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Car sales fall further in August

DOMESTIC sales of automobiles picked up in August from the previous month, but declined 14.1% when compared to the same month a year ago.

US chipmaker maintains local spending plan ahead of changes in incentives...

CALIFORNIA-BASED chipmaker Maxim Integrated, Inc. is maintaining its capital expenditure program in the country next year despite the semiconductor industry’s concerns over the government’s plan to change its fiscal incentive policies.

IPOPHL to offer fast track for patent applicants

THE Intellectual Property Office of the Philippines (IPOPHL) said it will soon offer a fast-track lane for trademark applicants to comply with the Ease of Doing Business law’s mandatory timeline.

DTI turns to Japan for help in launching small businesses

THE Department of Trade and Industry (DTI) has invited more tech-focused small and medium-scale businesses from Japan to partner with Philippine companies that can help in launching their products in the market.

SB Corp. in e-payment tie-up for entrepreneurs

THE Small Business Corporation (SB Corp.) has tied up with the Land Bank of the Philippines (LANDBANK) to offer an e-payment service to mostly benefit micro, small and medium enterprises (MSMEs) in rural areas.

NFA says rice dealers do not want to sell lower-grade grains

THE National Food Authority (NFA) said the market is running short of regular-milled rice, which it says should force a rethink of the private-sector led-importation rules to increase the availability of the affordable type of the staple.

DTI receiving inquiries from manufacturers seeking to leave China

THE Department of Trade and Industry (DTI) said it has received inquiries from some foreign firms seeking to relocate manufacturing operations to the Philippines amid tensions between US and China.

Nissan posts record sales in 18 years

NISSAN Philippines, Inc. said it had registered in August the largest monthly sales in 18 years, despite unfavorable market conditions slowing down the auto industry’s sales.

Economic team wields inflation tool kit

THE PHILIPPINE ECONOMY is ready to face headwinds from rising inflation and further depreciation of the peso which have intensified in recent months, economic managers said on Tuesday, saying the government has all the tools it needs to handle these “temporary” challenges.

Hyundai sales down in August

HYUNDAI Asia Resources, Inc. saw August sales decline nearly a tenth and expects the slow down in automotive buying to continue amid increasing global oil prices and the continuing effect of the excise tax on vehicles coupled with the rapid rise of inflation.

Electronics industry expects to hit $50-B export level by 2030

THE Semiconductor and Electronics Industries in the Philippines Foundation, Inc. (SEIPI) said its industry road map sets a 6% annual export growth target which will help it achieve its $50 billion target for export sales by 2030.