The United States (US) is taking the lead in the development of the long-delayed Sangley Point International Airport (SPIA) through the funding of a new feasibility study, as part of its commitment to boost economic activity within the Luzon Economic Corridor (LEC). The US Trade and Development...
Smuggled cigarettes and raw tobacco materials worth ₱3.3 billion were confiscated by the Bureau of Customs (BOC) in Agusan del Norte province during a major operation aimed at curbing illicit trade that has been eroding government revenues in recent years. The seizure, involving 54 container...
The United Nations Conference on Trade and Development (UNCTAD) is sounding the alarm over the growing use of non-tariff measures (NTMs) in global trade policies, warning that smaller developing economies face higher export costs that could hinder economic growth. In its monthly report on global...
LAPU-LAPU CITY, Cebu - As the conflict in the Middle East threaten supply chains, Philip Morris International (PMI) has warned that it could trigger a major surge in the illicit trade of cigarettes, which may cost Southeast Asia billions in tax revenue should governments fail to respond Rodney van...
Leaders from the Association of Southeast Asian Nations (ASEAN) and the European Union (EU) called for stronger regional cooperation and faster implementation of sustainability initiatives amid ongoing energy and economic pressures across Southeast Asia. The call was made during the ASEAN-EU...
LAPU-LAPU CITY, Cebu — The European Union (EU) is hoping to complete negotiations for a free trade agreement (FTA) with the Philippines as early as this month, especially with only a few chapters left to be finalized. EU Ambassador to the Philippines Massimo Santoro said he is optimistic that the...
The Department of Trade and Industry (DTI) has teamed up with the Creative Content Creators Association of the Philippines Inc. (SIKAP) to provide stronger support for local content creators, including the protection of their original works. In a statement, the DTI said it signed a memorandum of...
Business names registered with the Department of Trade and Industry (DTI) expanded by more than 10 percent in the first four months of the year to over 540,000, as business activity across the country remained strong despite rising costs. The latest DTI data showed that business name registrations...
Samarkand, UZBEKISTAN — Central bank and finance chiefs from across the Association of Southeast Asian Nations (ASEAN), China, Japan, and South Korea are bracing for slower economic growth and higher inflation risks amid a prolonged war in the Middle East. In a joint statement on Sunday, May 3,...
The Philippines successfully avoided the United States’ (US) list of intellectual property violators for a 13th consecutive year, maintaining its status as a regional leader in enforcement despite a surge in counterfeit pharmaceuticals and bureaucratic delays in trademark litigation. In this...
The Philippines and its neighbors in the Association of Southeast Asian Nations (ASEAN) are moving to fortify regional trade pacts and energy security frameworks as escalating Middle East tensions threaten to destabilize global supply chains. Trade Secretary Cristina Roque said the economic...
The APEC Business Advisory Council (ABAC) has urged Asia-Pacific governments to take immediate and coordinated action to address mounting economic pressures, including trade fragmentation, energy market shocks, and persistent supply chain disruptions, warning that business confidence across the...
