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BOI, DTI-10 link local suppliers with NorMin companies
- Source: https://pia.gov.ph/news/articles/1012298
- Saturday, September 8, 2018
- (DTI10/PIA10)
CAGAYAN DE ORO (PIA)--The Board of Investments (BOI), in partnership with the Department of Trade and Industry in Region 10, conducted a region-wide Procurement Matching to link local suppliers with companies.
Nine companies were present to accommodate pre-selected and walk-in suppliers in the business-to-business matching.
DTI-10 Assistant Regional Director Ermedio J. Abang said one of the intentions of the was to realize one of the major advocacies of President Rodrigo Duterte, that is, inclusive growth.
He also said, “Towards developing globally-competitive micro, small, and medium enterprises (MSMEs), three intervention areas are needed: business environment, business capacities, and business opportunities.
Meanwhile, BOI-CdeO Extension’s Chief Lourdes Ellen Kionisala shared the importance of patronizing local products.
“Mao ra gyud ang tumong dinhi: Dili na manguha sa laing nasud. Kay wa ta kabalo, ang ingredients sa paghimo ana, gikan ra gyapun dinhi, atong gi export sa laing nasud, unya kita ra gyapuy gapalit.. Mahal ra pa ba gyud ang atong pagpalit,” she said.
(The ultimate goal of this is for the country not to obtain products from other countries. Because we do not know the ingredients in making such products may come from here. We exported such to other countries and eventually we are also the ones who purchase them. We even purchased them in higher prices)
The participants have to follow three steps for the Procurement Matching.
Suppliers have to register, wait for the cue time to meet the buyers, and confirm by signing the agreements made during the buyer-supplier meeting.
“The delivery of products and the payment of delivered products will happen after the procurement matching.
We are just here to document all your agreements and the business-to-business agreements will be documented through the procurement matching,” BOI-CdeO’s Assistant Division Chief Irwin Jayson Jamaca said.