42% laid off workers Majority or 90.9 percent of companies are just operating at certain capacity while 42.4 percent have laid off employees either temporarily or permanently, according to a survey conducted by the Philippine Exporters Confederation Inc. (PhilExport). The PhilExport Survey on the...
Land Bank of the Philippines (LANDBANK) has opened a new credit facility that will fund 90 percent of borrowers’ investment requirement, but this is only if the borrower is either a farmer or a micro, small, and medium enterprise (MSME) engaged in the agricultural value chain of certain...
The country’s trade deficit was slashed by almost half last year after global demand for goods weakened amid the coronavirus-induced recession, data from the Philippine Statistics Authority (PSA) showed. The gap in the trade balance, or the difference between the value of export and...
Go green, go local ! Sustainable living has evolved from being just a fad to a collective movement which some Filipinos have seriously embraced. For those who have included adapting to a zero-waste lifestyle in their list of new year’s resolutions, here’s a quick list of local products that can...
Makati Shangri-La, the Philippines foremost business hotel located at the heart of the Makati business district along Ayala Avenue, today announced the temporary closure of their 30-year operation due to uncertain business condition effective February 1, 2021. (Photo from Makati Shangri-La’s...
The country’s Micro, Small to Medium Enterprises (MSMEs) has always been described as the lifeblood of the country’s business landscape that largely supports and spurs economic development and helps generate wide-scale employment. As of May 2019, 99.56 percent of business...
The reimposition of the 40 percent tariff on mechanically deboned meat (MDM) will bring in additional P5.5 billion revenues to the country, but will only mean minimal increase in prices for consumers, according to Samahang Industriya ng Agrikultura (SINAG). SINAG made this case as it formally...
The country’s trade deficit narrowed to its lowest level in five-months after exports accelerated while imports further contracted in November last year, data from the Philippines Statistics Authority (PSA) showed. The gap in the trade balance, or the difference between the value...
The Philippine government has lifted the ban on Brazilian poultry meat more than four months since making such a decision. In a memorandum, Agriculture Secretary William Dar said that based on the relevant information provided by Brazil, it has provided evidence that the safety protocols...
The United States Agency for International Development (USAID) has committed more funding to DELIVER-e application, a farmers-to-buyers digital platform recently launched in the Philippines. In a Webinar on Monday, USAID Acting Mission Director for Philippines Patrick Wesner said his agency...
Switzerland, one of the highest per capita countries in the world, has identified processed food, natural ingredients and value-added textiles as potential products that Philippines can export to their country and into the larger EU countries. Photo credit: https://www.sippo.ch/ A recent study by...
The COVID-19 pandemic has induced a marked decline in trade restrictions, the lowest number since 2012, as governments cooperate to stop the spread of the global contagion, according to the global trade body World Trade Organization (WTO). In its latest annual overview, WTO’s Trade Policy...
