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...
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...
Diversified conglomerate San Miguel Corporation reported that it is nearing completion of the P352 million sustainable community in Sariaya, Quezon. This is the site of the integrated agro-industrial complex the company will build to generate jobs and help the local and national economy build...
San Miguel Corporation (SMC) today (Dec. 1) reported "generally smooth" traffic along its expressways and toll plazas on the first morning of their 100% cashless toll collection. As of 10:45 AM, traffic at the STAR Tollway, Southern Luzon Expressway, the Skyway System, NAIA Expressway, and the...
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...
The Philippines has identified 90 investment leads with estimated initial project cost of $24.1 billion that are expected to materialize within a year, according to Trade and Industry Secretary Ramon M. Lopez. Lopez, who is also chair of the country’s premier investment promotion and generation...
The collapsed girder of the Skyway extension project in Cupang, Muntinlupa (MCDDRM Rescue Team / MANILA BULLETIN) San Miguel Corporation (SMC), the head of concession holder of the Skyway Extension construction project has vowed to care for the victims of the recent accident that occurred in Bgy....
Trade and Industry Secretary Ramon M. Lopez expects the decline in the country’s GDP and unemployment rate will further slowdown to single digit in the last fourth quarter of this year as the economy continued to reopen. “We’re hoping for a single digit decline by the fourth quarter,” said...
Uy-led UC Malampaya Philippines Pte. Ltd. is seeking resolution of the P27.3-billion dispute on capacity payments for the 1,200-megawatt Ilijan gas-fired power project; and it formally lodged this concern in a Senate hearing as one of the major issues that the company wants to be accorded with...
A year of changes By Jose Ostonal Lavanderas , oil on canvas, by Fernando Amorsolo Despite the lull in business activity as a result of the pandemic, the art auction scene has managed to survive and even thrive. Leading auction house León Gallery will close the year with its annual last-quarter...
Photo from ONE Championship Geje Eustaquio became the lone Filipino and Team Lakay fighter to take home a win in ONE Championship held at the Singapore Indoor Stadium recently. Eduard Folayang, Lito Adiwang and Kevin Belingon of Team Lakay and Kyokushin Karate Champion Ramon Gonzales all lost to...
