Ayala Corporation Chairman and CEO Jaime Augusto Zobel de Ayala has been welcomed into the Council for Inclusive Capitalism by the Vatican and the global non-profit coalition of business and public sector leaders. The council is working to build a “more trusted, fair, responsible, dynamic, and...
The Department of Agriculture (DA) has been formally asked by its legally mandated arm for stakeholders' participation, Philippine Council for Agriculture and Fisheries (PCAF), to withdraw its petition to lower import tariff rates on pork. Instead, PCAF is proposing for the government to allow the...
Aside from the local livestock industry, the Philippine government also stands to lose if the Department of Agriculture’s (DA) proposal to reduce the tariff on pork imports will be given the green light. This was according to a resolution adopted by the Philippine Council for Agriculture and...
The Export Development Council (EDC) has approved a revised Philippines exports growth target to $105 billion by 2022 or 19.23 percent lower than the original forecast of $130 billion taking into consideration impact of pandemic and weaker global demand. “The revised targets are lower than...
The Olympic Council of Asia (OCA) has rescheduled the Asian Indoor and Martial Arts Games (AIMAG) to March 10 to 20, 2022 due to the ongoing pandemic crisis. In a statement, OCA confirmed the postponement of the quadrennial event initially scheduled May 21 to 30 in Bangkok and Chonburi Province,...
Multisectoral groups, comprising of 51 largest and widely-represented private sector associations, have urged for the immediate enactment of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill to boost market confidence, save jobs and provide instant relief to businesses’...
The 6 th Asian Beach Games has been postponed for the second time due to the pandemic. In a recent statement, the Olympic Council of Asia (OCA) deemed it necessary to move the event following growing concerns over the coronavirus particularly on a potentially more dangerous variant discovered...
President of the Olympic Council of Asia (OCA) Ahmad al-Fahad al-Sabah holds a placard announcing Doha as the host of the 21st Asian Games 2030 during the 39th OCA General Assembly Meeting in Oman's capital Muscat on December 16, 2020. (Photo by Haitham AL-SHUKAIRI / AFP) Doha will host the 2030...
As a result of the government’s decision to regulate the issuance of import permits on rice, the Philippines will now end the year with slightly lower imports of the staple. Despite this, the country is still poised to retain its status as the world’s top rice importer. In its latest report on...
The Philippines and Hungary signed three memorandum of understanding and agreed to push further bilateral economic relations with targeted sectors for cooperation, particularly startups, at the recent Second Session of the Philippine-Hungarian Joint Commission on Economic Cooperation held in Makati...
The Philippines has been advised to push for a more doable sectoral bilateral trade agreement with the US before rolling to a more comprehensive free trade agreement, if not push for a wider US-ASEAN FTA under the new Biden administration. Amb. Michael W. Michalak, senior vice-president and...
Typhoon Ulysses’ damage and losses to the agriculture sector grew to P12.8 billion, from the previously reported P4 billion, due to production losses at farm commodities like rice, corn, high-value crops, among others. This is according to Department of Agriculture (DA) Spokesperson Noel Reyes,...
