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)…

Marcos: PH, South Korea to sign free trade pact this year

Julie Aurelio 05/04/2024

President Marcos believes that the Philippines and South Korea will approve their free trade agreement (FTA) this year. He also aims for a separate deal to grant duty-free access for certain Philippine products to the South Korean…

DFA welcomes resumption of PH-EU free trade agreement talks

03/21/2024

MANILA, Philippines — The Department of Foreign Affairs (DFA) on Thursday expressed its anticipation for continued coordination and dialogue towards a “comprehensive, balanced, and modern” Philippines-European Union Free Trade Agreement (PH-EU FTA). The agency welcomed the restart of…

PH secures $4.2B investment deals with Germany

Julie Aurelio 03/13/2024

Berlin – President Ferdinand Marcos Jr. has successfully obtained over $4 billion in foreign investments from German companies to enhance collaboration in healthcare, information technology, agriculture, and manufacturing sectors in the Philippines during his recent visit to…

KKR to invest $400 million in Philippine telecoms tower business

03/13/2024

MANILA (Reuters) – Private equity firm KKR & Co will invest $400 million in telecoms tower operations and expansion in the Philippines, the U.S. Department of Commerce said on Wednesday, among a slew of deals in a…

US presidential investment mission arrives in PH for the first time

03/11/2024

President Ferdinand Marcos Jr.’s visit to Washington last year has resulted in the US government organizing its first Presidential Trade and Investment Mission to the Philippines. Led by US Secretary of Commerce Gina Raimondo, the mission includes…

‘High-level’ US trade mission to arrive in PH next week

Adrian Parungao 03/10/2024

MANILA, Philippines — The Department of Trade and Industry announced that a “high-level” US trade delegation is arriving next week to enhance “commercially meaningful partnerships.” According to DTI Foreign Trade Service Officer  Jollan Llaneza, the delegation, led…

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 records four-month low trade deficit in Dec 2023

Ian Nicolas P. Cigaral 01/27/2024

MANILA —The Philippines experienced its smallest trade deficit in December 2023 in four months, as exports saw a slight decrease and imports turned negative. The country’s trade balance shifted to a $4.01 billion deficit, marking an 11…

U.S. to send trade mission to PH in March 

Jeanatte Andrade 01/15/2024

The White House announced that a trade and investment mission led by US Commerce Secretary Gina Raimondo will visit the Philippines in March. The mission’s delegation, according to White House National Security Council spokesperson Adrienne Watson statement…

Indonesia police halt truck with over 200 dogs bound for slaughter

Agence France Presse 01/07/2024

SEMARANG — Indonesian police have intercepted a truck carrying more than 200 dogs shackled and bound for the slaughterhouse, authorities said, in the latest victory for activists who oppose eating dog meat. The vehicle was detained late…

James Harden traded to LA Clippers-report

10/31/2023

Reports say that James Harden was traded to the Los Angeles Clippers in a blockbuster trade with the Philadelphia 76ers on Monday night, October 30, 2023. A report from ESPN said that the 10-time All-Star guard sent Harden, P.J. Tucker and Filip…

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