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Sectors bare expectations for administration’s 2nd half

PRESIDENT Rodrigo R. Duterte had done relatively well in the first half of his term in pushing fiscal and other economic reforms as well as in stepping up infrastructure spending, but much still needs to be done in liberalizing the economy and overhauling an outdated tax structure, industry groups said in separate interviews last week.

MSMEs sign up for resiliency plan

MICRO, small and medium enterprises (MSMEs) have signed on to a government plan that promotes the sector’s resiliency in the face of calamities.

Anti-red tape agency to take complaints by text, social media

THE Implementing Rules and Regulations (IRR) of Republic Act 11032, or the Ease of Doing Business and Efficient Government Service Delivery Act of 2018, were signed in Pasay City yesterday, defining the role of a key ant-red tape body that was only recently staffed and authorizing it to take complaints by text and social media.

DTI to file bill funding MSME lending at P4 billion a...

THE TRADE DEPARTMENT said it hopes to make a lending scheme known as Pondo sa Pagbabago at Pag-asenso (P3) more permanent via legislation, Trade Secretary Ramon M. Lopez said during the 2019 National MSME Summit on Tuesday.

Gov’t drafting executive order to address high shipping costs

THE government is drafting an executive order (EO) for the Palace addressing high shipping costs, Trade Secretary Ramon M. Lopez said.

Greater use of GSP program driving exports growth to US, DTI...

PHILIPPINE exporters are learning to maximize their use of a Generalized System of Preferences (GSP) arrangement with the US, resulting in increased exports overall to that country, the Department of Trade and Industry (DTI) said.

Less than half of 131 PEZA-approved IT projects to seek palace...

LESS than half of the 131 information technology (IT) projects in Metro Manila approved by the Philippine Economic Zone Authority (PEZA) are expected to move forward with their applications for economic zone status, following the freeze on economic zone applications for locations in the capital.

MARINA expects EO to boost efforts in passing shipping-industry audit

THE Maritime Industry Authority (MARINA) said it expects an Executive Order (EO) to help prepare the industry hurdle an international compliance audit and met the standards of the United Nations’ International Maritime Organization (IMO).

Shopee focuses on growing number of transactions

ONLINE mall Shopee Philippines said its targets for the fourth quarter are to quadruple the number of transactions via its platform and to generate five times the value of the merchandise from a year earlier.

Automobile sales recover in June, first semester

CAR SALES recovered to post year-on-year increases both in June and last semester, according to data jointly released to media on Thursday by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and the Truck Manufacturers Association (TMA).

South Korea free trade talks seen completed by Sept., signing by...

NEGOTIATIONS for a Free Trade Agreement (FTA) with South Korea are expected to finish by September in time for possible signing in November, according to Trade Secretary Ramon M. Lopez.

Green buildings can be more cost-efficient — experts

DEVELOPING green buildings may be more cost-efficient in the long run, due to the cost savings from lower energy and water usage, according to experts.

PHL firms’ confidence eases, still highest

BUSINESSMEN in the Philippines have turned out to be the most bullish globally, according to a press statement released on Tuesday by P&A Grant Thornton that summarized findings of Grant Thornton’s International Business Report (IBR) for the first half, even as net optimism was down one and nine points from 2018’s first and second semesters, respectively.

Business sector pushing for earlier tax cuts

BUSINESS GROUPS questioned proposals to lower corporate income tax in phases, saying that the cuts could come sooner.

MMDA to pursue provincial bus ban along EDSA unless SC issues...

METROPOLITAN MANILA Development Authority (MMDA) General Manager Jose Arturo S. Garcia said plans for the ban on provincial bus terminals along EDSA will push through unless stopped by the Supreme Court (SC).

U-turn slots along Commonwealth Ave. to be moved

TO GIVE way to the construction of the Metro Rail Transit-7, the U-turn slot in front of CW Home Depot along Commonwealth Avenue will be closed temporarily starting midnight of July 1 this year, Metropolitan Manila Development Authority (MMDA) General Manager Jose Arturo S. Garcia announced Thursday.

Oppo to bring more high-end products to the Philippines

CHINESE mobile brand Oppo plans to bring more premium products to the Philippines on the back of the country’s strong economic growth.

Angat expected to breach all-time low by Saturday, water regulator says

WITHOUT significant rainfall flowing to its watershed, Angat Dam is expected to breach the lowest recorded level of 157.57 meters by Saturday according to the National Water Resources Board (NWRB).

September target set to wrap up South Korea free trade talks

A SEPTEMBER TARGET has been set to conclude free trade talks between the Philippines and South Korea, Trade Secretary Ramon M. Lopez said.

New Clark City golf, hotel project to undergo Swiss challenge

THE Bases Conversion and Development Authority (BCDA) said it will initiate a Swiss challenge this week for a golf and mountain resort project in New Clark City, BCDA President and CEO Vivencio B. Dizon said.

Philam Life introduces new critical illness insurance product

WHEN critical illness occurs, people can find their lives upended, and finances drained.

Globe launches first 5G service in Southeast Asia

MANILA — Globe Telecom Inc on Thursday launched Southeast Asia’s first 5G broadband service, with embattled Huawei Technologies Co Ltd. providing the equipment, a win for the Chinese firm despite cybersecurity worries from Western nations.

DAP, Microsoft sign MoU on Big Data, AI training for policy...

THE Development Academy of the Philippines (DAP) said it signed an agreement with Microsoft Philippines Thursday for a pilot program on executive training for policy makers focusing on Big Data and Artificial Intelligence (AI).

Water interruptions seen if Angat level further dips

ANGAT DAM is seen to hit the critical water level of 160 meters by this weekend, with east zone concessionaire Manila Water Company, Inc. (MWC) warning its customers of more service interruptions.

Tanduay targets 10% sales volume growth this year

TANDUAY Distillers, Inc. (TDI) is targeting to grow sales volume by 10% this year, as it plans to expand overseas distribution of its products.

Facebook’s Stories feature seen to boost growth of businesses

SOCIAL MEDIA giant Facebook urged businesses to use its Stories feature to boost their growth.

Coca-Cola targets 100% collection, recycling of packaging by 2030

IN a bid to reduce plastic waste in the country, Coca-Cola Philippines introduced a road map towards packaging sustainability, which includes building a P1-billion recycling facility in the country.

Q1 FDI pledges grow more than threefold

FOREIGN direct investment (FDI) commitments grew more than threefold last quarter, the Philippine Statistics Authority (PSA) reported on Thursday.