The Department of Finance (DOF) has commended President Duterte and the members of Congress for the enactment of a law that will further liberalize the economy and open up the country to more foreign direct investments (FDIs). Finance Sec. Carlos Dominguez III In a statement, Finance Secretary...
President Duterte has made it easier for foreigners to invest in the Philippine retail sector. (Mark Balmores/ File photo/ MANILA BULLETIN) This, after Duterte signed into law Republic Act (RA) No.11595, which amended RA No. 8762 or the two-decade old Retail Trade Liberalization Act. The full title...
The Pharmaceutical and Healthcare Association of the Philippines (PHAP) said it is closely coordinating with the government on pharmaceutical security as some areas in Metro Manila are experiencing shortage of supply of certain paracetamol brands following the surge in COVID cases. PHAP “We are...
A nationwide mobility restriction on the unvaccinated has been strongly pushed by Presidential Adviser on Entrepreneurship Jose “Joey” Ma. Concepcion III to protect them from the highly transmissible Omicron variant and as the way forward to sustain recovery and open the economy safely....
The Department of Health (DOH) assured on Tuesday, Jan. 4 that there is no ongoing shortage of paracetamol and other drugs for flu-like symptoms. A sign has been posted at a drugstore along Taft Avenue in Manila notifying people of out-of-stock medicines due to a shortage in supply amid another...
Trade and Industry Secretary Ramon M. Lopez As much as 200,000 workers would be out of work and P200 million in economic losses as the National Capital Region returns to stricter health restrictions on rising COVID-cases in the capital. Trade and Industry Secretary Ramon M. Lopez Trade and Industry...
The Department of Trade and Industry (DTI) has apprehended and issued 50 letters of inquiry to business establishments and profiteers that took advantaged of the crisis in Typhoon Odette-affected areas in Visayas and Mindanao. DTI Secretary Ramon M. Lopez reported during President Duterte’s...
The Philippines should maximize the tax incentives being offered under the Republic Act 11534 or the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act to attract more foreign direct investments, according to a foreign business leader said. Chris Nelson, executive director, British...
The Department of Trade and Industry (DTI) is looking at helping micro, small and medium enterprises (MSMEs) affected by Super Typhoon Odette. DTI Assistant Secretary Ann Claire C. Cabochan said this as Typhoon Odette caused massive destruction not just on agriculture but also business...
Trade and Industry Secretary Ramon M. Lopez has ordered DTI regional offices to run after business owners who are profiteering and unduly hiking prices of consumer goods in typhoon- hit areas in the Visayas and Mindanao. Trade and Industry Secretary Ramon M. Lopez “I have instructed our Consumer...
A total of 51 agriculture groups – composed of farmers, fishers, and producers – have joined forces to sign a petition against the mega trade deal, Regional Comprehensive Economic Partnership (RCEP). The groups think the deal will result in further “import surges, price depressions, and...
The country’s total agricultural trade reached $5.93 billion during the third quarter of this year, increasing at an annual rate of 14.8 percent amid the continuously increasing imports. Data from the Philippine Statistics Authority (PSA) showed that during the third quarter of 2021, agricultural...
