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Over a year after the guns fell silent in Marawi City, the Department of Trade and Industry (DTI) has continued to provide livelihood assistance for families and individuals whose lives were turned upside down by the months-long fighting. The Small Business (SB) Corp. said disbursement of the P100 million budget for livelihood assistance to internally […]
There is no movement in the prices of Pinoy Tasty and Pinoy Pandesal until December this year, Department of Trade and Industry (DTI) Secretary Ramon Lopez said. Lopez said the price of Pinoy Tasty remains at PHP35 per loaf, while Pinoy Pandesal at PHP21.50 per 10-piece pack. The prices of these bread products manufactured by […]
Special Assistant to the President Bong Go highlighted the important role of micro, small and medium enterprises (MSMEs) as key drivers of inclusive economic growth in the country during the Davao leg of Go Negosyo’s Mentor Me on Wheels (MMOW). The presidential assistant joined Go Negosyo Founder and Presidential Adviser on Entrepreneurship Joey Concepcion at […]
The Philippine Board of Investments (BOI), the country’s lead investments promotion agency, recorded a PhP 195.7 billion worth of investment approvals for the January to April 2018 period, an increase of 28 percent compared to the same period last year where it posted PhP 153.1 billion. “The strong macroeconomic fundamentals and the continuous policy reforms […]
Twenty one outstanding cooperatives nationwide were recognized by the Villar Social Institute for Poverty Alleviation and Governance (SIPAG) of Senator Cynthia Villar, former Senate President Manny Villar and DPWH Secretary Mark Villar, for their exemplary poverty reduction strategies. Each of the cooperatives recieved P250,000 as seed money to start a new business or expand their […]
Senator Dick Gordon expressed his gratitude to the pioneer investors who answered his call and set up shop when the Subic Bay Freeport and Special Economic Zone was created. During the commemoration of the Freeport’s 25th founding anniversary, Gordon noted that, aside from the volunteers who sacrificed a lot to ensure the realization of […]
Micro enterprises earning less than P250,000 annually will no longer be required to pay percentage taxes thanks to the amendment pushed by Senator Bam Aquino on the proposed tax reform program. During the period of amendments on the Tax Reform Acceleration and Inclusion Act (TRAIN), Aquino pushed for an amendment that exempts micro enterprises […]
Senate President Koko Pimentel III welcomed the announcement of Bangko Sentral ng Pilipinas (BSP) Governor Nestor Espenilla, Jr., who on October 27 said that the BSP’s PHILPASS and cash servicing units would remain open during the ASEAN holidays from November 13 to 15. “The BSP is doing the banking sector, the business sector, and […]
Senator Sonny Angara has urged anew the Bureau of Customs (BOC) to fast-track the issuance of proper guidelines for the implementation of tax-free balikbayan boxes that would truly benefit overseas Filipino workers (OFWs). “Magpa-Pasko na naman pero wala pa ring kasiguraduhan kung mapapakinabangan na ng ating mga kababayang abroad ang pribilehiyong ito. Noong nakaraang […]
Securing a business permit or license will soon be just a piece of cake for investors and businessmen planning to put up businesses in the country. The House of Representatives has approved on second reading a bill which seeks, among others, to simplify permit and licensing system procedures and streamline the requirements at the […]