Earnings of BOI - registered firms from exports last year totaled $13.1 M, well above the 1972 level · Rare Periodicals

Earnings of BOI - registered firms from exports last year totaled $13.1 M, well above the 1972 level

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Part of Business Day Special Report

Title: Earnings of BOI - registered firms from exports last year totaled $13.1 M, well above the 1972 level
Language: English
Source: Business Day Special Report March 27, 1974
Year: 1974
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Fulltext: March 27, 1974 Page 27 Earnings of BOI - registered firms from exports last year totalled $13.1 M, well above the 1972 level • Cement topped all commodities in the non-traditional export list between January to September last year. Exports reached a total of $13.1 million or $9.6 million more than what was exported during a comparable period in 1972. Sales of textile yarns and fabrics also hit a record high last year. Board of Investmentsregistered textile firms recorded sales of $11.0 million from January to September last year. This is $8.6 million more than what was sold during a similar period in 1972, or a 374.34 per cent increase. Sales of garments were also extraordinarily Vhigh last year. During the period, sales reached a total of $12.1 million, '$6.0 million more than •j^hat was recorded in 1972. Last year saw the exports of the new Philippine-made items like electronic components, ceramics products, fish and seafood prepar ations, aluminum, lami nated. safety glass, pulp of straw and abaca and sugar confectioneries. Going up Electronic companies registered with the Board exported a total of $2.4 million during the first three quarters last year. This is a $1.8 million increase from the $589,000 sales figure in 1972 or 310.02 per cent increase. Exports of ceramics products also showed an upward movement last year. Ceramic-registered firms made a combined sales of $2.7 million, $1.6 million more than in 1972 or a 155.53 per cent increase. Although laminated safety glass had limited export sales, it made its breakthrough in com mercial sales. Exports reached a total of $1.4 million, $870,000 more than in 1972. Sugar confectioneries 1/ fane registration certificate cancelled 2/ Two cancelled, seven transferred to R.A. 6135 NUMBER OF BOI-REGISTERED FIRMS (Less) Under R.A. 6135 As of Sept. 30, 1973 As of 08^31,2973 1. Expa-t Producers a) List A 168 99 69 V b) List B 22 9 13 c) Mandatory Inclusions 6 3 3 196 111 85 2. Export Traders 9 5 4 3. Service Exporters 15 12 3 220 128 92 Under R.A. 5186 Schedule E 34 48 (14) 2/ TOTAL 254 176 78 and snack items are a growing export segment based on' the BOI per formance report. Export of these items reached a total of $1.6 million in the three quarters of 1973, or higher by $651,000 over the 1972 total. Better sales Sales of pulp of straw and abaca improved significantly between January and September 1973. Total sales reach ed $522,00 or $454,000 EXPORT LOSS LEADERS OTHER MANUFACTURERS!/ Registered Export Producers January to September, 1972-1973 (FOB In Thousand U.S. Dollars) Jan.—Sept. 1973 1972 (Decrease) Amount Per Cent Tinplates 0 Soil Pipes & Fittings 207 Beer Malt & Liquor 770 Medicinal & Pharmaceutical Products 507 Charcoal 338 Rugs & Carpets 77 Sub-Total Loss Leaders 1899 Net Others 66462 TOTAL ' 68361 - Excludes Bananas. more than what was sold in 1972 during a similar period. BO I-registered foot wear companies hit the million-dollar mark last year. Sales reached a (Continued on page 28) 621 ( 621) (100.00) 669 ( 462) ( 69.06) 863 ( 93) ( 10.78) 584 ( 77) ( 13.18) 377 ( 39) ( 10.34) 80 ( 3) ( 3.75) 3194 (1295) 40.54) 27434 39028 142.26 30628 37733 123.20 Page 2:i March 27, 1974 Cement topped non - traditional exports (Continued from page 27) total of $1 0 million or $393,000 more than what was sold in 1972 for a 55.82 per cent im provement. High sales of rubber shoes was another signi ficant development last year. The BOI data show that BOI-registered ex port producers made a total sales of $75.6 milCOMPARATIVE FOREIGN EXCHANGE EARNINGS Registered Service Exporters Jenuary to September, 1972 and 1973 (In Thousand US Dollars) Professional & Reporting Jan.-Sept More (Less) TarKniroi Firms H73 1»72 Amount Percent Services 10 811 292 519 177.74 Transport & Cargo Handling 1 4886 6619 (1733) ( 26.18) Motion Pictures 2 149 42 107 254.76 Advertisements 2 21 22 ( 1) ( 4.55) TOTAL 15 5867 6975 (1108) ( 15.89) lion in the first three quarters of last year. This is $38.8 million more than what was sold in 1972 or a 105.26 per cent increase. While there was an overall improvement in export sales, six major commodity groupings did not show sales im provements. Due to raw materials problems, there were no tinplates exports last year. While a total of $621,000 worth tin plates were exported in 1972. there was a zero We are a grateful company We are a direct beneficiary of the govern ment's program of encouragement and assistance to local enterprises exercised through the Board of Investments. For this, we are truly grateful. More power to the BOI! May it continue to succeed in its mission through the inspired leadership of men whose proven competence justifies our most optimistic expectations. LEPANTO CONSOLIDATED MINING COMPANY Subsidiaries: Diaboart Products (Philippines), Inc. • Insular Lumber Company (Philippines), Inc. k • Diamond Drilling Corporation of the Philippines • Lepanto Exploration (Asia), Inc. • Lepanto Investment and Development Corporation • Shipside, Incorporated JAPANESE TEXTILE IMPORTS FROM THE PHILIPPINES Items 1967 1968 1969 1970 1971 Ramie 433,402 468,275 470,149 507)147 220,784 (1,203,991) (1,300,868) (1,306,073) (1,408,554) ( 613,338) Ramie noils and waste (including 4,104 1,339 1,486 6,608 7,829 pulled or garnetted rags and yarn ( 11,401) ( 3,720) ( 4,128) ( 18,357) ( 21,749) "Manila hemp (including tow) 1,496,272 1,281,489 1,387,154 1,663,039 (4,619,922) 1,256,259 (fi,156,644) (3,559,976) (3,853,514) (3,489,888) Manila hemp waste (including 161,278 97,383 85,883 106,955 98,665 pulled or garnetted rags and yarn ( 449,697) ( 270,530) ( 238,583) ( 297,121) ( 274,091) Coir 22,537 9,218 3,386 14,442 30,344 ( 62,608) ( 25,608) ( 9,406) ( 40,120) ( 84,296) Sisal fibers - 1,710 ( 4,750) - - - Cardage, cables, ropes, twines and 994 1,861 3,071 39,463 10,338 manufactures thereof ( 2,761) ( 5,170) ( 8,531) ( 81,848) f 28,719) Table linen 110 ( 444) - - - 1,140 ( 3,167) Articles of plaiting materials 935 2,514 6,629 1,135 ( 2,597) ( 6,984) - ( 18,415) ( 3,153) Woven fabrics of flax or ramie 567 ( 1,575) - 450 ( 1,250) 4,700 ( 13,057) 554 ( 1,539) Vegetable textile fibres, n.e.s. - 1,440 ( 4,084) 427 ( 1,186) - Cardage, cables, ropes, etc. 2,150 2,150 142 of Manila fibres ( 5,873) ( 5,973) ( 394) - Nets and netting - 838 ( 2,328) 23,368 ( 64,916) 21,238 ( 58,999) Linens - 569 ( 1,581) 143 821 ( 397) ( 2,281) - Textile fibres - - 1,926 ( 5,350) 83,316 ( 231,452) 21,599 ( 60,002) Outer garments for men and boys - - 747 ( 2,075) 752 ( 2,089) 27,615 ( 76,714) Outer garments for women, girls and infants "" 4,313 ( 11,982) 48,381 L 134,402) 29,647 ( 82,359) Handkerchiefs - - 124 ( 344) 1,235 ( 3,431) Undergarments - - 2,443 ( 6,787) 1,852 ( 5,154) 237 ( 658) - Knitted or crocheted outer garments - - 1,791 12,010 ( 4,975) ( 33,617) 6,429 ( 17,860) Spun yarn of synthetic fibres - - 8,405 ( 23,349) 109,400 ( 303,913) Cotton fabrics woven (not including narrow and special fabrics) - - 33,989 ( 94,421) 9,052 ( 25,146) Embroidery - - 2,610 ( 7,251) 888 ( 2,467) Hat bodies - - 829 ( 2,303) - Articles of textile fibres for furnishing — - - 925 ( 2,570) 762 ( 2,117) Carpets, carpeting, rugs, etc. - - 153 ( 1,814) 320 ( 889) Stockings and socks - - - 97,670 ( 274,105) 5,326 ( 14,796) Labries woven, of synthetic fibres, not including narrow fabrics 375 ( 1,042) Total imports 2,120,849 1,864,832 1,990,949 2,656,537 1,838,698 Source: Japan Exports & Imports (5,891,719) (5,180,503) (5,530,856) (7,379,860) (5,107,903) VJe serve the Nation and the People CFC CORPORATION UNIVERSAL ROBINA CORPORATION MAKERS OF: • BLEND 45 COFFEE the nation’s largest selling coffee • N-RICH NON-DAIRY CREAMER • PRESTO CHOCOLATES • PRESTO BISCUITS • PRESTO ICE CREAM • BRACH'S CHOCOLATES MAKERS OF : • JACK 'n JILL FUN SNACKS chippy,pretzels, chiz curls, barbecue curls, potato chips ’ JACK'n JILL CANDIES • BRACH'S CANDIES • JOJO CANDIES • NISSIN S RAMEN NOODLE • TOOTSIE ROLL & POPS • DUBBLE BUBBLE GUM • ROBINA CANNED GOODS PASIG, RIZAL ISHAVER TELEPHONE ,692-5402 March 27, 1974 Business Day Page 29 record in 1973. Exports of soil pipes and fittings did not im prove last year. First three quarter sales were only $207,000 compared to a high of .$669,000 sales in 1972. $ales of beer malt and liquor were also not encouraging in 1973. The Board data show that sales only reached -$770,000 compared to the 1972 sales of $863,000 or a $93,000 -deficit. No improvement Although firms like United Laboratories made a serious market ing campaign in South east Asia, sales of medi cinal and pharmaceutical products did not im BOI-REGISTERED EXPORT PRODUCERS LEAD EXPORT ITEMS NON-TRADITIDNAL MANUFACTURES1' January to September, 1972 and 1973 (FOB In Thousand U.S. Dollars) amount P^Cent 9,607 271.08 8,696 374.34 6,009 97.49 1,956 76.68 1,826 310.02 1,644 155.53 1,332 70.78 923 42.57 895 132.01 870 154.80 Textile Yarns & Fabrics Garments Handicrafts Electron Components Ceramic Products Fish & Seafood PreparaCordage Aluminum Laminated Safety Glass Sugar Confectioneries Coffee and Other Snack Items Explosives & Misc. Chem. Materials Furniture & Fixtures Pulp of Straw and Abaca Footwear Sub-Total Lead Items Net Others TOTAL prove either. The first three quar ter sales amounted to only $507,000 or $77,000 short of the $584,000 recorded in 1972. Charcoal, an anti pollution material, did not seem to sell very well as earlier projected. Sales only reached $338,000 compared to $377,000, in 1972. Banana sales As in previous years, foreign exchange earn ings from banana ex ports continued to grow. Sales in the first three quarters reached a total of $7.3 million or $1.0 million more than that sold in 1972. The banana industry, compared to other sec651 64.58 576 60.89 556 85.80 454 667.65 __393 55.82 36,388 146.18 _L345_ 2X45 37733 123.20 tors, has been developing at a more rapid pace. Its share in the Japan ese market alone has grown from less than one per cent in 1968 to 32 per cent in 1972. In 1972, banana exports alone amounted to $24.3 million and ranked eighth place among the Philippine top exports products. Area planted to bananas as of June 30, 1973, already reach ed 18,000 hectares. At present, there are 22 bananas growers with technical and marketing tie-ups with Japan. Ex ports of bananas conti nue to be limited to Japan. Export firms As of December, 1973, there were a total of 176 firms registered with export capacities. Two segments, the tex tile yarns and the gar ments producers, consti tute a significant number of these export firms. There are over 27 gar ment companies register ed with the Board and some 24 textile yarns producers. In 1972, the Board initiated a rationalization scheme for both the tex tile and the garments industry. During the first semester of 1973, ex ports of textile yarns, fabrics and garments totalled $13.5 million, three times the 1972 figure of $4.3 million. Firms registered under the Export Incen tives Act as of June 30, 1973 employ a total of 35,113 individuals and pay salaries amounting to P68 million per year. The chemical industries provide the largest number of employment with 15,997 followed by agro-induStries (8,036) and mining and mineral processing industries (6,579). — Excludes Bananas. COMPARATIVE EXPORT PERFORMANCE OF BOI-REGISTERED PRODUCERS January to September, 1972 and 1973 (FOB In Thousand U.S. Dollars) 1973 1972 Anount Per Cent Reporting Cement 13,151 3,54 4 9,607 271.08 14 Garments 12,173 6,164 6,009 97.49 27 Textile Yarns & Fabrics 10,995 2,323 8,672 373.31 24 Handicrafts 4,507 2,551 1,956 76.68 22 Fish & Seafood Preparations 3,214 1,882 1,332 70.78 10 Cordage 3,091 2,168 923 42.57 4 Ceramic Products 2,701 1,057 1,644 155.53 3 Electronic Compo2,415 589 1,826 310.02 8 Sugar Confectioneries Coffee and other Snack Items 1,659 1,008 651 64.58 4 Aluminum Products 1,573 678 895 132.01 1 Explosives & Misc. Chemical Mat. 1,522 946 576 60.89 6 Laminated Safety Glass 1,432 562 870 154.80 3 Furniture & Fixtres 1,204 648 556 85.80 10 Footwear 1,097 704 393 55.82 6 Beer Malt & Liquor 770 863 (93) 10.78) 4 Wood Manufactures 665 462 203 43.94 6 Pulp of Straw & Abaca 522 68 454 667.65 1 Medicinal & PharmaO ceuticalsProducts 507 584 77) 13.18) 4 Paints & Lacquers 430 219 211 96.35 2 Other Electrical Appa ratus and Appl. 369 198 171 86.36 7 Charcoal 338 377 ( 39) ( 10.34) 2 Crumb Rubber 292 149 143 95.97 3 Soil Pipe & Fittings 207 669 ( 462) (69.06) 2 Synthetic Wigs 205 44 161 365.91 1 Rugs & Carpets 77 80 ( 3) ( 3.75) 2 Tinplates 0 621 ( 621) (100.00) 3 Others 3,221 1,470 1,751 119.12 40 Total Other 68,337 30,628 37.709 123.12 221 Manufactures Bananas 7,306 6,225 1,081 • 17.37 6 TOTAL 75,643 36,853 38,790 105.26 227 MCCIA VITAL LINK 10 PROGRESS Growth springs from our natural wealth. The bountiful resources tapped from the earth. Transformed into usable raw materials to power our industries. Booming industries for a stronger economy to serve a growing nation. Such is the chain that will bind us to economic prosperity. And MARIA CRISTINA CHEMICAL INDUSTRIES is the initial link. Efficiently providing basic processed products which are the building blocks of our industries. MARIA CRISTINA CHEMICAL INDUSTRIES WORKING TO REALIZE A FRUITFUL FUTURE 5th Floor Security Bank Bldg. Ayala Ave., Makati, Rizal Tel. nos.86-69-71 to 75 Cable Address: CRISTINA MANILA _
pages: 27-29