THE Department of Trade and Industry (DTI) vowed to “continuously promote” more sustainable practices in production and consumption to help achieve sustainable development goals.
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.
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.
LOCAL business groups are asking the Senate to consider, among others, the cost to be allocated for a Constitutional-convention (Con-con) to amend the Charter, noting at least P14 billion of such allocation could be “better spent” on pro-people programs, such as on agriculture.
Trade Secretary Alfredo E. Pascual has proposed to Asean leaders the establishment of the Asean Creative Economy Working Group (ACEWG) to provide and bolster strategies for “capacity building” in the region.
The Bases Conversion and Development Authority (BCDA) announced it has inked an agreement with the Japan International Cooperation Agency (JICA) that will help BCDA develop the areas in and around railway stations being built by the Department of Transportation (DOTr).
The One Town, One Product (OTOP) Philippines Act of 2022, which recently got Senate’s approval will help promote the country’s cultural identity in the international market, Trade Secretary Alfredo E. Pascual said on Wednesday.
The Philippine Business for Education (PBEd) said the Australian Government has reinforced its commitment to Philippine education reform through a P98.7 million support.
Ransomware attacks in the Philippines surged by 57.4 percent in 2022 with 11 reported cases across key sectors, including manufacturing, according to Unit 42 investigations by US-based cybersecurity firm Palo Alto Networks.
Industry groups are urging the government to immediately resolve the issue related to the imposition of value-added tax (VAT) on local purchases made by exporters.
Using Hakuyo, a remotely operated vehicle (ROV), Japanese experts have finally spotted the sunken MT Princess Empress that sank off the coast of Naujan, Oriental Mindoro on February 28.
German firms with technical know-how in energy efficiency are seeking business partners in the Philippines, according to the German-Philippine Chamber of Commerce and Industry (GPCCI).
The Confederation of Sugar Producers Associations Inc. (Confed) said it opposes the reduction of sugar tariffs, saying the move will “jeopardize” the livelihood of farmers.
The Philippine Economic Zone Authority (Peza) is looking forward to realizing more investments from Japan after it welcomed delegates from an Osaka City-led business mission, which it said brought 15 Japanese firms with plans to put up businesses in different sectors, including food, agriculture and manufacturing, among others.
Businesses and logistics providers will continue to grapple with rising consumer prices as well as the Ukraine-Russia conflict, according to officials from top local firms.
The Philippine Chamber of Commerce and Industry (PCCI) said Principal Architect and Urban Planner Felino Palafox Jr. will lead this year’s 49th Philippine Business Conference and Expo (PBC&E).
FROM 44th place in 2021, the Philippines slipped 10 notches in the Frontier Technologies Readiness Index, dropping to 54th spot among 166 economies in the world, a 2022 report by the United Nations Conference on Trade and Development (Unctad) showed.
The Bases Conversion and Development Authority (BCDA) is calling on foreign businessmen to join the bidding for the lease and development of a 37-hectare property in New Clark City (NCC) into a “large-scale” solar photovoltaic power plant.
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).
THE Department of Trade and Industry (DTI) vowed to make it easier for the Philippine logistics sector to do business in the Philippines.
AEB, a Germany-based logistics provider, said it is set to roll out a warehouse management system (WMS) in the Philippines.
IFEX Philippines, the country’s major international food trade show which is set to hold its 16th edition in the World Trade Center Metro Manila in Pasay City from May 26 to 28, 2023, will help Philippine exporters expand their markets overseas, according to the Center for International Trade Expositions and Missions (CITEM).
THE Department of Trade and Industry (DTI) on Monday expressed confidence that its Advanced Manufacturing Workforce Development Alliance (AMDev) Program will boost efforts in tapping the Filipino workforce to strengthen the competencies of the country’s manufacturing sector.
The Chamber of Automotive Manufacturers of the Philippines, Inc. (Campi) and Truck Manufacturers Association (TMA) expressed optimism that the local auto industry’s sales for this year would exceed pre-pandemic levels.
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.
THE Department of Trade and Industry (DTI) announced that a P20-million fund for 2023 was created to jumpstart startups in the creative industry.
THE Center for International Trade Expositions and Missions (Citem) is banking on the 16th edition of IFEX Philippines, the country’s major international food trade show, to further help Philippine exporters expand markets overseas.
THE Philippine Economic Zone Authority (PEZA) and the local government unit (LGU) of Baguio City have signed a pledge, affirming commitment to uphold transparency and accountability such as prohibiting bribery in all activities under their control, among others.
The Philippines produced 8,886 units of motor vehicles in January, a 60.3-percent increase compared to the same period in 2022, according to the Asean Automotive Federation (AAF).
TAIWANESE businessmen are looking at investing in the Philippines, particularly consumer electronics, among others, according to the Philippine Economic Zone Authority.
Trade Secretary Alfredo E. Pascual said women are “great contributors” to the country’s economic growth and expansion post-Covid-19, noting that there are about 313,608 women-led businesses in the country.
THE Makati Business Club (MBC) said it “trusts” that the government will address profiteering to beat inflation.
The Bases Conversion and Development Authority (BCDA) said it wants solar power to energize New Clark City (NCC).
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.
Trade Secretary Alfredo E. Pascual said the Department of Trade and Industry (DTI) would intensify its price monitoring drive to mitigate the effects of rising inflation to consumers.
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).
NONTARIFF measures (NTM) remain a “major hurdle” for exporters in the Philippines and other Asia-Pacific countries, according to a joint report by the International Trade Centre (ITC) and Economic and Social Commission for Asia and the Pacific (ESCAP).
Procter & Gamble (P&G) Philippines inaugurated its diaper manufacturing line in Cabuyao, Laguna on Thursday which is expected to link the country to the global value chain for manufacturing across Asia.
The Intellectual Property Office of the Philippines (IPOPHL) has inked an agreement with the Manila International Airport Authority (MIAA) to prevent the transport of intellectual property (IP) infringing goods and raise awareness on the prohibition of traveling with counterfeit items.
The Department of Trade and Industry (DTI), through the Consumer Protection Group (CPG), said it met with representatives from various e-commerce platforms in the country to address the proliferation of prohibited vaporized nicotine and non-nicotine products being sold online.
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.
THE Semiconductor and Elec-tronics Industries in the Philippines Foundation, Inc. (SEIPI) reported on Wednesday that it recorded US$49.09 billion worth of exports in 2022, a 6.88-percent annual growth from 2021.
Mega Global Corp.’s new manufacturing plant in Sto. Tomas, Batangas will help the government achieve its goal of increasing approved investments in the agribusiness sector by 10 percent annually, according to President Ferdinand R. Marcos Jr.
THE Philippines’s rating remains unchanged in the Women, Business and the Law Index 2023,according to the World Bank.
Trade Secretary Alfredo E. Pascual is eyeing Central Luzon as an “industrial heartland,” which he said has a geographical role in attaining the government’s goal of “solid” economic recovery post-pandemic.
Philippine Exporters Confederation Inc. (PhilExport) President Sergio R. Ortiz-Luis Jr. said the export sector believes that the Philippines’s ratification of the Regional Comprehensive Economic Partnership (RCEP) will result in an increase in exports and job creation.
A survey carried out by the IT and Business Process Association of the Philippines showed 83 percent of IT-BPM companies expect to post growth in 2023 despite a potential global recession, while 17 percent remained neutral with their forecasts.
Grab Philippines said it continues to “proactively” work with the Philippine Competition Commission (PCC) to “exhaust” all possible measures to disburse the remaining 27 percent administrative fee.
Knauf Gypsum Philippines Inc., the leading manufacturer of gypsum board in the country, is asking the Tariff Commission (TC) to cut the tariffs on natural gypsum to zero.
THE Philippine Economic Zone Authority (PEZA) said it has approved 12 new and expansion projects expected to bring P3.80 billion worth of investments in February 2023, a 112-percent increase compared to the P1.792 billion approved in the same period last year.
THE Philippine Competition Commission (PCC) said its investigation for a possible cartel on onions may be done within the next two to three months, once firm evidence of such is found.
The Philippine Competition Commission (PCC) is mulling over the imposition of a fine against Grab Holdings Inc. for its failure to release the full amount of refunds to its users.
The Bases Conversion and Development Authority (BCDA) said it is targeting to remit P5 billion to the National Government in 2023.
Given the extent of economic activities in the Regional Comprehensive Economic Partnership (RCEP) region, Trade Secretary Alfredo E. Pascual has signaled the Philippines’s readiness to attract investors in the country, particularly in the areas of manufacturing and innovation.
THE Board of Investments (BOI) has adjusted its 2023 Investment registration target from P1 trillion to P1.5 trillion following the “strong” investment approvals recorded in January 2023 alone.
DHL Express, a global logistics service provider, said Thursday it has upgraded to the Airbus A330-300, which has a bigger capacity.
FOREIGN business groups said they “look forward” to working with the Philippine government to improve the Philippines’s investment climate in light of the “new opportunities” that the Regional Comprehensive Economic Partnership (RCEP) provides.
The Department of Trade and Industry (DTI) has assured the public of its intensified enforcement activities to ensure the compliance of business establishments with Republic Act No. 11900 (RA 11900) or the “Vaporized Nicotine and Non-Nicotine Products Regulation Act,” and its implementing rules and regulations (IRR).
THE Makati Business Club (MBC) on Tuesday urged members of the Senate to ratify the Regional Comprehensive Economic Partnership (RCEP) which the business group said could help businesses expand abroad and accelerate job creation, among others.
The Makati Business Club (MBC) has thrown its support behind President Ferdinand R. Marcos Jr.’s decision to issue a new executive order (EO) for the creation of the proposed Water Resources Management Office (WRMO) to boost water supply across the country.
The Board of Investments (BOI) said it has recently inked an agreement with the provincial government of Cavite in a bid to further “make it easier” for investors to do business in the province.
The Department of Trade and Industry (DTI), through the Bureau of Philippine Standards (BPS), has ordered the destruction of P737,000 worth of thermoplastic insulated wires and cables in Marikina City to prevent the sale and distribution of these substandard electrical wiring materials in the local market.
The Department of Trade and Industry (DTI), through the Bureau of Philippine Standards (BPS), has prevented the sale and distribution of 600 pieces of substandard equal-leg steel angle bars worth P740,000 in Valenzuela City.
Trade Secretary Alfredo E. Pascual said the launch of the Strategic Trade Management Office (STMO) e-Licensing Platform is a significant stage in monitoring and controlling trade in strategic or military goods and dual-use items.
SAYING the country cannot afford to be left behind much further, local and foreign business chambers have expressed support anew for Senate ratification of the Regional Comprehensive Economic Partnership (RCEP), which top Senate leaders endorsed in plenary last week.
THE Department of Trade and Industry (DTI) assured consumers at the weekend they will have access to affordable basic necessities and prime commodities (BNPCs) amid the global inflation.
THE Philippine mining industry should first have a “clear cut” policy before it can attract investments into nickel processing, according to officials of the Department of Trade and Industry (DTI).
The Department of Trade and Industry (DTI) is hoping that the European Chamber of Commerce of the Philippines (ECCP), along with European companies, will assist in pushing for the resumption of the Philippines-European Union Free Trade Agreement (PH-EU FTA) negotiations.
THE Philippine Competition Commission (PCC) said it has been investigating the high prices of onions for a possible cartel since November 2022.
THE Board of Investments (BOI) said it has commenced the development of the Philippine Plant-based Food Industry Roadmap, starting with an industry appraisal study.
The Department of Trade and Industry (DTI) is urging Mitsubishi Motors Philippines Corp. (MMPC) to enroll its Xpander model in the Comprehensive Automotive Resurgence Strategy (CARS) program.
The Czech Chamber of Commerce sees the Philippines as a “very interesting” market for the Czech economy as the European country looks into spreading out its export activity after bearing the brunt of a series of crises in Europe.
THE Philippines will be able to beat inflation with programs on logistics in place and investments secured for the energy sector, according to Trade Secretary Alfredo E. Pascual.
THE Department of Trade and Industry (DTI) said it is still trying to schedule the next general review for the Philippines-Japan Economic Partnership Agreement (PJEPA), noting that the country has a lot of “offensive interest” in agriculture.
The Intellectual Property Office of the Philippines (IPOPHL) has announced the issuance of the revised rules and regulations on trademarks, service marks, trade names and marked or stamped containers.
The Philippine exhibition industry is poised for a “strong comeback” this year, according to the World Trade Center Metro Manila (WTCMM), a major exhibition venue in the Philippines.
The Chamber of Automotive Manufacturers of the Philippines, Inc. (Campi) said local auto sales could rise by 10 to 15 percent this year.
THE European Chamber of Commerce of the Philippines (ECCP) said it welcomes the creation of the Water Resources Management Office (WRMO) as a transitory body pending the creation of a Water Resource Department.
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.
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).
The Chamber of Automotive Manufacturers of the Philippines Inc. (Campi) expressed optimism that the local auto industry would continue to expand, as motor vehicle sales in January went up by 42 percent year-on-year.
The Board of Investments (BOI) announced it would be inviting global investors in agriculture and food production sectors to invest in Bukidnon’s 40-hectare Industrial zone.
PRESIDENT Ferdinand R. Marcos, Jr. was able to secure over US$13 billion worth of contribution and investment pledges following his five-day official visit in Japan.
THE Board of Investments (BOI) said it had generated P414 billion worth of investments in January, or more than 40 percent of its P1-trillion investments target for 2023.
THE Semiconductor and Electronics Industries in the Philippines Foundation Inc. (SEIPI) cited the benefits of the Indo-Pacific Economic Framework (IPEF) to member-countries of the Association of Southeast Asian Nations (Asean).
PRESIDENT Ferdinand R. Marcos, Jr. on Thursday said he was able to get “billions of pesos worth” of investments from Japanese semiconductor and electronic firms, which are expected to generate over 100,000 jobs.
The Intellectual Property Office of the Philippines (IPOPHL) has inked an agreement with the Integrated Bar of the Philippines (IBP) to support Indigenous Cultural Communities (ICCs) and micro, small, and medium enterprises (MSMEs) in protecting their intellectual property (IP) rights.
The Philippines is seeking expanded cooperation with Japan in the production of semiconductors, electronics and wiring harnesses, according to the Department of Trade and Industry (DTI).
The Department of Trade and Industry (DTI) has approved the price increase requests of manufacturers of bread, sardines, luncheon meat, based on its latest Suggested Retail Price (SRP) Bulletin.
Despite higher interest rates and the threat of a global recession, Albay Rep. Joey Sarte Salceda said GDP growth for this year could hit the low end of the Development Budget Coordination Committee’s (DBCC) target.
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.
The Philippine Economic Zone Authority (Peza) has welcomed the recognition of the ecozone logistics services enterprises (ELSE) as an “eligible activity” in the 2022 Strategic Investment Priorities Plan (SIPP).
THE government and the private sector are now finalizing strategies to improve food security in the country amid inflation woes, according to an official of the Department of Trade and Industry (DTI).
THE Anti-Red Tape Authority (ARTA) has recognized the Department of Trade and Industry (DTI) as one of the government agencies that demonstrated “exemplary performance” based on the results of the administered Report Card Survey initiated by ARTA.
LOCAL industries, including the agricultural sector, should look at the Regional Comprehensive Economic Partnership (RCEP) as a platform of more opportunities that could potentially attract investments in smart agriculture and research and development, among others, according to an official of the Department of Trade and Industry (DTI).
THE Department of Trade and Industry (DTI) said it cannot issue suggested retail price (SRP) bulletin regularly due to “fluctuating factors” such as climate change, and price of fuel, among others.
EXECUTIVES of the local business of Payoneer Global Inc. said the American financial services company aims to intensify “collaborations” with outsourcing leaders in the Philippines.
IKEA, a global home furnishing brand, has recalled one of its mirror products, as it has been “unexpectedly falling.”
The Anti-Red Tape Authority (ARTA) said it would assist in the streamlining of processes and requirements and harmonizing the overlapping mandates on importation and exportation in the processed food sector.
