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Permit process for fiber optics projects next up for streamlining

THE Anti-Red Tape Authority (ARTA) said it will include fiber optics and broadcast tower projects to its list of telecommunications works where the permit process requires streamlining.

Modest expo sales target set for PHL food firms

Philippine food companies participating virtually in the largest food and beverage trade event in Asia have been set a sales target of $14.05 million this year.

Companies cautious on recovery as lockdown kept

COMPANIES in various industries are keeping a cautious outlook on recovery this year, after Malacañang decided not to loosen lockdown restrictions.

Fewer countries exempted from safeguard duties on car imports — Trade...

FEWER COUNTRIES will be exempt from duties placed on car imports after the government reassessed its developing economy classifications to comply with international rules, the Department of Trade and Industry (DTI) said.

BPOs report productivity boost from remote work arrangements

PRODUCTIVITY in the outsourcing industry rose in 2020 following the extensive adoption of remote work arrangements, the Information Technology and Business Process Association of the Philippines (IBPAP) said.

Auto workers claim sufficient standing to seek safeguard duties

AUTO WORKERS who sought safeguard duties on car imports asserted their standing to file such a petition after being queried about whether they actually represent the industry.

Yamaha allots nearly P3 billion for manufacturing expansion

YAMAHA MOTOR Philippines, Inc. has launched a P2.7-billion factory expansion at the Lima Technology Center in Batangas to increase its Philippine manufacturing operations.

Coca-Cola to invest P3 billion to boost production in Luzon

THE Coca-Cola Company plans to invest an initial $63 million (around P3 billion) in its Philippine operations this year to expand Luzon-based production.

Nationwide round-up (02/23/21)

THE Senate on Tuesday approved on third and final reading a measure seeking to expedite the procurement of vaccines against the coronavirus disease 2019 (COVID-19) and set an indemnification fund.

Regulator investigating Cashalo data breach

THE National Privacy Commission (NPC) is investigating a potential data breach involving 3.3 million users of online lending platform Cashalo, a joint venture between JG Summit Holdings subsidiary Express Holdings, Inc. and Hong Kong-based Oriente.

PHL tops ‘Women in Business’ survey

THE PHILIPPINES has again topped a global survey on the role of women in senior management, with more women taking on top roles in mid-market businesses compared with 29 other economies.

BoI approves incentives for electric vehicle tech startup

THE Board of Investments (BoI) has approved start-up company CHRG Electric Vehicle Technologies Inc. as a new domestic producer of electric vehicle (EV) fast chargers and retrofit kits under the Investment Priorities Plan.

Regulator warns against possible weakening of competition under FIST law

THE Philippine Competition Commission (PCC) warned against the possible competition-weakening effects of a recently-signed law that will relieve banks of non-performing loans.

Leopard Connectivity denies anti-competitive barrier

THE firms facing a complaint from the competition regulator for limiting condominium residents to an affiliated internet service provider (ISP) have denied impeding competition.

PHL’s trade privileges with UK underused, exporters say

EXPORTERS said the Philippines’ trade privileges with the UK are currently underutilized, and urged businesses to tap the opportunities for duty-free export to that market.

Patented tech now eligible for incentives under Investment Priorities Plan

THE latest Investment Priorities Plan (IPP) now recognizes as eligible for incentives any projects that facilitate the entry of patented technologies into the market.

NPC recommends prosecution of Fynamics Lending

THE National Privacy Commission (NPC) has recommended the prosecution of Pondo Peso online lending app operator Fynamics Lending Inc. for using the personal information...

MRT-7 to open by end-2022

San Miguel Corporation (SMC) on Friday said the Metro Rail Transit Line 7 (MRT-7) project is now 54% complete, on track for its opening...

Antonio eyes settlement with Revolution Precrafted’s suppliers, contractors

Revolution Precrafted Properties Inc. is discussing potential settlements with suppliers and contractors that filed complaints against the start-up company with the National Bureau of...

Singapore start-up enters Philippines market

The Ayala Corp. fund for startups will inject $2 million into internet distribution technology from a Singapore-based company, venture capital firm Kickstart Ventures Inc....

Groups warn of lost opportunities amid COVID-19

PHILIPPINE business groups on Thursday urged the government to further ease lockdowns to fast-track economic recovery amid a coronavirus pandemic.

DTI restores ceramic tile quality-certification

CERAMIC TILES have been returned to the list of products that must be certified for quality before being allowed for sale in the Philippines.

Pandemic derails gains made by PHL creative industry

THE GROWTH of the creative economy was stunted during the pandemic as entertainment industry operations either stopped or slowed down, the Department of Trade and Industry said.

Car importers question petition for safeguards

THE LEGAL representatives of industry groups affected by safeguard duties on car imports are questioning the validity of the petition for the protection measure filed by a labor group.

ARTA: Lack of automation at BAI an inflation risk

THE Anti-Red Tape Authority (ARTA) has asked the Bureau of Animal Industry (BAI) to automate its processes to help bring down the cost of produce and contain inflation.

Philippines’ sole newsprint manufacturer halts operations

THE COUNTRY’S sole newsprint manufacturer is looking to restart operations in the second half after it stopped production last year.

Nationwide round-up (02/16/21)

THE National Privacy Commission (NPC) is warning teachers against posting on social media photos or video clips collected from online classrooms to protect the privacy of students.

Trade department mulls order vs installment-only vehicle payment schemes

THE Department of Trade and Industry (DTI) may draft an order against installment-only payment schemes for vehicles, including motorcycles.

DMCI launches 2nd tower of Pasig City condo

DMCI PROJECT Developers, Inc. (DMCI Homes) recently launched the second tower of its Allegra Garden Place condominium in Pasig City as it anticipates growing demand.

Alorica sets 10-15% revenue growth target

OUTSOURCING firm Alorica Philippines is expecting its revenues to grow 10-15% this year as demand from the retail and logistics industries requiring more customer service assistance swells.

Greenfield Dev’t facing competition complaint over ISP choice

THE Philippine Competition Commission (PCC) is pursuing a competition complaint against Greenfield Development Corp. after the property developer required residents of its Mandaluyong condominium to sign up for its affiliated internet service provider (ISP).

PHL agriculture may see export recovery this year

THE EXPORT INDUSTRY is expecting the agriculture sector to lead some export recovery this year, while manufacturing growth will remain slow.

Turnitin to upskill local university staff

TURNITIN Philippines is partnering with local universities to upskill staff in using its technologies in 2021.

Local COVID-19 infections nearing 550,000

THE Department of Health (DoH) reported 1,928 coronavirus cases on Sunday, bringing the total to 549,176.

PHL FDI ‘growth’ in 2020 reflects different UNCTAD methodology

THE Philippines’ foreign direct investment (FDI) performance in 2020 has become the subject of contention after the United Nations Conference on Trade and Development (UNCTAD) projected that the country “bucked the trend” in Southeast Asia with a gain of 29% to $6.4 billion.

Car sales show hint of recovery in January

THE AUTO INDUSTRY is showing hints of recovery, as car sales in January dipped by 1.4% year on year, the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and the Truck Manufacturers Association (TMA) reported on Thursday.

Steel industry not planning to request new safeguard duties

THE steel industry does not expect to apply for new safeguard duties following the expiry of the last round of duties in 2019, after concluding that manufacturers have since recovered.

PHL lags in global export recovery

PHILIPPINE EXPORT performance remains below East Asian economies that are leading global trade recovery, a United Nations (UN) report said.

DTI sees possible e-vehicle niche for PHL within RCEP

THE Department of Trade and Industry (DTI) views electric vehicle manufacturing as a possible area where the Philippines could enjoy a competitive advantage within a 15-country trade bloc which Manila joined last year.

Property prices to slowly recover in 2022

A SLOW RECOVERY in property prices will likely begin in 2022, as capital values last year fell more sharply than the decline seen during...

Hospitality industry seeking gov’t clearance to stage weddings, events

HOSPITALITY-INDUSTRY professionals are asking the government to loosen its restrictions on events like weddings, noting that hosting such events would help make up for...

Accreditation proposed for auto repair shops, freight forwarder, DTI says

AUTO REPAIR shops and freight forwarders may be required to seek accreditation as a consumer protection measure, the Department of Trade and Industry (DTI)...

McDonald’s closes 30 local stores

MCDONALD’S Philippines shuttered 30 stores last year after lease expirations and some concerns with financial sustainability.

Property sentiment may rally as vaccines arrive

INTEREST in commercial properties within central business districts, as well as residential spaces may increase this year as market sentiment improves, online property market place Lamudi said in a report on Thursday.