WTO services regulation talks to continue–DTI
The Department of Trade and Industry (DTI) is optimistic that discussions on services domestic regulation will continue despite…
‘Liberalized renewable energy sector to entice hyperscalers’
A liberalized renewable energy ecosystem is key to attracting hyperscalers—entities providing cloud, networking and internet services—to set up…
DTI-CPG issues SRP list for ‘Noche Buena’ goods
The Department of Trade and Industry (DTI) released on Friday the list of suggested retail prices (SRP) of…
Philippines joins WTO discussion on services domestic regulation
The Philippines has joined the joint initiative on services domestic regulation by the World Trade Organization (WTO). In…
DTI releases SRP list for Noche Buena goods
The Department of Trade and Industry (DTI) released on Friday the list of suggested retail prices (SRP) of…
EnterPH, Creative Zone to assist local start-ups
By Tyrone Jasper C. Piad @TyronePiad Consultancy firm EnterPH teamed up with a Dubai-based business setup advisory company…
Trust index: Covid-19 response most vital
INSTITUTIONS that respond quickly and effectively to crises have earned the trust of the Filipinos who have been…
NPC probes cyber attack on S&R
The National Privacy Commission (NPC) is looking into the cyber attack on grocery chain S&R Membership Shopping. The…
SIM card listing pushed amid text scam surge
A consumer group is calling for the immediate passage of SIM (subscriber identity module) Card Registration bill amid…
Business chambers and groups press congressional passage of EV bill
Local and foreign business groups sought for the immediate approval and ratification of the bill pertaining to electric…
Philippine food sector earns $597.34M from Chinese expo
The Philippine food export industry raked in $597.34 million worth of revenues during the recently concluded Chinese International…
Private sector wants to use Covid jab stock for boosters
SEVERAL business groups asked the government to allow the private sector to use its Covid-19 vaccines as booster…
DTI working to expand list of US GSP-covered items
THE Department of Trade and Industry (DTI) wants to expand the list of products that receive preferential trade treatment…
Global syndicate could be behind scam text surge, privacy chief says
AN organized global syndicate is behind the recent spate of spam text messages offering fake and “too good…
Monetary policy hike in 2022, says Fitch unit
THE Bangko Sentral ng Pilipinas (BSP) is expected to raise the key interest rates by 75 basis points…
BSP urges Pinoys to send cash gifts via digital wallets
DIGITAL wallets are the way to go when sending cash gifts this holiday season, the Bangko Sentral ng…
Peza keeps $100-B export revenue goal
With 2021 nearing its conclusion, the Philippine Economic Zone Authority (Peza) is still upbeat with reaching its $100-billion…
AUB optimistic despite 9-mo income drop of ₧900M
EXECUTIVES of Asia United Bank (AUB) expressed optimism it will meet its P4-billion consolidated net income target this…
DTI to issue SRP for Noche Buena items soon
THE Department of Trade and Industry (DTI) will soon release the list of suggested retail prices (SRP) for…
Peza now allowed to issue two-year visa for foreign investors, workers
The Philippine Economic Zone Authority (Peza) will be able to issue two-year visa for foreign investors and workers…
BOI greenlights ₧53-million power project in Cebu
The Board of Investments (BOI) has approved a P53-million waste heat recovery power generating plant in Cebu, qualifying…
Filipinos find financial freedom in pandemic with cryptocurrency game
(Conclusion) FOR 10 days in July, he prayed for his life; a week later, he played for a…
Amid high freight rates, UN sees price spikes
CONSUMER prices are seen to “significantly” increase in the coming year due to shipping bottlenecks that have forced…
PCCI pitches 10 vital recovery measures
WITH the current administration nearing its conclusion, the Philippine Chamber of Commerce and Industry (PCCI) is calling for…
Remote working setup key to keeping BPO employees
THE business-process outsourcing (BPO) firms may lose employees if they do not offer remote working arrangements moving forward.…
Business chambers, groups press passage of data transmission bill
Several foreign chambers and business groups called for the immediate passage of a bill that is expected to…
‘RCEP will expand exports of local farm goods’
The Department of Trade and Industry (DTI) has warned that the local farm sector, which has expressed opposition…
Restricting trade to hurt countries–WTO
VEERING away from trade integration, re-shoring production and boosting self-sufficiency may not essentially translate to economic resilience, the…
ABAC: Vaccination key to border reopening
The Apec (Asia-Pacific Economic Cooperation) Business Advisory Council (ABAC) stressed the call to ramp up the Covid-19 vaccination…
PCCI sees tourism recovery by summer
THE tourism sector may be able to recover the next summer as vaccination continues to roll out in…
DTI: PHL open to discussion on expansion of Apec EG list
The Philippines is open to tackling the possibility of expanding the Asia-Pacific Economic Cooperation (Apec) List of Environmental…
Easing of tough quarantine curbs fails to boost car sales in October–report
Car and truck manufacturers saw their sales fall by nearly 10 percent in October despite the easing of…
Biz groups urge govt to look into Malampaya stake sale
SEVERAL business groups urged the Senate and concerned agencies to continue looking into the sale transaction of Malampaya…
Apec’s focus: open trading, sustainability and inclusive growth
THE Asia-Pacific Economic Cooperation (Apec) ministers underscored the need to promote sustainability, inclusive growth and open trading, especially…
Filipinos find financial freedom in pandemic with cryptocurrency game
(First of two parts) HE didn’t know if he’d laugh or cry when told that recovering from Covid-19…
Business groups seek ‘immediate’ passage of transport safety bill
Foreign business groups, industry associations and advocacy organizations pressed for the immediate ratification of the bill establishing the…
Local Airbnb hosts earn over ₧207.5M
Filipino hosts of property rental platform Airbnb raked in over P207.5 million in revenues as of end-September. Airbnb…
PHL retailers expect Christmas order hike
LOCAL retailers expect to book higher sales this quarter compared to earlier months due to a surge in…
DTI hopes for US GSP renewal next year
The Department of Trade and Industry (DTI) is hoping that its trade incentives with the United States (US)…
Peza investment approvals in January-September decline by 25%
THE Philippine Economic Zone Authority (Peza) registered a decline of about one-fourth of its investment pledges in the…
ECOP pushes back completion of 1-million job generation goal to January
AN initiative aiming to generate 1 million jobs this year is delaying its timeline by a month due…
Kia PHL keen on building charging stations for EVs
Kia Philippines is open to building its own charging stations as it has set its sights on introducing…
PHL-Japan trade deal review stalls on market-access issue
NO progress has been made with the general review of the Philippines-Japan Economic Partnership Agreement (PJEPA) this year…
New basis for CARS compliance pushed
The Department of Trade and Industry (DTI) is proposing to base the extension of compliance period for Comprehensive…
PHL urged to ratify RCEP immediately
THE Philippines was urged to move quicker with its ratification process for the world’s biggest trade pact as…
BOI likely to miss P905-billion investment goal in ’21–Rodolfo
Despite touting the new corporate tax reform package, the Board of Investment (BOI) may not be able to…
Boost production of medical diagnostic tools, MSF urges
An international humanitarian medical nongovernment group urged to ramp up investments for the medical diagnostics market in Asia…
FMIC, UA&P: Rates to stay at same level
KEY interest rates are not expected to change for the rest of the year amid the projection of…
NPC leads formation of new global privacy working group
The National Privacy Commission (NPC) is taking the lead in creating a new working group tasked with gathering…
US-based biotech firm wants to hire Filipino developers
A United States-based biotechnology company is seeking to employ up to 100 Filipino developers and engineers to handle…
PHL on top 10 sources of cyber attacks list
A BIG portion of human-initiated cyber attacks in the first half came from the Philippines, which is now…
PCCI pushes shift to AL 2 for NCR in next two weeks
The Philippine Chamber of Commerce and Industry (PCCI) backed the proposal to ease the community quarantine measure in…
Group urges firms to adopt green packaging solutions
The business sector should adopt sustainable packaging solutions and invest in the recovery and recycling of these materials,…
Peza asks FIRB: reconsider WFH threshold
THE Philippine Economic Zone Authority (Peza) is asking the Fiscal Incentives Review Board (FIRB) to revisit the implementation…
PPA urged to give up share in cargo-handling revenues
THE local export industry stakeholders want to eliminate the share of Philippine Ports Authority (PPA) in cargo-handling revenues…
BOI greenlights ₧603-million Tuguegarao hospital project
The Board of Investments (BoI) gave its nod on a P603-million hospital project in Tuguegarao City, which is…
Exec: SEA to see more tech start-ups
A venture capitalist sees more startups, especially in the field of technology, emerging in the Southeast Asian (SEA)…
Govt investment promoters rake in ₧5B worth of projects
INVESTMENT promotion agencies (IPAs) recently raked in over P5-billion worth of projects, including electronic vehicle (EV) manufacturing and…
‘Online sellers must monitor social media’
Online retailers need to target their customers in social media platforms by adapting to trends and monitoring their…
Peza, IT-BPM firms to plan next move on work-from-home setup
The Philippine Economic Zone Authority (Peza) is set to meet with information technology-business process management (IT-BPM) firms today…
Developing countries must boost logistics service–WTO
A WORLD Trade Organization (WTO) official urged the developing countries to enhance their logistics industry in pursuit of…
Apeco chief urges senators to okay P153-M budget proposal for 2022
The Aurora Pacific Economic Zone and Freeport Authority (Apeco) urged lawmakers during a Senate committee hearing on Thursday…
Peza’S WFH plea nixed as BPOs eye extension
THE Fiscal Incentives Review Board (FIRB) thumbed down the appeal by the Philippine Economic Zone Authority (Peza) to…
BOI approves ₧26-M health tracking system software project
The Board of Investments (BOI) has approved the P26-million health tracking system software project by Pivotal Peak Digital…
AVID: Pinoys bought fewer imported cars in September
Imported car dealers sold fewer units in September amid “volatile market conditions,” the Association of Vehicle Importers and…
Asean endorses 4IR strategy
The Asean economic community (AEC) council ministers backed the consolidated strategy on the fourth industrial revolution (4IR) during…
PHL digital economy may ‘unlock’ P5 trillion by 2030
THE digital economy of the Philippines may reach P5 trillion by 2030 but it needs to address roadblocks…
PEZA touts halal industry opportunities to investors
THE Philippine Economic Zone Authority (PEZA) has urged Malaysian investors to explore opportunities in the country’s growing halal…
Lipa City courts convict ex-Synergy Bank officers
THE Bangko Sentral ng Pilipinas (BSP) reported on Tuesday that Lipa City courts convicted former officers of the…
Libertad Power’s ₧919-M biomass plant secures nod
The Board of Investments (BOI) has approved the application of Libertad Power and Energy Corp. to build a…
‘No policy rate tweaks anymore for 2021’
WITH the last two monetary policy meetings in 2021, the Bangko Sentral ng Pilipinas (BSP) is likely to…
BOI greenlights ₧549-M irradiation facility in Rizal
THE Board of Investments (BoI) greenlighted the P549-million irradiation facility in Tanay, Rizal, which qualifies for incentives under…
PHL urged to review consumer laws
A peer evaluation has revealed that the Philippines needs to review and amend its existing consumer laws based…
Trade control index: PHL is ‘most improved’
THE Philippines is the most improved country in terms of strategic trade control implementation, jumping to 49th rank…
‘Efficient logistics required with holiday orders’ surge’
WITH Christmas spending and holiday sales just around the corner, an e-commerce solutions provider said online retailers need…
West, Asian nations look at Asean for production
The outlook for the Asean market appears bright despite the pandemic as Western countries and its Asian neighbors…
Health advocacy group asks DTI to back TRIPS waiver
“DON’T waver on the waiver.” A health advocacy organization asked the Department of Trade and Industry (DTI) to…
Central Luzon trade fair rakes in ₧10M in sales
The Department of Trade and Industry (DTI) reported that a Central Luzon trade fair, which seeks to improve…
DTI backs WTO regulations for services sector
The Department of Trade and Industry (DTI) stressed the need for a transparent and predictable regulatory environment for…
SB Corp. to open loan facility for 13th month
THE Department of Trade and Industry (DTI), through its financing arm Small Business Corporation (SB Corp.), is initially…
Further reopening of businesses, economy pressed
Presidential Adviser for Entrepreneurship Jose Maria A. Concepcion said the economy should reopen now so businesses can take…
Neda nixes oil excise halt amid price hikes
A CONSUMER group is asking the government to suspend the excise tax on petroleum products to provide relief…
PHL cinema industry incurs ₧21-B losses in pandemic
THE local cinema industry, which has yet to fully reopen, has incurred about P21 billion in losses since…
BM Exclusive: ‘Illicit tobacco trade thrives, especially in Mindanao’
DESPITE logistical constraints and mobility restrictions in pandemic, illicit cigarettes are still finding their way to the Philippine…
Tough Covid restrictions cut auto sales by 12% in September
Local car manufacturers saw their sales drop by 12.4 percent in September, as all vehicle segments performed poorly…
NPC orders LGUs to duly handle personal data in contact tracing
THE National Privacy Commission (NPC) ordered 58 local government units (LGUs) this month to comply with the privacy…
‘E-commerce regulation a must to boost online transactions’
THE Philippines needs a regulatory framework ensuring the safety and security of online transactions to boost its e-commerce…
Liberalizing public services a delicate balancing act
THINK tanks, government officials and business groups have stressed the need to bring in more foreign direct investments…
IATF eyes reopening of massage parlors, cinemas, arcades–DTI
The Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF) is considering the reopening of other…
IPOPHL wants local SMEs to secure global trademarks
The Intellectual Property Office of the Philippines (IPOPHL) is urging at least 100 small and medium enterprises (SMEs)…
Concepcion presses for ‘clearer’ method in resolving alert levels
Presidential Adviser for Entrepreneurship Jose Maria A. Concepcion called for more transparency in terms of determining the alert…
Lufthansa Technik to rehire ex-workers
Lufthansa Technik Philippines (LTP) is eyeing to rehire previously laid off employees after it has resumed the construction…
Brain drain hits PHL game development industry
THE local game development sector is expected to further flourish despite the pandemic, but the so-called brain drain…
WTO revises outlook: Better merchandise trade growth in 2021
THE World Trade Organization (WTO) upgraded its world merchandise trade growth outlook to nearly 11 percent for this…
Business groups want mobility curbs on unvaxxed population
SEVERAL business groups have reached a consensus that the unvaccinated population’s activities should be limited “for the common…
PCC exec says telco sector ‘not a natural monopoly’
A Philippine Competition Commission (PCC) official agreed with business groups that the telecommunication sector should be excluded from…
Government lender approves ₧5.6-billion borrowing for MSMEs
THE Small Business Corp. (SB Corp.) announced it has approved P5.634-billion worth of borrowings for local micro-scale, small…
Govt finalizing cold-chain industry road map–exec
THE National Cold Chain Committee (NC3) is finalizing the priority actions and programs under the industry roadmap for…
DTI crafts guidelines for online merchants, asks for comments
THE Department of Trade and Industry (DTI), along with other government agencies, is currently developing a joint administrative…
Senate adopts resolution backing leniency in WTO’s TRIPS on Covid vaccine
THE Senate on Wednesday adopted a Senate resolution urging the Executive Department to support current efforts on a proposal,…