The Bangko Sentral ng Pilipinas (BSP) reported Monday that gross international reserves (GIR) dipped to $108.799 billion in January from December 2020’s $110.117 billion due to government withdrawals to pay for foreign-denominated loans, and changes in the price of gold. The BSP in a statement...
The Department of Trade and Industry will require motor vehicle dealers to allow outright cash mode of payment as an option amid complaints that buyers are forced to pay on installment basis only where interest rate is usuriously high. DTI Secretary Ramon M. Lopez said at the Senate hearing by the...
By BERNIE CAHILES-MAGKILAT and JEAN FERNANDO The reopening of traditional cinemas is expected to bring back displaced workers and help revive the entertainment industry, which was pegged at P13 billion and employed roughly 300,000 Filipinos before COVID-19 lockdowns and quarantines padlocked...
Amid an apparent take up of the government micro financing facility, Trade and Industry Secretary Ramon M. Lopez has reiterated his call to all micro small and medium (MSMEs) that wish to restart or to strengthen their business operations to avail of the Bayanihan CARES lending fund....
San Miguel Corporation (SMC) is setting the wholesale prices of its pork and chicken products for wet markets at “least cost” to allow distributors and resellers to still make reasonable profits while adhering to government’s 60-day price ceiling in Metro Manila. The company will also...
A committee made up of stakeholders from the Philippine National Federation Inc. (PNVF) will be in charge of the national team selection as the association eyes the Southeast Asian Games gold medal in the coming editions. PNVF President Tats Suzara bared this plan and said the decision will not...
Government should further reopen the domestic economy to prevent job losses resulting from downsizing or closure of a number businesses, the Employers Confederation of the Philippines (ECOP) and the government’s economic managers urged. Trade and Industry Secretary Ramon M. Lopez expressed hopes...
The Philippine National Volleyball Federation Inc. (PNVFI) has prepared a 10-point goal strategy to strengthen the sport in the country. PNVFI President Tats Suzara said the agenda touches issues from the grassroots up to the elite level, including making volleyball the number one family sport...
The departments of trade and industry and the agriculture are finalizing within this week a price cap for imported pork which could even be lower than the existing price ceiling on pork. This was revealed by Trade and Industry Secretary Ramon M. Lopez during the Malacanang public press briefing of...
The Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act can bring in over P200 billion in new investments and generate as much as 2 million additional jobs, according to Trade and Industry Secretary Ramon M. Lopez. According to Lopez, the bicameral approved CREATE will be a big boost...
Top officials of the Philippine National Volleyball Federation Inc. (PNVFI) and some of the country’s volleyball superstars are gracing the special session of the Philippine Sportswriters Association (PSA) webcast Forum on Tuesday. PNVFI President Tats Suzara, Vice President Arnel Hajan, and...
An Inter-Agency Task Force on National Employment Recovery Strategy (NERS) is being constituted to address the alarming high unemployment situation in the country and help Filipinos get back to the new normal. This developed as government agencies led by the Department of Trade and Industry signed...
