
by Ferry Bayu | Aug 11, 2023 | Business
MiiTel can now recognize voice emotions with AI
Jakarta, August 11, 2023 — RevComm is pleased to announce the latest breakthrough in the world of business communication. By combining artificial intelligence (AI) with voice emotion recognition capabilities, RevComm introduces an innovative feature that enables users to identify human emotions in phone conversations and online meetings using MiiTel.
Speech emotion recognition is a technology that allows users to recognize and visualize the level of positive and negative emotions in verbal conversations online. Through this feature, users can more easily monitor and evaluate the quality of their conversations.
The sophistication of the voice emotion recognition feature can be experienced in phone conversations using MiiTel, RevComm’s innovative AI-based smart telephone system that can automatically record, transcribe, and analyze voice. Most recently, MiiTel also supports the automatic generation of conversation summaries with ChatGPT. This technology can support the improvement of sales, call center, and business performance.
Furthermore, voice emotion recognition is also available for MiiTel Meetings, an AI-based online meeting analytics tool that can support business communication in Zoom, Microsoft Teams, and Google Meet platforms.
This feature utilizes colors to depict the levels of emotions in conversations. Darkening shades of green indicate higher levels of happiness, whereas deepening shades of orange indicate higher levels of negativity. Grey represents a neutral emotional state, while white signifies the absence of conversation.
Furthermore, the emotional identification within the speech emotion recognition feature can be observed from two distinct perspectives: that of MiiTel users and that of customers. The user’s facet enabling the monitoring of the quality of conducted conversations. Conversely, from the customer’s standpoint, this can serve as a evaluative guide and provide insights into the types of conversations that elicit positive or negative reactions from clients.
This breakthrough signifies RevComm’s commitment to provide cutting-edge technological solutions to meet the evolving needs of its customers. MiiTel is currently accessible in Japan, the United States, and Indonesia. Visit miitel.id to get a free demo.
MiiTel is an innovation from RevComm, one of Japan’s fastest-growing technology companies. Within five years, RevComm became a unicorn and won numerous awards: Forbes Japan’s Startup of the Year, Google for Startups, AWS Summit, Mizuho Innovation Award, Japan Venture Awards, BOXIL SaaS Award, Deloitte Technology Fast 50, and Forbes AI 50.
Nadira
na****@********co.jp
by Ferry Bayu | Aug 11, 2023 | Business
Mastering the New Media Landscape: TAPRO’s Freda Liu Shares Insights on Elevating Brand Presence at MGCC Event
TAPRO’s media trainer, Freda Liu grazed MGCC’s Tuesday Club with her sharing on how and what businesses can do to stay relevant in the digital age.
KUALA LUMPUR — In a rapidly evolving digital age, the role of media in shaping businesses’ brand presence has undergone a transformative shift. Recognizing the significance of adapting to these changes, the Malaysia German Chamber of Commerce and Industry (MGCC) hosted an insightful event on August 8 featuring esteemed speaker and TAPRO media trainer, Freda Liu. With a focus on illuminating the path towards brand elevation, the event shed light on the crucial relationship between modern media and business success.
As the media landscape continues to undergo unprecedented changes, businesses are confronted with the imperative to embrace these shifts to remain competitive. The recent event held at MGCC, headlined by renowned speaker Freda Liu, provided an in-depth exploration of the ways in which media can significantly impact a business’s visibility, reach, credibility, and trust. In an era where digital platforms dominate communication channels, understanding how to leverage media effectively is no longer a choice but a necessity for sustained growth.
Freda Liu, a distinguished voice in the realm of business and media, delved into the intricate facets of brand strategy during her engaging session. Attendees were presented with actionable insights aimed at refining their brand strategy across various dimensions. Liu underscored the pivotal role that strategic marketing, compelling content, an engaging website, and a robust social media presence play in shaping a brand’s identity. By aligning these elements cohesively, businesses can create a powerful and resonating brand narrative that captures the essence of their offerings.
One of the event’s standout highlights was Liu’s exploration of emerging trends in media and their profound implications for brand development. The digital revolution has fundamentally altered the way content is consumed and shared across diverse platforms. Liu emphasized that achieving brand differentiation now hinges not only on reach but also on cultivating an engaged and attentive audience. The dynamics of digital transformation necessitate businesses to meticulously evaluate their content dissemination strategies across platforms and consider the nuanced impact on their brand perception.
In her closing remarks, Freda Liu emphasized the escalating significance of thought leadership in the evolving media landscape. With an astute eye on the future, Liu urged attendees to proactively anticipate the needs of both current and prospective clients. She urged businesses to embrace a visionary approach that positions them as industry authorities, guiding the conversation and shaping perceptions. Liu’s insights echoed the profound truth that in a world brimming with information, brands that offer valuable insights and steer conversations are poised to thrive.
Attendees left the event equipped with a renewed understanding of media’s transformative potential and armed with actionable strategies to propel their brands to new heights.
Based in Petaling Jaya, Selangor, TAPRO is a specialised talent acquisition and training firm with a focus in the education, healthcare, banking & finance and IT industries for Malaysia and the region. Its services include talent acquisition, learning and development, business and marketing consulting and event management.
Name: Tania Perera
Email: tr******@*******om.my
Website: tapro.com.my
by Ferry Bayu | Aug 11, 2023 | Business
Diokno rejects proposed luxury tax hike
MANILA — Department of Finance (DOF) Secretary Benjamin Diokno on Thursday nixed the idea of imposing higher tax on luxury items.
Luxury goods are currently subject to a 20 percent tax.
Responding to questions from Nueva Ecija Rep. Rosanna Ria Vergara during the opening of the 2024 budget deliberations at the House of Representatives, Diokno explained that it is hard to implement and easy to avoid.
“I was wondering, do you have anything on your table that propose like a proportional tax, a luxury tax, a wealth tax? Is that something you would consider?” Vergara asked.
Diokno said the agency had no such proposals.
“When you propose a tax, one nice property of a tax is it should give you a high yield and the administrative cost should be very minimal… For example, if you wanna tax diamond, you’re practically not going to collect anything because that’s easy to hide,” Diokno said.
“Sometimes when you also try to tax a luxury good, people will just go abroad and buy it there… Luxury tax is not part of our proposal at the moment,” he added.
Albay Rep. Joey Salceda earlier raised the possibility of raising tax on jewelry, perfumes, and yachts to 25 percent or 30 percent to increase government revenue.
Marcos earlier said the proposal was “reasonable.”
When asked if the government is considering non-regressive taxes, Diokno revealed they are reviewing the VAT because the government is only collecting less than half of what it is supposed to make from the VAT.
“[VAT here] is one of the highest in this part of the world yet its yield is very low, only 40 percent. We only collect 40 percent of what we’re supposed to collect so we are doing a study on the value added tax which is a nice tax to make it more effective and more high yielding,” Diokno said.
Diokno also defended the VAT in terms of being pro-poor.
“I think our value added tax is one of the best in terms of being pro-poor because we do not tax food in its original state, in other countries it’s also being taxed,” Diokno said.
by Ferry Bayu | Aug 10, 2023 | Business
Singtel begins construction of Singapore’s highest power density, hyper-connected green data centre
Singapore, 8 August 2023 – Singtel has commenced the construction of DC Tuas, Singapore’s highest power density, hyper-connected green data centre, following a groundbreaking ceremony today with Guest-of-Honour Infocomm Media Development Authority’s (IMDA) Chief Executive Mr Lew Chuen Hong.
Mr Lew said “Congratulations to Singtel on the groundbreaking of DC Tuas. It is encouraging to see companies such as Singtel invest in our digital infrastructure. IMDA will continue to work with the industry to architect a sustainable digital ecosystem that is internationally connected, to serve the long-term demands of Singapore’s digital future.”
When operational in 2025, DC Tuas will offer 58MW of IT load capacity to support the strong demand for high-quality, sustainable digital infrastructure while optimising land, power and water use. The 120,000sqft, eight-storey facility is Singapore’s only data centre to be integrated with a cable landing station, providing its customers unparalleled international and domestic connectivity and enhanced network performance including lower latency and improved reliability.
DC Tuas is Singtel’s largest data centre in Singapore to date and will support the Group’s decarbonisation goals with its low power utilisation effectiveness (PUE). DC Tuas will incorporate next-generation cooling capabilities that are able to support customers’ rack density of up to 80kW per rack with more efficient liquid cooling, thus lowering its PUE to below 1.3.
“DC Tuas is based on Singtel’s fourth generation design with the highest power density, and hyper-connected with a number of international submarine cables connected directly to it. ”
Bill Chang,CEO, Digital InfraCo,Singtel
Mr Bill Chang, CEO of Singtel’s Digital InfraCo said, “DC Tuas is based on Singtel’s fourth generation design with the highest power density, and hyper-connected with a number of international submarine cables connected directly to it. This will be an important addition that will strengthen Singapore’s digital infrastructure and position the country as a key business and connectivity hub. It is also a key milestone for our new standalone digital infrastructure business to capture the significant demand for cloud services and the rapid rise of AI adoption in the region. With DC Tuas, we have leveraged our expertise and experience in designing, building and operating data centres to offer a differentiated value proposition to customers – a carrier-neutral advanced facility with access to exceptional connectivity and security. Singapore is integral to our regional data centre strategy and we look forward to continue supporting the country’s ambition to be a sustainable, global digital hub.”
Singtel currently provides 60MW of DC capacity in Singapore. The total capacity will grow to 118MW when DC Tuas is operational in 2025. Ahead of its construction, DC Tuas has already received interest from customers including hyperscalers, multinational and regional corporates, and Singapore enterprises.
In addition to its data centres in Singapore, Singtel has partnered Telkom and Medco Power in Indonesia, and GULF and AIS in Thailand, to build data centres in Batam and Bangkok respectively.
Singtel is Asia’s leading communications technology group, operating in one of the world’s fastest growing and most dynamic regions. We provide an extensive range of digital and telecommunication services to consumers and businesses.
ne******@*****el.com
Singtel Group Strategic Communications and Brand, 31 Exeter Road, Comcentre #19-00, Singapore 239732
by Ferry Bayu | Aug 10, 2023 | Business
AECA Solutions Sets Up Singapore Base
Malaysian Geospatial Intelligence Technology Company, AECA Solutions Establishes AECA Technologies Pte. Ltd. In Singapore
AECA Solutions is now
a part of Singapore’s Geospatial ecosystem with the establishment of AECA
Technologies Pte. Ltd. in Singapore.
One of the reasons
AECA has chosen Singapore as another site to base out of is that the country is
at the epicenter of international business activity in the Asia Pacific region.
Location is pivotal.
Malaysia and Singapore are at the center of an emerging market.
Economic forecasts
predict that Southeast Asia is likely to remain one of the fastest-growing
regions for years to come.
CEO of AECA Solutions,
Tengku Erina Tengku Nasrudin spoke about the strategy behind AECA setting up
office in Singapore, “Singapore is leading Geospatial initiatives in this
region. We chose to build our presence here in Singapore as part of a larger
strategic growth plan, and to make full use of the support by local agencies such
as GeoWorks by Singapore Land Authority and Singapore Business Federation in
line with their Smart Nation initiatives.”
In addition, Singapore
is attracting global technology, talent and investment because of its safe and
stable environment as well as a regulatory framework that is favourable to
technology companies and entrepreneurs.
Based on the country
ranking of the Geospatial Knowledge Infrastructure (GKI) Readiness Index 2022
by Geospatial World and the United Nations Statistics Division, Singapore is
ranked number 8.
With AECA’s presence
and participation in Singapore’s more advanced Geospatial arena, AECA aspires
to contribute in boosting Malaysia’s ranks in terms of GKI readiness by taking
advantage of the benefits of being a part of Asia’s most geospatial-ready
country.
AECA Solutions Sdn. Bhd. is a Geospatial Intelligence Technology Company featuring superior equipment and solutions.
Steadily expanding and crossing borders to provide need-based UAV solutions, this Malaysian
company is redesigning its local drone industry by making drone technology accessible and
affordable to all industries nationwide. Prioritising quality and integrity, AECA’s team has been a
key driver of UAV services in Precision Agriculture and Survey-Grade Aerial Mapping.
Dina Nawawi
(Public Relations Officer, AECA Solutions)
di**@************ns.com
by Ferry Bayu | Aug 10, 2023 | Business
US-ASEAN Business Council Commits More Investments In PH
The United States (US) – Association of Southeast Asian Nations (ASEAN) Business Council, the largest American business contingent, pledged to pursue more investments in the Philippines.
The commitment was made when the members of the US-ASEAN Business Council paid a courtesy call to President Ferdinand R. Marcos Jr. at the President’s Hall of Malacañan Palace in Manila on Wednesday.
During the meeting, US-ASEAN Business Council president and chief executive officer Ted Osius said the members of the non-profit organization are looking forward to deepening their engagements with the Marcos administration and creating more partnerships with the Philippine businesses.
“We’re very much focused and you highlight these themes on sustainable development, transformative digitalization, innovative healthcare solutions, supply chain resilience, and ease of doing business,” Osius told Marcos.
“We are determined that we come here not just to talk but also to bring a lot of action to create real partnerships and to show our commitment in the form of investments,” he added.
Osius, a retired US ambassador, was joined by representatives of 30 companies, the largest delegation to visit the Philippines in the 40-year history of US-ASEAN Business Council.
He said the number of the delegation visiting the Philippines signifies the organization members’ interest in the country’s strong growth and stable macroeconomic fundamentals; the young and competent Filipino workforce; and the Marcos administration’s receptiveness to foreign investments and sustainable approach to sustain economic development.
Citing Marcos’ commitment to put a premium on industries such as infrastructure, agriculture, clean energy, green metals and semiconductors, Osius said American companies have expressed readiness to back the Philippine development efforts.
Marcos acknowledged the council’s crucial role in the Philippine development and hoped that alliances, partnerships, and arrangements with its members would be sustained.
He said the meeting with the US-ASEAN Business Council is significant in discussing concrete steps in upholding socioeconomic cooperation, including the sectors of agriculture, clean energy, infrastructure, climate change, digital connectivity and post pandemic recovery.
“I recognize the critical role that the United States and American businesses have played in advancing a robust and inclusive economic growth in the Philippines, not only in this period but for a very long time now,” Marcos said.
Marcos also assured the council of concrete steps that he and US President Joe Biden have identified to make the two countries’ alliance and partnership “relevant and responsive to the current emerging challenges in the defense, security and economic spheres.”
“I invite the members of the esteemed Council to continue being valuable partners of the Philippines. Let us push for greater economic engagement between our two countries, for our mutual benefit, for the prosperity, especially of the region,” he said.
Osius also stressed the importance of the country’s participation in the Indo-Pacific Economic Framework, as well as in the Asia-Pacific Economic Cooperation (APEC).
“The view in Washington is that the Philippines has been an incredible partner in this process, especially the supply chain. [The] Indo-Pacific Economic Framework and the US is looking for continued Philippine leadership on Pillar 3 which is focused on clean energy, decarbonization, and infrastructure, and Pillar 4, tax and any corruption,” Osius said, adding US companies welcome a transparent predictable business environment in the context of Pillar 4.
The US-ASEAN Business Council is a non-profit organization established in 1984 that conducts research and analysis in the ASEAN member states in terms of economic, financial, political, social and environmental conditions.
Worldwide, the council’s membership of over 175 companies generates almost USD7 trillion in revenue and employs more than 14.5 million people.
The council is the only American organization formally recognized in the ASEAN Charter and meets annually with the Finance, Trade, and Energy Ministers at their annual meetings.
To date, its members include the largest US companies conducting business in ASEAN and range from newcomers to the region to firms that have been working in Southeast Asia for more than 100 years. (PNA)
Jakarta, August 11, 2023 — RevComm is pleased to announce the latest breakthrough in the world of business communication. By combining artificial intelligence (AI) with voice emotion recognition capabilities, RevComm introduces an innovative feature that enables users to identify human emotions in phone conversations and online meetings using MiiTel.
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