The rampant online illegal wildlife trade in the Philippines has so far cost the national government P50 billion worth of revenues. But more than the billions of money involved, an official of the Department of Environment and Natural Resources (DENR) said the biggest concern is that these illegal...
Ahead of this year’s 5 th Bilateral and Consultation Mechanism (BCM) between the Philippines and Brazil, Manila is eyeing the entry of high-end Filipino products to Brasilia as part of its overall strategy to significantly improve the trade and investments as well as tourism cooperation with the...
Even with little exchange of information, Switzerland sees the Build, Build, Build program of the Duterte administration as a “unique opportunity” to showcase Swiss innovation and possible infrastructure cooperation between Bern and Manila. (via Embassy of Switzerland) Swiss Ambassador Alain...
The Philippines agricultural trade went up during the first quarter of the year, but this was mainly due to the higher amount of imported products that entered the country during the period. Latest data from the Philippine Statistics Authority (PSA) showed that the country’s total agricultural...
The finance and trade departments signed the implementing rules and regulations (IRR) of the corporate recovery and tax Incentives for enterprises (CREATE) law, the government’s largest fiscal stimulus package for businesses in the country’s history. Ahead of the July 10, 2021 deadline, Finance...
The United Nations Development Programme (UNDP) has formally turned over to the Department of Trade and Industry (DTI) the Enhanced Manufacturing of Protective Wear and Equipment for COVID-19 Response in the Philippines ( EMPOWER PH ), an online platform that connects suppliers and manufacturers to...
Despite the pandemic, bilateral trade between the Philippines and Switzerland rose to $764 million in 2020 and former’s exports to the European country rose 8 percent, according to the Board of Investments. Likewise, over the last five years, approved investments from Switzerland reached P1...
The Metropolitan Manila Development Authority (MMDA) launched on Thursday, June 10 a waste diversion initiative wherein metro residents can trade in their trash for groceries. MMDA Chairman Benhur Abalos (extreme left) speaks during the MMRF launch on Thursday, June 10. (Photo from MMDA) "We hope...
The country’s international trade doubled in April after both imports and exports jumped at their fastest pace in more than a decade, the Philippine Statistics Authority (PSA) reported. Preliminary data from the PSA showed on Wednesday, June 8, that the country’s total external trade in goods...
The Fiscal Incentives Review Board (FIRB) has adopted the framework for the grant of incentives to qualified industries under the government’s Strategic Investment Priorities Plan (SIPP). As provided in the newly enacted Corporate Recovery and Tax Incentives for Enterprises (CREATE) Law that...
The 35th Negros Trade Fair is now online Products by Hacienda Crafts and Vallehermoso There is more to Negros than its picturesque destinations. Much like its tourist spots, its culture and heritage is filled with great stories and myths all told by its natives. And these stories have become the...
Global merchandise trade is continuing to recover in 2021 following a steep but brief pandemic-induced drop in the second quarter of last year, according to the latest WTO Goods Trade Barometer. The Goods Barometer released on May 28 is a composite leading indicator for world trade, providing...
