Author: Manuelito R. Putong

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TESDA Industry Consultation 2024

The Technical Education and Skills Development Authority (TESDA) under RA 7796 is the government agency mandated to provide relevant, accessible, high quality and efficient technical education and skills development in support of the development of high-quality Filipino middle-level manpower responsive to and in accordance with Philippine development goals and priorities.

The area-based and demand-driven TVET is responsive to the critical needs defined by the industries including MSMEs, cooperatives, and employers to produce correctly skilled workers in a specific area or locality.

The TVET sector needs to respond to the rapidly changing needs of the labor market considering the varying geographical characteristics and industrial layout of the regions and provinces.

In relation to this, TESDA Cavite will be conducting an Industry Consultation to update the Skills Priorities of the province to respond to the labor market demand and granularized it into a district skills priorities.

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Supply Chain Sustainability

We are receiving a lot of inquiries on supply of Agarwood Oil and Chips from foreign buyers.

Frequently Asked Questions are the following;

  1. How much volume can you supply on a regular basis? Monthly let say?
    Assumptions: There are more or less 150kg of good quality chips to collect for 1kg of extracted oil. that cost around a minimum of one million peso. Chips could be coming from 38 trees if we can collect 4kgs max of chips per tree. From 75 trees of 2kgs chips. You do your math now with the number of trees planted in your farm.
    Can you now determine the volume of harvest from your end? Are you confident to say that indeed you can supply on a sustainable basis? Answer is NO if doing it individually but CAN if we do it collectively particularly for the small growers. Again, we do it the coop way to meet up the demand of supply. Small individual investors will end up losing investments if they cannot cope up with the sustainable supply.
  2. Can you guarantee the consistency in the production quality? or maybe coming from one source of Agarwood Plantation?
    One factor so to be consistent with the quality is the use of genetically the same species, same nano material base inoculant, same fluid extraction configurations and the laboratory testing.
    Looking at the big picture, raw materials should be coming from the same stock inventory, with the same inoculant for the inducement of oleoresin and the process of extraction of essential oil itself. then, go for the laboratory testing.
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Bahraini Buyer Visits Agarwood Farm

Mr. Khalid Ebrahim, CEO of 505 Perfumes based in Bahrain is a farm visitor of Aetherial Natural Oil Corp today October 9, 2024 for the ocular inspection of Agarwood Trees growing for more than four years now in Tanza, Cavite. 

Distribution of Agarwood Products and Derivatives in Arab states of the Persian Gulf is the main concern of Mr. Khalid’s visit. His group is interested on Agarwood Leaf Tea, Beauty Soap, Agarwood Gift and Novelty Items, Incense, Exhausted Powder, Chips and of course Supercritical Extracted Oud Oil of Aquilaria malaccensis (Bari).

The Agarwood National Federation is expected to do a trial shipment of exporting Oud Oil in the last quarter of year 2025.

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Agarwood Federation visits DTI

On August 19, 2024, the National Officers of the Oud Philippine Growers Federation of Agriculture Cooperative (OPGFAC) visited the office of DTI Acting Secretary Hon. Maria Cristina Roque to discuss potential collaborations. The delegation was led by National Chairman Manuelito R. Putong of the Agarwood Growers Agriculture Cooperative (AGAC) in Region 6, National Director Oliver Dan De Luna of the Agarwood Leyte Agriculture Cooperative (ALAC) in Region 8, and Laurenti E. Putong, Chairman of the Agarwood Cavite Agriculture Cooperative (ACAC) in Region 4A. They were joined by Atty. Oliver Baclay Jr. of Gulapa Law, OIC Regional Director for R4B Rodolfo J. Mariposque, Mr. Francis Penaflor of the Board of Investments (BOI), Ms. Fenina Bonoan of the Export Management Bureau (EMB), and Mr. Merdiorhee M. Cabardo, also of the EMB.

During the meeting, Acting Secretary Roque pledged the Department of Trade and Industry’s (DTI) full support for the emerging agarwood industry in the Philippines. This support will be coordinated through DTI’s attached agencies: the Board of Investments (BOI), the Bureau of Philippine Standards (BPS), the Export Management Bureau (EMB), and the Regional Operations Group (ROG).

OIC Regional Director Rodolfo J. Mariposque from the Regional Operations Group (ROG) also requested the development of a roadmap to guide collaborative activities moving forward.

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SEC Roadshow on Capital Formation

Attending the SEC Roadshow on Capital Formation at The SEC Headquarters in Makati must have provided valuable insights into:

✅ Crowdfunding – Raising capital through small contributions from a large pool of investors.
✅ Initial Public Offering (IPO) – Taking a business to the stock exchange for public investment.
✅ Venture Capital & Angel Investors – How startups can attract institutional funding.
✅ Regulatory Compliance – Understanding SEC requirements for funding and expansion.