The Philippines has exempted most of the farm produce, including rice, and some industrial products such as cement and auto parts from the Regional Comprehensive Economic Partnership (RCEP) to shield these domestic industries from the impact of the mega trade deal that opens 98.1 percent of the...
Taiheiyo Cement Corporation of Japan is investing P15 billion in the Philippines for the construction of new state of the art production line in Cebu that will increase it capacity by 50 percent in the immediate term. Trade and Industry Ramon M. Lopez said the Japanese principal has given...
Aboitiz Equity Ventures Inc. reported a 47 percent fall in consolidated net income to P8.3 billion in the first nine months of 2020 from the P15.7 billion posted in the same period of last year. In a disclosure to the Philippine Stock Exchange, the firm said it recognized non-recurring losses of P5...
Nikkie Monteclaro of Petra-Roxas ZN reacts after his team pulled a shocker over Sarangani. Nikkie Monteclaro. (Photo from Chooks 3x3) Petra Cement-Roxas ZN scored a 21-17 upset of Sarangani to reach the quarterfinals of the Chooks-to-Go Pilipinas 3x3 President’s Cup quarterfinals Friday at the...
The Department of Trade and Industry (DTI) will tighten cement standards in light of concerns raised by local manufacturers against imported cement, which they alleged to be employing “labeling” tactics. In a statement, the DTI said it will issue a memorandum circular (MC) through the...
Cement importers disputed claims by local cement manufacturers that importation of this construction material dramatically shoot up saying domestic manufacturers are using false data to justify their petition before the Department of Trade and Industry to delay the reduction of the safeguard duty...
San Miguel Corporation (SMC) is planning to buy bigger volumes of plastic wastes to fuel its cement manufacturing facilities as it ramps up efforts to help manage the country's solid wastes and create more livelihood opportunities during the pandemic. San Miguel Corporation (SMC) president and...
All is not well among players in the cement industry with Cement Manufacturers of the Philippines (CeMAP) calling the attention of the Department of Trade and Industry (DTI) to look into a potential standards compliance issue against Philcement Corporation. In a letter to DTI Undersecretary Ruth...
