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ABOITIZ Equity Ventures, Inc.’s food subsidiary Pilmico International Pte Ltd. has acquired a majority stake in Gold Coin Management Holdings Ltd (Gold Coin) for $334 million as Pilmico expands its animal feeds business in the Asia Pacific.
RANIDA Games, a independent game developer, said it received funding from an Indonesian venture fund DNC to help enhance the company’s basketball-themed flagship game and to help release a new fighting game by year’s end.
THE PHILIPPINE STOCK EXCHANGE index (PSEi) edged up but stopped short of the 7,400 mark amid last-minute bargain hunting after spending much of Friday in red territory.
THE Department of Trade and Industry (DTI) said investment pledges approved by the Board of Investments (BoI) posted strong growth at midyear due to the country’s strong fundamentals as well as business and consumer confidence.
SALES OF imported vehicles in the first half fell 11% year-on-year amid higher excise taxes and fuel prices, with a rise in interest rates also dampening vehicle purchases financed with loans, the Association of Vehicle Importers and Distributors (AVID) said.
THE Philippine Economic Zone Authority (PEZA) is proposing amendments to the law that created the investment promotion agency to convert it into an independent government-owned and controlled corporation (GOCC).
ANOTHER 500 livelihood starter kits were recently distributed by the Department of Trade and Industry (DTI) to displaced residents of Marawi City as part of the rehabilitation program.
THE PHILIPPINE Economic Zone Authority (PEZA) said investment pledges in the first half fell over 55% due to uncertainty created by package 2 of the Tax Reform for Acceleration and Inclusion (TRAIN) law.
THE province of Bukidnon recently saw its third batch of micro and small entrepreneurs (MSE) complete the Department of Trade and Industry’s (DTI) Kapatid Mentor Me (KMME) Program, which aims to scale up their business expertise.
THE Department of Trade and Industry (DTI) is set to sign a deal with the United Arab Emirates (UAE) which will allow easier access to Philippine halal products, especially those produced by micro, small, and medium-scale entrepreneurs.
THE Department of Trade and Industry (DTI) and the Intellectual Property of the Philippines (IPOPHL) said they have expanded a program to waive trademark application fees for micro, small, and medium enterprises (MSMEs) to accommodate 1,000 more applications.
THE AlloyMTD Group is in talks with the local government to develop a P3.6-billion government center and business hub in Bataan.
THE Philippine Economic Zone Authority (PEZA) said it hopes to attract more new investment this year, citing support from local government units (LGUs) to exempt the investment-promotion agency from the effects of the second round of tax reform.
PRICES of canned meat could rise by about 25% should mechanically deboned meat revert to higher import duties, according to the Department of Trade and Industry (DTI).
LOCAL applications for intellectual property saw a 14% annual increase during the first quarter of the year amid expanding awareness over the importance of protecting trademarks for businesses.
By Janina C. Lim, Reporter THE Department of Agriculture (DA) has received from the South Korean government a grant to be used in beefing up...
THE MAIN INDEX marked its second day of decline on Friday as investors continued to reel from a faster-than-estimated June inflation that was reported on Thursday morning, becoming the odd-man out among largely positive Asian markets.
THE BOARD of Investments (BoI) approved nearly a fifth more committed investments in the five months to May from a year ago, with foreign pledges alone growing by close to a third in value terms in the same period, the agency said in a press release on Thursday.
BUSINESSES are looking to invest in the Eastern Visayas in industries such as water transport, hospitals, agribusiness, mass housing, and agro-processing, according to the Department of Trade and Industry (DTI).
THE LOCAL franchise industry is confident of breaching the P1-trillion revenue mark this year as it aggressively positions the Philippines as the “franchise hub of Asia.”
CORAL World Park (CWP) Undersea Resorts, Inc. is still pursuing its $250-million leisure and tourism project in Coron, Palawan.
THE Bases Conversion Development Authority (BCDA) has requested proposals for the development of a 250-hectare golf course for New Clark City (NCC) in Central Luzon.
IN CASE a “full trade war” erupts, average tariffs for Philippine exporters could rise to a worst-case 30% from their current level of 2%, putting the least competitive firms at risk, the United Nations Conference on Trade and Development (UNCTAD) said in a report.
THE beverage industry, on which the government plans to impose sugar content labels, has said that the requirement must apply to packaged food products as well.
THE GOVERNMENT will establish a warning label scheme for “high sugar” drinks in a bid to reduce consumption of these products, with manufacturers on notice to be ready to comply by August.
THE Department of Trade and Industry (DTI) hopes to expand the reach of its livelihood initiatives by embedding business development officers at the barangay level, Secretary Ramon M. Lopez told reporters Wednesday.
THE CAGAYAN Economic Zone Authority (CEZA) is looking to initially limit the number of licenses to be issued to cryptocurrency exchanges seeking to operate in the special economic zone.
THE Department of Trade and Industry (DTI) expects President Rodrigo R. Duterte to soon sign the new Philippine Export Development Plan (PEDP) 2018-2022, which lays out the medium-term strategy for meeting export targets.
THE GOVERNMENT is setting suggested retail prices (SRPs) for select agricultural products sold in Metro Manila in response to consumer concerns, officials said on Friday.
FOREIGN investors said the uncertainty generated by the second package of the Tax Reform for Acceleration and Inclusion (TRAIN) law’s second phase is behind the leveling off of foreign direct investment (FDI) forecasts for 2018.
A MEMBER of an international consumer advocacy group has requested the Philippine Competition Commission and the Department of Justice to investigate whether the movement of fuel prices are “in compliance with the law.
WITH added funding set aside for lending to micro, small and medium enterprises, the Department of Trade and Industry (DTI) said it hopes to eliminate the need for so-called “5-6” informal lenders by 2022.
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