The Department of Trade and Industry has put on hold the implementation of a rule banning the importation of engines and used motor vehicles that are not compliant with the Euro 4 emissions standard.

THE Philippines’ decision not to extend quantitative restrictions on rice has improved its position with potential trading partners, its World Trade Organization (WTO) representative said.

MANY parts of the country would probably remain under a lockdown even after the government starts vaccinating Filipinos against the coronavirus, according to the presidential palace.

THE DAVAO City government is planning to propose new ventures for funding under the Philippine Rural Development Project (PRDP) as it recently re-established the special unit tasked to manage the agriculture-focused program at the local level.

THE Maritime Industry Authority (MARINA) said it signed an agreement with a Japanese industry association to help build the capacity of Philippine shipbuilders.

DAVAO CITY — Azuela Cove, the joint township project of the Ayala and Alcantara groups, will have a multilevel supermarket to be put up by mall developer DS Gaisano Group, Inc.

THE Department of Agriculture (DA) said it is considering providing low-interest financing for rice inventory purchases by entities seeking to source palay, or unmilled rice, directly from farmers.

THE Government Procurement Policy Board (GPPB) has approved a resolution raising the foreign equity requirement for infrastructure projects to 40% from the current 25%.

THE government signed on Wednesday an agreement with a contractor tasked to build the last component of the so-called Unified Grand Central Station -- previously known as the common station for the Metro Rail Transit (MRT) and Light Rail Transit (LRT) lines, with the station due to open in late 2020.

PHILIPPINE National Oil Co. (PNOC) has terminated its selection of a joint venture (JV) partner for its proposed liquefied natural gas (LNG) hub in the country, formally ending its bid to spearhead what could have been a state-led facility for the imported fuel.

THE ECONOMY could contract by as much as 4.5% this year as the rise in coronavirus infections and implementation of lockdown measures continue to dent consumption, Moody’s Investors Service said.

ECONOMIC managers said the Philippines will not be significantly affected by the rising possibility of global recession since the country is not export-driven.