Online purchases and orders via phone calls/SMS of senior citizens (SC) and persons with disabilities (PWDs) must be granted the mandatory discounts as provided under the law, according to two joint memorandum circulars (JMC) prepared by government agencies led by the Department of Trade and...
Philippine business and labor groups have passed a joint resolution calling on the Duterte administration to act on 11 recommendations, including addressing corruption and passage of Bayanihan 3, to ensure safe reopening of the domestic economy and protect lives. The 10 groups under the Leaders’...
The Philippines has batted for a transparent and predictable regulatory environment in the services sector more than providing access to services markets amid an uneven progress among economies in the Asia Pacific Economic Cooperation (APEC). Trade and Industry Secretary Ramon M. Lopez Trade and...
The Department of Finance (DOF) said the Philippines needs the passage of key economic reform measures to bring in more capital and spur job creation in the medium- to long-term. Finance Undersecretary Gil S. Beltran said Friday, Oct. 15, that Congress should pass the amendments to the Foreign...
MTD Philippines, a fully owned subsidiary of Malaysia’s top engineering conglomerate MTD Capital, has announced it is investing P12 billion over the next six years in the country. Patrick Nicholas David, president and CEO of MTD Philippines Inc. and chairman of Bandar Hebat Builders Inc. (BHBI),...
To help employers who are still reeling hard from the effects of the pandemic, the Department of Labor and Employment (DOLE) has suggested offering soft loans for them to pay for their employees' 13th month pay. (FILE PHOTO / MANILA BULLETIN) Labor Secretary Silvestre Bello III said he already...
Only less than 100,000 displaced workers in the National Capital Region (NCR) will remain jobless, but some 300,000 employees are returning to work with the further easing of restrictions and reopening of more establishments at higher operating capacity starting Saturday, Oct. 16. “With most of...
Amid global recovery, the country’s merchandise exports grew by double digits in August, but the expansion was still short to outpace the strong growth in imports that resulted in a wider trade-in-goods deficit. Manila International Container Terminal 1 The Philippine Statistics Authority...
The trade activity in the Philippines is continuing to show recovery, the Department of Finance (DOF) said, but the government should still continue to be vigilant with the prevalence of the highly transmissible Delta variant. In his latest DOF economic bulletin, Finance Undersecretary and Chief...
Domestic downstream plastic products manufacturers have warned the government of dire repercussions should the petition for safeguard duty on imported raw materials High-Density Polyethylene (HDPE) and Low Linear Density Polyethylene (LLDPE) is approved, stating this would affect 417 downstream...
The Philippines targets to become the top exporter of coconut products to China, next to other ASEAN countries like Indonesia, Thailand, Vietnam and Malaysia. The 2020 China Coconut Oil Import Source Countries Statistics as reported by the Embassy of the Philippines in Beijing, the Philippines...
SYDNEY, Australia -- A long-planned round of Australia-EU free trade talks have been postponed, a European official confirmed Friday, after fury over Canberra's decision to cancel a major French submarine contract. (Carl Court/Getty Images) ''The FTA trade round has been postponed for a month until...
