Wednesday, June 29, 2022
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home News Top Stories

Duterte visit yields $83 million worth of Israeli deals

Manila StandardbyManila Standard
September 6, 2018, 1:15 am
in Top Stories
Reading Time: 3 mins read
A A
72
SHARES
Share on FacebookShare on TwitterShare on Email

By pushing to boost the economic partnerships with non-traditional trading partners like Israel, the Philippine government identified several business “complementarities” that resulted in investment pledges, business collaborations and intentions during President Rodrigo Duterte’s visit on Sept. 2 to 5, Malacañang said Wednesday. “©

This strategy to continuously open investments and employment opportunities from non-traditional trading partners had resulted in securing $82.9 million worth of investments from Israel, the Palace said. 

It made the statement even as Duterte praised the disaster response and rehabilitation presentation and viewing of Israel’s equipment on Tuesday, saying he was inspired to replicate it in the Philippines.

The Magen David Adom is Israel’s national organization responsible for the emergency, disaster response, pre-hospital care, and blood services, an equivalent of a Red Cross organization.

During MDA’s demonstration, Duterte said having technologies similar to Israel would be beneficial to the Philippines, especially in times of disaster like terrorist attacks.

ADVERTISEMENT

Malacañang said the agreements securing the investments were presented to Duterte on Sept. 4.”© 

“The Philippines is committed to pursue several growth opportunities by strengthening partnerships with emerging economic partners like Israel. Our engagement with them allows us to reinvigorate ties and increase trade between our countries,” Trade Secretary Ramon Lopez said. “©”©

The business agreements signed consist of three Memorandums of Agreement, 11 Memorandums of Understanding and seven Letters of Intent. 

These cover the joint venture agreement between Century Properties Inc. and Globe Invest Ltd. for advanced energy optimization management; agriculture and urban farming; prefabricated housing; water desalination and master-planned real estate development projects. 

“©Armscor Global Defense Inc. and EMTAN Karmiel Ltd. had a technological agreement to create a local manufacturing facility for weapons under the license from the latter. 

The MOU covers the transfer of know-how in weapons manufacturing. 

Stone of David Corp. and Gaia Automotive Industries Ltd. signed an agreement to promote tactical vehicles. 

Stone of David also inked a deal with MCTECH RF Technologies Ltd. for military and intelligence products and hardware development. 

“©Century Pacific Food Inc. and Kvuzat Yavne had an MOU on the distributorship of canned tuna products for the Century brand within Israel and the Palestinian Authority. “©”©Other MOUs cover collaborations to explore opportunities on security, intelligence data mining, and information technology. 

The provision of additional ships and vessels to service the Philippines was also included.

Promotion of an all-water route between Port of Subic Bay and Eilat Port was also agreed upon to support trade and investments as well as develop linkages for micro, small and medium enterprises. MSME cooperation through alliances will also be established to identify business and trade opportunities.”©”©

Meanwhile, business intentions from Israeli companies include operation expansions in software and systems development, tourism development, food technology, agriculture, and wastewater treatment projects. There were also intentions to explore opportunities in manufacturing small arms and ammunition.  “©”©

The Cagayan Economic Zone Authority had an LOI from FoodLab Capital, which covers the building of a FoodTech Acceleration Center within the Cagayan Special Economic Zone and Freeport to service the food industry locators of Ceza.  

Secretary Raul Lambino of Ceza joined the signing ceremonies. There were also intentions from Assuta Medical Center and I-DEA Ventures Group Inc. to build a medical facility within the area to service the medical needs of locators.”©”©

The Philippines’ business delegation to Israel consisted of representatives from Integrated Computer Systems Inc., AMA Education System, Le Soleil Shipping Agencies, Inc., KEREM IT Solutions, Amdocs Philippines Ltd., Rayo Illuminar Corp., Philippine Center For Entrepreneurship Foundation — Go Negosyo, Philippine Chamber of Commerce and Industry, and Subic Bay Metropolitan Authority.”©”©

The Israeli companies present during the signing included Verint Systems Ltd., Jerusalem Chamber of Commerce, Eilat Port Company Ltd., HackerU, ZIM Integrated Shipping Services Ltd., EMTAN Karmiel Ltd., Carbyne Ltd., SuperCom, Silver Shadow Advanced Security Systems, TrueLogic Online Solutions, Inc., MIMA TECH, FlyEast, Federation of Israeli Chambers of Commerce and Israel-Philippines Chamber of Commerce.”©”© With PNA

Tags: economic partnershipsMagen David AdomPresident Rodrigo DuterteSecretary Ramon Lopez
ADVERTISEMENT
Manila Standard

Manila Standard

Related Posts

Last DQ case vs. BBM junked

byRey E. Requejo
June 29, 2022, 1:00 am
0
226
Thieves take toilet valves from 8 airport restrooms

High Court ruling clears way for Marcos inauguration on Thursday The Supreme Court on Tuesday voted 13-0 to dismiss the...

Read more

China VP Wang to represent Xi in inaugural rite

byRey E. Requejoand2 others
June 29, 2022, 12:55 am
0
194
China VP Wang to represent Xi in inaugural rite

Chinese Vice President Wang Qishan will attend the inauguration of President-elect Ferdinand Marcos Jr. on Thursday at the National Museum...

Read more

NICA chief: Senate agri smuggling list not from us

byJoel E. Zurbanoand1 others
June 29, 2022, 12:50 am
0
276
Proving that women can: How Gladys Basinillo climbed the corporate ladder

The names of 22 suspected smugglers of agricultural goods and their protectors mentioned in the report of the Senate Committee...

Read more

NCR under Alert Level 1 ‘til July 15; cases still going up

byVito Barceloand1 others
June 29, 2022, 12:45 am
0
180
Department of Disaster Resilience

Metro Manila will remain under Alert Level 1 from July 1 to 15, despite the rise of COVID-19 cases, the...

Read more

P85M in smuggled poultry from China blocked

byJoel E. Zurbano
June 29, 2022, 12:40 am
0
201
Agents seize shipment of ‘ecstacy’ worth P4.1M in NAIA

Government agents assigned at the Manila North Harbor have seized P85 million worth of frozen poultry products illegally imported from...

Read more

Rody signs law that clamps down on suspected human traffickers

byVito Barcelo
June 29, 2022, 12:35 am
0
169
Comelec to form task force to probe vote-buying

President Rodrigo Duterte has signed a law mandating government agencies to investigate and conduct intelligence gathering and surveillance on suspected...

Read more

Stories you may like

  • Ex-Naga dad links Leni’s brother-in-law to illegal drugs

    Ex-Naga dad links Leni’s brother-in-law to illegal drugs

    36782 shares
    Share 14713 Tweet 9196
  • Of course, it was BBM’s project

    30890 shares
    Share 12356 Tweet 7723
  • INC endorses BBM, Sara

    28808 shares
    Share 11523 Tweet 7202
  • Duterte’s seven biggest achievements

    22023 shares
    Share 8809 Tweet 5506
  • Marcos leads SWS survey on presidentiables at 50%

    13584 shares
    Share 5434 Tweet 3396

Print Edition

View More

Recent Posts

  • GLOBAL-ESTATE RESORTS, INC.: Notice of the Annual Stockholders’ Meeting
  • Last DQ case vs. BBM junked
  • China VP Wang to represent Xi in inaugural rite
  • NICA chief: Senate agri smuggling list not from us
  • NCR under Alert Level 1 ‘til July 15; cases still going up
  • P85M in smuggled poultry from China blocked
  • Rody signs law that clamps down on suspected human traffickers
  • Restored church

Advertisement

Latest News

P85M in smuggled poultry from China blocked

byJoel E. Zurbano
June 29, 2022, 12:40 am
0
201
Agents seize shipment of ‘ecstacy’ worth P4.1M in NAIA

Government agents assigned at the Manila North Harbor have seized P85 million worth of frozen poultry products illegally imported from...

Read more

Rody signs law that clamps down on suspected human traffickers

byVito Barcelo
June 29, 2022, 12:35 am
0
169
Comelec to form task force to probe vote-buying

President Rodrigo Duterte has signed a law mandating government agencies to investigate and conduct intelligence gathering and surveillance on suspected...

Read more

Restored church

byJoey O. Razon
June 29, 2022, 12:33 am
0
135
Thieves take toilet valves from 8 airport restrooms

Spanish Ambassador to the Philippines Jorge Moragas (5th from left, 2nd row, and inset) joins a group from the Escuela...

Read more

Thieves take toilet valves from 8 airport restrooms

byManila Standard
June 29, 2022, 12:30 am
0
218
Thieves take toilet valves from 8 airport restrooms

Now this is a real “Flush Report.” WHERE’D IT GO? In this screen grab from a News 5 television report,...

Read more

PH to keep fixing BRP Sierra Madre

byManila Standard
June 29, 2022, 12:25 am
0
215
YEAR IN REVIEW: Top news in 2021

China cannot stop the Philippines from fixing parts of the BRP Sierra Madre, the dilapidated Philippine Navy ship at the...

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Technology
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • MS ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Gallery
    • Photos
    • Videos
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Pets
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App