PH still dependent on imported vehicles

Alden M. Monzon 11/21/2024

Imported vehicles still dominate the roads in the Philippines, with a government official pointing out that seven in every 10 automotive vehicles sold in the country were manufactured overseas. In turn, the Board of Investment’s (BOI) stressed the…

Balamban solar facility among 3 new economic zones approved

Alden M. Monzon 11/19/2024

A solar facility in Balamban town, western Cebu was among the three newly approved economic zones. The Philippine Economic Zone Authority (Peza) on Monday said it had approved the registration of three new economic zones that are…

PCCI urges gov’t: Streamline trade policies

Alden M. Monzon 08/23/2024

The Philippines’ largest business group urged the government on Wednesday to streamline trade policies, especially with the trade deficit now at $4.30 billion and a renewed focus on supporting MSMEs. Philippine Chamber of Commerce and Industry (PCCI)…

Gov’t debt slightly drops to P14.93T

Alden M. Monzon 05/03/2024

The national government’s total debt dropped to P14.93 trillion as of the end of March, down 1.67 percent from the previous month’s P15.12 trillion. This was because more money was repaid for domestic government loans than was…

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…

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our newsletter!

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

This is an information message

We use cookies to enhance your experience. By continuing, you agree to our use of cookies. Learn more here.