Japan has urged the Philippines to implement policies and measures to strengthen its participation in the global value chains (GVCs) and to resist the temptation of quick-fix solutions, otherwise lose its competitiveness, including the country’s top dollar earner IT-business process...
With the West Philippine Sea already legally opened by the government for oil and gas exploration, Energy Secretary Alfonso G. Cusi has intensified his call on neighbor-countries in the Southeast Asian region to join in the ‘upstream exploration ventures’ in Philippine waters. In his address at...
The Department of Finance (DOF) challenged the Climate Change Commission (CCC) to call for justice before the international community as the Philippines continues to bear the devastating impact of global warming. Even the Philippines is among the world’s lowest emitters of greenhouse gases,...
ASEAN economic ministers have agreed to refrain from introducing trade-restrictive measures on essential goods associated with combating the global pandemic to ensure smooth flow of these items across borders. Trade and Industry Secretary Ramon Lopez. (ALFRED FRIAS/PRESIDENTIAL PHOTO FILE PHOTO)...
Trade and Industry Secretary Ramon M. Lopez joined the Trade Ministers from the Member States of the Association of Southeast Asian Nations (ASEAN) and its five trade partners—Australia, China, Japan, Korea, and New Zealand—in signing the historic mega trade deal Regional...
After 8 years of negotiations, trade ministers from 15 countries are set to sign tomorrow, Nov. 15, the China-backed Regional Comprehensive Economic Partnership (RCEP), creating the world’s biggest free trade area (FTA) agreement. “The RCEP has finally been concluded and finalized by all trade...
HANOI, Vietnam (AFP) - Fifteen Asia-Pacific nations are set to sign an enormous free trade deal at an online summit that started Thursday, with the pact seen as a coup for China in extending its influence across the region. Once signed, the Regional Comprehensive Economic Partnership (RCEP) will be...
A large majority (92%) of Filipinos postponed big ticket purchases during this pandemic period and instead spent most of their time socializing with family over social media and online streaming shows, according to a study. Marianne Mendoza, head marketing UPS for Indonesia and...
Philippine businesses do not see significant change in the US business relations either under a Democrat or a Republic leadership as they look for better economic opportunities in other countries having perceived the US government giving more support to other ASEAN countries than the Philippines,...
Production and sales of motor vehicles in the ASEAN region dropped by as much 41 percent in the January-August period this year with the industry still reeling from the pandemic, data from the ASEAN Automotive Federation (AAF) showed. Based on the AAF data published in its website, motor vehicle...
Yokowo Co., Ltd. has chosen the Philippines as location for its automotive wiring harness and components manufacturing and assembly operations after conducting due diligence spanning over 12 among ASEAN countries. In a statement, the Department of Trade and Industry said Yokowo plans to...
The Philippines experienced the highest increase in the usage of shopping apps in Southeast Asia in the second quarter this year, according to a report on the impact of COVID-19 on online shopping behaviors among six countries in the region. Data from iPrice Group’s Map of E-commerce report, in...
