Several manufacturers of basic necessities and prime commodities (BNPCs) have voluntarily implemented a 60-day price freeze on select basic goods to address rising prices and mitigate the impact of El Nino on consumers, according to the Department of Trade and Industry (DTI). In a statement...
The country’s trade deficit narrowed in March this year as both exports and imports contracted, data from the Philippine Statistics Authority showed. The gap in the trade balance, which is the difference between the value of export and import, reached $3.18 billion in March, down by 36.6 percent...
President Marcos is hoping that the free trade agreement (FTA) between the Philippines and the European Union would be finalized by 2027. President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of Malacañang) “We see the FTA as a crucial step in enhancing the trade partnership between the...
Amid continuing high vacancy rate and lukewarm overall real estate industry in the country, a buoyant retail sector is expected to provide the much-needed breather with more landlords aggressively undertaking renovations along with more mall completion as foreign brands are testing the local...
President Marcos is expecting that the Philippines and South Korea would ratify their free trade agreement (FTA) this year. Although the FTA has been signed between the two countries, South Korea’s National Assembly is yet to ratify the trade pact. “I think so. I think we will get it done. I...
President Marcos said the Philippines' trade links with South Korea were important and that Manila is seeking to forge an agreement with Seoul to encourage the East Asian country to allow some Filipino products to have duty-free access to its market. President Ferdinand ‘Bongbong’ Marcos Jr....
Consumer groups are pushing Congress to uphold automatic refunds for airline passengers whose flights are canceled or delayed for several hours. Just last week, the Transportation Department announced a rule requiring airlines to pay quick and automatic refunds. President Joe Biden touted the rule,...
Canadian Ambassador to the Philippines David Hartman vowed to firm up its shared commitment with Filminera Resources Corporation (Filminera) and Phil Gold Processing & Refining Corp. (PhilGold) to help “drive economic growth and empower communities” through responsible and sustainable...
(MANILA BULLETIN) The new chairman of the House Committee on Trade and Industry lectured the National Economic and Development Authority (NEDA) Monday, April 29 on why its free trade-centric mindset can't help the country achieve food security. ...
Senator Pia Cayetano criticized the Department of Trade and Industry (DTI) over its lack of urgency to enforce provisions of the Vape Law or Republic Act No. 11900. Cayetano noted that up until now the DTI has yet to release mechanisms on the use of vapes and other non-nicotine products...
The Philippine Statistics Authority (PSA) reported that agricultural trade in the country decreased last year due to a drop in both imports and exports. Data from the PSA showed that the total agricultural trade amounted to $24.35 billion from January to December 2023, a nine percent decline...
The Philippines and the United States may soon forge a free trade agreement (FTA) on cyberspace and digital technology as Washington expressed commitment in helping Manila in the said fields, Philippine Ambassador to the US Jose Manuel "Babe" Romualdez said. Ahead of the trilateral meet among...
