PH auto sales surge nearly 20% in February

Alden M. Monzon 03/28/2024

MANILA, Philippines — Auto vehicle sales in the Philippines increased by nearly 20% in February, mainly due to higher purchases of commercial vehicles like trucks. A joint report by the Chamber of Automotive Manufacturers of the Philippines,…

Gov’t raises weekly grocery discount for seniors, PWDs to P125 

Alden M. Monzon 03/22/2024

New rules for the 5 percent discount on groceries for senior citizens and persons with disabilities (PWDs) were signed on Thursday. The weekly discount limit will increase from P65 to P125 starting next week. The Department of…

‘Sari-sari’ stores hit P8 billion in 2023 sales – report

Alden M. Monzon 02/18/2024

MANILA —Sari-sari stores in the Philippines, often called neighborhood variety stores, made over P8 billion in sales in 2023, up by more than a fifth from the previous year. A report by Packworks, an analytics startup, showed…

PH OKs revised Asean free trade pacts with ANZ, Hong Kong

Alden M. Monzon 02/16/2024

MANILA — The Philippines, a founding member of Association of Southeast Asian Nations (Asean), has agreed to amend two important free trade agreements to benefit investors, traders, and exporters. The Department of Trade and Industry (DTI) announced…

PH sees 20% surge in vehicle production in 2023

Alden M. Monzon 02/02/2024

MANILA —The Philippines increased its vehicle production last year by almost 20 percent, reaching a total of 110,350 new units. Among the Association of Southeast Asian Nations (Asean), only two countries, including the Philippines, saw a rise…

DTI allows manufacturers to downsize certain goods to offset rising costs

Alden M. Monzon, Melvin Gascon 01/18/2024

MANILA, Philippines — The Department of Trade and Industry (DTI) announced on Wednesday that manufacturers of essential goods can maintain profitability amid rising production costs by reducing product sizes or weights, instead of increasing prices. Trade Assistant…

Biz group urges lifting of rice price cap after 2 to 3 weeks

Alden M. Monzon 09/07/2023

MANILA, Philippines — The Federation of Philippine Industries (FPI) on Wednesday urged the government to limit the implementation of the price ceiling on rice to two to three weeks, warning that prolonging such a regulation could bankrupt…

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