Mobile Alerts  Newsletter  Archives  About Us  Advertise with Us Twitter GMANews.TV Facebook GMANews.TV RSS GMANews.TV
Business

RP promotes creative industries to take advantage of global trend

MANILA, Philippines - The Philippines is set to promote its creative industries—which include fashion and audio-visual design—to nurture the sector that comprises nearly five percent of the economy and employs more than 10 percent of the labor force.

Local creative industries—covering entities involved in industrial design, multimedia, handicrafts, culinary and performing arts—will be given emphasis in activities undertaken by the Center for International Trade Expositions and Missions (Citem) this year.

Citem, which promotes Philippine exports, will launch its international campaign for the creative industry at the e-Services Global Sourcing Conference and Exhibition on February 9 and 10 in Manila.

The agency, which is subsumed under the Department of Trade and Industry (DTI), is also encouraging small businesses to develop creative content and participate in the e-Services Awards 2009, an annual competition for innovators in information and communication technology (ICT) and business process outsourcing (BPO).

These efforts aim to take advantage of the worldwide trend in which companies enhance their intellectual property (IP) value chain, Ma. Lourdes D. Mediran, officer-in-charge of Citem, said.

“The Philippine creative industry cuts across all creative, high-value, intellectual property industries such as ICT [information and communications technology] and design to name a few. We recognize the strategic importance of helping the small players in the creative industry sector in creating more jobs for the country," she said.

Creative industries “have their origin in individual creativity, skills, and talent and which have a potential for wealth creation and job creation through the generation and exploitation of intellectual property," Citem said.

The Philippines’ creative industries contributed 4.92 percent to the gross domestic product (GDP) and employed 11.1 percent of the labor force in 2005, according to a United Nations Development Program report.

Besides being considered as the second-largest exporter of wicker ware among developing countries, the Philippines was also identified as the fifth-largest in sculpture exports.

Wicker ware and sculpture products sold abroad contributed $95 and $102 million to the country’s export receipts.

The Philippines was also included in a list of the top 10 exporters of visual arts among developing countries in 2005. It exported some $107 million worth of goods in 2005. - GMANews.TV
Other Business stories
Gov't gets to seize Shell imports in P7.3-B tax row
02/09/2010 | 06:27 PM
Pilipinas Shell Petroleum Corp. failed to get an injunction from the Court of Tax Appeals, which on Monday effectively allowed the state to seize the oil firm's import shipments to pay for... More
Indonesia says it’s ‘managing,’ not banning seaweed exports
02/09/2010 | 05:25 PM
Indonesia has denied a plan to ban seaweed exports, saying its growers could meet the demand from Filipino seaweed processors. More
Bidding for Fujimi property lease deferred anew
02/09/2010 | 04:58 PM
The government has again moved the bidding for the lease of its posh real estate property in Fujimi, Japan to March from February. More
NTC warns of inability to monitor telco service
02/09/2010 | 04:10 PM
The National Telecommunications Commission (NTC) on Tuesday warned of deteriorating telecommunication service given its inability to upgrade equipment to properly regulate the industry. More
BIR to run after heirs for payment of estate taxes
02/09/2010 | 03:37 PM
The Bureau of Internal Revenue (BIR) on Tuesday said it would run after the heirs and beneficiaries of dead people to ensure payment of estate or inheritance tax. The National Statistics Office... More
Toyota recalls 437,000 Prius, hybrid units globally
02/09/2010 | 03:31 PM
TOKYO — Toyota says it is recalling about 437,000 Prius and other hybrid vehicles worldwide to fix brake problems — the latest in a string of embarrassing safety lapses at the world's largest... More
Wall Street slide pulls down local share prices
02/09/2010 | 01:48 PM
Wall Street's close below the psychological level of 10,000 points on Monday — the first time in three months — pulled local stock prices to their lowest in more than four months on Tuesday. More
Oil below $72 in Asia amid economy doubts
02/09/2010 | 01:12 PM
SINGAPORE — Oil prices lingered below $72 a barrel Tuesday in Asia as investors remained uncertain about the strength of global economic growth and demand for crude. More
ADVERTISEMENT
PNB doubles profits to P2.2B
2010-02-08 15:55:38
Lucio Tan-led Philippine National Bank (PNB) doubled its net income last year to P2.2 billion due...
Piglet with three eyes and two snouts born in Ilocos Sur
2010-02-08 12:42:41
A healthy piglet with three eyes and two snouts is currently the talk of the town in Narvacan,...
Pagdakip sa 43 health workers sisiyasatin ng Senado
2010-02-09 21:28:52
MANILA – Kahit nakabakasyon ang Kongreso, naghain ng resolusyon si Sen. Pia Cayetano sa...