The Fiscal Incentives Review Board (FIRB) has adopted the framework for the grant of incentives to qualified industries under the government’s Strategic Investment Priorities Plan (SIPP). As provided in the newly enacted Corporate Recovery and Tax Incentives for Enterprises (CREATE) Law that...
The 35th Negros Trade Fair is now online Products by Hacienda Crafts and Vallehermoso There is more to Negros than its picturesque destinations. Much like its tourist spots, its culture and heritage is filled with great stories and myths all told by its natives. And these stories have become the...
Global merchandise trade is continuing to recover in 2021 following a steep but brief pandemic-induced drop in the second quarter of last year, according to the latest WTO Goods Trade Barometer. The Goods Barometer released on May 28 is a composite leading indicator for world trade, providing...
The Department of Environment and Natural Resources (DENR) has partnered up with the Philippine Ports Authority (PPA) in the fight against the illegal wildlife trade (IWT), which has persisted despite the coronavirus disease (COVID-19) pandemic. A graphic of the Philippines' most illegally traded...
Senator Risa Hontiveros on Tuesday, May 25, urged the government to realign unutilized funds under the Bayanihan to Recover as One Act or Bayanihan 2 to augment the cash assistance to Filipinos to accommodate more beneficiaries still struggling with the effects of the novel coronavirus (COVID-19)...
At least seven industry groups in the Philippines are calling for the liberalization of agriculture sector to secure food supplies. The groups, led by the American Chamber of Commerce of the Philippines, Inc. (AmCham) and Cold Chain Association of the Philippines, Inc. (CCAP), said they...
Members of the House Committee on Trade and Commerce on Monday called for additional funding support to local companies producing personal protective equipment (PPEs) to enable the industry to meet the country’s needs for protective health gears in the face of a continuing coronavirus (COVID-19)...
The House Committee on Trade and Industry on Monday, May 24 approved the draft bill on the proposed law that seeks to strengthen the competitiveness of the Philippine motor vehicle manufacturing industry. The panel particularly approved the draft bill on House Bill No. 1833 or the proposed...
The Bureau of Customs (BOC) announced that it has joined the Philippine Trade Facilitation Committee (PTFC) to come up with interventions to improve the movement of goods in the country. Bureau of Customs (BOC) Commissioner Rey Leonardo Guerrero (Photo courtesy of the BOC) The bureau will serve as...
The Anti-Red Tape Authority (ARTA) welcomed the creation of the Philippine Trade Facilitation Committee (PTFC), saying this will further enhance the streamlining efforts in the Bureau of Customs. Anti-Red Tape Authority (ARTA) Director-General Jeremiah Belgica (Photo from ARTA) ARTA...
President Duterte has issued an executive order (EO) creating the Philippine Trade Facilitation Committee (PTFC) to comply with the country's commitments under the World Trade Organization-Trade Facilitation Agreement (WTO-TFA). President Rodrigo Duterte (File photo/Malacañang) Executive...
Voting 20-0-0, the Senate approved on third and final reading a bill that would open up the Philippines' retail sector to foreign enterprises. Senate of the Philippines (Senate PRIB) Senators voted to pass on Wednesday, May 19, Senate Bill No. 1840, which proposes to amend the Retail Liberalization...
