The Federation of Filipino Chinese Chambers of Commerce & Industry, Inc. (FFCCCII) expressed optimism that local economic growth in 2023 could hit between 6.5 to 7.5 percent despite gloomy forecasts by analysts about world economic recession next year. At the same time, FFCCCII members expect...
This development should bode well for the Philippines' burgeoning e-commerce sector. The House plenary (Ellson Quismorio/ MANILA BULLETIN) The House of Representatives unanimously approved on third and final reading Monday, Dec. 12 House Bill (HB) No. 4, or the proposed “Internet Transactions...
The Filipino-Chinese business community has thrown strong support behind Trade and Industry Secretary Alfredo E. Pascual, who is facing opposition on his confirmation at the Commission on Appointments. In a statement, the Federation of Filipino-Chinese Chambers of Commerce and Industry Inc....
Shopee PH Graduate Programs As the e-commerce industry continues to evolve, Shopee seeks to train the next generation of young tech talents and prepare them for a career in e-commerce through its Graduate Programs. Composed of the Global Leaders Program (GLP) and the newly launched Fresh Graduate...
Foreign business groups in the country are keenly watching the proposed creation of a Maharlika Wealth Fund, a Philippine sovereign wealth fund, being pushed in the Lower House. “We are following it with great interest,” said Lars Wittig, president of the European Chamber of Commerce of the...
Trade and Industry Secretary Alfredo E. Pascual expects EU companies, particularly German-owned, to tap the Euro300-billion EU Global Gateway Fund to participate in the Philippines’ infrastructure projects under the Private Public Partnership (PPP) arrangement. Pascual raised this opportunity in...
Online shopping sales in the Philippines continued to be higher than in-store purchases with further growth in e-commerce expected this year, according to FedEx Express (FedEx). “With the holiday season upon us, we anticipate an increase in e-commerce sales," Maribeth Espinosa, acting managing...
Two Japanese firms Junca Global Partner Inc., a pioneering technology firm in Japan’s biotech industry, and Kurabe Industrial have signed investment partnerships with the Philippine Economic Zone Authority (PEZA) for their planned “huge” investment in the country. Tereso O. Panga, PEZA OIC...
German firms operating in the Philippines have projected sluggish business outlook as the impact of the worldwide energy crises and supply chain disruptions continue to affect their operations, according to a Fall 2022 report by the German – Philippine Chamber of Commerce and Industry (GPCCI –...
DTI Secretary Alfredo Pascual, together with panel speakers and e-Commerce industry leaders, at the country’s first e-Commerce congress held at the Philippine International Convention Center As e-Commerce emerges as a vital tool in the country’s economic development, developing this sector...
Bank of Commerce (BankCom), an affiliate of San Miguel Corporation, more than doubled its net income to P1.49 billion in the third quarter of 2022 from the P626 million it reported in the same period last year. In a disclosure to the Philippine Stock Exchange, the bank said its strong performance...
Major cola and beverage drinks producers in the country confirmed shortage in supply of refined premium sugar, a key raw ingredient in their products, while the Philippine Chamber of Commerce and Industry (PCCI) warned that its member food processors are slowing down production because their sugar...
