The Department of Trade and Industry (DTI) is working to finalize a comprehensive economic partnership agreement (CEPA) with the United Arab Emirates (UAE), a move aimed at strengthening economic ties between the two nations. DTI Secretary Cristina A. Roque recently met with the UAE's Minister of...
President Marcos has issued Executive Order (EO) No. 70 which aims to boost the country's film industry by strengthening the Film Academy of the Philippines (FAP). File photos Executive Secretary Lucas Bersamin, by authority of the President, signed the Order on Oct. 2. In his EO, Marcos cited the...
The Philippine Chamber of Commerce and Industry (PCCI) said that the imposition of value-added tax (VAT) on non-resident digital service providers creates a fairer competitive landscape for local businesses. In a statement, Enunina Mangio, PCCI president, said the recent signing of the VAT on...
President Marcos has appointed Jaime Alfonso Antonio Eder Zobel de Ayala as Member of the Department of Trade and Industry’s Inter-Agency Investment Promotion Coordination Committee. Zobel will be Private Sector Representative from the National Capital Region for a term of three years, said...
The recent Dot Property Philippines Awards celebrated the real estate industry excellence that paves the way for greater achievements and vigorous growth in the coming years. Aside from recognizing the outstanding work of real estate developers, brokers, and agents during the past year, “the...
The Bureau of Immigration (BI) said it will help expedite the departure of foreigners working with Philippine Offshore Gaming Operators (POGOs) or Internet Gaming Licensees (IGLs). BI Officer-in-Charge Commissioner Joel Anthony Viado said the bureau and other government agencies decided “to...
Over the years since the pandemic, more shops have opened up in the food and beverage (F&B) industry, allowing more restaurants and cafes to flourish in the country. According to Business Monitor International (BMI), growth in the food and drink sector will remain strong for 2024 and...
A resolution that was crafted during the leadership of suspended Energy Regulatory Commission (ERC) Chairperson Monalisa C. Dimalanta is threatening to cripple Officer-in-Charge Jesse Hermogenes T. Andres from performing his function, because he is being prohibited by that supposed rule to call for...
A Filipino seafarer taking his oath. (File photo) The Maritime Industry Authority (Marina) sought the help of lawmakers to create more legislations that would help fast-track the development of the country’s maritime industry. Luisito Delos Santos, director for Planning and Policy Service of...
Leading oil firm Petron Corporation has successfully raised P16.83 billion from its preferred shares offering, which was rated to have been 1.3 times oversubscribed versus initial target. “The proceeds from the offer will be used to redeem the company’s Series 3A Preferred Shares and fund...
The Department of Energy (DOE) is eyeing to improve the incentive regime for the upstream petroleum industry with the proposed ‘special allowance’ to be extended to operators in marginal petroleum blocks, as well as new plays and frontier acreages. In a draft DOE Circular, it has been...
Senator Alan Peter Cayetano renewed his pitch for the proposed Philippine Natural Gas Development Act—a measure that is crucial for the country’s goal of achieving long-term energy security. Earlier, his sister, Sen. Pia Cayetano, chairperson of the Senate Committee on Energy, sponsored...
