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THE country’s tourism industry group said that there should be more efforts to help businesses avail of government assistance as it anticipates potential recovery only towards the end of 2021.
TRADE SECRETARY Ramon M. Lopez said the current strength of the peso is challenging for the export sector, and added that the currency could do with some weakening, calling P50 to the dollar a “balanced” valuation which will satisfy exporters while still enabling the surge in imports that will come with the economic recovery.
More than 50 private sector groups are urging lawmakers to immediately enact a bill that would cut corporate income tax and streamline fiscal incentives. Legislators...
THE DEPARTMENT of Trade and Industry (DTI) is gathering information from small businesses to potentially include them in the government’s vaccination program. Trade Secretary Ramon...
Megawide Construction Corp. is willing to move on to other projects if the Manila International Airport Authority (MIAA) board chooses not to reconsider its...
THE SENATE might push for a one-line amendment of the 1987 Constitution that will relax foreign ownership limits to increase its chances of being passed, its top leader said on Wednesday.
TOURISM REVENUES last year plunged 83% to P81.4 billion after pandemic-related travel restrictions kept foreign visitors away.
A CAR parts labor group is urging the government to introduce new incentives for automotive companies manufacturing locally to complement import safeguards designed to protect the local industry.
THE cold chain industry is expected to become a P20 billion industry by 2023, led by its core market of food but with new impetus provided by vaccine distribution, the Board of Investments (BoI) said.
A WEBSITE that posed as associated with the Land Transportation Office (LTO) has been blocked by several internet service providers (ISP) after its owners failed to address privacy violation allegations from the National Privacy Commission (NPC).
CIRTEK ELECTRONICS Corp. plans to increase local production by 20% as it partners with major customers to provide parts for consumer electronics and electric charger products.
THE PHILIPPINE Chamber of Commerce and Industry (PCCI) on Monday urged lawmakers to prioritize the passage of pending economic bills instead of changing the 1987 Constitution.
RETAILERS still expect sales to remain lower than pre-pandemic levels this year, as consumers continue to stay home and scale back on their spending amid the pandemic.
THE ABILITY of companies to keep data secure could emerge as a competitive advantage during the migration to online business processes, now that businesses can devote more time to privacy issues after exiting from survival mode during the early days of the lockdown, according to Singapore technology company Straits Interactive Pte. Ltd.
THE PHILIPPINES ranked fourth in Southeast Asia in a study measuring the percentage of women holding leadership positions in e-commerce companies, online shopping company iPrice Group said.
TRADE Secretary Ramon M. Lopez disputed the auto industry’s claims of potential job losses caused by safeguard duties on car imports, countering that the duties are designed to protect manufacturing jobs rather than those of importers.
THE GOVERNMENT will require quality certifications for two more types of steel — hot-dip metallic-coated and pre-painted galvanized steel in coil and sheet form — before they are allowed for sale.
MOST Japanese companies in the Philippines expect the economy to recover from the coronavirus disease 2019 (COVID-19) pandemic this year, with 60% anticipating an improvement in operating profits.
THE Philippine Competition Commission (PCC) reviewed P909 billion in 26 mergers and acquisitions transactions last year, approving 20.
FILIPINOS might get bombarded with more fake information as the Philippines prepares for the national elections in 2022, global cybersecurity company Kaspersky Lab said.
THE Department of Transportation (DoTr) said it will be rolling out a cashless transit card payment system this year for use in all modes of public transportation nationwide.
THE Cabinet-level committee on tariffs plans to oppose an increase in duties on imported chicken and turkey in mechanically deboned meat (MDM) form, Trade Secretary Ramon M. Lopez said.
THE Trade department said the passage of a key tax reform bill, known as the Corporate Recovery and Tax Incentives for Enterprises (CREATE), forms a major part of its investment promotion message.
THE Philippines is set to become the 22nd biggest economy in the world over the next 15 years despite the disruption caused by the coronavirus pandemic, a report showed.
DIGITAL PAYMENT company PayMaya Philippines, Inc. has reached 28 million users across its platforms this year.