MB file photo The Philippine Metalworkers Alliance (PMA-SENTRO) has called for a review of the automotive industry development plan stating the imposition of the safeguard measure is not enough to save the domestic automotive industry and stop car companies' exodus from the Philippines. PMA...
The Export Development Council (EDC) has approved a revised Philippines exports growth target to $105 billion by 2022 or 19.23 percent lower than the original forecast of $130 billion taking into consideration impact of pandemic and weaker global demand. “The revised targets are lower than...
Trade and Industry Secretary Ramon M. Lopez will formally ask the Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF) to allow younger kids, 10 years old from the current 15-year-old cap, to go out of their homes to further boost economic activities as the local...
Trade and Industry Secretary Ramon M. Lopez said the $1.9 trillion “rescue plan” announced by President-elect Joe Biden bodes well not just for the quick recovery of the US economy, but the entire world as well. “On the surfaces, it should be pretty positive. Definitely, we need...
The Department of Trade and Industry is consolidating a list of micro small and medium enterprises (MSMEs) that may also want to order COVID-19 vaccines. DTI Secretary Ramon M. Lopez said National Task Force Against COVID-19 Chief Implementer and Vaccine Czar Secretary Carlito Galvez Jr. has...
Trade and Industry Secretary Ramon M. Lopez preferred the passage of pending economic bills that will open certain domestic industries to majority foreign ownership rather than tinkering the Constitution or charter change (cha-cha). At the "Laging Handa" briefing, Lopez explained that as a matter...
Advocacy group Philippine Business for Education (PBEd) on Thursday unveiled its recommendations for a comprehensive set of reforms to address the learning crisis in the country. “With a learning crisis on our hands and the future of millions of Filipinos at stake, what we need now is a...
After connecting North and South of Metro Manila with its P70 billion Skyway 3, San Miguel Corporation (SMC)'s next move is to link East and West of the metropolis via the P95.40 Billion Pasig River Expressway (PAREX). "By providing seamless access between north and south, we unlock the true...
San Miguel Corporation (SMC) is set to fully open all seven lanes of the 18-kilometer Skyway Stage 3 elevated expressway from the South Luzon Expressway in Alabang to the North Luzon Expressway, after official ceremonies on January 14, Thursday afternoon. In preparation for the opening ceremony,...
Leading oil firm Petron Corporation rescued the country’s only petroleum refining facility from near-shutdown after securing approval on its application as registered enterprise of the Authority of the Freeport Area of Bataan (AFAB). The non-closure of its refinery business was confirmed by...
The reimposition of the 40 percent tariff on mechanically deboned meat (MDM) will bring in additional P5.5 billion revenues to the country, but will only mean minimal increase in prices for consumers, according to Samahang Industriya ng Agrikultura (SINAG). SINAG made this case as it formally...
PSC commissioner Ramon Fernandez The Philippine Sports Commission (PSC) has earmarked around P15 million for the upcoming training of the Tokyo Olympics hopefuls in boxing, taekwondo and karate under a bubble setup at the Inspire Sports Academy in Calamba, Laguna. "Well, I think a little over 15...
