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MothersonSumi INfotech and Designs Ltd. (MIND) Announces the Opening of a New Office in Singapore, Expanding Global Operations

MothersonSumi INfotech and Designs Ltd. (MIND) Announces the Opening of a New Office in Singapore, Expanding Global Operations
Singapore, Jul 01, 2021 - (ACN Newswire) - Mothersonsumi INfotech and Designs Ltd. (MIND) a technology and Industrial solutions division of Motherson Group, today announced the official opening of its new office in Singapore.
MIND s Singapore office will serve as the headquarters for the entire Southeast Asia region and will be an essential pillar in its geographic expansion strategy. MIND s Singapore business unit will offer a holistic gamut of IT service offerings, including digital transformation, Cloud Hosting and Migration, Next Gen IT Infrastructure, Smart Factory Automation and digital engineering services. With its Singapore base, MIND is looking to expand its best-in-class services to customers across Thailand, Vietnam, Indonesia, and Malaysia and to other countries in Far East. ....

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6 Japanese wiring harness firms to invest P10 B in PH

Published April 22, 2021, 5:00 PM
Six Japanese wiring harness firms are investing in the country with estimated investments of P10.5 billion and 18,650 jobs potential, according to Trade and Industry Secretary Ramon M. Lopez.
Lopez based his announcement on the report by Commercial Counselor and Special Trade Representative Dita Angara-Mathay, who leads the DTI Field Office in Japan, during a meeting on Tuesday, April 20, with six Japanese companies.
Trade and Industry Secretary Ramon Lopez. (ALFRED FRIAS/PRESIDENTIAL PHOTO FILE PHOTO)
The online and sector-specific roundtable organized by the Philippine Trade and Investment Center in Tokyo was participated in by senior executives from Sumitomo Wiring Systems, Ltd. and Yokowo Co., Ltd., among others. ....

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DTI makes tax pitch to Japan auto wiring firms

BusinessWorld
April 22, 2021 | 8:10 pm
THE DEPARTMENT of Trade and Industry (DTI) said it has been promoting the new tax regime to attract investment from Japanese manufacturers of auto wiring harnesses.
The DTI held a virtual roundtable with six Japanese companies Tuesday for potential expansion projects and new operations in the case of companies that have not decided to locate in the Philippines as yet.
Some of the companies “are still completing their expansion and diversification plans,” DTI Special Trade Representative Dita Angara-Matha said in a statement Thursday.
Wiring harness manufacturing qualifies for incentives like income tax holidays under the recently signed Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act, Trade Undersecretary Rafaelita M. Aldaba said. ....

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