The Board of Investments (BOI) expects to sustain its P1 trillion investment generation level next year and growth in exports albeit at a slower pace. Trade and Industry Secretary Ramon M. Lopez, who is also chair of the BOI, said that despite the challenges of the pandemic, the...
(Ali Vicoy/Manila Bulletin) The Philippines net foreign direct investments (FDIs) declined by 8.6 percent to $4.832 billion for the first three quarters this year as against $5.289 billion in the same period last year as the COVID-19 pandemic continued to dampen investor sentiments. “The decline...
Trade and Industry Secretary Ramon M. Lopez expressed hopes that the unemployment rate in the country could go back to the pre-COVID level as he expects wider reopening of the domestic economy and easing of quarantine restrictions by the first quarter next year. Trade and Industry Secretary Ramon...
Trade and Industry Secretary Ramon M. Lopez has raised the possibility of discontinuing some of the P33-billion worth of procurement projects being undertaken by the Philippine International Trading Corp. (PITC). Lopez said this at the House committee on trade and industry virtual meeting,...
Trade and Industry Secretary Ramon Lopez said the latest jobs report by the Philippine Statistics Authority (PSA) indicates that the country is on the right track towards recovery. Lopez noted that PSA’s Labor Force Survey (LFS) recorded an employment rate in October at 91.3 percent, the highest...
The Department of Trade and Industry (DTI) has given in again to the demand of domestic cement manufacturers as it hiked the second year safeguard duty to P9.80 on 40-kilogram bag imported cement, almost at the same level as last year’s P10 duty and higher than the original P9 duty it ordered...
The Philippine Sports Commission is hoping to start the training of some national athletes by January next year in a bubble at the Inspire Sports Academy in Calamba, Laguna. “We’re all set, we’re just waiting for the go signal from the IATF (Inter-Agency Task Force),” said PSC chairman...
Lower goal of $122 B in 2022 ‘doable’ The Philippine Export Development Plan (PEDP) is currently under review whether or not the country’s export target, even the lower end-target of $122 billion in 2022, is still doable given the continuing challenges posed by the COVID-19 pandemic. Trade...
Bienvenido Maranon of United City FC celebrates after scoring a goal against Mendiola FC. during PFL match. (Photo from PFL website) Bienvenido Maranon took another step in his bid to suit up for the Philippine Azkals after a bill seeking to make the Spanish striker a naturalized citizen was...
The Lopez group of companies is planning to use First Philippine Holdings Corporation to buy for up to P17.5 billion all the public shares of Lopez Holdings Corporation which it plans to eventually delist from the bourse. In disclosures to the Philippine Stock Exchange, Lopez Holdings said...
Dyson, the world’s leading advanced technologies firm, yesterday announced the setting up a dedicated software laboratory in the Philippines to expand its operation in the production of intelligent and advanced machines with embedded software, firming up the country’s major role in the...
Trade and Industry Secretary Ramon M. Lopez is amenable to a proposal to review the mandate of the Philippine International Trading Corp. (PITC), which is alleged to have P33 billion in “parked” funds for the procurement projects of various government agencies. Trade and Industry Secretary...
