The Department of Trade and Industry (DTI) is rolling out a ₱2 billion financing program aimed at accelerating the shift to electric vehicles (EVs) among the country’s small-scale transport players. In a statement on Friday, April 17, the DTI said the initiative, managed by its financing arm,...
To further enhance non-fuel revenue, listed fuel distributor and retailer Top Line Business Development Corp. is set to integrate Uncle John’s convenience store as its anchor tenant for all Tier 1 Light Fuels stations. In a disclosure to the Philippine Stock Exchange on Wednesday, April 15, Top...
In its bid to support the development of more efficient, scalable and technology-driven commercial laundry operations in the Philippines, Samsung Electronics Philippines officially introduced its Commercial Laundry Washer and Dryer via Smart Wash Business Solutions, held last March 25 at the SMX...
Business names registered with the Department of Trade and Industry (DTI) rose by seven percent in the first quarter to more than 460,000 compared with the previous year, as higher fuel prices failed to slow the country’s surging entrepreneurial activity. Data from the DTI showed that business...
The national government has streamlined the taxes and fees imposed by local government units (LGUs) on businesses enjoying tax incentives, a move aimed at addressing investor concerns about unfair tax policies. Under Joint Memorandum Circular (JMC) No. 1 dated March 23, the government affirmed that...
The Makati Business Club (MBC) is urging President Marcos to reconsider the use of emergency powers to suspend or reduce fuel excise taxes, warning that such a move would drain revenue essential for supporting vulnerable sectors. In a statement on Wednesday, April 1, the business group said the...
Philippines’ most influential business coalitions pledged on Monday, March 30, to ramp up investments in renewable energy and implement aggressive conservation measures as the government scrambles to insulate the economy from the global oil shock triggered by escalating Middle East hostilities....
The Philippine Exporters Confederation Inc. (Philexport) has expressed strong support for proposed amendments to the Magna Carta for micro, small, and medium enterprises (MSMEs), while stressing that reforms must deliver concrete benefits such as improved access to financing and more favorable loan...
Philippine companies are growing more optimistic about the broader economic outlook even as they scale back plans to expand operations, citing intense market competition and the lingering weight of high interest rates. “Businesses expect steady consumer demand throughout the year. Firms also see...
President Marcos’ declaration of a state of national energy emergency is a calculated move. Clearly, the government intends to stay ahead of a brewing storm. And in an era where geopolitical tensions can send crude prices soaring overnight, timing is everything—and by most expert accounts, the...
The Philippines’ most influential business groups are calling on the Marcos administration to ensure the “well-calibrated” execution of a newly declared state of national energy emergency, warning that the policy’s success hinges on transparent implementation rather than mere bureaucracy....
Cebu-based fuel distributor and retailer Top Line Business Development Corp. plans to tap capital markets this year to fund aggressive expansion of its supply chain and retail footprint following record financial growth. Eugene Erik C. Lim, Top Line president and chief executive officer, said the...
