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Tag: indra

  • Philippines to Market Fashion Products in Indonesia

    Philippines to Market Fashion Products in Indonesia

    The Philippines has expressed its intention to market branded retail products in Indonesia, particularly fashion products.

    To support the intention, the Philippine Trade and Investment Center (PTIC) in Jakarta has held an expo, Lifestyle Philippines, in Shangri-La Hotel on June 10, 2016, said the Philippines Embassy in Jakarta, Monday, June 13, 2016.

    According the Philippine Ambassador to Indonesia Maria Lumen B. Isleta, the expo is expected to strengthen the relationships between the Philippine and Indonesian people.

    “It is an effort to introduce the various Philippine products and services, which may interest many Indonesian consumers once they know more about it,” Amabassador Isleta said.

    Alma Argayoso, the Philippine trade representative in Jakarta, said Lifestyale Philippines is aimed at promoting and introducing products made in the Philippines.

    The expo was enliven by fashion shows that featured designs of iconic brands, such as Karimadon, Rusty Lopez, Plains and Prints, and Cruzzini Barong Tagalog.

    The trade volume of both countries reached US$3.6 billion last year with a significant surplus for Indonesia, having an export volume of US$2.93 billion. Whereas the Philippine trade to Indonesia merely amounted to US$628.27 million.

  • Indra Philippines mulls tie up with Indonesia’s Salim Group

    Indra Philippines mulls tie up with Indonesia’s Salim Group

    Tech company Indra Philippines Inc is mulling business expansion in Southeast Asia with a possible tie-up with the Indonesia-based conglomerate Salim Group, reports said.

    Avionics and air defense radar systems are some of the main business targets of Indra in the region, according to Manuel Pangilinan, chairman of the Metro Pacific Investments Corp (MPIC).

    Headquartered in Jakarta, Salim Group has subsidiaries operating in agribusiness, food, distribution and retail, telecommunications, automobile, building materials, infrastructure, real estate, hotels and resorts, banking and financial services, international trade, including chemical manufacturing.

    Only last week, MPIC bought a 26 per cent stake in Indra from its unit the Manila Electric Company (Meralco) for $7.1 million, reducing the latter’s ownership to 24.95 per cent.

    Indra has worked on a number of large systems projects for various MPIC portfolio companies. MPIC is now seeking to further commercialize the expertise developed as part of these projects.

    Indra is a joint venture between Meralco and Indra Sistemas SA of Spain. It has been operating in the Philippines for the past 18 years as provider of information technology solutions to various businesses and industries with engagements in utilities and telecommunications, financial services and public administration.

    The company offers its customers management solutions – consultancy, project development, integration and implementation to IT outsourcing, and business process outsourcing (BPO).

    MPIC and Meralco’s last trading prices remained at P5.07 and P308 since Friday.

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