The Philippines' motorcycle sales surged last year as Filipinos sought affordable transportation amid traffic woes and the rise of e-commerce and ride-hailing services. Data from the Federation of Asian Motorcycle Industries (FAMI) showed that motorcycle sales in the Philippines jumped past 1.6...
Philippine industry groups are calling on the Marcos administration to reconsider the Sugar Regulatory Administration’s (SRA) order imposing permits and fees for importing sugar alternatives, warning that it could trigger high prices in beverages and confectioneries. In a letter to President...
Bicol Saro Partylist Representative Brian Raymund Yamsuan is now pushing for a measure that seeks to grant cash incentives of up to P1 million to film makers, literary writers and other performers in the creative sector who will win major awards in international competitions. In filing House...
The Philippine manufacturing sector showed signs of recovery in October, with factory production declining at a slower pace compared to the previous month. According to the Philippine Statistics Authority's (PSA) Monthly Integrated Survey of Selected Industries (MISSI), the Volume of Production...
While imports picked up from its August decline, exports and factory output continued declining to a two-month low mainly due to seasonal demand shifts, the Philippine Statistics Authority (PSA) reported Wednesday, Nov. 6. Total exports in September 2024 were valued at $5.96 billion, showing an 8.9...
More motorcycles were added to Philippine roads as sales swelled to over 1.2 million units as of end-September this year, the latest Federation of Asian Motorcycle Industries (FAMI) report showed. FAMI's updated database this week showed that the five member-companies of the Motorcycle Development...
The Department of Trade and Industry (DTI) stated that the imposition of value-added tax (VAT) on digital service providers (DSPs) will promote healthy competition in the local market. In a statement on Wednesday, Oct. 16, DTI Secretary Cristina A. Roque said that this measure levels the playing...
Albay 2nd district Rep. Joey Salceda (Rep. Salceda's office) Albay 2nd district Rep. Joey Salceda underscored on Wednesday, Oct. 2 that the Philippine creatives sector--which covers artists, artisans, producers--were "the biggest winners" in...
The Department of Trade and Industry (DTI) said it is committed to attract foreign investment and fostering a conducive business environment, particularly for "new generation" industries. Acting Secretary Cristina A. Roque met with representatives from Marubeni Corp. on September 12 to...
The Philippine creative industries are a vibrant fusion of tradition and innovation, showcasing the country's rich cultural heritage alongside contemporary artistic expression. Spanning music, film, visual arts, and fashion, these industries play a role in the economy while serving as platforms for...
The Philippine Statistics Authority (PSA) reported a substantial increase in factory production in July, driven by gains in electronics, transportation, and food sectors. Preliminary results from the PSA’s Monthly Integrated Survey of Selected Industries (MISSI) revealed that the Volume of...
The government will inject around P110 million into the country’s arts sector, such as game development and animation. Department of Budget and Management Secretary Amenah F. Pangandaman has approved the issuance of a special allotment release order and its corresponding notice of cash allocation...
