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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 […]
Department of Health (DOH) Secretary Francisco Duque III still has the trust and confidence of President Rodrigo Duterte despite the scolding he got from senators over the apparent lack of leadership in dealing with the novel coronavirus acute respiratory disease (2019-nCoV ARD) threat in the country. Cabinet Secretary Karlo Nograles gave the assurance after opposition […]
The Department of Agriculture (DA) is well-prepared to prevent and contain the entry of the bird flu or avian influenza (AI) virus, particularly the sub-type H5N6, which has recently been reported in Xinjiang, China. Agriculture Secretary William Dar said the DA’s Bureau of Animal Industry (DA-BAI) has been conducting twice-a-year surveillance in high-risk areas and […]
Senator Win Gatchalian is calling on Filipinos to help support the country’s local tourism industry as he expects the temporary travel ban on mainland China, Hong Kong and Macau amid the novel coronavirus (2019-nCoV)threat to hurt the tourism sector. Gatchalian said avoiding trips abroad can also help contain the spread of the virus which experts […]
Concerned about national interest, Senator Dick Gordon pointed to the possibility of China tapping into the dark fiber assets owned by the National Transmission Corp. (TransCo) and managed by the National Grid Corp. of the Philippines (NGCP) to tap into conversations in the country. Gordon noted that the NGCP now appears to be run by […]
To help the government meet its goal of acquiring 9.2 million international tourist arrivals by yearend despite the novel coronavirus acute respiratory disease (2019-nCoV ARD) outbreak, a Palace official said a catch-up plan could be put in place instead of immediately readjusting its targets. Cabinet Secretary Karlo Nograles made this remark as Department of Tourism […]