The Philippines lagged behind ASEAN countries in logistics development and investments as it concentrated in the services sector, but the country is expected to catch up as opportunities for investors abound. During a virtual webinar on Freeports to Free Shipping: The Evolution of Manufacturing,...
Global beverage giant Coca-Cola today announced the appointment of home-grown and returning Filipino talent Tony Del Rosario as president of Coca-Cola Philippines starting January 1, 2021. Del Rosario will also serve as vice-president of franchise operations for Coca-Cola East Region (PH,...
A major motorcycle manufacturer is relocating its engine production and assembly facilities from two ASEAN countries for consolidation in the Philippines, while a copper processing venture is keen on locating in Leyte, according to the Board of Investments (BOI). BOI Managing Head Ceferino S....
The Department of Trade and Industry (DTI) today released the regional information campaign materials as the agency warned consumers of misleading advertisements being peddled by enterprises to lure customers. “The DTI enjoins the general public to always practice your rights and responsibilities...
Despite the expected Malacanang approval of the CREATE bill following Senate passage, the Management Association of the Philippines (MAP) said there is still so much to do to attract foreign direct investments. “We still have a lot of work moving forward. The restrictive provisions in our...
The Philippines has been advised to push for a more doable sectoral bilateral trade agreement with the US before rolling to a more comprehensive free trade agreement, if not push for a wider US-ASEAN FTA under the new Biden administration. Amb. Michael W. Michalak, senior vice-president and...
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...
