INTERNATIONAL PROPERTY OFFICE OF THE PHILIPPINES SIGNS MOU WITH KOREAN INTELLECTUAL PROPERTY OFFICE

SEOUL 09 December 2022 – International Property Office of the Philippines (IPOPHIL) Director General Rowel S. Barba was in Seoul for the MOU signing of the Reinforced Cooperation on Intellectual Property with the Korea Intellectual Property Office (KIPO) on 15 November 2022.

 

Through the MOU, IPOPhil will continue to benefit from the capacity building programs of Korea through KIPO such as the Knowledge Sharing Program, IP Consulting Program and IP Officers Nurturing Programs.

 

During his official travel to Seoul, Director General Barba also called on PH Ambassador to Korea Theresa Dizon-De Vega to discuss the MOU signing and Philippine initiatives on Intellectual Property.

 

Joining Director General Barba at the signing ceremony is Philippine Commercial Counsellor Jose Ma. Dinsay.

 

 

Source: Republic of Philippines Department Of Foreign Affairs

FDI Net Inflows at US$626 Million in September 2022; First Three-Quarter Level Reaches US$6.7 Billion

Based on preliminary data, foreign direct investments (FDI) recorded US$626 million net inflows in September 2022, although 7.9 percent lower than the US$680 million net inflows in the same month last year.1,2 The decline in FDI net inflows reflected the decrease in non-residents’ net investments in debt instruments, which more than offset the growth in their net equity capital placements (Figure 1).3

 

 

Source: Bangko Sentral ng Pilipinas (BSP)

MULTICULTURAL STUDENTS RECOGNIZED AT THE KOREA TIMES’ ANNUAL MULTICULTURAL YOUTH AWARDS

SEOUL, 06 December 2022 – Philippine Ambassador to South Korea Ma. Theresa Dizon-De Vega presented awards to notable students during the Korea Times’ 11th Multicultural Youth Awards, held at the Korea Press Center on 05 December 2022 in Seoul. The Korea Times holds the youth awards to recognize and encourage students from multicultural backgrounds towards greater achievements.

At the ceremony, Ambassador De Vega presented awards to high-achieving multicultural high school students Mr. Hong Seok-yeon from the Seoul Information Technology High School and Mr. Kim Kyung-min, a Filipino-Korean student from the Korea Polytechnic Dasom High School. Mr. Kim is set to enter university in 2023 and hoping to major in events management.

The Philippine Embassy in Korea continues to champion the importance of inclusivity and representation of multicultural youth in Korean society. Ambassador Dizon-De Vega encourages multicultural students of Filipino ethnicity to continue to do well in their studies and extracurricular activities.

 

 

 

Source: Republic of Philippines Department Of Foreign Affairs

Japan’s Ispace Launches World’s First Commercial Moon Lander

A Japanese space startup launched a spacecraft to the moon Sunday after several delays, a step toward what would be a first for the nation and for a private company.

 

Ispace Inc’s HAKUTO-R mission took off without incident from Cape Canaveral, Florida, after two postponements caused by inspections of its SpaceX Falcon 9 rocket.

 

More than a hundred people at a viewing party in Tokyo roared in applause when the rocket fired and lifted into the dark skies.

 

“I’m so happy. After repeated delays, it’s good that we had a proper launch today,” said Yuriko Takeda, a 28-year-old worker at an electronics company who joined the gathering.

 

“I have this image of the American flag from the Apollo landing, so while this is just the launch, the fact that it’s a private company going there with a rover is a really meaningful step.”

 

The national space agencies of the United States, Russia and China have achieved soft landings on Earth’s nearest neighbor in the past half century, but no companies have.

 

Mission success would also be a milestone in space cooperation between Japan and the United States at a time when China is becoming increasingly competitive and rides on Russian rockets are no longer available in the wake of Russia’s invasion of Ukraine.

 

It would also cap a space-filled few days for Japan, after billionaire Yusaku Maezawa revealed on Friday the eight crew members he hopes to take on a SpaceX flyby of the moon as soon as next year.

 

The name HAKUTO refers to the white rabbit that lives on the moon in Japanese folklore, in contrast to the Western idea of a man in the moon. The project was a finalist in the Google Lunar XPRIZE before being revived as a commercial venture.

 

Next year is the Year of the Rabbit in the Asian calendar.

 

The craft, assembled in Germany, is expected to land on the moon in late April.

 

The company hopes this will be the first of many deliveries of government and commercial payloads. The ispace craft aims to put a small NASA satellite into lunar orbit to search for water deposits before touching down in the Atlas Crater.

 

The M1 lander will deploy two robotic rovers, a two-wheeled, baseball-sized device from Japan’s JAXA space agency and the four-wheeled Rashid explorer made by the United Arab Emirates.

 

It will also be carrying an experimental solid-state battery made by NGK Spark Plug Co.

 

“The Rashid rover is part of the United Arab Emirates ambitious space program,” said Dubai ruler Sheikh Mohammed bin Rashid al-Maktoum, who is also vice president of the United Arab Emirates and who watched the launch at the Mohammed bin Rashid Space Centre.

 

“Our aim is knowledge transfer and developing our capabilities and to add a scientific imprint in the history of humanity,” he tweeted.

 

Privately funded ispace has a contract with NASA to ferry payloads to the moon from 2025 and is aiming to build a permanently staffed lunar colony by 2040.

 

 

Source: Voice of America

PH EMBASSY EXPLORES EDUCATION COOPERATION WITH UNIVERSITY OF NAIROBI

NAIROBI 09 December 2022 – Philippine Ambassador to Kenya Marie Charlotte G. Tang met with Dr. Patrick Maluki, Chair of the Department of Diplomacy and International Studies (DDIS) of the University of Nairobi (UoN), on 07 December 2022 to discuss possible activities between the Embassy and the University.

Philippine Ambassador Tang cited academic exchanges, through the conduct of guest lectures by visiting Philippine government officials and scholars, and courtesy visits of DDIS students to the Embassy, as some of the ways through which Filipinos and Kenyans can gain better awareness of each other.

Dr. Maluki expressed appreciation for the Embassy’s interest to collaborate with the DDIS and emphasized how diplomats and practitioners can enrich the students’ appreciation of the field of International Relations by providinf them with a glimpse of their possible careers after graduation.

Ambassador Tang also met with Prof. Maria Nzomo, a longtime professor at the DDIS and former Kenyan Ambassador and Permanent Representative to the UN and the World Trade Organization (WTO) in Geneva.

The DDIS started in 1973 as the Diplomacy Training Program (DTP) for Kenyan and other African diplomats, and has grown into a Department that offers undergraduate and graduate degree programs, with a student population of over 1,500. It also conducts courses on diplomacy and international relations for institutions such as the National Defence College of Kenya and the East African Legislature, and maintains strong linkages with the Kenyan Ministry of Foreign and Diaspora Affairs.

 

 

 

Source: Republic of Philippines Department Of Foreign Affairs

BSP Honors Stakeholder Contributions in 2022

​The Bangko Sentral ng Pilipinas (BSP) recognized 13 partner institutions from the National Capital Region and South Luzon during the “2022 Outstanding BSP Stakeholders Appreciation Ceremonies” held this week at the central bank’s head office in Manila. Since its inception in 2004, the ceremonies have been an avenue for the BSP to honor its partners in crafting policies and delivering programs for the Filipino people.

 

The central bank honored organizations and industry associations that have provided outstanding contributions to the achievement of BSP’s mandates, and a wide range of initiatives, including statistical undertakings, information requirements, and advocacy programs.

 

“We recognize our public and private sector partners, for consistently providing us with diverse and timely data. Our information-sharing and welfare-enhancing activities have been crucial in the implementation of appropriate, responsive, and well-calibrated policy actions,” said BSP Governor Felipe M. Medalla.

 

The four awardees from the South Luzon Regional Office namely PNB – Naga City Panganiban Branch, Landbank of the Philippines – Legazpi City Branch, BDO – Legazpi Branch, and Central Bicol State University of Agriculture – College of Economic and Management were recognized for their contributions in conducting financial literacy programs among youth, fisherfolk and farmers; prioritization of cash assistance service with other banks that resulted in the longer circulation of banknotes; and strict adherence to operational policies of the BSP that effectively helped deter the proliferation of counterfeit notes in the region.

 

The nine awardees from the head office, on the other hand, were recognized for paving the way for the introduction of the digital PERA platform (https://pera.seedbox.ph); participating in the Cash Service Alliance (CSA) facility; pioneering sustainability in the Philippine banking industry; showing a strong commitment to the development and protection of the financial services industry; and support to the BSP Gold Buying Roadmap.

 

They were also recognized for their support of the foreign exchange liberalization effort of the BSP through its continuous submission of  relevant inputs on draft Circulars; providing insights regarding  the  BSP’s periodic review of the ceilings on credit card transactions; and for fostering the safety and efficiency of payment systems and the broader adoption of digital payments.

 

The institutions recognized from NCR are:

 

  • ATRAM Trust Corporation

 

  • BDO Unibank, Inc.

 

  • Bank of the Philippine Islands

 

  • Sterling Bank of Asia

 

  • Maya Philippines, Inc.

 

  • Mines and Geosciences Bureau

 

  • Bankers Association of the Philippines

 

  • Credit Card Association of the Philippines

 

  • Philippine Payments Management, Inc.

 

 

 

Meanwhile, BSP Deputy Governor Bernadette Romulo-Puyat emphasized that the strong collaboration between the government and the private sector is a significant component of the whole-of-nation approach to economic recovery.

 

“The BSP celebrates the remarkable contributions of our stakeholders, not only in delivering our mandates but also in cushioning the effects of the pandemic and helping the economy recover,” Deputy Governor Romulo-Puyat said.

 

 

Source: Bangko Sentral ng Pilipinas (BSP)