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PCC outlines notification requirements for JV deals

THE Philippine Competition Commission (PCC) has approved final guidelines for notification requirements covering future joint ventures (JVs).

E-commerce growth prompts foodpanda expansion till 2019

THE foodpanda Group plans to expand into six more cities until 2019 as it tries to catch up with the fast-growing e-commerce market in the country.

DTI seeking to cancel permits of traders found selling only premium...

THE Department of Trade and Industry (DTI) said it will seek to revoke the business permits of rice retailers who do not offer more affordable types of rice.

Exporters support clusters to raise manufacturing competitiveness

EXPORTERS have expressed their support for the clustering of shipping and manufacturing hubs to lower logistics costs and make exports more competitive.

DTI seeking authorization to buy rice from foreign gov’ts

THE Department of Trade and Industry (DTI) is seeking to import an additional 150,000 metric tons of rice under a government-to-government scheme, saying that the process will take less time than an open tender.

Investors fret as storm threatens

THE PHILIPPINE STOCK EXCHANGE index (PSEi) retreated on Friday from Thursday’s gain that had otherwise snapped six straight sessions of losses, as lack of compelling leads gave way to pessimism in the face of a huge storm that was expected to hit Luzon’s farms hard on Saturday at a time of spiking inflation.

Trade dep’t touts list of 41 firms agreeing to suspend price...

THE Department of Trade and Industry (DTI) said 41 manufacturing and retail firms have agreed to delay price increases as an inflation-control measure.

Electronics exports rise 5.38% in first 7 months, SEIPI says

ELECTRONICS EXPORTS in the first seven months grew 5.38% year-on-year to $21.61 billion, the Semiconductor and Electronics Industries in the Philippines Foundation, Inc. (SEIPI) said.

Foreign business groups welcome infrastructure drive, but worry about changing incentives...

FOREIGN CHAMBERS welcome the government’s infrastructure development push and unveiled their annual list of recommendations to further push this drive, but believe efforts to streamline incentives would make the country less attractive to investments.

Key senator open to retaining 5% GIE in TRABAHO bill

THE CHAIRMAN of the Senate’s economic affairs committee said he is open to retaining the 5% gross income earned (GIE) tax incentive as a means of maintaining competitiveness as legislators work on the latest tax reform law, known as TRABAHO (Tax Reform for Attracting Better and High-quality Opportunities).

PCCI sees inflation curbed with quick action on agri

THE business lobby said inflation can be kept in check with changes to agricultural policy, particularly with long-term reforms to address systemic production shortfalls in the sugar, rice and fishing industries.

DTI says price caps will worsen supply problems

THE Department of Trade and Industry (DTI) said it expects a system of price caps imposed on key goods to worsen shortages in the market.

PHL shares end flat as investors pick up bargains

SHARES opened the week on a flattish note as investors went bargain hunting, while some were still reeling from last week’s news, particularly the faster-than-expected inflation print and the US’ threat of more tariffs on Chinese products.

DTI sees Israel, Jordan firms starting work on Philippine deals this...

THE Department of Trade and Industry (DTI) said it expects most deals signed with companies in Israel and Jordan will start to be implemented within the year.

Sentiment to stay negative after inflation shock

SENTIMENT at the local market may still be dampened over last week’s report of a faster-than-expected inflation rate, but investors will be on the lookout for optimistic prospects here and abroad.

DTI sees China trade show interest boosting exports

THE Department of Trade and Industry (DTI) said it is pushing to expand exports to China in the wake of growing demand, as reflected in robust Philippine participation in Chinese trade shows.

Jollibee teams up with celebrity chef Bayless for Mexican restaurants in...

FAST FOOD giant Jollibee Foods Corp. (JFC) is partnering with celebrity chef Rick Bayless to expand the latter’s Mexican casual restaurant chain in the United States.

Nestle: No plans to close manufacturing facilities in Philippines

NESTLE Philippines, Inc. on Friday said it is not planning to close “any of its manufacturing facilities in the Philippines.”

DTI invites PACC to help craft EoDB Act’s implementing rules

THE Department of Trade and Industry (DTI) has urged the Philippine Anti-Corruption Commission (PACC) to take part in the crafting of the Ease of Doing Business law’s implementing rules and regulations (IRR) after the former criticized the “delay” in its completion.

DTI expands list of goods with SRP, adjusts prices

THE DEPARTMENT of Trade and Industry (DTI) has added more items in its suggested retail price (SRP) list for manufactured basic necessities and prime commodities.

Nestlé Philippines seeking clarity on junk food ban in QC schools

NESTLÉ Philippines is seeking clarity on the Quezon City ordinance banning the sale of junk food and sugary drinks near schools, as more local government units are planning to follow the city’s example.

Rockwell Collins unit seeks pioneer perks from PEZA for aircraft interior...

B/E Aerospace B.V., based in Florida, is seeking pioneer status for three aircraft interior projects to qualify for incentives granted by the Philippine Economic Zone Authority (PEZA).

PSEi drops as investors assess inflation’s impact

THE LOCAL BOURSE tumbled further on Thursday as the faster-than-expected August inflation print continued to roil the market and as global trade tensions further dampened sentiment.

British chamber remains positive on growth despite inflation, tax issues

THE BRITISH CHAMBER of Commerce of the Philippines (BCCP) said it remains positive on the Philippines’ growth potential despite problems posed by inflation, higher taxes and interest rates.

DTI angling for EU medical tech investment

THE Department and Trade and Industry (DTI) said it hopes to attract more investment from European Union (EU) medical technology companies, citing the potential for domestic demand growth created by the surging health care needs of elderly patients.

Anti-trust body clears AXA-XL Group merger

PHILIPPINE Competition Commission has approved AXA S.A.’s acquisition of XL Group Ltd. but imposed a fine on the insurance firms for the late filing of their notification of the merger.

PHL improves ranking in trade sustainability study

THE Philippines was 10th in a ranking of 20 countries — including the United States and 19 Asian economies — in a measure of long-term trade sustainability, the 2018 Hinrich Foundation Sustainable Trade Index.

Survey finds CEOs still bullish amid challenges

CHIEF EXECUTIVE OFFICERS (CEO) in the Philippines remain confident about business prospects over the next 12 months despite mounting uncertainty from global trade tensions and monetary tightening, regulatory changes at home and the challenge posed by disruption, according to results of a survey conducted by PwC Philippines for the Management Association of the Philippines (MAP) that were released on Monday.

SteelAsia output hits 1-million MT in 1st half

STEELASIA Manufacturing Corp. reported its output of steel bars jumped 11% year-on-year to over a million metric tons (MT) in the first half of 2018, citing strong demand from the public and private sectors.

PHL seeking greater SKorea market access for bananas

THE Philippines is considering a preferential trade agreement with South Korea to ease access for its banana exports, or may seek to include provisions for banana exports in the Association of Southeast Asian Nations (ASEAN) free trade agreement.

OECD finds improvements in Southeast Asian SME policy framework

THE Organisation for Economic Cooperation and Development (OECD) said it found an improved policy environment for Small and Medium Enterprises (SMEs) in Southeast Asia since its last survey in 2014, particularly in terms of e-commerce access.

US seeking role in PHL infrastructure program

THE United States is making a pitch on behalf of US companies seeking to participate in the government’s ambitious infrastructure program.

7 Boracay entrepreneurs get loan from SB Corp.

THE GOVERNMENT-run Small Business Corp. (SB Corp.) announced yesterday that it has started releasing loans to micro enterprises affected by the six-month shutdown of resort island Boracay, more than four months since the closure started on April 26.

Turkey trade deal may help revive garments sector

THE Department of Trade and Industry (DTI) is seeking to conclude a preferential trade agreement with Turkey with the intention of helping revive the Philippine textile industry.

Direct flights to India expected to boost two-way visitor traffic

INDIA EXPECTS additional direct flights to and from the Philippines to expand visitor traffic both ways, its ambassador said.

Coca-Cola FEMSA’s sale of PHL operations ‘credit positive’ — Moody’s

COCA-COLA FEMSA S.A.B. de C.V.’s decision to sell its stake in bottling operations in the Philippines has been deemed a credit positive by Moody’s Investors Service, as the proceeds are expected to be used to reduce the company’s debt.

DTI amends company name rules to boost ease doing business

THE Department of Trade and Industry (DTI) has updated the implementing rules and regulations of the Business Name (BN) Law to incorporate an industry benchmarking system while harmonizing it with the Ease of Doing Business (EoDB) Act of 2018, among other laws.

PCC starts further review of URC-Roxas Holdings deal

UNIVERSAL ROBINA Corp. (URC) on Thursday said it is acquiring the sugar milling and refining assets of Roxas Holdings, Inc.’s (RHI) subsidiary in Nasugbu, Batangas.

Marikina schools may offer 4-year shoe courses next year

MARIKINA City’s shoe industry said two of the city’s educational institutions may start offering degree programs in footwear development next year.

Nationwide round-up

Gov’t hauls in P8.8B worth of pirated, fake goods in H1 AUTHORITIES SEIZED P8.8 billion worth of pirated and counterfeit goods in the first half...

DTI expects wet market prices to mirror decline at farmgate level

THE Department of Trade and Industry (DTI) threatened wet market vendors with closure or price controls if retail prices do not more closely mirror the decline in farmgate prices.

PHL-made products recognized at Great Taste Awards

NINE PHILIPPINE-MADE products were recognized at the 2018 Great Taste Awards, with a pili nut snack receiving the highest three-star ranking.

Coca-Cola open to refranchising PHL operations

ATLANTA-BASED The Coca-Cola Co. said it is open to potential partners for its bottling operations in the Philippines, after Mexico’s Coca-Cola FEMSA S.A.B de C.V. exited the local market.

PCC warns of review if 3rd-player criteria stand

THE Philippine Competition Commission will ask the Department of Information and Communications Technology (DICT) to incorporate the commission’s recommendations in the selection criteria for the telecom industry’s third entrant, the so-called third player.

Meat processors lobby for streamlining of import red tape, including reduced...

THE meat processing industry is proposing measures to help streamline the importation process for its raw materials, including the removal of certain permits.