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Politics

BILL AMENDING RETAIL TRADE LAW GETS SENATE OK

The Senate approved on third and final reading a measure that aims to further relax qualifications for foreign retailers to enter the Philippines. Voting 20-0-0, the chamber passed Senate Bill No. (SBN) 1840 seeking to amend Republic Act (RA) No. 8762, otherwise known as the Retail Trade Liberalization Act (RTLA) of 2000. “The proposed measure […]

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Government

PH, INDIA TAP NEW TRADE, INVESTMENT DEALS – LOPEZ

Department of Trade and Industry (DTI) Secretary Ramon Lopez pushed for further strengthening of the Philippines and India’s trade and investment relationship during the virtual courtesy call of India Ambassador to the Philippines Shambhu Kumaran recently. Both countries discussed the necessary steps to create more market opportunities and improve their bilateral trade relations. Lopez discussed […]

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Politics

S. COTABATO EYES ‘SISTERHOOD’ WITH N. KALIMANTAN

The provincial government of South Cotabato is pushing for the forging of a sisterhood agreement with North Kalimantan province in Indonesia as it moves to open up exchanges between the two areas. South Cotabato Governor Reynaldo Tamayo Jr. said they are set to embark on exploratory discussions with their counterparts in North Kalimantan for the […]

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Government

PH APPLIES NEW TRADE SCHEME WITHIN ASEAN – LOPEZ

The Philippines, together with the other nine ASEAN (Association of South East Asian Nations) member states has begun to implement the ASEAN-Wide Self-Certification Scheme (AWSC) starting 20 September 2020.   The AWSC simplifies and streamlines origin certification procedure to claim and be granted lower duties or, in most cases, duty-free treatment when using the ASEAN […]

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Government

PH AGRI-FISHERY EXPORTS UP BY 12% IN Q1 – DAR

Exports of agriculture and fishery products have provided the bright spot to the otherwise bleak picture of the country’s trade numbers. The Department of Agriculture said export shipments of agri-fishery products from January to March 2020 grew by 12 percent to $1.31 billion, from $1.17B recorded for the same period in 2019, citing data from […]

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Government

DTI EYES MEASURES TO HELP SUPPORT LOCAL VEHICLE MANUFACTURERS – LOPEZ

Introducing other measures to support local vehicle manufacturers is being eyed after Honda Cars Philippines, Inc. (HCPI) announced the closure of its car manufacturing operation in the country next month. “We really have to study the need to impose safeguard duty and other measures to provide at least a level of support to the local […]

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Government

PAY HIKE TO ADDRESS LABOR SHORTAGE IN CONSTRUCTION SECTOR – LOPEZ

Offering higher wages in the construction industry will address the shortage of skilled labor in the sector, Trade Secretary Ramon Lopez said. Lopez told reporters that construction companies are now hiking wages to ensure that there will be no delays in their projects due to manpower shortage. “We see it happening.” “We see it happening, because […]

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Government

DUTERTE APPROVES DTI’S PROPOSED ‘DOING BUSINESS’ REFORMS – PANELO

President Rodrigo Duterte has approved the Department of Trade and Industry’s (DTI) proposed regulatory reforms to further improve the country’s business climate, Malacañang said. Duterte gave his nod during the 44th meeting with his Cabinet at Malacañan Palace, Presidential Spokesperson Salvador Panelo said. Panelo said the President approved the suggestions raised by Trade Secretary Ramon […]

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Government

PH-INDIA RELATIONS TO OPEN MORE MARKET ACCESS TO PRODUCTS – LOPEZ

Department of Trade and Industry (DTI) Secretary Ramon Lopez underscored the deepening trade and investment relations between the Philippines and India after Indian President Ram Nath Kovind conveyed his country’s interest to participate in the Philippine growth story. During the recent ASEAN-India Business Summit Gala, Kovind and Lopez expressed optimism on the growth of economic […]

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Politics

RUSSIA FULLY SUPPORTS THE PHILIPPINES – GO

Senator Bong Go said President Rodrigo Duterte’s official visit to Russia has been fruitful so far, with his campaign against terrorism earning praises from Russian President Vladimir Putin who according to the senator, is also willing to give his support. “Naging maayos naman ang pagbisita ng Pangulo. First day sa pagbisita sa Russia, nagpasalamat ang […]