The Department of Finance (DOF) and the Board of Investments (BOI), which is under the Department of Trade and Industry (DTI), are at loggerheads again. Finance Secretary Carlos G. Dominguez III and DTI Secretary and BOI Chairman Ramon M. Lopez both used the 46TH Philippine Business Conference to...
Philippine athletes and officials parade during the closing ceremony of 30th SEA Games at New Clark City, Capas, Tarlac, December 11, 2019. (MB File Photo) THE Philippine Southeast Asian Games Organizing Committee (Phisgoc) clarified on Wednesday that out of the P6 billion government funding for...
World trade shows signs of bouncing back from a deep, COVID-19 induced slump, but World Trade Organization economists caution that any recovery could be disrupted by the ongoing pandemic effects. The WTO forecasts that merchandise trade volume could fall 9.2 percent in 2020 less than the 12.9...
San Miguel Corporation (SMC), through San Miguel Foods Inc., has already procured a total of 436,209 metric tons (MT) of corn from local farmers as part of its commitment to the government to help with the purchase of locally produced food across the country during the pandemic. Moving forward, the...
The Philippines and Germany have agreed to strengthen bilateral cooperation in manufacturing, construction and innovation at the successful convening of their inaugural Joint Economic Commission (JEC). The Philippines-Germany Joint Economic Commission Co-Chairs Parliamentary State Secretary Marco...
Trade and Industry Secretary Ramon M. Lopez is batting for the restoration of the P500 million budget for shared service facilities (SSF) program into the 2021 budget to achieve at least a P1 billion fund allocation next year for this program. Trade and Industry Secretary Ramon Lopez. (ALFRED...
Trade and Industry Secretary Ramon M. Lopez said they will issue an advisory to the mayors and local government units (LGUs) allowing them to determine the extent of further reopening of business establishments from the current 50 percent. Trade and Industry Secretary Ramon Lope (ALFRED FRIAS /...
San Miguel Corporation (SMC) has launched its free livelihood and skills training program for Bulacan residents in cooperation with the Technical Education Skills and Development Authority (TESDA). This is in preparation for the construction of the diversified conglomerate’s P734 billion Manila...
The Philippine Association of Meat Processors Inc. (PAMPI) expressed its full support to the proposal of Trade Secretary Ramon Lopez to allow more businesses to operate at their rated capacity to prevent the economy from further deterioration. “While we recognize that there are risks associated...
Trade and Industry Secretary Ramon Lopez. (ALFRED FRIAS/PRESIDENTIAL PHOTO FILE PHOTO) Trade and Industry Secretary Ramon M. Lopez has called for full reopening of business establishments even for those located in areas still under the general community quarantine (GCQ) areas so that Filipinos can...
The private sector-driven electric vehicle (EV)industry in the Philippines has already generated ₱1.305 billion in investments with annual production capacity of 150,000 units of a wide range of electric vehicle models as the country aims to become a regional production hub for clean and...
San Miguel Corporation (SMC) assured that the design for its Bulacan international airport project includes measures to deal with risks such as flooding as was raised during the Senate hearing on the proposed franchise for the facility. SMC president and COO Ramon S. Ang “We would like to assure...
