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Pandemic further tightens funding for women

BARRIERS to financing for Filipino women entrepreneurs have been aggravated by the pandemic, social enterprise incubator Villgro Philippines said.

IP authority seeks power to take down social media posts for...

THE intellectual property office is seeking further enforcement powers to order the removal of social media posts selling counterfeit or pirated goods and materials.

Anti-terrorism bill signed into law without amendments

PRESIDENT RODRIGO R. Duterte on Friday signed the anti-terrorism bill despite widespread calls for a veto and further consultations on provisions that could infringe...

IPOPHL and PIDS to conduct IP research, policy analysis

The country’s intellectual property office will work with government think tank Philippine Institute for Development Studies (PIDS) on intellectual property research projects and policy...

Gov’t considering easing cap on dine-in, hotel operations

THE government is considering increasing restaurant dine-in capacity and resetting the level of permitted hotel activity in areas under general community quarantine (GCQ), Trade Secretary Ramon M. Lopez said.

PCCI urges gov’t to ease travel curbs to aid airlines

THE Philippine Chamber of Commerce and Industry (PCCI) called for the easing of travel restrictions in order to aid the recovery of airlines.

SB Corp. loan applications overwhelm available funding

THE Small Business Corp. (SB Corp.), which expects to start disbursing loans to qualified businesses by the end of July, has received loan applications that are more than double the P1 billion initially budgeted for lending.

DTI warns logistics firm caught mishandling parcels on video

THE Department of Trade and Industry (DTI) issued a warning to delivery company PH Global Jet Express, Inc. or J&T Express over its alleged mishandling of packages, and ruled that merchants will be responsible for replacing damaged products.

PHL losses from tourism standstill could reach $22.6B

THE Philippines could lose up to $22.64 billion (P1.13 trillion) or seven percent of GDP if the tourism standstill caused by the pandemic extends to 12 months, the United Nations Conference on Trade and Development (UNCTAD) said in a report.

New ‘digital cities’ seen to attract P70B in investments

A PARTNERSHIP between the government and private sector identified 25 new cities for outsourcing development, as part of efforts to redirect opportunities towards the countryside.

Cash-strapped start-ups looking to tap large companies for investment

START-UPS struggled during the lockdown because of restrictions on movement and declining cash, and are now looking to companies to partner with and provide investment, QBO Innovation Hub President Rene S. Meily said.

BPOs face slowing growth this year

MANY business process outsourcing (BPO) companies expect flat growth or a contraction this year, while some big businesses still hope to grow by single-digits amid the pandemic, according to an informal poll conducted by the Information Technology and Business Process Association of the Philippines (IBPAP).

Fewer big malls, more town centers after pandemic

THERE will be fewer regional super malls and more town centers as the pandemic forces a drastic change in consumer behavior, according to a leading urban planner.

Nationwide round-up

DATA BREACH notifications at universities and colleges reached 19 in the first six months this year, exceeding the 18 in full-year 2019, the National Privacy Commission (NPC) reported on Sunday.

Privacy body says FaceApp policies have improved

FACEAPP’S privacy policies have improved in the past year, the National Privacy Commission said when it reassessed the popular editing application after cybersecurity experts flagged the risks of uploading personal images.

BPOs scale back upskilling program to 1,000 trainees

THE business process outsourcing (BPO) industry is scaling down its upskilling program to about 1,000 employees this year as it shifts to online training sessions due to disruptions caused by the pandemic.

PHL trade may benefit from easing restrictions

PHILIPPINE TRADE is seen to gradually benefit from easing restrictions from the world’s largest economies, after steep declines in global trade were somewhat tempered by government responses to contain the pandemic.

Panic-buying restrictions lifted as supply improves

THE Department of Trade and Industry (DTI) has lifted the buyer limit on essential goods like food and hygiene products imposed during the lockdown, while also easing the restrictions on disinfectant liquids.

Philippines commits to signing RCEP by November

THE Philippines has joined its trade partners in committing to sign by November a 15-country regional trade deal that includes Asia’s largest economies except India.

Teleperformance plans Cavite office

OUTSOURCING firm Teleperformance Philippines plans to open a new office in Cavite by the third quarter as it signals optimism about the growth of the sector throughout the health crisis.

PHL to initiate safeguard measures probe into iron, zinc imports

THE Philippines has notified the World Trade Organization (WTO) about its plan to investigate proposed safeguard measures on various iron and zinc imports at the request of its steel industry.

Taiwan bike maker being wooed to manufacture bicycles in Philippines

A MAJOR Taiwan bicycle manufacturer has expressed interest in establishing production in the Philippines to support the expected surge in bike riding due to limited transport options after the lockdown.

Nationwide round-up

THE PRESIDENTIAL Palace on Monday said the executive department is collaborating with legislators for the passage of a law that will extend the President’s emergency powers for response measures on the coronavirus disease 2019 (COVID-19) crisis.

[B-SIDE Podcast] Artificial intelligence: the key to a thriving post-pandemic economy

https://open.spotify.com/episode/3QYK6sxokTsbp5vvKzBHlY Follow us on Spotify BusinessWorld B-Side Artificial intelligence (AI) may be the key to helping the Philippine economy get back on its feet. Without sufficient...

Local car-making fiscal support unchanged despite sales slump

THE government has no immediate plans to revise a fiscal support program for automotive companies investing in local production after industry sales slumped due to the pandemic.

DTI: refund advance payments for canceled events

ADVANCE payments for events that have been canceled or scaled down due to lockdown restrictions must be refunded, the Department of Trade and Industry (DTI) said.

Digital infrastructure seen crucial in boosting competitiveness

THE Philippines must improve its digital infrastructure to boost competitiveness while also increasing its resilience to crises like the pandemic, a National Economic and Development Authority (NEDA) official said.

Nationwide round-up

THE OFFICE of the Ombudsman has formed two teams to investigate alleged anomalies committed by health officials, including Secretary Francisco T. Duque III, in the government’s response to the coronavirus disease 2019 (COVID-19) outbreak.

DTI pilots e-commerce export program for small businesses

THE Trade department’s export marketing arm is planning a P25-million program to connect small businesses to consumers in the United States through e-commerce.

PHL competitiveness still lags in Asia

THE Philippines inched just one notch higher in an annual global competitiveness report that placed the country among the lowest in Asia and the Pacific, as it showed no improvement in any of four key factors studied.

More German firms expect sales decline

THE number of German investors anticipating a significant decline in sales due to the pandemic has doubled since April, a survey conducted by the German Philippine Chamber of Commerce and Industry (GPCCI) said.

PEZA seeking P100 billion in stimulus money

THE Philippine Economic Zone Authority (PEZA) is asking for P100 billion from the government’s proposed economic recovery program to help develop more public economic zones.

Car sales plunge during lockdown

AUTOMOTIVE sales plunged to just over a hundred units in April, before recovering in May as lockdown restrictions began easing around the country.

‘Indulgent’ purchases seen to recover as quarantine eases

CONSUMERS may soon start buying “indulgent” products as lockdown restrictions ease around the country, Nielsen Philippines Executive Director John Patrick Cua said.

Firms hurt by packaging supply chain disruption

MANUFACTURERS are recovering operations this month after disruptions in the packaging supply chain during the lockdown cut production by as much as half.

Hotel restaurants to be cleared for partial dine-in operations

THE Tourism department will permit partial dine-in operations at hotel restaurants in areas under general community quarantine starting June 15.

Limited dine-in to resume under general quarantine

RESTAURANTS may soon be allowed to resume limited dine-in operations in Metro Manila and other areas under a general community quarantine.

Exporters focus on local market

PHILIPPINE exporters are pushing for local consumers and businesses to prioritize their products as they shift to the domestic market while recovering from the effects of the pandemic.

Bank requirements make financing tough for start-ups

START-UP companies have difficulties accessing financing as the intellectual property-based organizations do not meet the asset and business timeframe requirements.

New ecozones to generate P6.4B in investment

A DOZEN new economic zones approved this year are expected to attract P6.4 billion worth of investment, including seven new zones proclaimed in the last month.

ARTA extends deadline for streamlining regulations

THE Anti-Red Tape Authority (ARTA) is extending the deadline for government agencies to report on their compliance with a Palace order to streamline regulation.

PEZA hoping to find jobs for displaced OFWs

THE Philippine Economic Zone Authority (PEZA) said it hopes to provide jobs for repatriated Filipino workers at ecozones in the countryside while tapping more domestic suppliers to minimize disruptions in the supply chain for imported materials.

PHL awaiting Mexico response on preparations for FTA

THE Philippines has proposed an agenda for talks with Mexico to form a joint economic commission ahead of a possible free trade agreement (FTA), the Department of Trade and Industry (DTI) said.

‘Generic’ work guidelines seen risky for employees

EMPLOYEES’ return to work can prove risky if workplace safety guidelines drafted to protect them from the coronavirus disease 2019 (COVID-19) are not refined for specific industries, a health care professional said.

PCCI backs more liberal foreign direct investment regime to aid recovery

THE Philippine Chamber of Commerce and Industry (PCCI) said Congress needs to pass laws further opening up the economy to foreign investment by August to help the economy recover from the impact of the pandemic.