The downstream plastics manufacturing industry has strongly opposed plans of the Department of Trade and Industry (DTI) to impose safeguard duty on imported high-density polyethylene (HDPE) and linear low-density polyethylene (LLDPE) pellets and granules stressing such move will only benefit a...
The Department of Finance (DOF) wants to revive the mining industry to create jobs in rural as well as generate revenues for the government’s efforts in rebuilding the economy hit by the pandemic. At the virtual Philippine Business Conference and Expo, Finance Secretary Carlos G. Dominguez III...
World trade shows signs of bouncing back from a deep, COVID-19 induced slump, but World Trade Organization economists caution that any recovery could be disrupted by the ongoing pandemic effects. The WTO forecasts that merchandise trade volume could fall 9.2 percent in 2020 less than the 12.9...
The Philippines and Germany have agreed to strengthen bilateral cooperation in manufacturing, construction and innovation at the successful convening of their inaugural Joint Economic Commission (JEC). The Philippines-Germany Joint Economic Commission Co-Chairs Parliamentary State Secretary Marco...
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...
