Authorities busted an online-enabled illicit vape operation in Bulacan, seizing over 18,000 vape products and counterfeit tax stamps due to a coordinated effort between the Bureau of Internal Revenue (BIR) and the National Bureau of Investigation (NBI). In a statement, BIR Commissioner Romeo...
Low-cost carrier Cebu Pacific is closely monitoring the potential fallout from the reimposition of the United States’ new tariff policy on its record ₱1.4 trillion deal to purchase aircraft from European manufacturing giant Airbus SE. In October last year, the Gokongwei-led airline finalized a...
The Department of Trade and Industry (DTI) reported a 71 percent surge in approved investments to ₱3.54 trillion under the Marcos administration from July 2022 to April 2025, driven largely by renewable energy projects. In a statement, Trade Secretary Cristina A. Roque said the total includes...
Philippine exports to the United States (US) continued to grow, while imported goods from China slid in April—when US President Donald Trump imposed tariffs on America 's trading partners. The latest preliminary data from the Philippine Statistics Authority (PSA) on Friday, May 30, showed...
For years, real estate value followed a familiar pattern: central business districts commanded a premium, while peripheral areas offered affordability in exchange for longer commutes. But the post-pandemic landscape has reshaped that logic. In a world shaped by shifting work models, rising...
The Philippines’ first free trade agreement (FTA) with a Middle Eastern country is expected to be signed next month with the United Arab Emirates (UAE), which will likely set the stage for more substantial investments from sovereign wealth funds. In a business forum hosted by the Dubai Chamber of...
Many developing economies, including the Philippines, are expected to lose their competitiveness in the United States (US) market once the currently suspended tariffs imposed by the Trump administration are reinstated, according to the United Nations Conference on Trade and Development (UNCTAD)....
Japanese cement company Taiheyo Cement Corp. expressed its gratitude to the Department of Trade and Industry (DTI) over its decision to impose provisional safeguard duties on cement imports that were found to be harming the local industry. In February, the DTI imposed duties of ₱400 per metric...
Top South Korean companies, including the conglomerate Lotte Group, are planning to invest and expand into the Philippines, with a focus on food service, franchising, and retail modernization. In a statement, the Department of Trade and Industry (DTI) said Secretary Cristina Roque met with...
Sy-led SM Prime Holdings, Inc., one of Southeast Asia’s largest integrated property developers, is investing ₱1.7 billion for the construction of SMX Center for International Trade and Exhibitions (SMXCITE) — a large-scale venue rising within the SM Mall of Asia (MOA) Complex. The firm said...
The Department of Trade and Industry (DTI) has seized nearly ₱130 million worth of uncertified electrical and electronic products last year, as the agency intensified its monitoring against potentially dangerous goods. Based on DTI data, 358,717 goods were confiscated in 2024, with a retail value...
The Senate Committee on Ways and Means on Monday, May 19 expressed firm belief that reducing taxes is not the solution to help curb illicit tobacco trade but that strengthening enforcement against such activities is still the best course. Sen. Sherwin Gatchalian, chairman of the ways and means...
