Additional major basic goods manufacturers are implementing voluntary price freeze on select items in support of Filipino consumers amid rising prices of goods and the impact of the El Niño phenomenon, the Department of Trade and Industry (DTI) reported. In a statement, DTI Secretary...
A free trade agreement between the Philippines and the United States may not yet be possible in the immediate future. US Senator Chris Coons, who is visiting Manila, said Friday, May 31, it is not because the US government is reluctant to do so, but because of strong opposition coming from...
DTI Assistant Secretary Amanda Nograles answering questions from reporters in Makati City (Dexter Barro II/MANILA BULLETIN) Vape products that are unable to register for a Philippine Standard (PS) license or an Import Commodity Clearance (ICC) will no...
BIR Chief Venus Gaticales during an interview with reporters in Makati City (Dexter Barro II/MANILA BULLETIN) A Bureau of Internal Revenue (BIR) official commended on Tuesday, May 28, Albay 2nd district Rep. Joey Salceda over his proposed legislation that...
While the Energy Regulatory Commission (ERC) is partly blamed for the power supply mess in the country due to its slow action on issuance of warranted rules and approvals of power supply agreements (PSAs), it has opted to sign a memorandum of agreement (MOA) with the Board of Investments (BOI) for...
The Design Center of the Philippines (DCP), an agency under the Department of Trade and Industry (DTI), spent P1.9 million of the budget allocated for senior citizens and persons with disability (SCPDs) for other plans and programs in 2023, the Commission on Audit (COA) said. In its 2023 annual...
Esquire Financing, Inc., the Philippines leading non-bank small and medium enterprise (SME) financing company, plans to significantly hike to P10 billion the amount of funds it could lend to customers this year to support entrepreneurs scale up their operations and amid strong appetite for...
Several manufacturers of basic necessities and prime commodities (BNPCs) have voluntarily implemented a 60-day price freeze on select basic goods to address rising prices and mitigate the impact of El Nino on consumers, according to the Department of Trade and Industry (DTI). In a statement...
The country’s trade deficit narrowed in March this year as both exports and imports contracted, data from the Philippine Statistics Authority showed. The gap in the trade balance, which is the difference between the value of export and import, reached $3.18 billion in March, down by 36.6 percent...
President Marcos is hoping that the free trade agreement (FTA) between the Philippines and the European Union would be finalized by 2027. President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of Malacañang) “We see the FTA as a crucial step in enhancing the trade partnership between the...
Amid continuing high vacancy rate and lukewarm overall real estate industry in the country, a buoyant retail sector is expected to provide the much-needed breather with more landlords aggressively undertaking renovations along with more mall completion as foreign brands are testing the local...
President Marcos is expecting that the Philippines and South Korea would ratify their free trade agreement (FTA) this year. Although the FTA has been signed between the two countries, South Korea’s National Assembly is yet to ratify the trade pact. “I think so. I think we will get it done. I...
