The Philippine Pharma Procurement Inc. (PPPI), central procurement arm for all government agencies in the importation of drugs and medicines, has been absorbing huge losses in the past 14 years and was apparently untapped in the multi-billion importation of vaccines and vital pharmaceuticals needed...
The Philippine government will spin off the Benguet Agri Pinoy Trading Center (BAPTC), the country’s biggest vegetable trading facility, after six years in operation, Agriculture Secretary William Dar announced. According to Dar, this move will free up the state-funded BAPTC) in La Trinidad,...
The Securities and Exchange Commission (SEC) has canceled the corporate registration of Bill Ford VIP Trading, Inc. which has been found to have engaged in unauthorized investment activities resembling a Ponzi scheme. In an order, the SEC Enforcement and Investor Protection Department (EIPD)...
Ban Kee Trading Inc., one of the leading distributors for children’s toys in the Philippines, began handling operations for LEGO Certified Stores (LCS) in the country at the beginning of the year and recently launched the official online store amidst greater push for digitalization. “Launching...
The Securities and Exchange Commission (SEC) announced its fifth legal victory in an ongoing crackdown on predatory lending, after a regional trial court convicted the incorporators and directors of Naurasidhu55 Lending and Trading Corporation. In a statement, the SEC...
The Department of Finance (DOF) ordered the Department of Trade and Industry (DTI) to return to the government coffers the P32.6 billion sitting idle in the state-owned Philippine International Trading Corp. (PITC). In a statement, Finance Secretary Carlos G. Dominguez III said he has...
On account of affordable travel bookings made available throughout the years, most people tend to set some of their hard-earned money aside to get a chance to travel to new places and experience new things. However, the COVID-19 pandemic has recently put a halt to jetsetting dreams since...
