A Step Toward Corporate Self-Reliance

Home-grown talents to conduct HRD seminars

Nine Bugo and plantation supervisors and 30 cannery managers, supervisors and labor union leaders recently completed trainers' training courses that were conducted to prepare them for a very special role: the role of facilitators in our company's human resource development programs.

The Bugo-Plantation group is the first batch of home-grown trainers who will facilitate team-building seminars for monthly non-supervisory and rank-and-file employees later this year and next year. They were trained by IMPACT, a consultancy group that handled the same type of seminars for our employees in the last three years. The cannery pool of Total Quality Management (TQM) trainers has already conducted two TQM workshops and will handle subsequent ones for cannery employees. They were trained by another consultancy team, the Quality Consultants International, Inc.

Another group of Del Monte middle executives and supervisors from Bugo and the plantation is scheduled to attend the Kepner Tregoe Analytic Trouble Shooting (KT-ATS) trainers' program. They will conduct seminars on problem-solving and decision-making for managers and supervisors.

By tapping its own reserves of home-grown leaders to power its skills training and value-orientation programs, the company hopes to become more self-reliant in the area of human resource management.

Local investor interest in export-related businesses weakened substantially in the third quarter of this year while those of foreigners notably increased, it was learned from the Board of Investments (BOI).

Per data from the business regulatory agency, Filipino investments in export-type ventures amounted to P3,486 billion during August this year, down 61.61% or P5 .59 billion from the P9.080 billion recorded a year ago.

On the other hand, foreign investments totaled P7.720 billion, down 20.44% from P6.410 billion in August last year.

The trend suggests that even in a sector that is currently being touted as the country's way out of economic morass, it is foreign investors who are carrying the ball. This fits very well into what the Aquino government and the Marcos regime before it has been pursuing for years now: the policy of foreign investments as main vehicle of the country's economic development.

Overall, equity investments in export-related businesses reached P 11.206 billion last August. The figure, however, is 27.66% lower than the P15.490 billion which was funneled into the sector last year. This overall decline was most probably due to economic uncertainties.

Export-related investments were used either to set up new companies or expand existing ones in the “with incentive“ category. Incentives given to these BOI-registered firms include income tax holiday; tax and duty-free importation of capital equipment; tax credit on domestic capital equipment; additional deductions for labor expense; access to bonded manufacturing/trading warehouse system; and, exemption from dues and any other export tax, duty, impost and fees.

On sub-sectoral basis, the bulk of equity investments from both local and foreign sources went to export-related manufacturing industry projects, at almost 100% or P10.956 billion of the total. This situation was almost the same as last year when investments in export manufacturing reached P14.68 billion out of the aggregate P15.49 billion from both sources.

This year, Filipino investors contributed 31.04% or P3.40 1 billion to manufacturing industry projects, thinner by 59.81% than last year's ratio of P8.463 billion. On the other hand, foreigners funneled in P7 .56 billion to export manufacturing, up 21 .7 4% from last year's P6.21 billion.

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