The Philippines has a very limited production and exports volume of fructose syrup and as such it will not be affected by the decision of Indonesia to slap safeguard duty on the said product. Trade and Industry Export Marketing Bureau Director Senen Perlada (Photo credit:...
The Philippine government is looking at financial rehabilitation of Northern Foods Corporation (NFC), a struggling government-owned tomato processing firm established during the administration of President Ferdinand Marcos, to make it...
US President Donald Trump is not a taxpayer in the Philippines, but private companies “with his name” could have had paid levies to the Bureau of Internal Revenue (BIR), Finance Secretary Carlos G. Dominguez III clarified today. WASHINGTON, DC - AUGUST 13: U.S. President Donald Trump...
The NLEX Corporation today announced it is hiring over 1,500 technical and skilled workers to ensure its P23 Billion, 8-kilometer, North Luzon Expressway (NLEX) Connector road will be finished next year. However, the tollway operator gives priority to overseas Filipino workers (OFWs) displaced due...
Energy Secretary Alfonso G. Cusi As the government is keen on evaluating the joint venture deal proposed by Davao businessman Dennis A. Uy, Energy Secretary Alfonso G. Cusi indicated that they will start studying the ‘buyout proposal’ for the 45-percent majority interest of Shell Philippines...
The Duterte administration has so far borrowed close to $10 billion to fund the national government’s coronavirus response, the Department of Finance (DOF) said. In a statement, Finance Secretary Carlos G. Dominguez III said the national government’s financing support for COVID-19 from...
The Department of Transportation (DOTr) and the Philippine National Railways (PNR) this Sunday (Sept 27) awarded the three remaining civil works contract packages for the P51 Billion Clark Phase 2 project - the Malolos-Clark extension of the North-South Commuter Railway System. The award of the...
Rich Filipinos were eating way less beef during the pandemic, resulting in significantly lower production nationwide, as the prolonged lockdowns forced restaurant to temporarily shutdown operations. Photo credit: ( Photographer: Daniel Acker/Bloomberg file) The latest Global Agricultural...
The Department of Energy (DOE) has approved the construction timeline applied for by FGEN LNG Corporation, a joint venture of Lopez-led First Gen Corporation and Tokyo Gas Co. Ltd., for the US$300 million floating storage regasification unit (FSRU) project so it can bring liquefied natural gas...
From its original request of a P280-billion annual budget for next year, the Department of Agriculture (DA) may only end up with P129 billion for 2021, already including the portion of the stimulus package it has been requesting supposedly for this year. Agriculture Secretary William Dar...
The Bureau of Customs (BoC) was told to speed up its audit of rice import transactions in 2019, as well as the collection of unpaid tariffs and penalties from erring importers, so it could look into more recent cases of undervaluation in rice importation. This was after the agency reported that it...
American energy giant Chevron Corporation packed its bags out of the country early this year after finalizing the sale of its 45% stake in Malampaya to Filipino businessman Dennis Uy. Previous to this, data from the Petroleum Association of the Philippines showed an exodus of deep-pocketed...
