British company offering bus speed control technology to LTFRB
British firm Auto Control, which manufactures bus speed limiters, is talking with the Land Transportation Franchising Regulatory Board (LTFRB) for the supply of bus speed control equipment to ensure safety among buses in the country in light of the various road accidents that have resulted in several deaths of passengers. This is just among the many British firms that are seriously looking at opportunities in the country.
Iain Mansfield, director of the UK Trade and Investment (UKTI) Manila, told reporters at yesterday’s briefing that Auto Control has initial discussions with the LTFRB and the results have been very promising.
According to Mansfield, Auto Control manufactures speed limiters that are fitted to buses to control the speed of buses. The equipment can be customized to cater to the local environment.
“This is something good for the Philippines and these speed limiters are widely used in UK and other countries worldwide,” he said.
He further said that the initial talk with the LTFRB officials proved to be “very promising.”
The opportunity for this British firm to offer its technology to the Philippines could have been encouraged in light of the various road accidents caused by overspeeding buses. The latest road accident involved a runaway bus that fell into a ravine on its climb to the Benguet province killing 14 people and wounding several.
In addition, Mansfield said that four British fashion brands are coming into the country within the year to open their outlets in partnerships with local retailers.
Mansfield said that the Philippines has been attracting British fashion retailers because of three reasons. One is the strong economy has enabled Filipinos to afford to buy new clothes. There is also a strong retailing industry in the country that British firms are confident to be of partner with like Robinsons, SM and Rustans.
Also, he said, Filipinos love to look good making the fashion industry to stay robust.
Among the British fashion brands that are already in the country include Marks and Spencer, Lee Cooper, River Island, Speedo, TM Lewin, Warehouse, and Top Shop, and Clarks shoes.
“The Philippines has been in the radar of British investors,” he said as he announced that at least eight UK business delegations are arriving this year from only 7 last year. Already three are scheduled in the first quarter.
The first one was the recently concluded agriculture mission comprising of 11 agriculture companies that are promoting pigs breeding and fattening. Another delegation is coming this week involving six education and training companies for the BPO sector.
In March, some British construction and architectural firms are coming over to possibly participate in the rebuilding of the Yolanda-affected areas and vying for contracts with the Asian Development Bank.