SM Retail was proud to celebrate a significant milestone: 20 years of Kultura. This retail brand has championed and supported Filipino craftsmanship, artisan communities, and the circular economy long before these became today's buzzwords. Now two decades old, Kultura has become a favorite among...
The Philippines and the United Arab Emirates (UAE) signed an investment promotion and protection agreement (IPPA) this week to boost bilateral investments between the two countries, the Department of Foreign Affairs (DFA) said. Philippine Ambassador to the United Arab Emirates Hjayceelyn Quintana,...
The inter-agency Fiscal Incentives Review Board (FIRB) has approved the grant of tax incentives to a P10-billion cement manufacturing project of San Miguel Equity Investments, Inc., the Department of Finance (DOF) announced. In a statement, the DOF said on Monday, Jan. 17, that the FIRB, upon the...
The Department of Finance (DOF) said the government will finalize within this month the Strategic Investment Priority Plan (SIPP) of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) law. In a statement, Finance Secretary Carlos G. Dominguez III said on Wednesday, Jan. 12, that the...
The Department of Trade and Industry (DTI) is supporting calls to reopen gyms in Metro Manila, saying that fitness activities are actually essential amid the pandemic. (Photo via Pixabay) "Ang gym sa ngayon pino-propose po natin sa IATF (interagency task force) at pinag-aaralan ngayon ng technical...
Allowing fully-vaccinated individuals in limited dine-in and personal care services in areas under alert level 4 is not a discriminatory move, the Department of Trade and Industry (DTI) said Tuesday, Sept. 14. A restaurant staff cleans a table after the IATF allowed indoor dining in NCR at limited...
As a commitment under the Joint Declaration of the Philippines-Australia Comprehensive Partnership, senior ministers from both countries have endorsed their Plan of Action for 2021-2022 as a significant step towards the elevation of bilateral relations into a strategic partnership in the near...
Global merchandise trade hits record high, confirming the strength of trade recovery from the shock of the COVID-19 pandemic, although the new waves of infection could easily undermine recovery, according to the latest World Trade Organization's (WTO) latest Global Trade Barometer. WTO The Goods...
If he would have his way, Department of Labor and Employment (DOLE) Secretary Silvestre Bello III would not extend the enhanced community quarantine (ECQ) beyond Aug. 20. (File photo/ Screengrab from Zoom meeting) "Frankly my personal position would be to give a break to our workers. Kung ituloy...
Around 160,000 business establishments will be as risk if and when the current enhanced community quarantine (ECQ) in Metro Manila gets extended beyond Aug. 20, Department of Trade and Industry (DTI) Secretary Ramon Lopez said. A restaurant staff cleans a table to prepare for the arrival of diners...
Instead of an extended enhanced community quarantine (ECQ) in Metro Manila, Department of Trade and Industry (DTI) Secretary Ramon Lopez said he would rather have a deescalation of the restriction to a modified enhanced community quarantine (MECQ) with granular lockdowns. DTI Secretary Ramon Lopez...
The domestic plastics industry has been alarmed by the passage in the Lower House of HB 9147 (Single-Use Plastic Products or SUPs Regulation Act) and HB 9171 (Plastic Tax Act), imposing P20 per kg. excise tax on plastic bag products, which seek to curb the plastic waste problem. Photo credit:...
