The Philippine Rural Electric Cooperatives Association, Inc. (PHILRECA) has expressed its support for the proposal to eliminate the multiple value-added tax (VAT) on electricity, which is expected to result in lower power rates for consumers. In a statement on Thursday, May 22, PHILRECA said the...
President Marcos ' directive for Cabinet resignations has sparked a mix of hope and apprehension in the local financial market, as some view it as a necessary step toward improved governance and economic performance, while others are concerned about potential market volatility during the...
The Philippines remains firm in promoting a rules-based multilateral trading system amid recent upheavals in global trade, such as the United States’ (US) new tariff policy, according to Department of Trade and Industry (DTI) Secretary Cristina Roque. Roque served as the country’s delegate at...
Vehicle sales in the Philippines grew by 2.5 percent in April, which marked the slowest growth in seven months, amid a sharp decline in passenger car sales. A joint report by the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and the Truck Manufacturers Association (TMA) showed...
The Department of Trade and Industry (DTI) is looking to partner with American technology giant Google to pursue investments aimed at enhancing the country’s digital infrastructure and capabilities. Trade Secretary Cristina Roque met with top officials of Google last week on the sidelines of the...
Nearly 600,000 motorcycles were added to Philippine roads in the first four months of the year, as demand for a more affordable mode of transportation continues to attract droves of buyers across the country. The latest data from the Federation of Asian Motorcycle Industries (FAMI) showed that...
While the transmission of key interest rate cuts to lending rates remains uneven in the Association of Southeast Asian Nations (ASEAN), Japanese investment bank Nomura noted that this connection has massively improved in the Philippines. “Relative to the previous cutting cycle, the pass-through...
Department of Foreign Affairs (DFA) Secretary Enrique Manalo said that both China and the Association of Southeast Asian Nations (ASEAN) are committed to finalize the Code of Conduct (COC) on the South China Sea by next year, but clarified that whether that will be legally binding for all parties...
A ranking official of the United States’ Department of State emphasized the need for the 10-member Association of Southeast Asian Nations (ASEAN) to stand against “aggression from outside parties” and maintain freedom of navigation in the Indo-Pacific region. Flags of ASEAN members...
The Management Association of the Philippines (MAP) is pushing the Marcos administration to fast-track the completion of a key project linking North Luzon Expressway-South Luzon Expressway (NLEX-SLEX) Connector Road and Metro Manila Skyway Stage 3. MAP, which comprises the country’s tycoons and...
Amid the ongoing tariff conflict between the United States and China, Chinese Ambassador to the Philippines Huang Xilian urged the Association of Southeast Asian Nations (ASEAN) to be united in addressing “common challenges” and safeguarding its interests and the global economic order. ...
DTI AND ASEAN BAC PH TAKE THE FIRST STEPS FOR AN ASEAN CENTER FOR MSME DEVELOPMENT. In the meeting last April 8, 2025 at the DTI for the planned ASEAN Centre for MSME Development are (from left) ASEAN Business Advisory Council Philippines (ASEAN BAC PH) Executive Director Gil Gonzales Director...
