Commuters line up to board a bus along EDSA as the government enforces movement curbs against the coronavirus outbreak in this August 2021 file photo (Mark Balmores/Manila Bulletin) An official of the Department of Trade and Industry (DTI) said that at least one million Filipinos have returned to...
Global merchandise trade hits record high, confirming the strength of trade recovery from the shock of the COVID-19 pandemic, although the new waves of infection could easily undermine recovery, according to the latest World Trade Organization's (WTO) latest Global Trade Barometer. WTO The Goods...
Higher volumes at Asian Terminals Inc. (ATI)' s international gateway ports in Manila and Batangas boosted the operator's revenues for the first six months of 2021 by 8.2% to P5.47 billion versus the same period last year. ati_headoffice However, ATI's net income dipped 2% to P1.13 billion due to...
Around 160,000 business establishments will be as risk if and when the current enhanced community quarantine (ECQ) in Metro Manila gets extended beyond Aug. 20, Department of Trade and Industry (DTI) Secretary Ramon Lopez said. A restaurant staff cleans a table to prepare for the arrival of diners...
The Philippine International Trading Corporation (PITC) has failed to construct a hospital for emerging and re-emerging infectious diseases despite receiving the funds for the project two years before the 2019 coronavirus disease pandemic struck. Research Institute for Tropical Medicine This was...
The country’s trade deficit narrowed in June to its lowest level in three-months, data from the Philippine Statistics Authority (PSA) showed. Port Area Based on the PSA report released on Friday, August 6, the gap in the trade balance, or the difference between the value of export and import,...
Five Philippine-Japan Concession projects with estimated investments of $7.5 billion are being pushed for implementation because these are critical for the country’s economic recovery. During a virtual briefing conducted by the Global Trade Venture Co., Ltd. (GTV) and Tokushima Auction Market...
The Fiscal Incentives Review Board (FIRB) has approved the grant of tax incentives for a mass housing project and two cement manufacturing plants all located outside Metro Manila. Chaired by Finance Secretary Carlos G. Dominguez III, the FIRB during its third meeting last August 2 approved the tax...
EDITORS DESK BERNIE CAHILES-MAGKILAT The remaining strands of protection for domestic enterprises from majority foreign control will be lifted once the three pending economic bills are passed into law. In his last state of the nation address, President Duterte made a last ditch appeal to Congress...
International think tank Southeast Asian Regional Center for Graduate Study and Research in Agriculture (SEARCA) has backed the Philippine government on its stand at the World Trade Organization (WTO) against illegal, unreported, and unregulated (IUU) fishing and harmful fisheries subsidies....
The Philippine government was told to assert its position at the World Trade Organization (WTO) regarding harmful subsidies that bigger countries like China provide their commercial fleets, resulting in overfishing and encroaching in disputed waters. This, since China alone gives out P325 billion...
In a bid to ease the debilitating blow of the pandemic and facilitate strong economic recovery, Asia Pacific leaders have pledged to accelerate equitable access to coronavirus vaccines, promote free and fair trade, and work towards the resumption of cross-border travel. APEC leaders gather for a...
