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Tag: Jenina P. Ibañez

Founder of CDO-Foodsphere passes away

Jose “Pepe” Ong, founder and chairman of meat processing company CDO-Foodsphere Inc., passed away on Thursday morning. He was 78 years old.

Oct. automobile sales highest so far this year

MOTOR VEHICLE sales in the country continued their recovery in October as the industry recorded its “highest monthly sales” so far this year, the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and the Truck Manufacturers Association (TMA) reported on Thursday.

PHL to highlight coconut products at German fair

PHILIPPINE food manufacturers will head to Germany’s organic trade fair BioFach to promote their coconut products, the Department of Trade and Industry’s Center for International Trade Expositions and Missions (CITEM) said in a statement Thursday.

Gov’t tightens watch on imported rice

THE GOVERNMENT is matching the rising importation of rice with stricter implementation of existing rules for sanitary permits.

Francis Lim named MAP president

FRANCISCO “Francis” E. Lim, a senior partner at Angara Abello Concepcion Regala & Cruz Law Offices (ACCRALAW), has become the new president of the Management Association of the Philippines (MAP) for 2020.

PHL targets Thai auto imports

THE Philippines is considering retaliatory measures against Thailand’s automotive exports after a decade-long dispute over cigarette imports, Trade Undersecretary Ceferino S. Rodolfo said in a briefing Thursday.

Outsourcing industry tempers goals

THE INFORMATION TECHNOLOGY and Business Process Association of the Philippines (IBPAP) has cut its revenue and employment targets up to 2022 after a slowdown in recent years prompted the group to reevaluate its road map.

Isuzu seeks DTI meeting over proposed safeguard duty on automobile imports

ISUZU Philippines Corp. (IPC) is seeking to meet with the Department of Trade and Industry (DTI), which is evaluating a petition seeking the imposition of safeguard duty on imported vehicles.

PHL exhibitors sell $300M at China trade show

PHILIPPINE EXHIBITORS generated sales of about $300 million at the 2019 China International Import Exposition (CIIE), more than double the year-earlier amount, the Department of Trade and Industry (DTI) said.

DTI engages data scientists for AI industry road map

THE Department of Trade and Industry (DTI) said it is working with data scientists to draft the government’s Artificial Intelligence (AI) road map.

Economists, companies eye opportunities from RCEP

THE EMERGING 15-country Asia-Pacific mega-trade deal can be expected to boost Philippine trade and investment prospects amid global trade tensions, economists and business leaders said last week.

Workers seek safeguard duty on auto imports, citing impact on jobs

THE Philippine Metalworkers Alliance (PMA) has submitted an application to investigate possible safeguard measures on imported automobiles to the Department of Trade and Industry, the first such application from a labor group in the Philippines.

DTI to probe substandard steel after Mindanao quakes

THE Department of Trade and Industry (DTI) said it will investigate the alleged proliferation of substandard steel after legislators cited the damage to buildings caused by recent earthquakes in Mindanao.

BoI pledges more than double as of September

THE BOARD of Investments (BoI) more than doubled its approved investments to P764.7 billion in the nine months to September from a year ago, the agency said in a press release on Thursday.

Duterte orders compulsory quality checks for hollow blocks

PRESIDENT Rodrigo R. Duterte has ordered the inclusion of hollow blocks in the list of products for mandatory certification after questions about the quality of building materials emerged following recent earthquakes.

Trade department lays out plans for onset of advanced manufacturing

GOVERNMENT agencies are proposing programs to address job losses caused by the possible contraction of the manufacturing sector due to increased automation, officials said at an economic forum.

Import drop flagged, as exports post first fall in 6 months

THE COUNTRY’s trade gap shrank from a year ago in September as a bigger decline in merchandise imports tempered the impact of the first drop in six months for foreign sales of Philippine goods, according to data which the Philippine Statistics Authority (PSA) released on Wednesday.

Trade war fails to bring promise to manufacturing

DEEP in a furniture factory in Laguna, past the workers cutting and polishing desks and chairs into shape, a group of men are rolling out the last of the crates from a warehouse once filled with lumber.

S. Korean firms seen eager to invest in PHL infrastructure

SOUTH KOREAN companies are looking to invest in the “Build, Build, Build” program to help address the country’s infrastructure constraints, Seoul’s Ambassador to the Philippines Han Dong-Man said at an investment forum Wednesday.

ASEAN FDI inflows at record $155B in 2018; PHL fifth

THE Philippines was fifth among regional economies in attracting foreign direct investment (FDI) in 2018, with the region taking in a record $155 billion overall, equivalent to 11.5% of the global total, up from 9.6% in 2017.

Trade tensions, protectionism slow growth in maritime trade — UNCTAD

MARITIME trade growth has slowed due to trade tensions and protectionism, with the Philippines expected to benefit in a minor way from substitution, the United Nations Conference on Trade and Development (UNCTAD) said.

Japanese firms present PHL investment plans worth $215M

THE Department of Trade and Industry (DTI) said it heard proposals for potential investments worth $215 million from Japanese companies at the Philippine-Japan Business Investment Forum.

Piracy pulls down ABS-CBN movie revenues

ABS-CBN Corp. lost an estimated P300-400 million in potential movie revenues last year due to piracy, its data protection head told reporters after a forum on Monday.

Asean, China to dovetail plans for connectivity

LEADERS of the 10-member Association of Southeast Asian Nations (Asean) and China on Sunday vowed to dovetail development plans for regional connectivity, according to a joint statement posted on the group’s website.

Cebu joins Baguio on UNESCO’s list of world’s 246 ‘creative cities’

CEBU CITY has been counted among the 246 UNESCO Creative Cities around the world, becoming the second Philippine city after Baguio to bag the recognition.

Federal Land to develop condominium in Bay Area

FEDERAL LAND, Inc., the property arm of GT Capital Holdings, Inc., is developing a four-tower condominium in the Bay Area of Pasay City.

NCR retail price rise muted in Aug. — PSA

THE retail goods prices in the National Capital Region (NCR) rose 0.8% year-on-year in August, following a 3.1% increase a year earlier, the Philippine Statistics Authority (PSA) reported Thursday.

Gov’t eyes checks on imported plywood

THE DEPARTMENT of Trade and Industry (DTI) is studying the possibility of putting plywood back on the list of products under mandatory certification in a bid to curb importation of substandard products.

Impact of Hong Kong recession watched

ANY IMPACT on the Philippines by Hong Kong’s economic hit from five months of unrest will likely be felt on the merchandise export and remittance fronts, economists and an export leader said on Tuesday, even as they said any negative effect on the overall economy should be minimal.

DTI names six initial focus areas for upskilling

THE Department of Trade and Industry (DTI) said it has identified six priority sectors for upskilling employees in a program it is carrying out in partnership with the Singapore government.

Wanted: better focus in luring investments

INVESTMENT promotion agencies (IPA) are working on a unified country branding to promote the Philippines as an investment destination.

Watchdog gears for dawn raids in fight vs cartels

A CARTEL, by nature, is clandestine. It’s a secret agreement between companies to cut competition by fixing prices.

Alveo hopes Laguna commercial district will attract entrepreneurs, investors

ALVEO LAND, INC. is looking to attract local entrepreneurs and investors to the commercial district of its 120-hectare estate Broadfield in Biñan, Laguna.

Trade dep’t drafting e-commerce regulations for 2022 road map

THE Department of Trade and Industry (DTI) said it concluded a technical assistance agreement with the University of the Philippines (UP) Law Center, which will help put together its e-commerce industry plan.

Software industry hoping for 50% conversion rate among illegal software users

THE Business Software Alliance (BSA) said it hopes to make half of the 10,000 companies it has identified as users of illegal software convert to licensed products by 2020.

Auto part supplier raises concern over CITIRA

PROPOSED changes in the corporate tax system will make automotive parts supplier Continental Temic Electronics Philippines less competitive, according to a company official.

BPOs seeking ways to maintain NCR footprint

THE Information Technology and Business Process Association of the Philippines (IBPAP) is in talks with Metro Manila mayors to find ways to continue building outsourcing centers in the capital despite a national government suspension of economic zone approvals intended to divert the industry to the countryside.

Manila Water reports 100% adherence to schedule on day 1 of...

MANILA WATER Company, Inc. reported 100% adherence to its rotational service schedule in the eastern part of Metro Manila and Rizal on Oct. 24, the first day of the renewed supply interruptions.

SC ruling on business inspections to boost PCC

THE PHILIPPINE Competition Commission (PCC) said the recent Supreme Court (SC) ruling that authorizes commercial courts to conduct inspection orders on business premises for anti-competitive behavior will bolster its investigation tools.

4 firms eyeing Malaya plant — PSALM

FOUR companies expressed interest in participating in the auction for the 650-megawatt Malaya Thermal Power Plant (MTPP) and its underlying land in Pililia, Rizal, according to the Power Sector Asset and Liabilities Management Corporation (PSALM).

PSE index dips on earnings reports

LOCAL shares slipped on Friday, as companies started reporting their third quarter earnings results.

PHL moves up ‘Doing Business’ rank

DOING BUSINESS in the Philippines is easier now thanks to recent reforms, according to the World Bank Doing Business 2020 report.

Metro Manila cities top LGU competitiveness ranking

QUEZON CITY dominated the annual list measuring the competitiveness of local government units (LGU) in the country for the fourth time, elevating the city to the Hall of Fame of the Cities and Municipalities Competitiveness Index (CMCI) 2019 released on Thursday.

Outsourcing firms embark on upskilling

THE INFORMATION TECHNOLOGY and Business Process Management (IT-BPM) industry is set to pilot educational programs to reskill and upskill 1 million workers over five years to adapt to automation.

PCC wants Grab to ensure ‘reasonable’ fare increases

THE Philippine Competition Commission (PCC) is working with ride-hailing app Grab Philippines to ensure fare increases are reasonable, as it dominates the market after taking over Uber’s local operations last year.