NEW YORK CITY (via PLDT) – President Benigno S. Aquino III has expressed excitement over renewed interest by potential investors on the Philippine coconut, a Palace official said on Monday here. Presidential Communications and Strategic Planning Office Secretary Ramon Carandang said that the President was in good spirits after a soft drink manufacturer as well as a Filipino and American company expressed their intent to invest on harvesting the natural and medicinal properties of coconut water and selling it around the world. In separate courtesy calls at the Guggenheim Room of the Omni Berkshire Hotel here, soft drink giant Pepsi Corporation (PepsiCo), American beverage company Vita Coco and Filipino based Fiesta Coco Equity told the President of its respective investment plans for the Philippine coconut. Carandang said that PepsiCo, Vita Coco and Fiesta Coco Equity were aware of the growing demand for coconut water in the United States and other countries as an alternative to carbonated sodas. He said consumers were turning to healthier means to hydrate themselves after working out or just quench everyday thirst from normal activities. Because of this, Carandang said that these companies were turning to coconut-rich countries as sources for their individual products. “So these companies want to source the demand for coconut water from the Philippines. So malaking opportunity ito for our coconut industry and for our farmers,” Carandang said. Carandang added that although PepsiCo did not throw out any numbers during the courtesy call, the company is serious in its plans to expand its coconut harvesting operations in the Philippines because of its “huge potential.” In a separate interview, Vita Coco co-founder and CEO Michael Kirben and Fiesta Coco Equity (FCE) president Romeo Chan said that they had just signed an agreement to increase the production and harvesting of coconut water. Chan said that FCE, which has coconut plantation in Misamis Occidental, has pledged to supply the demand of Vita Coco.
The duo said that they had told the President of their company’s pledge to invest $15-million over the next four years not only to harvest coconut water but to do its part in preserving the resource by planting more coconut trees in the country. “Generally we discussed the coconut industry in the Philippines and how there’s a lot of room to bring rebirth to the industry in general,” Kirben said. “We expressed a lot of interest in the planting of coconut trees to revive the coconut industry because we noticed that a lot of the trees are senile and old,” Chan added. Carandang meanwhile said the President was excited over the new investment prospects as these would help in his government’s poverty alleviation campaign through job generation. “It (investment) is something rural communities can benefit from so it dovetails with the President’s anti-poverty through job generation campaign,” Carandang said. “Kaya nga masaya siya eh…excited siya, excited si Presidente,” he added. (PCOO) . BPO company chooses PHL as ‘model’ of higher end call center work | | NEW YORK CITY (via PLDT) – A leading business process outsourcing company has chosen the Philippines as one of its “model centers” that will supply the growing demand for highly trained and skilled workers to cater to clients with “higher end” needs. Bill Bloom, executive vice president of EXL Services, a leading provider of outsourcing and transformation services to Global 1000 companies in multiple industries, called on President Benigno S. Aquino III Monday at the Guggenheim room of the Omni Berkshire hotel here to tell the Chief Executive of their company’s growth and expansion programs in Manila. He said that his company has a growing base of clients who need higher end services than traditional call center work. Called “middle office,” this type of higher end services caters to work needed by professionals in health and business fields. “So that would include work that is typically provided to physicians, nurses or lawyers or accountants and we’re building models such that we can offer those services to our clients here in the US from our centers in the Philippines,” Bloom said. (PCOO) . Aquino’s economic team to meet with three international credit rating agencies | | NEW YORK CITY: Members of President Benigno S. Aquino III’s economic team will meet with three international credit rating agencies here in the United States, a Malacanang official said. Presidential Communications Development and Strategic Planning Office Secretary Ricky Carandang said some members of the economic team who accompanied the President during this trip will be staying behind to meet with the rating firms. “Pagkauwi namin ni Pangulong Aquino, ang iba sa economic team ay maiiwan dito para makipagpulong sa mga rating agencies,” Carandang said during an interview after the conferment rites at Fordham University. The secretary said that the Philippine economic team sought the meeting with the international credit rating firms. He added that the meeting seeks to ask the rating agencies to take a "second look" at the Philippines’ sovereign credit rating. “I think it’s to make the case that our fiscal management right now probably deserves a second look as far as ratings are concerned. They have some concerns about the sustainability of our spending programs,” he said. He said he expects the meeting between the economic team and the credit rating firms will "help explain our plans for sustaining the spending programs that we have,” he added. “So yung may mga tanong kung papano ipagpapatuloy ito na hindi naman masyadong lalaki ang utang natin,” the secretary said, "sasabihin natin sa kanila pag tiningnan iyong nagawa na natin at ang plano natin moving forward ay baka puwedeng magkaroon ng mas mataas na rating ang Pilipinas,” he added. The credit ratings awarded to the Philippines by Standard & Poor’s, Moody’s Investors’ Service, and Fitch Ratings were all below investment grade. (PCOO) . President Aquino attends launching of Open Government Partnership in New York City | | NEW YORK CITY: President Benigno S. Aquino III will attend the launching of the Open Government Partnership (OGP) on Tuesday here to underscore his administration’s commitment to good governance and anti-corruption. President Aquino has accepted the invitation of US President Barack Obama and Brazil President Dilma Rousseff, co-chairs of the OGP, to join the official launch of the OGP here in New York on Tuesday. The Philippines is one of only two countries from Asia invited to become a member of the Steering Committee of OGP. Other members are the United States, Brazil, United Kingdom, Indonesia, Mexico, Norway and South Africa. Philippine Ambassador to the United States Jose Cuisia said that the inclusion of the Philippines to the Steering Committee is due to President Aquino’s commitment to good governance and anti-corruption. “The Philippines has been selected because of President Aquino’s commitment to good governance and his determination to fight corruption in order to be able to create more jobs for Filipinos and eventually, of course, reduce poverty,” he said. “The fact that we were selected is, I think, very significant. It recognizes the efforts of President Aquino and, of course, his Cabinet in promoting accountability, transparency and accountability and good governance practices,” he said during an interview. Open Government Partnership is a new multilateral initiative that aims to promote transparency, empower citizens, fight corruption, and harness new technologies to strengthen governance. According to the Department of Foreign Affairs, the members of the Steering Committee were selected based on the following criteria: Fiscal Transparency, Access to Information, Disclosures Related to Elected Officials and Citizen Engagement. “Each country will submit an action plan and our action plan is focused on improving public services, increasing public integrity and more effective use of public resources. So those are the three main points in that action plan,” Cuisia said. The ambassador said about 40 other countries will be joining the launching of the OGP on Tuesday but only the members of the Steering Committee, including the Philippines, will be speaking during the official launch. (PCOO) . President Aquino addresses Open Governance Forum in New York City | | NEW YORK CITY: President Benigno S. Aquino III will keynote an Open Governance forum on the second day of his official visit to the United States of America slated from September 18 to 21. The Chief Executive will deliver a keynote speech Tuesday morning here at an OGP-related forum called “The Power Open: A Global Discussion.” He is the only head of state invited to address this forum to be held at Google's New York office. The forum is an all-day multi-stakeholder conversation focused on the role of openness in improving responsiveness, fostering accountability, creating efficiency, fighting corruption, and similar themes. After his speaking engagement, President Aquino will meet with the top executives of IBM. He will also attend the formal launching of the OGP, co-chaired by US President Barack Obama and Brazil President Dilma Rousseff. The Philippines is one of only two countries from Asia invited to become a member of the Steering Committee of OGP. Other members of the Committee are the United States, Brazil, United Kingdom, Indonesia, Mexico, Norway and South Africa. On the same day, the President will meet with the Foreign Minister of Norway. He will also be speaking about his administration’s domestic and foreign policy thrusts before the Asia Society. The Asia Society is an organization founded in 1956 by John D. Rockefeller III to promote greater knowledge of Asia in the US. The Society has offices throughout the US and Asia. (PCOO) . |
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