Tag: Jenina P. Ibañez

By Arjay L. Balinbin, Senior Reporter and Jenina P. Ibañez, Reporter The European Parliament on Thursday voted to revoke tariff perks enjoyed by Philippine products...

The government plans to distribute 20 million reusable face masks produced in the next two months to the country’s poorest, according to the Department...

GOODS PRICES are expected to remain stable during the year-end holidays as consumer demand remains weak, the Trade department said. “Matumal ang demand sa pangkalahatan...

ELECTRONICS exporters are expecting only some negative effects from the US-China trade war, which has had very little impact on the industry so far,...

THE government’s tourism promotions arm said it is hoping to generate “realistic” revenue from its trade show in Bohol next week.

THE head of the country’s oldest distiller has made it into the Forbes list of Asia’s top businesswomen this year.

THE PHILIPPINES will need to deftly navigate the US-China trade dispute during and after the pandemic, likely via increased regional cooperation, while also reassuring partners that its disease-containment efforts are effective, experts said.

THE Trade department is evaluating the export market for food and textiles in Switzerland and other countries within the European Free Trade Association (EFTA).

MORE than half of chief executive officers (CEO) are still confident of their companies’ revenue growth over the next year, although overall confidence declined due to uncertainty brought by the pandemic, according to results of the PwC Philippines-Management Association of the Philippines survey.

THE automotive industry’s sales slump continues with an almost 40% decline in August after Metro Manila and nearby provinces were placed under a stricter lockdown for two weeks.

THE Philippine Competition Commission (PCC) will be issuing guidelines on the suspension of its review of business mergers and acquisitions with transaction values below P50 billion.

THE Philippine outsourcing industry is looking to tap new markets such as Singapore, Japan, Malaysia, and Sri Lanka for much-needed investments.

THE COMPETITION regulation body is proposing a grace period for the lowering of the capitalization requirement for foreign retail investors. The Retail Trade Liberalization Act...

Metro Manila-based investment projects involving the manufacture of critical goods such as test kits, personal protective equipment (PPE) and medicine may now avail of...

THE Mindanao business community wants the government to restart its infrastructure projects in the region as the economy reopens.

CYBERSECURITY is increasingly being viewed by C-level executives as a means of ensuring business continuity during the pandemic, after the initial rush to ensure that systems were robust enough to accommodate work-from-home (WFH) arrangements, Unisys Corp. said. 

THE National Privacy Commission (NPC) said in a statement that contact-tracing organizations must not collect unnecessary information in their forms, such as signatures.

LEGISLATORS said they are considering increasing the funding for the Trade department’s loan fund to aid in the recovery of small businesses affected by the lockdown from its current proposed level of P1.5 billion.

THE private sector is asking the government for a six-month plan detailing how the Philippines can bounce back from the devastating impact of the coronavirus disease 2019 (COVID-19).

PHILIPPINE consumption of fast-moving consumer goods has shifted to suit a home-based lifestyle, a report from Nielsen Holdings PLC said.

THE Department of Trade and Industry (DTI) has notified the World Trade Organization (WTO) about its plan to look into possible safeguard measures against imports of resin products.

THE Anti-Red Tape Authority (ARTA) said it will work with local government units (LGUs) for a full nationwide rollout of online one-stop shops for their permits by next year, with the aim of improving the Philippines’ global innovation ranking.

MANUFACTURERS are asking the government to review trade laws to protect local industries from the influx of “cheaper and substandard” imported goods into the Philippines.

MITSUBISHI Motors Corp. (MMC) introduced its hybrid SUV Outlander PHEV in the Philippines as part of its plan to expand in the Southeast Asian region.

THE Philippine Chamber of Commerce and Industry (PCCI) is seeking closer business relationships with its counterparts in neighbors like Malaysia to develop the domestic halal industry, touting such cooperation as a possible driver of the economic recovery.

PHILIPPINE EXPORTS’ return to growth could be as far away as 2022 after the effects of the pandemic caused a slowdown in operations that will likely prompt the government to revise its export targets for the next few years.

THE Philippine Competition Commission (PCC) green-lit DMC Urban Property Developers, Inc.’s acquisition of the Makati-based office building assets of PLDT Inc.

THE Department of Trade and Industry (DTI) said it will look into the imposition of safeguard measures on resin products after receiving a claim from JG Summit Petrochemical Corp. (JGSPC) that it has been harmed by unfair competition from imports.

THE Board of Investments (BoI) said approved investment pledges increased by 25% year on year in the first eight months of 2020.

THE Philippine Chamber of Commerce and Industry (PCCI) anticipates improvement in economic activity and employment in the fourth quarter after some easing of lockdown restrictions.

By Jenina P. Ibañez, Reporter CASH-STRAPPED airlines owe nearly P1 billion in ticket refunds for canceled flights during the pandemic, travel agencies said. The Philippine Travel...

THE Philippines moved up four spots to 50th out of 131 economies on an annual list that measures their performance in innovation, becoming one of four Asian countries with the most significant progress.

EMPLOYEES that lost their jobs during the pandemic are mostly young and short tenured, according to a job market survey issued by online work portal JobStreet.com.

TIGHT consumer spending, faster e-commerce growth and the need for fast and reliable delivery amid a coronavirus pandemic has forced Philippine retailers to adapt and innovate, according to consulting firm Bain & Company.

Educators join opposition to anti-terrorism law EDUCATORS from various public and private institutions asked the Supreme Court to declare unconstitutional the law which expanded the...

A SUGGESTED retail price (SRP) scheme for laptops and tablets could be based on memory capacity, though trade officials are wary of such “one-size-fits-all” criteria for imposing price ceilings on such devices, which have seen demand soar as schools shift to online lessons.

THE Trade department is making a renewed push for the passage of bills that would further open up the economy to foreign direct investments (FDI), after Philippine rules on such were again deemed among the most restrictive in the world.

THE Trade department is asking for a ban on poultry products from Brazil to be lifted, after meat processors said such a ban could lead to food shortages.

MAYORS IN Metro Manila have recommended to extend the quarantine measures that are in effect until end-August while the national task force on the coronavirus response were still meeting as of Monday late afternoon on what will be the lockdown status of the capital starting Sept. 1.

THE government’s central portal streamlining the process of establishing a business is due for public launch next month, the Anti-Red Tape Authority (ARTA) said.

FREE TRADE agreement (FTA) negotiations between the Philippines and South Korea are still due to conclude this year despite delays caused by the pandemic, the Department of Trade and Industry (DTI) said.

COCA-COLA Beverages Philippines, Inc. posted its worst sales in the country after losing demand from restaurant and convenience store clients, which account for at least half of its revenue, amid a coronavirus lockdown.

GRANT THORNTON said it has launched a service to help retail businesses relocate or expand to Southeast Asia in the wake of the pandemic and continued trade tensions between the United States and China.

MOST OF the outstanding issues in a 15-country regional trade deal including Asia's largest economies have been resolved with a signing expected in November, the Department of Trade and Industry (DTI) said in a statement.

THE Anti-Red Tape Authority (ARTA) said it is preparing to streamline the process for deploying overseas Filipino workers (OFWs), after consulting with the agencies overseeing the current process.