WHILE the IT and Business Process Management (IT-BPM) industry is seen to grow in 2025,  the industry will have to recalibrate revenue and employment targets of its roadmap by mid-2025 in order to factor in the “macro environment” impacting global dema...

NEGOTIATIONS for a free trade agreement between the 27-member European Union and the Philippines are expected to deliver “well and fast” as talks are set to resume on February 10 in Manila, according to the EU ambassador to the Philippines. 

THE Toyota Group expects receipts from the exports of auto parts to reach $1.21 billion by the end of 2024, a 3-percent decline from the $1.26 billion recorded in 2023 due to the slowdown in demand in the United States and Japan.

INCREASED imports of cement have prompted the Department of Trade and Industry (DTI) to conduct a preliminary safeguards investigation to determine whether the volume of cement being imported into the Philippines is causing “serious injury” to the loc...

THE Department of Trade and Industry (DTI) is seeking industry inputs on trade deals and digital trade initiatives including the Philippines-European Union Free Trade Agreement (PH-EU FTA), World Trade Organization (WTO) E-Commerce Joint Statement Ini...

MANILA is pinning hopes on British investors who can provide more opportunities for the Philippines to cut poverty rate to single digit.

THE development of the Greater Manila Bay Area as a strategy to attract more investments to the Philippines will be looked into in the coming months, according to Office of the Special Assistant to the President for Investment and Economic Affairs (Os...

BRICK-AND-MORTAR retailers are calling on the government to track the transactions of online retailers in order to present more accurate data to the public and to level the playing field among Philippine retailers, according to the Philippine Retailer...

Global automotive brands Omoda and JAECOO announced the arrival of Omoda vehicles, including an electric vehicle model, in the Philippines.  

THE Philippine Economic Zone Authority (Peza) said it approved P45.48 billion in investments in the first half of 2024, up 37.82 percent from the P33 billion investments it approved in the six-month period last year. 

WHILE the Philippines’s overall ranking in the 2024 IMD World Competitiveness Ranking did not change, the annual report cited high prices of goods and food security as some of the challenges to watch out for this year. 

THE Management Association of the Philippines (MAP) said it backs the Anti-Red Tape Authority’s (Arta) mission of fast-tracking the implementation of Infrastructure Flagship Projects (IFPs), saying this is needed to transform the economy.

Budget hotel chain Red Planet plans to open more branches in Visayas and Mindanao in the next five years as it is optimistic about its growth prospects in the Philippines. 

Holcim Philippines said it is allotting some P2 billion for segregation and waste collection facilities and solar projects in the next three years.

THE National Food Authority Council on Thursday approved a higher buying price range for palay to give the government corporation the “flexibility” to compete with private traders in securing supply and help rice farmers earn more from their harvest.

THE Philippines is banking on the development of infrastructure such as bridges and railways as it aims to reduce the cost of logistics from 25.5 percent to 15 percent of the total cost of goods, according to the Supply Chain Management Association of...

MANILA is laying the groundwork as it prepares, among others, the incentives framework for banana farmers ahead of the ratification of the free trade deal with South Korea, according to a Trade official.

A FREE trade deal with the 27-member bloc European Union (EU) will be “instrumental” in Philippine locators’ goal of making the country the “ideal base” for offshore operations by EU firms, according to the Philippine Economic Zone Authority (Peza)....

THE 22 American companies that flocked to the Philippines for a Trade mission are investing over a billion dollars into the country, expecting to create educational opportunities for over 30 million Filipinos in the form of digital upskilling, among o...

Global sports retail brand Decathlon said it opened a new store in Cebu City, its first store outside Mega Manila.

AFTER five days of negotiations at the 13th Ministerial Conference, Manila underscored the importance of the World Trade Organization (WTO) despite unresolved issues in areas such as agriculture, dispute settlement reform and fisheries subsidies.

MEMBERS of the World Trade Organization (WTO) have agreed to maintain the current practice of not imposing duties on electronic transmissions until March 31, 2026, or the 14th Ministerial Conference (MC14), taking into consideration the economic, fina...

MEMBERS of the World Trade Organization (WTO) have agreed to maintain the current practice of not imposing duties on electronic transmissions until March 31, 2026, or the 14th Ministerial Conference (MC14), taking into consideration the economic, fina...

EU carbon tariff will have limited impact on climate change–ADB

WITH the upcoming 13th World Trade Organization (WTO) Ministerial Conference (MC13),Manila will champion reforms which include achieving “meaningful” outcomes on agriculture negotiation to achieve a “permanent” solution for public stockholding for foo...

PHILIPPINE exports will still perform better than its peers in Asean this year amid the economic slowdown in Japan and European countries, which are among Manila’s top export destinations, according to the Philippine Exporters Confederation Inc. (Phil...

SHIPPING rates are costlier in the Philippines than in neighboring countries in Southeast Asia, with more weight placed on port charges compared to regional economies, according to a study conducted by BlueFocus Infrastructure Advisors (BIA) SL, a tra...

Unilever Philippines, the subsidiary of multinational consumer goods company Unilever, said it is targeting to grow its revenues by at least 5.6 percent this year.

Brunei Darussalam’s Intellectual Property office (BruIPO) tapped Intellectual Property Office of the Philippines (IPOPHL) to extend its search and examination services to its patent applications, according to IPOPHL.

HOME Credit Philippines Inc. (HCPH) marked its tenth year of operation in the country with 10 million borrowers, having secured 22 million credit contracts, 17 million of which are point-of-sale (POS) financing.

THE Philippine Economic Zone Authority (Peza) said it approved P2.21 billion in investments in the first month of 2024, which it said is expected to create1,337 direct jobs. However, the investment approval figure in January 2024 is a decline from the...

AMID the issues hounding the shipping landscape, Trade and Industry Secretary Alfredo E. Pascual said increased demand for Philippine exports, among others, would propel the Philippine economy in 2024 as the country aims for the status of the “Rising ...

With the Greenhills Shopping Center landing anew on the United States Trade Representative’s (USTR) 2023 “notorious markets list” (NML) for counterfeiting and piracy, the Intellectual Property Office of the Philippines (IPOPHL) said it continues to wo...

A technical working group (TWG), which will be spearheaded by the Department of Justice (DOJ) and composed of the Department of the Interior and Local Government (DILG), Department of Agriculture (DA) and the Department of Trade and Industry (DTI), wi...

THE Association of Southeast Asian Nations (Asean) Macroeconomic Research Office (Amro) sees a weaker momentum for the Philippines, but notes that it will still post the highest growth in the Asean region in 2024.

WHILE it has yet to release a “position” on Charter change,the Management Association of the Philippines (MAP) said amendments to the Constitution should revolve around ownership caps and industry limitations to address the issues that hamper the coun...