We Seek New Long Term Buyers

We are capable to deliver Fresh Quality Cavendish Banana.

email us directly at sembawangtrading.co@gmail.com

Pineapples

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Interested buyer/importer can email me directly at sembawangtrading.co@gmail.com

Cav Banana, et al

We export all-in pack

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You can email me directly at sembawangtrading.co@gmail.com

We also offer Banana Chips, Coconurt  Sugar, Banana Chips, Pineapples, etc.

Size does matter in Cavendish Bananas

 

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Davao Philippines’Cavendish Bananas is known deliciously sweet.

  • Philippine is now the 2nd Largest Exporter of Bananas in the world.
  • The majority of these shipments are destined for the growing regional markets of China, the Middle East and, to a lesser extent, Russia to satisfy their demand for fresh produce
  • Exports of Philippine bananas for the last quarter of this year are expected to rise following China’s lifting of restrictions on Philippine exports early this month.
  • Below are the 15 countries that accounted for the highest dollar value worth of bananas exported from the Philippines during 2015:
  1. Japan: US$176.9 million (40.2% of total bananas imports)
  2. China: $109.2 million (24.8%)
  3. South Korea: $51.6 million (11.7%)
  4. Iran: $33.8 million (7.7%)
  5. United Arab Emirates: $19.2 million (4.4%)
  6. Saudi Arabia: $12.9 million (2.9%)
  7. Kuwait: $8.7 million (2%)
  8. New Zealand: $6.5 million (1.5%)
  9. Hong Kong: $5.2 million (1.2%)
  10. Singapore: $5.1 million (1.2%)
  11. Malaysia: $2.3 million (0.5%)
  12. Taiwan: $2.1 million (0.5%)
  13. North Korea: $1.7 million (0.4%)
  14. Bahrain: $1.1 million (0.2%)
  15. Qatar: $912,000 (0.2%)
  • Among the above countries, the fastest-growing consumers of Philippine bananas exports since 2011 were: Bahrain (up 822.2% in value), Saudi Arabia (up 638.1%), Malaysia (up 312.3%) and Kuwait (up 195.4%).Production system ranges from backyard to highly integrated operation with the latter catering to the export market.
  • Weak demand in the EU.
  • Total import of fruit by the Philippines from 2008 till 2013. The highest volume of imports occurred in 2012 reaching 240,477MT while the lowest was in 2008 to 187,265MT. The average annual growth rate was 3.68% during this time period.
  • Philippine farms produced a total of 8.65m tonnes of bananas valued at P117.15bn ($2.6bn) in 2013, down from a peak of 9.23m tonnes worth P108.13bn ($2.4bn) the previous year, according to PSA data. Concerted efforts over the past two decades to expand banana production have led to the commodity becoming the country’s most valuable crop as well as its most profitable agricultural export.
  • The past years, the yield dramatically been reduced due to destruction brought about by the strong typhoons that hit the country particularly the major producing areas in Mindanao. Another calamity was the most recent “El Nino.”  Nevertheless, these are not typical and Mindanao is not a typhoon belt.
  • Overall, the average annual growth rate was 0.26% and 16%, respectively for production and area for the six-year time period.
  • The farms are generally small in size (1-5 ha) with minimal care resulting to low yield.
  • Big farms are typically managed by Cooperatives, Organizations and Investment Companies

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This business walk an extra mile for its clients.  It literally exist to assist.

Interested importers can email us directly at sembawangtrading.co@gmail.com for further details.

 

How to establish your business in the Philippines?

Type of company:

• Foreign Branch
• Foreign Representative Office
• 100% fully foreign owned Domestic Corporation
• 60/40 owned Domestic Corporation

There are available consultancy firm that can assist and help assess those who need investment vehicle best for the owner and the company. Such services will be provided:

• Procedure
• Planning
• Registration to relevant Philippine government agencies (e.g Securities and Exchange Commission, Department of Trade and Industry, Bureau of Internal Revenue, etc.)

Added services will be as follows:

• Determine Capital Requirement
• Assist in the opening of local bank account
• Register and secure company name with Securities and Exchange Commission or with Department of Trade and Industry
• Identify Shareholders, Directors, Nominees and Incorporator
• Draft Articles of Incorporation and By-Laws
• Process documents with Securities and Exchange Commission, Board of Investment, Philippine Economic Zone Authority, Bureau of Internal Revenue, Social Security System, etc
• Process Mayor Permit and Business Permit
• And whole lot more depending on capacity of the firm and where in the Philippines it is intended to establish its office/s.

Please be advice to get only credible and honest consultancy firm to avoid loss of time and money. The consultancy firm will also mention the existing realities and limitation with concerns to facility, national economic status, negative reports and things to expect.

Eligible businesses may then register their businesses with Philippine Economic Zone Authority, Board of Investment, etc. Incentives such as income tax holidays and special tax regimes are available to foreign investment.

Most foreign investors usually start through a Domestic corporation or a Branch. We recommend to register as corporation as there are administrative regulations. Branches, which may be more advantageous tax wise, cannot be used if the activities to be undertaken are included in the Foreign Investment Negative list. Corporations can accommodate Philippine ownership.

Forming or registering a corporation has to comply with the following requirement:

• Minimum of 5 incorporator, each of whom must be actual persons and hold at least a single share in the company.
• Majority of the incorporator must be Filipino.
• A Corporation must have between 5 and 15 directors, each of whom must have at least one share of stock.
• Majority of the directors (or trustees) must be Philippine residents.
• All Domestic Corporations (those incorporated in the Philippines) must obtain their license with the Securities and Exchange Commission
• Philippine Securities and Exchange Commission requires the following:

– Has to reserve and register a company name
– Has to submit proposed Articles of Incorporation and By-Laws in compliance with the Corporation Code of the Philippines
– Proof of minimum capitalization required to every industry or business the corporation is engaged in
– Has to have the minimum paid-up capital requirement for a corporation or where the foreign equity exceeds 40% is US$200,000, which must be remitted into the Philippines
– Must employ at least 50 employees.

All other details related to start-up, branch establishment and export oriented firms will be explained further by the consultancy firm. The issuance of a certificate of incorporation from the SEC signifies the commencement of corporate existence and juridical personality for a company.

Businesses must also register with the following agencies:

• Bureau of Internal Revenue
• Social Security System
• Home Development Mutual Fund
• Philippine Health Insurance Corporation
• And the local government unit where its principal office will be located.

If the business wish to operate as sole beneficial owner of the business, it should be  registered to the Department of Trade and Industry and with the Beureu of Internal Revenue and must also register its business name with the Department of Trade and Industry through the Bureau of Trade Regulation and Consumer Protection.

Other details will be explained further by the consultancy firm or the entrepreneur.  You can inquire directly to Department of Trade and Industry.