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THE CONSTRUCTION industry spends as much as 35% of its costs to pay corrupt officials, higher than its profit, according to a think tank.
A SHAREHOLDER of Maynilad Water Services, Inc. was at a loss as to what prompted President Rodrigo R. Duterte to resume his attacks on Metro Manila’s water concessionaires, after the company last year expressed its willingness to discuss new contract terms with the government.
Duty Free Philippines Corp. (DFPC) doubled its sales growth in 2019 after a spike in tourist arrivals attributed to the Southeast Asian games and the rehabilitation of Boracay Island.
LUXURY medical wellness resort The Farm at San Benito is constructing residential and retirement facilities on its 48-hectare property over the next three years.
THE Philippine Chamber of Agriculture and Food, Inc. (PCAFI) is urging the trade department to assist farmers in developing business plans to make them more attractive loan clients for banks.
TRADE Secretary Ramon M. Lopez said the sugar regulator needs to allow the food industry that sells to domestic markets to import sugar if local sugar prices cannot match import prices for the sweetener.
THE Philippine Competition Commission (PCC) wants Congress to empower it to conduct dawn raids without a court order, as it bolsters its probe of dishonest or fraudulent rivalry in trade and commerce, according to the agency’s year-end report.
THE Intellectual Property Office of the Philippines (IPOPHL) said it signed a memorandum of cooperation (MoC) with the Lao People’s Democratic Republic’s Department of Intellectual Property (DIP) to mutually promote and improve intellectual property systems.
DUBAI — Philippine participation in international trade fairs is usually the work of small businesses, touting banana chips and coconut oil for possible export. But participation in the world’s fair — a six-month international exhibition to showcase “the achievements of nations” — means a different kind of export: creativity.
THE National Economic Development Authority (NEDA) released on Monday the Implementing Rules and Regulations (IRR) of the National Transport Policy.
THE Center for International Trade Expositions and Missions (CITEM) set a $336 million target for export orders across its events for 2020.
THE Department of Trade and Industry (DTI) will no longer apply safeguard measures on ceramic floor and wall tile imports, Trade Secretary Ramon M. Lopez told reporters last Friday.
THE DEPARTMENT of Trade and Industry (DTI) has assisted over 110,000 micro-entrepreneurs after releasing P5.1 billion worth of loans through its Pondo sa Pagbabago at Pag-asenso (P3) program.
THE Department of Trade and Industry (DTI) said it will study the expansion of exports to Africa, particularly Kenya and Egypt, which it views as having the potential to consume substantial quantities of Philippine goods.
ONLY A SMALL SHARE of Philippine small businesses are connected to the global supply chain, with 1.3% of 530 surveyed companies directly exporting in 2016, the Philippine Institute for Development Studies (PIDS) said.
SERVICE SECTOR jobs increased by more than four million between 2012 and 2018, led by professional scientific and administrative support workers, the Philippine Institute for Development Studies (PIDS) said.
THE GOVERNMENT has moved to simplify procedures for Philippine exporters to the European Union (EU), as the Bureau of Customs (BoC) released guidelines for self-certification of origin in order to avail of lower tariffs under the EU’s Generalized System of Preferences (GSP).
THE Department of Trade and Industry (DTI) is producing livelihood kits to jump-start entrepreneurship in the poorest and most calamity-affected parts of the country, Trade Secretary Ramon M. Lopez told reporters Friday.
THE water companies supplying Metro Manila will need to firm up their concession contract extensions before they are eligible for investment incentives, Trade Secretary and Board of Investments chairman Ramon M. Lopez said.
THE Sugar Regulatory Administration (SRA) said it is taking applications to fill the US export quota of 142,160 metric tons in raw value or 136,201 metric tons in commercial weight for 2019-2020.
GLOBAL Ferronickel Holdings, Inc. (GFNI) said it acquired a 40% stake in Seasia Nectar Port Services, Inc. (SNPSI) in order to improve the miner’s port access, particularly for its new steel plant.
THE Tariff Commission has recommended against imposing safeguard measures on ceramic floor and wall tile imports after the conclusion of its investigation.
GLOBAL software advocacy organization The Software Alliance (styled “BSA”) said it has reached an “encouraging response” at the halfway mark of its software legalization campaign among Philippine companies.
THE Anti-Red Tape Authority (ARTA) said it is hoping for a climb of nearly 50 places for the Philippines in the 2021 World Bank Ease of Doing Business report, to a rank of 47th.
THE INITIAL PHASE of the US-China trade deal will be positive for Philippine exports and capital markets, economists said.
THE Philippine Economic Zone Authority (PEZA) said it will help develop agro-industrial and marine products-based economic zones through a partnership with the Department of...
AN app-based storage service is looking to address the growing lack of storage space due to increased vertical living and shrinking offices.
THE Tourism Infrastructure and Enterprise Zone Authority (TIEZA) approved almost P4 billion in tourism infrastructure projects in November, bringing its 2019 total to P5 billion.
THE government said it is exploring the possibility of a Free Trade Agreement (FTA) with the United Arab Emirates (UAE).
AUTOMOBILE SALES notched another record high in November, the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck Manufacturers Association (TMA) reported on Wednesday, adding that the latest tally brought the entire industry closer to a 410,000-unit sales projection for the entire year.