Conglomerate Ayala Corp. said there are “persistent gaps to close” in several sectors in the Philippines, including education, health and agriculture.

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).

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.

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 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.

ONLY seven percent of 28,000 entrepreneurs studying under the training arm of the Department of Trade and Industry (DTI) applied to become exporters.

STAKEHOLDERS including major digital platforms in the Philippines said the signing of the Internet Transactions Act (ITA) will help protect both online consumers and merchants and will propel the growth of digital economy.

PRICES of over 150 stock keeping units (SKUs) of Noche Buena products such as cheese, sandwich spread, ham, fruit cocktail, keso de bola, and mayonnaise have increased, according to the 2023 “mock-up” Noche Buena Price Guide of the Department of Trade...

THE Intellectual Property Office of the Philippines (IPOPHL) expressed confidence that it will exceed last year’s record of intellectual property (IP) filings and gross income.

THE European Chamber of Commerce of the Philippines (ECCP) is lobbying the Bureau of Customs (BoC) to simplify requirements that its members say make it “difficult” to import goods.

The Management Association of the Philippines (MAP) on Friday said it is supporting the restrictions imposed by the Department of Transportation (DOTr) on the access and use of the EDSA Busway, but pointed out that only the “most essential” exemptions...

Half of the businesses engaged in German-Philippine economic relations said they are in a “better business situation,” but underscored the need to employ more as they cited the “lack of skilled workers” among the top issues in the business landscape i...

THE 14 member countries of the US-led Indo-Pacific Economic Framework (Ipef) on Tuesday inked a “prosperity agreement” which aims to develop supply chain resilience to generate more jobs and reduce poverty, among others.

ESTABLISHING a centralized online portal to implement programs that will upskill, re-skill and train the digital workforce in the country is among the goals set under the newly-released guidelines of the Philippine Digital Workforce Competitiveness Ac...

THE Makati Business Club (MBC) said the growth goal of the country should be 7 to 8 percent not just for this year but in the next 10 years, as this is the “only way” Filipinos can enjoy the life they deserve.

The Bases Conversion and Development Authority (BCDA) is looking for a joint venture (JV) partner for the “commercialization” of information and communications technology (ICT) facilities in New Clark City (NCC), which will also handle the expansion, ...

The Department of Trade and Industry (DTI) said it is planning to subsidize more online courses given the poor connectivity in the country, and provide skills-based tax incentives for employers in line the agency’s goal to tap artificial intelligence (...

THE American Chamber of Commerce of the Philippines, Inc. (AmCham) is backing the government’s plans of giving more incentives to both manufacturers and consumers of electric vehicles (EV), noting that the country should take advantage of the law on el...

THE Philippine Exporters Confederation Inc. (Philexport) has expressed optimism that the country still has a “fighting chance” of meeting exports target for 2023 amid geopolitical conflicts such as the war in the Middle East and fluctuating price of fu...

THE National Economic and Development Authority (Neda) said inflation may start easing this month as it is seeing less pressure on domestic prices because of the availability of certain food items and the “timely” arrival of imports.
The post ‘Bumper c...

The Board of Investments (BOI) said it is optimistic of hitting its initial investment approvals target of P1 trillion by the end of October.
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THE Philippine Chamber of Commerce and Industry (PCCI) has expressed concern that the conflict in the Middle East, which could result in oil price hikes across the globe as well as the Bangko Sentral ng Pilipinas’ (BSP) plan to raise interest...

THE Board of Investments (BOI) has issued amendments to the 2022 Strategic Investment Priority Plan (SIPP) in relation to Mass Housing.
The post BOI amends SIPP for Mass Housing first appeared on BusinessMirror.

TRADE and Industry Secretary Alfredo E. Pascual said more business agreements have been signed with Australian firms particularly in the areas of energy and research.
The post DTI: Energy, research projects top new deals with Aussie firms first appeare...

THE Bureau of Internal Revenue  (BIR) has won the P1.26-billion tax case filed by one of the world’s largestfood and beverage companies, Nestle Philippines, Inc.
The post Tax court rules for BIR in ₧1.26-B Nestle bid for refund of sugar tax f...

THE skills needed for jobs globally may change by at least 65 percent by 2030 as rapid developments in artificial intelligence (AI) accelerate workplace change, according to major professional network platform LinkedIn.
The post AI to spur 65% worksite...

Improved government spending may drive the country’s GDP growth to as much as 5.2 percent in the third quarter, according to a local think tank.
The post ‘Government spending will boost GDP growth in Q3’ first appeared on BusinessMirror.

THE Philippine Chamber of Commerce and Industry (PCCI) has inked an agreement with the Department of Trade and Industry (DTI) to establish a partnership between the government and the business community to leverage on free trade agreements (FTAs), pref...

THE Philippines went down six notches in the Institute for Management Development’s (IMD) World Talent Ranking (WTR) from 54th in 2022.
The post PHL down 6 notches in IMD Talent Ranking first appeared on BusinessMirror.