Agriculture-based businesses topped other enterprises seen to have continuously led micro, small and medium (SMEs) ventures toward success in the new normal, Cebu trade leaders said on Thursday.
The Bureau of Customs (BOC) has reported a spike in pork imports to 76 million kilograms (kg) from April to early June, following the issuance by President Rodrigo Duterte of a series of executive orders (EOs) cutting tariffs on incoming swine meat shipments and increasing the allowable import volumes for a temporary period to help stabilize the domestic supply and prices of pork for the benefit of Filipino consumers.
Department of Trade and Industry (DTI) Secretary Ramon Lopez has welcomed the robust exports performance for May 2021, saying the country’s outbound trade will continue its upward trend.
An economist has attributed the rise of foreign direct investments (FDIs) in the country in April 2021 to the implementation of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) law and the opening of the economy
Japanese companies remain interested in investing in the Philippines as they expect express lanes in the country to facilitate their investments
High-level Philippine officials have vowed to support the World Trade Organization (WTO) to conclude negotiations on fisheries subsidies agreement prior to the 12th WTO Ministerial Conference (MC12) in December this year.
The Philippines and Brunei Darussalam have signed an agreement aimed at eliminating double taxation and preventing fiscal evasion on taxes on income arising from cross-border transactions between these two Southeast Asian countries.
Trade Undersecretary Ceferino Rodolfo said a company from Wuhan, China is coming to the country to set up its facility here.
The Department of Finance (DOF) and Bureau of Internal Revenue (BIR) have agreed to suspend the implementation of Revenue Regulation (RR) 9-2021, which imposed 12-percent value-added tax (VAT) on certain exporter transactions that were previously taxed at 0 percent, a House leader announced.
Trade Secretary Ramon Lopez said the country can be the next technological leader in Southeast Asia as Filipinos adapt to digital technology amid the pandemic.
After approving investment projects worth PHP5.2 trillion from 2016 to June 2021, the Department of Trade and Industry (DTI) is committed to support policies and push for programs that will attract more investments to the country.
The Board of Investments (BOI), the Philippines’ lead industry promotion agency, recently (06 July 2021) conducted an online information session on the upcoming Big Idea Food Competition (BIFC) 2022 Asia Edition to raise awareness on the potentials of plant-based foods.
The Philippines expressed confidence that bilateral relations with the United States will go further as the world is beginning to recover from the COVID-19 pandemic, Trade Secretary Ramon M. Lopez said during the virtual Philippines-United States Business Dialogue.
Looking forward to the ratification of the Regional Comprehensive Economic Partnership (RCEP) Agreement and its eventual implementation, Department of Trade and Industry (DTI) Secretary Ramon M. Lopez expressed optimism that the trade agreement will not only facilitate the recovery efforts of the country but will also pave the way for the internationalization and deeper participation of micro, small, and medium enterprises (MSMEs) into Global Value Chains (GVCs).
A French company pledged ₱1.5 Billion in investments for a shipyard project in the Philippines that may potentially create 500-600 direct and indirect jobs.