Government agencies have issued a Joint Administrative Order (JAO) providing for a “safe harbor” that will make online platforms also liable for the violations committed by their online merchants as government tighten its watch amid burgeoning e-commerce transactions in the country. JAO 2022-01...
Trade deficit, which is the difference between the value of export and import of a country, jumped by 63 percent in the first month of the year as Filipinos bought more foreign-made products, the Philippine Statistics Authority (PSA) reported on Friday, March 11. Data from the PSA showed that the...
The newly signed Amended Foreign Investments Act (FIA) has created an Inter Agency Investment Promotion Coordination Committee (IIPCC), which will establish a comprehensive marketing plan in the promotion of investments into the country as the law opens up economic sectors to 100 percent foreign...
Senatorial candidate Herbert “Bistek” Bautista on Friday expressed belief that a reliable and faster internet connection in the country is possible especially if Filipino and foreign investors would merge resources to service communities who are out of reach of the top three telecommunication...
The Illegal drug trade will continue in the country as long as there are people addicted to them, Philippine Drug Enforcement Agency (PDEA) Director General Wilkins Villanueva said on Wednesday night, Mar. 2. Villanueva made the comment when pressed why illegal drugs from foreign distributors...
A deescalation to Alert Level 1 in the National Capital Region and key cities and provinces would readily create 500,000 jobs, but this should ramp up to 800,000 over time or close to recovering the employment lost during the pandemic in the entire country, Trade and Industry Secretary Ramon M....
The Department of Finance (DOF) said the recently approved amendments to retail trade liberalization law along with other economic loosening initiatives will support the continued recovery of trade and economic activity in the country. Finance Undersecretary Gil S. Beltran said the nearly a quarter...
• In the Philippines, the value of that illegal trade is estimated at P50 billion per year • DENR reminded those who purchase any wildlife species to observe the Wildlife Resources Conservation and Protection Act of 2001 or the Republic Act (RA) 9147. • The Wildlife Traffic...
NEDA cites 3 crucial economic measures By Chino S. Leyco The National Economic and Development Authority (NEDA) has identified three economic liberalization measures that are crucial in accelerating economic growth this year and beyond. In a statement, Socioeconomic Planning Secretary Karl Kendrick...
Taiwan Excellence: Sharing is Caring, a global philanthropic campaign launched by Taiwan’s Bureau of Foreign Trade (BOFT), Ministry of Economic Affairs that seeks to address environmental and social problems through the use of Taiwan Excellence-winning products, announced the top three winning...
Trade deficit ballooned last year as Philippine purchases of goods from abroad outpaced the rise in sales of locally-made products following the further reopening of the economy from quarantine restrictions. The Philippine Statistics Authority (PSA) reported on Thursday, Jan. 27, that the...
Voting 16-0, the Senate on Wednesday concurred in the ratification of the Arms Trade Treaty (ATT). Sixteen senators voted yes, there were no negative votes but six of them abstained during the voting on the approval on third reading of Senate Resolution No. 960. The Philippines adopted the ATT on...
