The country's goods purchases from abroad rose at a much faster pace than the sales of Philippine-made goods overseas, bringing the nation’s trade deficit in September to its widest in nearly three years. The Philippine Statistics Authority reported on Friday, Nov. 5, that expenditures for...
The establishment of a centralized weighing scale to be called “Timbangan ng Bayan” in all public and private markets will be mandatory under a bill endorsed for enactment in the House of Representatives. The House Committee on Trade and Industry has submitted for plenary deliberation House...
The Federation of Free Farmers (FFF) urged the Senate to defer the ratification of the Regional Comprehensive Economic Partnership (RCEP) trade agreement pending the conduct of consultations with farmers. 42933 In a statement, the FFF pointed out that the Department of Agriculture (DA) has not...
ShopeePay, Shopee’s integrated mobile wallet, has partnered with GHL Systems Berhad, to expand digital payment acceptance in the Philippines. In a statement, Shopee said, the partnership has brought its cashless payment solutions for businesses and consumers to over 83,000 merchant points...
The Board of Investments (BOI) has approved the P603 million general hospital project of Cagayan United Doctors Medical Center (CUDMC) to augment the high demand for hospital capacity in Region. The general hospital level 2 CUDMC, located in Tuguegarao City, is a five-story hospital that will cater...
EDITORIAL The Philippines and Korea have concluded negotiations for a bilateral Free Trade Agreement (FTA), more than two years after both countries agreed to achieve a comprehensive and future-oriented trade deal. A joint statement issued Tuesday, Oct. 26, announcing the conclusion of the FTA...
The Philippines and Egypt are mulling possible trade and investment opportunities for both nations, the Department of Foreign Affairs (DFA) said Wednesday, Oct. 27. Philippine Ambassador to Egypt Ezzedin H. Tago receives a token from Vice President of the Cairo Chamber of Commerce Ahmed El-Wasimi...
President Duterte has welcomed the signing of the Philippines-Republic of Korea (ROK) free trade agreement on Tuesday, Oct. 26. (Photos from Malacañang/ Unsplash) Speaking during the 22nd ASEAN-ROK Summit, Duterte says the trade pact is "needed for our economies to recover and bounce back,"...
Philippines and Korea have concluded negotiations paving the way for bilateral free trade agreement (FTA) that would further liberalize trade in goods between the two countries, including gradual elimination of tariffs on Philippine bananas and canned pineapple exports and exports of Korean...
Department of Labor and Employment (DOLE) Secretary Silvestre Bello III urged workers to report employers that are imposing a "no vaccine, no salary" policy as he reiterated that the practice is illegal. DOLE Secretary Silvestre Bello III (Photo from DOLE Facebook page) In a virtual media briefing...
Online purchases and orders via phone calls/SMS of senior citizens (SC) and persons with disabilities (PWDs) must be granted the mandatory discounts as provided under the law, according to two joint memorandum circulars (JMC) prepared by government agencies led by the Department of Trade and...
Philippine business and labor groups have passed a joint resolution calling on the Duterte administration to act on 11 recommendations, including addressing corruption and passage of Bayanihan 3, to ensure safe reopening of the domestic economy and protect lives. The 10 groups under the Leaders’...
