Three of the country’s largest business groups have backed the expansion of benefits provided by state-run Philippine Health Insurance Corp. (PhilHealth), but stressed that timely and complete premium payments are crucial to sustain the national health insurer’s finances and further widen...
The Philippines is pushing for an exemption from the proposed 12.5-percent tariff on its imports into the United States (US), arguing that existing trade policies have not been proven to facilitate the importation of goods produced with forced labor. In a July 6 submission to the Office of the US...
Asiabest Group International Inc. (AGI), the shell company acquired by construction tycoon Francis Lloyd Chua, is seeking shareholder approval to fold in infrastructure and real estate assets at a valuation significantly lower than initially projected. In a statement, the investment company said it...
Canadian communications technology firm TELUS Corp. plans to increase its investments in the Philippines in the coming years to support the growth of its artificial intelligence (AI)-related services, according to the Department of Trade and Industry (DTI). In a statement, the DTI said the company...
The Chinoy Actors of the Philippines (CAP) celebrated its 2nd Anniversary in partnership with the Federation of Filipino-Chinese Chambers of Commerce and Industry, Inc. (FFCCCII). The evening was hosted by CAP President Diane Pascual and Founder Derrick Yu. Among the distinguished guests were Abang...
The Department of Agriculture (DA) is banking on the creation of a private sector-led export group to help the government harmonize standards for ube (purple yam), helping the local sector capitalize on the commodity’s growing global appeal. DA-Bureau of Plant Industry (BPI) Director Gerald Glenn...
The Bureau of Plant Industry (BPI) expects the United States (US) government to soon grant its request for expanded market access for fresh pineapple exports, as it works to widen the reach of homegrown commodities. BPI Director Gerald Glenn Panganiban said he is “hopeful” that the US Animal...
A stronger nation begins with empowered communities—and empowered communities begin with opportunities. Recognizing that meaningful employment and entrepreneurship are equally important drivers of economic growth, SM Supermalls and Go Negosyo continue to strengthen their partnership through...
Today’s piece is a reflection on the fuel marking program (FMP), a topic that is the current buzz in business circles and one close to my heart as a chemist by education and a nosy journalist by profession. That’s right, Virginia, I’m joining the fray. I will try to go deep into the...
More than 25 American business executives and investors will visit the country next week for a business mission as the United States (US) seeks to deepen its economic ties with the Philippines, which recently secured upper-middle-income status. In a statement, the Department of Trade and Industry...
The Department of Trade and Industry (DTI) is planning to leverage the sustained demand for agricultural commodities to maintain the positive momentum of the country’s exports amid ongoing global uncertainties. Trade Secretary Cristina Roque said the country’s export performance in May reflects...
The Philippine Chamber of Commerce and Industry (PCCI) warned that the newly mandated ₱85 daily minimum wage hike could exacerbate inflation and force businesses to accelerate automation, calling for government intervention to lower the cost of living instead of relying solely on wage...
