The Export Import Bank of Korea-Economic Development and Cooperation Fund (KEXIM-EDCF) has sealed a loan to the Philippines to finance the engineering services for the Panay-Guimaras-Negros Island bridges project. In a statement, the Department of Finance (DOF) said that the Philippines and Korea...
Keep your passwords secure with Google Manila Bulletin Tech News can't stress enough how important passwords are. It is a person's first line of defense against illegal access to one's computer, devices, personal information, social media accounts and other electronic accounts the person has. And...
Presidential candidate Ferdinand “Bongbong” Marcos, Jr. has vowed to pursue the construction of the proposed bridge that would link Iloilo, Guimaras and Negros Occidental should he win the presidency in the May 2022 elections. Marcos made the promise during the UniTeam’s political rally at...
Vice presidential aspirant Senator Francis 'Kiko' Pangilinan assured that smugglers in the fisheries sector and "mafia-style" operations in the importation of round scad or "galunggong" will be dismantled in a Robredo-Pangilinan administration. Senator Francis 'Kiko' Pangilinan Pangilinan issued...
The government will distribute direct cash assistance of P5,000 to as many as 59,125 farmers in Nueva Ecija to be funded from the excess rice import tariff collection under the Rice Competitiveness Enhancement Fund (RCEF). The Department of Agriculture (DA) formally launched this week RCEF’s Rice...
The Bureau of Customs (BOC) incurred P3.4 billion in forgone revenues due to lower pork import tariffs, the Department of Finance (DOF) reported on Monday, Nov. 22. The tax collection losses stemmed from the government’s effort to boost the supply of pork and stabilize its retail prices in the...
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...
Revenue collection from imported rice increased this year despite decline in the price of the staple food in the world market, the Department of Finance (DOF) reported Thursday, Oct. 21. Based on the Bureau of Customs report submitted to the DOF, the agency collected P14.3 billion in rice duties...
Philippine Association of Feed Millers Inc. (PAFMI) sees importation as a band aid solution or the “the best route to take” at the moment as Severe Tropical Storm Maring destroyed a significant amount of corn output. Otherwise, consumers will have to deal with an increase in the price of animal...
Three years since the implementation of the Rice Tariffication Law (RTL), the Philippine Center for Postharvest Development and Mechanization (PHilMech), the government agency tasked to mechanize the local rice sector, has only spent merely 6 percent of its total allocation under the Rice...
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...
The Bureau of Customs (BOC) clarified that all commodities flagged by the Commission on Audit (COA) for lack of import permits were released after the correct duties and taxes, including excises, were properly collected. (Photo from BOC Port of NAIA Facebook page) In a statement Monday, July 19,...
