New laws in the Philippines are expected to support mergers and acquisition (M&A), which declined in 2022 to $8.1 billion in value for 33 deals from $9.961 billion in 2021, as companies capitalize on this strategy to expand and grow their business, according to consultancy firm PwC Philippines....
The Department of Trade and Industry (DTI) on Friday, Dec. 23, issued the list of certified fireworks that the public should buy, and strongly reminded consumers to avoid fireworks that have no “PS” or the Philippine Standard mark. The DTI listed 14 certified fireworks brand to guide consumers....
President Ferdinand "Bongbong" Marcos Jr. expressed confidence that Trade Secretary Alfredo Pascual will continue his "wholehearted service" to the country as the latter is reappointed to his position. President Ferdinand 'Bongbong' Marcos Jr. administers the oath of Trade Secretary Alfredo Pascual...
At least half of all cigarettes sold in Mindanao were smuggled, depriving the government of much needed revenues to fund basic services, the anti-smuggling advocacy group FIGHT Illicit Trade Movement (FIGHT IT) said. Jesus Arranza, FIGHT IT chairman said cigarette smuggling in Mindanao has...
The Association of Southeast Asian Nations-European Union (ASEAN-EU) business summit in Brussels will bolster sustainable trade and investment between the two regions as Asia’s regional bloc prepares for more challenges amid a post-pandemic economic recovery, President Ferdinand “Bongbong”...
Imports continued to outpace the country’s exports, but at a much narrower level, the Philippine Statistics Authority (PSA) reported. The PSA said on Tuesday, Dec. 13, that the country’s trade gap, or the difference between the value of export and import, dropped 13 percent to $3.3 billion in...
Trade and Industry Secretary Alfredo E. Pascual has accomplished and implemented various programs from investments to facilitating IT scholarships of students from low-income families since his appointment as DTI chief by President Ferdinand Marcos Jr. in July this year. According to the DTI, a...
The Department of Trade and Industry (DTI), through its Fair Trade Enforcement Bureau (FTEB), stopped the sale of tires for automotive vehicles worth P254,332.74 during its focused technical regulations enforcement along Tomas Mapua Street, Sta. Cruz, Manila, on Dec. 1, 2022. Consumer Protection...
The Philippines should strengthen some fundamental concerns and address key constraints to arrest the country’s inability to capture trade and investment opportunities and compete with the rest of the ASEAN region, according to a senior World Bank economist. Jaime Frias, World Bank senior...
TUGUEGARAO CITY, Cagayan – The 16th Padday na Lima Regional Trade and Investment Fair of the Department of Trade and Industry in Region 2 (Cagayan Valley) from Nov. 25 to Dec. 1 earned over P4 million. PHOTO shows merchandise for sale at the recent Padday na Lima trade fair in Tuguegarao...
The Philippine Travel Agencies Association (PTAA), the largest and most prestigious travel agency association in the country is always at the forefront in helping advance the travel industry’s growth and expansion. For next year, PTAA is launching its annual and most anticipated travel event,...
Senator Sherwin Gatchalian has filed a bill seeking to amend the country’s Consumer Act in order to strengthen the rights of consumers and protecting them from hazardous and substandard products. Gatchalian made the call as consumer spending accelerates ahead of the Christmas and New Year’s Eve...
