FOR THURSDAY ISSUE The Philippines' banana exports to South Korea will enjoy zero tariffs over the next five years, following the bilateral free trade agreement (FTA) taking effect in January next year.Department of Trade and Industry (DTI) Secretary Maria Cristina A. Roque said at a press...
The Asian Development Bank (ADB), Asian Infrastructure Investment Bank (AIIB), and Export Import Bank of Korea (KEXIM) vowed to support the Laguna Lakeshore Road Network (LLRN) project.The ADB has committed $1.2 billion as the initial tranche of funding, while the AIIB is contributing $188 million....
Finance Secretary Ralph G. Recto said the Philippine government secured about P13 billion in loans from the South Korean government to finance the new Dumaguete Airport Development project.Recto and Export-Import Bank of Korea (KEXIM) Chairman and President Yoon Hee-sung signed on Wednesday, Aug. 7,...
The Export Development Council (EDC), a public-private partnership created under the Export Development Act, may temper down the export growth targets in the Philippine Exports Development Plan (PEDP) in light of local and global realities hounding the country's export performance. ...
HOUSTON – The voracious energy appetite of Asian markets - including developing countries within Southeast Asia - will gobble up liquefied natural gas (LNG) supply between now and onward to 2040, according to Shell CEO Wael Sawan.Speaking at the ongoing CERAWeek by S&P Global here, he...
Emirates SkyCargo is seeking to extend its air freight export and logistical services in the Philippines to support and sustain the country's growing economy."The Philippines is undergoing a period of steady economic growth, leveraging its geographical advantage as a gateway between the...
Beyond the volume that shall be allocated for its domestic requirements, the government of Indonesia has assured continuous coal supply that can be utilized by the power plants in the country, according to Energy Secretary Raphael P.M. Lotilla."Our bilateral with Indonesia is making sure that the...
(Unsplash) Economist-solon Albay 2nd district Rep. Joey Salceda says the Philippines should start looking at sources of rice outside the Association of Southeast Asian Nations (ASEAN). In a statement, Salceda specifically mentioned countries like Pakistan and...
Senator Christopher "Bong" Go has echoed calls for an immediate and stronger government interventions in the agricultural sector amid concerns of possible tighter supply of rice following India's export ban.
"What is important is our Department of Agriculture (DA); the government needs...
Senator Grace Poe has warned that the recent rice export curb by India could further increase global and local food prices.
Sen. Grace Poe, in her privilege speech during the Senate plenary session, Tuesday, Aug. 1, 2023, warns of a possible rice crisis in the country as India - the global leader...
SteelAsia Manufacturing Corp., the Philippines largest steel manufacturer, reported it has exported over 36,000 metric tons of high-strength steel bars to Canada for use in its infrastructure projects, bringing its total exports to P1.32 billion.
SteelAsia Chairman and CEO Benjamin Yao said in a...
President Ferdinand "Bongbong" Marcos Jr. has approved the Philippine Export Development Plan (PEDP) 2023-2028 and has directed relevant government agencies to identify and implement programs, activities, and projects that support it.
The PEDP 2023-2028 aims to reinvigorate poverty...
