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...
THE Philippines secured $1.53 billion or P86 billion worth of investments from 12 business deals signed with Australia during a business forum on the sidelines of the Asean-Australia Special Summit held in Melbourne on Monday.
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...
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...
LOCAL industry players are encouraged to export more creative goods and services, particularly in the areas of graphic design and software, among others, as the country aims to become the top creative economy in the Association of Southeast Asian Nati...
Philippine food exporters to China should have their registration renewed, according to the Import and Export Food Safety Bureau of the General Administration of Customs of the People’s Republic of China (GACC).
The Department of Trade and Industry (DTI) clarified its primary mandate in granting discounts to senior citizens (SC) after the agency was flagged for “not being at the frontline” to ensure that establishments are adhering to the law.
THE Board of Investments (BOI) said it is eyeing around P1.3 trillion to P1.5 trillion worth of investment approvals for 2024, with Renewable Energy (RE), RE equipment manufacturing, and mineral processing investments seen occupying a larger chunk of ...
ATTACKS on commercial vessels in the Red Sea will put pressure on freight cost especially for cargo from Europe and Africa, according to the president of the Association of International Shipping Lines Inc. (AISL).
GOVERNMENT should ensure that its promotion of long weekends will not compromise the competitiveness of industries, according to the Philippine Chamber of Commerce and Industry (PCCI).
THE consumer protection arm of the Department of Trade and Industry (DTI) announced it would release an updated Suggested Retail Price (SRP) bulletin of basic necessities and prime commodities within the first quarter of the year.
THE country’s exports could grow 5 to 6 percent in 2024, with the electronics sector as the growth driver, according to an official of the Philippine Exporters Confederation Inc. (Philexport).
THE Philippine Economic Zone Authority (Peza) said it wants to achieve P202 billion to as much as P250 billion worth of investments in 2024. It described this goal as the level of investment approvals posted by the agency during the leadership of a fo...
Tiktok, Quadgen Pharmaceutical and Greenstone Pharmaceutical HK Inc. have recently joined the agreement initiated by the Intellectual Property Office of the Philippines (IPOPHL) which aims to promote collaboration in combating intellectual property (I...
The American Chamber of Commerce of the Philippines (AmCham) said it has appointed its first female president, Sara Murphy, who is currently the chief of Capital One Philippines.
MANILA is eyeing to get a “respectable” market share of the firms pivoting from China, particularly in the semiconductor industry, as part of its “catch-up plan” to reverse decline in exports amid the global economic slowdown.