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Filipino News (Focus Pilipinas Edition) 2018

New Zealand only fortnightly offline and online newspaper. www.filipinonews.nz; www.pinoynzlife.nz

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NEGOSYO ISSUE 115 | www.filipinonews.nz | filipinonews@xtra.co.nz | www.pinoynzlife.nz | FB : <strong>Filipino</strong> Migrant <strong>News</strong> 11<br />

FOCUS PILIPINAS<br />

MANILA - Growing<br />

mobile and digital adoption<br />

rates in the Philippines<br />

make the country<br />

an ideal market for Kiwi<br />

tech businesses to dive in<br />

on, says New Zealand<br />

entrepreneur Rees Vinsen.<br />

Rees Vinsen is the<br />

founder of Adduco Media,<br />

a social marketing company<br />

that fosters online<br />

communities, manages<br />

social celebrities and<br />

builds brands across New<br />

Zealand, Australia, parts<br />

of Asia and the United<br />

States.<br />

Adduco Media has<br />

evolved into a predictive<br />

marketing platform that<br />

helps brands design and<br />

distribute messages based<br />

on audience personalities<br />

and behaviours.<br />

Vinsen, who divides his<br />

time between Nelson and<br />

Auckland, was one of five<br />

New Zealand tech entrepreneurs<br />

who spent a<br />

week in Manila, Philippines,<br />

as part of the<br />

ASEAN Young Business<br />

Leaders Initiative.<br />

He spoke to Rebecca<br />

Inoue-Palmer while in<br />

Manila and shared his<br />

observations about the<br />

Philippine tech sector,<br />

barriers to entry<br />

into the market<br />

and the country’s<br />

celebrity<br />

culture trends.<br />

Why were you<br />

interested in<br />

learning more<br />

about the Philippines?<br />

I was initially<br />

interested<br />

because of previous<br />

business<br />

dealings with<br />

another<br />

venture of<br />

mine, so I<br />

looked to<br />

explore<br />

other synergies<br />

and any<br />

other relationships<br />

that may be up here.<br />

Looking into it now,<br />

and being on the ground<br />

here, I see that there are<br />

many other companies,<br />

and more so, emerging<br />

tech companies, that have<br />

heavy applicability to<br />

what we are doing, so perhaps<br />

there are some<br />

future relationships there.<br />

What do you think<br />

would be some of the<br />

advantages of doing business<br />

in the Philippines?<br />

Working with the people.<br />

I’ve been pleasantly<br />

The next<br />

business<br />

hot spot<br />

Rees Vinsen is a<br />

Kiwi tech entreprenuer<br />

looking at doing business<br />

in the Philippines.<br />

surprised at the hospitality<br />

of the <strong>Filipino</strong> people;<br />

very nice, very welcoming<br />

and very helpful. They<br />

are more than happy to<br />

impart a lot of valuable<br />

information. We’re seeing<br />

in a lot of our meetings<br />

that they are running<br />

twice as long as anticipated,<br />

purely because they<br />

have a lot of value to give<br />

us and things to talk<br />

about.<br />

The second advantage I<br />

see, and it’s frequently<br />

described, is that the<br />

Philippines is in this<br />

demographic sweet-spot<br />

for the next, some say, up<br />

to 20 years. I think that<br />

translates directly into a<br />

business hotspot. In considering<br />

mobile and digital<br />

adoption rates here, I<br />

think that presents very<br />

big opportunities and big<br />

markets for businesses,<br />

entrepreneurs and startups<br />

to dive in on.<br />

What are some challenges<br />

you’ve observed?<br />

The primary challenge<br />

that comes to mind is the<br />

regulations and<br />

processes around<br />

doing business in<br />

the Philippines –<br />

the capital you<br />

have to have and<br />

the people<br />

you have<br />

to have<br />

f r o m<br />

day one<br />

is a huge<br />

barrier. I<br />

haven’t seen it in<br />

many Western<br />

countries.<br />

Relating that<br />

to New Zealand –<br />

in New Zealand<br />

you can incorporate<br />

a company<br />

and the next day you can<br />

trade. Whereas here [in<br />

the Philippines] you can<br />

be waiting for up to, on<br />

average, five months. You<br />

need to have five directors<br />

in that company and a<br />

fair amount of cash<br />

upfront just to even get<br />

the idea signed-off, to<br />

become legal. That is a<br />

huge barrier to any startup<br />

and to any foreign<br />

business that wants to see<br />

on-the-ground operations<br />

here. It’s a big barrier.<br />

You work with influencers<br />

in New Zealand.<br />

Do you have any observations<br />

about the celebrity<br />

culture in the Philippines?<br />

Celebrity culture here<br />

has very much the same<br />

trends we find in New<br />

Zealand, Australia and<br />

America; that many<br />

celebrities of A, B and C<br />

grades are being heavily<br />

monetised so they are<br />

looking personally at how<br />

to monetise their own<br />

presences. But then we<br />

are seeing big companies,<br />

we’re seeing telcos here,<br />

that are working with<br />

celebrities to monetise<br />

them through games,<br />

through bundle packages<br />

and through everything<br />

else.<br />

We’re seeing hot little<br />

start-ups as well. We<br />

talked to one the other<br />

day that manages celebrities’<br />

interactions, so fans<br />

can purchase interactions<br />

with that celebrity. So - a<br />

very, very big culture here<br />

and the approach here is<br />

very much more one-onone.<br />

It’s a lot more personal<br />

than we see in New<br />

Zealand or the States, so<br />

that’s been quite interesting.<br />

– Asia Media Centre

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