The government estimated that the country’s exports of strategic goods reached $4.5 billion in 2022 and is expected to further increase following the launch of the Strategic Trade Management Office (STMO) e-Licensing Platform. At the official launch Monday, Feb. 9 of the STMO e-Licensing Platform...
Gabriela on Friday, Feb. 17, restated the consequences of “too much” importation, stressing that it harms local production of agricultural goods and displaces small-scale farmers. Gabriela Women’s Partylist Representative Arlene Brosas said the national government’s plan to import 440,000...
President Ferdinand "Bongbong" Marcos Jr. has deemed "reasonable" the proposal to increase taxes on luxury goods from 20 percent to 25 percent. President Ferdinand 'Bongbong' Marcos Jr. (Noel Pabalate) "alagay ko naman (I think), it’s reasonable that we will tax the consumption side of those who...
In its latest biennial report in December 2022, the European Commission’s Counterfeit and Piracy Watch List identified the Baclaran, Cartimar, Divisoria and Greenhills markets in Metro Manila, Philippines as offering a wide range of counterfeit goods on retail and wholesale basis. This is the...
Smuggling is the illegal transport of goods by stealth, with the intention of avoiding government tax or regulations. An economy, especially one that is growing, must not tolerate any form of smuggling as it doesn’t only lead to loss of government revenue, but also creates economic instability,...
As the fight against smuggling continues, a total of P78.9 million worth of illegally imported agricultural goods were seized by the Department of Agriculture (DA) and other government agencies during separate operations at the Manila International Container Port (MICP) from December 2022 to...
Noting that time is of the essence especially during disasters, Negros Oriental 3rd district Rep. Arnie Teves used helicopters in sending relief goods to families affected by the recent floods and landslides in Misamis Occidenta (Office of Negros Oriental 3rd district Rep. Arnie Teves) “Several...
Majority of Filipinos believe that the Philippine economy is the most important issue that President Ferdinand “Bongbong” Marcos Jr. should focus on. A poll conducted by PUBLiCUS Asia Inc. covering a total of 1,500 female and male Filipino respondents showed that at least 25 percent of...
The prices of basic goods, increase in workers’ wage, and access to affordable food are among the top and urgent national concerns of adult Filipinos, a non-commissioned survey conducted by OCTA Research revealed. The independent Tugon ng Masa (TNM) poll, which was held from Oct. 23 until Oct....
Amid the increasing prices of goods and commodities, authorities are now eyeing to extend Kadiwa ng Pasko until early 2023 to help more farmers and consumers who have been directly affected by the present challenges. (Ali Vicoy/Manila Bulletin) In a “Laging Handa” briefing Friday, Dec. 2,...
Trade and Industry Secretary Alfredo E. Pascual has hinted of a likely increase in the suggested retail prices (SRP) on basic necessities and prime commodities (BNPCs). In a radio interview, Pascual said the agency expects that 25 percent of requests for price adjustments may be granted at...
The Office of the Vice President-Disaster Operations Center (OVP-DOC), through the Davao City Satellite Office, returned to the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) on November 24, Thursday, to deliver relief assistance for the victims of Typhoon Paeng. BARMM Ministry of the...
