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The Philippines will once again join the China International Fair for Investment and Trade (CIFIT) 2021 as Guest Country of Honor from September 8-11, 2021 in Xiamen, China. “For the second year in a row, the Philippines is once again given the distinct recognition as CIFIT’s Guest Country of Honor in 2021 to showcase the […]
Following a US-based report on human waste and sewage being dumped by hundreds of Chinese ships into the West Philippine Sea, Senator Kiko Pangilinan urges the government assert the country’s rights and order the ships to leave. “Hindi na nga sa inyo, sisirain niyo pa. Umalis kayo riyan,” Pangilinan said in reaction to the report […]
Senator Dick Gordon commended Foreign Affairs Secretary Teodoro Locsin Jr. for filing diplomatic complaints against China’s aggression at the disputed West Philippine Sea. “I commend Secretary Locsin for taking a very important and valiant action by standing up for our rights. He did right by our country, and we support him wholeheartedly,” Gordon said. “He did right […]
Senator Pangilinan urged Malacañang to order the creation of a task force to be headed by the Department of Justice to look into the presence and activities of Chinese nationals in the country. Pangilinan made the pitch as he raised alarm on the possibility of the foreign nationals’ “soft invasion” in the Philippines with the […]
With the end of the coronavirus disease (COVID-19) pandemic expected to further stimulate the mad rush to grab investments going out of China, Senator Dick Gordon stressed the need to expedite the construction of the international airport proposed to be located in Bulacan to make the country more attractive to investors. Gordon made the statement […]
Deputy Speaker Lray Villafuerte is calling on the Department of Trade and Industry (DTI) and the Board of Investments (BOI) to work double-time in conducting roadshows abroad to attract foreign investors set on leaving China to relocate to the Philippines. Villafuerte at the same time called on the Senate to approve the state economic team’s modified version of the […]
The Philippine government is still hoping for record-high cash remittances from overseas Filipino workers (OFWs) despite the coronavirus disease (COVID-19) outbreak as it remains uncertain when the outbreak can be contained. Cabinet Secretary Karlo Nograles said OFWs are still expected to remit a record-high $34.2 billion (P1.74 trillion) to the country this year. In 2019, […]
Car assemblers in the country may look into sourcing parts from local suppliers as productivity in manufacturing powerhouse China has slowed down due to the COVID-19 virus outbreak, Department of Trade and Industry (DTI) Secretary Ramon Lopez said. Lopez said the COVID-19 outbreak can affect the supply chain of the local automotive industry. “Just like […]
The Philippines expressed hope that China will be able to recover from the outbreak of the coronavirus disease (COVID-19). “We obviously recognize China as one of the leading trade partners of the Philippines. And we hope that China will be able to get back to its usual business, even given the challenges that your country […]
Trade Secretary Ramon Lopez said the impact of the 2019 novel coronavirus acute respiratory disease (2019-nCoV ARD) in the country’s trade and economic performance is very minimal. Lopez said the country’s overall trade with the province of Hubei province  — which is ground zero of the 2019-nCoV threat — is only 0.9 percent of the total […]