Optimism in the domestic franchising sector has shifted to a high gear, according to a recent survey by the Philippine Franchise Association (PFA). Dr. Carl Balita (Photo credit: http://www.pfa.org.ph/) Dr. Carl Balita, chairman of the recent five-day Philippine Franchise Asia Virtual...
Trade and Industry Secretary Ramon M. Lopez said they will issue an advisory to the mayors and local government units (LGUs) allowing them to determine the extent of further reopening of business establishments from the current 50 percent. Trade and Industry Secretary Ramon Lope (ALFRED FRIAS /...
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 banking community reiterated Friday that as they were consulted by the Bangko Sentral ng Pilipinas (BSP) before putting a limit on credit card rates and fees, they are supporting this move to “ease the burden” of cardholders amid the public health crisis. “We support this initiative by...
Bilateral trade between Philippines and Germany substantially dropped in the first half of 2020 mainly due to the impact of the COVID-19 quarantines that disrupted global supply chains. Martin Henkelmann, executive director of the German Philippines Chamber of Commerce and Industry (GPCCI), who...
Sumitomo Wiring Systems, Ltd., a subsidiary of Sumitomo Electric, is investing in a wiring harness manufacturing facility in Pangasinan that would generate 10,000 jobs. Trade and Industry Secretary Ramon M. Lopez said the project is located in the Northluzon Aero Industrial Park (NAIP). The...
The domestic automotive industry has urged the Department of Trade and Industry to reconsider its safeguard investigation on imported cars as sales took a dive in August. A joint report by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck Manufacturers Association...
The 46th Philippine Business Conference and Expo, the country's largest annual business gathering, happening on October 7-8, will carry the theme innovation@ph. Organized by the Philippine Chamber of Commerce and Industry, this year PBC will highlight the call for businesses to innovate, which has...
Exports from the Authority of the Freeport Area of Bataan (AFAB), home to the country’s biggest leather goods manufacturers, declined by 23.69 percent following weak global demand that caused temporary closure of some firms and the retrenchment of at least 18,000 workers. AFAB Administrator...
Trade deficit in the agriculture sector fell during the second quarter of the year amid lower imports and exports, a Philippine Statistics Authority (PSA) showed. The Philippines’ agricultural trade slowed down in the second quarter of the year – with its value slumping by 20 percent to US$4.07...
Jimmy Bondoc A group of performers led by Jimmy Bondoc will hold an online concert dedicated to President Rodrigo Duterte. Bondoc, a staunch supporter of the Duterte administration, said they came up with the idea seeing the President’s tireless effort amid the COVID-19 pandemic. The singer...
