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 country's trade deficit widened to a new record high in November last year as Philippine purchases of goods from abroad accelerated following the further reopening of the economy from quarantine restrictions. The Philippine Statistics Authority (PSA) reported on Tuesday, Jan. 11, that the...
The government has set a limit on the purchase of flu medicines amid tightness in supply due to unprecedented surge in demand following a sharp rise in COVID cases in the National Capital Region (NCR). 58470 DOH/MB The limit is contained under Joint Memorandum Circular (JMC) No. 22-01 Series of...
Senate Minority Leader Franklin M. Drilon on Monday said he is confident that the newly-signed law easing the entry of foreign retail enterprises in the Philippines will help pave the way for the country’s economic recovery. Drilon is referring to Republic Act No. 11595 also known as the Retail...
The Department of Finance (DOF) has commended President Duterte and the members of Congress for the enactment of a law that will further liberalize the economy and open up the country to more foreign direct investments (FDIs). Finance Sec. Carlos Dominguez III In a statement, Finance Secretary...
President Duterte has made it easier for foreigners to invest in the Philippine retail sector. (Mark Balmores/ File photo/ MANILA BULLETIN) This, after Duterte signed into law Republic Act (RA) No.11595, which amended RA No. 8762 or the two-decade old Retail Trade Liberalization Act. The full title...
The Pharmaceutical and Healthcare Association of the Philippines (PHAP) said it is closely coordinating with the government on pharmaceutical security as some areas in Metro Manila are experiencing shortage of supply of certain paracetamol brands following the surge in COVID cases. PHAP “We are...
A nationwide mobility restriction on the unvaccinated has been strongly pushed by Presidential Adviser on Entrepreneurship Jose “Joey” Ma. Concepcion III to protect them from the highly transmissible Omicron variant and as the way forward to sustain recovery and open the economy safely....
The Department of Health (DOH) assured on Tuesday, Jan. 4 that there is no ongoing shortage of paracetamol and other drugs for flu-like symptoms. A sign has been posted at a drugstore along Taft Avenue in Manila notifying people of out-of-stock medicines due to a shortage in supply amid another...
Trade and Industry Secretary Ramon M. Lopez As much as 200,000 workers would be out of work and P200 million in economic losses as the National Capital Region returns to stricter health restrictions on rising COVID-cases in the capital. Trade and Industry Secretary Ramon M. Lopez Trade and Industry...
The Department of Trade and Industry (DTI) has apprehended and issued 50 letters of inquiry to business establishments and profiteers that took advantaged of the crisis in Typhoon Odette-affected areas in Visayas and Mindanao. DTI Secretary Ramon M. Lopez reported during President Duterte’s...
The Philippines should maximize the tax incentives being offered under the Republic Act 11534 or the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act to attract more foreign direct investments, according to a foreign business leader said. Chris Nelson, executive director, British...
