Despite economic challenges, British businessmen remained confident in the Philippine economy and growth in bilateral trade, especially on the growing exports of pork and strong interest in the country’s infrastructure. Chris Nelson, Chairman of British Chamber of Commerce of the...
The Anti-Red Tape Authority (ARTA) has expressed its willingness to enter into a memorandum of understanding (MOU) with the Joint Maritime Committee (JMC) of foreign chambers of commerce to expand the reach of the country's Ease of Doing Business (EODB) law to the business sector and the economy....
San Miguel Corporation’s (SMC) affiliate Bank of Commerce (BankCom) booked a 79 percent jump in net profit to P1.59 billion in the first semester of 2023 from the P886.91 million in the same period last year. In a disclosure to the Philippine Stock Exchange, the bank said the results were...
European businessmen believe that the stream of foreign direct investments (FDI) and trade into the Philippines will increase substantially in the coming months and years following increased momentum in interest from EU countries and the brighter prospects for a free trade deal between the two...
A large majority of European companies in the Philippines have prioritized the resumption and successful conclusion of the EU-Philippines free trade agreement talks, a survey by the European Chamber of Commerce of the Philippines (ECCP) showed. Based on the survey, 80 percent of the respondents...
House Speaker Martin Romualdez (Speaker’s office) House Speaker Martin Romualdez seized the opportunity Wednesday afternoon, June 21, to highlight the proposed Maharlika Investment Fund (MIF) before members of the American Chamber of Commerce in the Philippines (AmCham). This, as the proposed...
The Department of Trade and Industry (DTI) said there are more unresolved than resolved consumer complaints filed against e-commerce platforms, warning them of maximum penalty, including P300,000 fines and getting banned from operating and selling online. DTI Undersecretary Ruth Castelo said at the...
Trade and Industry (DTI) Secretary Alfredo E. Pascual has ordered two big e-commerce platforms to explain consumer complaints about deceptive, unfair, fraudulent, and unconscionable online sales practices. Except for the terms “two big e-commerce” platforms, Pascual did not divulge the names of...
Around 50 percent of online shoppers in the Philippines are now engaged in cross-border shopping, with sales accounting for 24 percent of the entire e-commerce market in the country, according to a recent report from JP Morgan.
Trade and Industry Assistant Secretary Glenn Penaranda cited the JP...
President Ferdinand "Bongbong" Marcos Jr. has assured that the "healthy relationship" between the government and Filipino-Chinese business leaders will continue under his leadership. President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of Malacañang) Marcos stated this when he led the oath...
The Philippine government is strongly urged to fast track the Senate concurrence of the Foreign Account Tax Compliance Act (FATCA) and lift or amend the Bank Secrecy Law to leverage the country’s position in combating financial crime, and promote transparent, effective reporting system, and...
European businesses in the country would like the Philippine government to eliminate import duties for European automotive brands as part of the measures for adoption in the proposed EU-Philippine Free Trade Agreement (EU-PH FTA). This forms part of various recommendations in the Automotive Advocacy...
