Andrea E. San Juan

713 posts

Biz groups still opposing PPA order after tweaks

MAJOR business groups in the Philippines have reiterated their opposition to a policy which details the container monitoring policy of the Philippine Ports Authority (PPA), which has recently been recommended for pilot implementation by the Anti-Red Tape Authority (ARTA), subject to validation.

Study: Much to do to fully realize TradeNet benefits

DESPITE the progress made with the implementation of the “TradeNet” or the Philippine National Single Window (NSW), there is still much to do to “fully realize” the platform’s benefits, which include trade facilitation and cost reduction for exporters and importers, according to a report released by the Congressional Policy and Budget Research Department (CPBRD) of the House of Representatives.

PBBM Tokyo trip drew $621-M trade, $23-M investment leads

PRESIDENT Ferdinand R. Marcos Jr.’s official working visit to Tokyo, Japan in February 2023 generated US$620.72 million and US$22.67 million in trade and investment leads, respectively, based on the submitted reports of private sector participants, according to the Department of Trade and Industry (DTI).

Foreign chambers urge Senate: Pass PTSB bill

THE members of the Joint Foreign Chambers (JFC) of the Philippines are calling on the Senate to start its deliberations on Senate Bill 1121, the law creating the Philippine Transportation Safety Board (PTSB), at the soonest possible time, noting the urgent need to institute “structural” reforms in the air transport sector.

Mega’s plant gets BOI nod

The Board of Investments (BOI) said the P980-million Mega Prime Foods Inc.’s sardines manufacturing facility in Sto. Tomas, Batangas supports the government’s “overall direction” to host clean and sustainable manufacturing practices in the country.

DTI inks MOA with SMC packaging unit

The Department of Trade and Industry (DTI) has inked an agreement with San Miguel Yamamura Packaging Corp. (SMYPC) which aims to improve the packaging of the local products and to provide “cost-efficient” packaging solutions to micro, small, and medium enterprises (MSMEs).

PHL manufacturing PMI slips to 52.7 in February

THE Philippine Manufacturing Purchasing Managers’ Index (PMI) slipped from January’s seven-month high of 53.5 to 52.7 in February, with port congestion, among others, weighing on vendor performance which is resulting in further deterioration, according to Standard & Poors (S&P) Global Market Intelligence.

‘President’s overseas trips vital to investment drive’

THE President needs to go out of the country to promote the Philippines as a viable destination, Employers Confederation of the Philippines (ECOP) President Sergio R. Ortiz-Luis Jr. said, a day after President Ferdinand R. Marcos Jr. concluded his visit to Japan with an estimated $13 billion of combined contributions and investment pledges for a wide range of projects.

Trade deal with EFTA working well–DTI

THE Philippines and the European Free Trade Association (EFTA) states have confirmed  that the free trade agreement is “working well” and has no “critical implementation” issues to date, according to the Department of Trade and Industry (DTI).

DTI’s RCEP pitch at Senate: ‘No simple trade agreement’

THE Regional Comprehensive Economic Partnership (RCEP) is not just a “simple” trade agreement, Trade Secretary Alfredo E. Pascual told senators on Tuesday, noting that as an ASEAN-led free trade agreement, it will ensure the region’s “continued economic advantage” and will help maintain a “balance of power” within the region.