The Department of Trade and Industry is targeting to generate at least $500 million worth of business agreements from the participation of 46 Filipino firms at the annual China International Import Expo (CIIE). Showcasing products for export from the Philippines during the CIIE 2021 DTI...
Malacanang has ratified the Regional Comprehensive Economic Cooperation (RCEP), a mega free trade deal seeking to grant zero duty on goods traded among 15 countries that account for 29 percent of global gross domestic product. The document was ratified by President Rodrigo Duterte on September 2...
The Securities and Exchange Commission (SEC) has ordered Royal O’ Consultancy Services OPC, Royal O’ International Import and Export OPC, and their affiliate companies to stop soliciting investments from the public. In a statement, the SEC said these firms solicit investments under a scheme...
Ninoy Aquino International Airport (NAIA)-based law enforcement authorities have foiled an attempt to export over P5.1 million worth of "shabu" (methamphetamine hydrochloride) via DHL cargo to three locations abroad. (Photo from BOC) Agents from the Bureau of Customs (BOC) Port of NAIA, together...
A homegrown integrated online platform for exporters expects to bring products of small and medium enterprises exports to 60 countries by next year from the current 23 export markets. In an online briefing, 1Export Trade and Services said that since they started operating in 2016 the products in...
For several years now, the Philippines has been exporting fresh produce to overseas markets that have a high demand for particular fruits and vegetables because it’s a staple in their country’s culture or cuisine. Take, for instance, okra. Many Filipinos enjoy consuming it in several ways...
Senator Manuel “Lito” Lapid is now seeking passage of a bill seeking to amend the “Go Negosyo Act” or Republic Act No. 10644, to expand the scope of the services provided by the Negosyo Centers by empowering them to act as rural export centers. Currently, these “Negosyo” Centers,...
The Philippines will soon start exporting okra or lady’s fingers to South Korea, the Department of Agriculture (DA) bared. (Photo courtesy of the Department of Agriculture) “After the resumption of okra exports to Japan last year, we are opening yet another market access for our okra, this time...
The country’s trade deficit narrowed in March this year as exports registered stronger growth, data from the Philippine Statistics Authority (PSA) showed on Friday, May 7. Based on the PSA preliminary report, the gap in the trade balance, or the difference...
The Philippines' garments manufacturers and exporters are now looking at exporting medical-grade personal protective equipment (PPE) to other countries as the government supposedly continued to show preference for foreign-made products. (MANILA BULLETIN File Photo) "Nakakatawa 'no, tayo magsusupply...
The Philippines has reiterated its request for Australia to grant market access for fresh Cavendish bananas and to lift the anti-dumping measure imposed on the country’s canned pineapples. This was raised at the Philippines – Australia convene 2nd Trade, Investment, and Industry Dialogue led by...
The country’s trade deficit widened by double-digits in February after imports expanded for the first time in nearly two-years, preliminary data from the Philippine Statistics Authority (PSA) showed. MB File (Photo by Ali Vicoy) Based on the PSA report released on Thursday, April 8, the gap in...
