Secretary of Trade and Industry Peter B. Favila of Philippines
resources, and general management.
FAVILA was appointed Trade and Industry Secretary by H.
Secretary Favila has over three decades of experience in the management of financial institutions covering investment and merchant banking, treasury and trading, credit, operations, human resources, and general management.
Secretary Favila had a distinguished management and banking career.
Favila said he has urged trade ministers and colleagues to push for more market access for developing countries as well as significant cuts in the export and domestic subsidies of rich countries during the World Trade Organization (WTO) meet in Hong Kong in December.
Favila is Consultant of Bankers Association of the Philippines.
Favila said Philippine cities and municipalities could attract more investments and generate more jobs if business processes are clear and stream-lined.
Favila said National Government agencies and local government units (LGUs) should work closely to attract more business to the countryside.
Favila said that a hedge facility, which was pushed in June, is “somewhat not enough” for the sectors hardest hit by the strong peso.
Favila has directed the regional operations group to be more vigilant in guarding against unscrupulous traders and retailers who may take advantage of the Christmas season and raise the prices of prime commodities and popular Noche Buena foods such as ham, milk, cheese and pasta.
On the contentious issue of transboundary movement of toxic waste, which inclusion in the JPEPA had caused an uproar locally, Philippine Trade Secretary Peter B Favila said it is likely that the same provision would be carried in the Japan-ASEAN trade deal.
Favila said both parties are ironing out the modalities.
Favila said countries have already came up with initial offers encompassing 95 percent of their tariff lines to kick off negotiations on the first chapter of the FTA.
On the contentious issue of transboundary movement of toxic waste, which inclusion in the JPEPA had caused an uproar locally, Favila said it is likely that the same provision would be carried in the Japan-ASEAN trade deal.
Favila said the proposed Free Trade Agreement (FTA) between the Philippines and the US is not in the agenda of President Gloria Arroyos state visit to the US.
Favila said there is nothing yet in the Presidents US trip agenda that deals on the business aspect.
On the Saudi trip, Favila said there is no business deal or meeting.
Favila said after meeting local flour millers, importers, and bakers.
Roxas boulevard to save on rental costs.
sector contractor to build the headquarters.
identified by the cement companies as their creditors.
of Automotive Manufacturers of the Philippines Inc.
review but the industry is always consulted.
long-term competitiveness of the automotive industry.
projects that will qualify for government incentives.
Favila was Chairman of the ABA from 1996 to 1998.
Favila was president of Security Bank Corp.
Favila said the recent increase in pump petroleum products in gasoline stations should not push prices of commodities upwards.
Favila said that Tokyo Commercial Attache Mauino Haresco reported that SMMC has cited the country?s proximity to Japan, lower costs of raw materials, reliability of supply, and growing global demand as the critical factors in expanding its operations in Palawan.
Favila is urging the countrys information and communications technology (ICT) sector to upgrade their skills from mere call centers to the more sophisticated and value-added business processing, software development, animation and legal and medical research outsourcing.
Favila said the Philippine Economic Zone Authority (PEZA) is already studying options for the new zone locations.
Favila has again reminded the public to be vigilant and buy only cement with the Philippine Standard (PS)or Import Commodity Clearance (ICC) mark to ensure safe and quality construction works this summer season.