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Ant Group call on PCG, PTIC on further growing PH’s FinTech and Innovation Ecosystem

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SHANGHAI, 7 July 2022 – Officials of Chinese financial technology (fintech) giant Ant Group Co. Ltd. visited the Consulate General on 5 July to outline its business ventures and philanthropic activities in the Philippines, and explore opportunities for collaboration.

A subsidiary of the Alibaba Group, the Ant Group develops and owns online payment platforms, most notably Alipay, currently the world’s largest such service. The company also actively supports the digital transformation of the service industry, with focus on supporting access by consumers and MSMEs to finance, technology and other services.

Mr. Jason PAU and Mr. ZHĀNG Yīnfān, Senior Director and Director, respectively, for International Public Policy and Government Affairs, were received by Consul General Josel F. Ignacio and PTIC-Shanghai head Vice Consul Mario C. Tani.

Ant reported on its four-year-old “10x1000 Tech for Inclusion” program with the International Finance Corporation. The program, which trains 1,000 emerging market digital technology leaders and talents yearly, counts 126 Filipino among its alumni to date.

Ant provided an overview of its support for Philippine startups. The company has a stake in fintech company Mynt, owner of GCash and the country’s first unicorn. It also has a partnership with FinTech Alliance.ph to advance digital skills, commerce and services.

CG Ignacio thanked Ant for its “well placed confidence in the Philippines” with its fast expanding e-commerce landscape, deep pool of talent, and supportive government policies. E-commerce is targeted to contribute up to 11.4% of GDP by 2022 and 26% by 2030.

VC Tani briefed Ant, in turn, on the startup and innovation ecosystem in the Philippines. He assured Ant of support in linking up with PH e-commerce policymakers in PH. Both sides committed to continued consultations and exchanges. END

Marriage Banns: Mr. July Torres Valencia Jr. and Ms. Christine Joy Dela Cruz Dimatulac

DImatulac Valencia

Filipinos affected by Shanghai lockdown receive grocery vouchers

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Shanghai, 16 June – As recovery assistance for OFWs most affected by the two-month total lockdown in Shanghai, the Philippine Consulate General (PCG) began distribution on 14 June of grocery vouchers to Filipinos who registered for such aid.

Verified members of the Overseas Workers Welfare Administration (OWWA) each received grocery vouchers worth RMB 1,334 (USD 200). Meanwhile, non-OWWA members each received vouchers worth RMB 700 under Welfare Assistance extended by the Department of Foreign Affairs (DFA).

Over 400 beneficiaries have claimed their vouchers, to date. Consul General Josel F. Ignacio and other PCG officials were on hand to greet and assist recipients. Many of the beneficiaries expressed their sincere appreciation to OWWA, DFA and PCG for this assistance.

vouchers2 Registered beneficiaries may claim their cards at the PCG daily, including weekends, for the entire month of June. From July onwards, the cards may be claimed during regular office hours. The list of beneficiaries is available online at the PCG’s website (shanghaipcg.dfa.gov.ph).

The voucher distribution represents the latest lockdown-related assistance to Filipinos in the city. On 7-9 May and again on 22-24 May, the PCG arranged the delivery of emergency food packs to 247 and 288 Filipinos, respectively.

Shanghai went on partial lockdown on 28 March, and entered full lockdown on 1 April in response to a COVID-19 surge. After clearing communities of cases and putting transmissions under control, city authorities restored the movement of people, transportation and limited business operations on 1 June. END

TNK Webinar plants seeds of Agribusiness entrepreneurship among Shanghai Filipinos

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Shanghai – Over a hundred overseas Filipinos in Shanghai and surrounding provinces gained crucial know-how on diving into agribusiness in the Philippines during the Trabaho, Negosyo, Kabuhayan (TNK) webinar on June 11.

The Webinar is the second of the TNK series co-organized by the Philippine Trade and Investment Center-Shanghai (PTIC) and with local Filipino organization The Filipino Teachers in Shanghai (TFT).

Featured resource speakers from the Department of Agriculture (DA) were Philippine Agricultural Counsellor in China Ana GM B. Abejuela, Executive Director Jocelyn Alma R. Badiola, OIC Assistant Director Antonieta J. Arceo and Supervising Agriculturist Ludivina Rueda.

The Webinar covered key topics for prospective and budding agribusiness entrepreneurs. DA’s experts provided profile of the Philippine agribusiness sector and shared tips on starting an agribusiness enterprise. A rundown of specific investment windows followed, covering Philippine export champions, the agribusiness value chain and specific priority commodities.

Participating OFWs also welcomed the briefing on the DA’s various training programs, e-courses, learning sites and extension services in the Philippines, as well as credit facilities such as the Agrinegosyo (ANYO) for OFWs keen on venturing into the sector.

Opening the webinar, Consul General Josel F. Ignacio urged participants to consider becoming overseas Filipino investors (OFI) in agriculture, a key pillar of the Philippines’ growth strategy. Closing the event, Philippine Trade and Investment Center Vice Consul Mario C. Tani underscored the value of agricultural and agribusiness investments in underpinning Philippine food security amidst pandemics, climate change and economic upheavals. END