The Philippines continues to strengthen economic relations with different countries amid the coronavirus disease 2019 (Covid-19) pandemic, Department of Trade and Industry (DTI) Undersecretary Ceferino Rodolfo said on Monday.
DTI held dialogues with Indonesia and the United Kingdom early this month. It will also …
Read MoreThe House of Representatives on Monday ratified the bicameral conference committee report on the Bayanihan to Recover as One (Bayanihan 2) bill.
The chamber approved the final reconciled version of Bayanihan 2, which proposes a PHP165.5-billion fund to finance the country’s response and recovery …
Read MoreA PHP32.4-M worth of farm-to-market road (FMR) is expected to boost the economic lives of 5,573 agrarian reform beneficiaries (ARBs) as the Department of Agrarian Reform (DAR) recently turned over the completed FMR to the municipal government units of Godod in this province.
DAR …
Read MoreFood and beverage maker Nestlé Philippines strengthens its partnership with the private sector for its plastic waste collection, recycling, and recovery program to reduce plastic footprint.
In a statement, Nestlé Philippines has partnered with Plastic Credit Exchange (PCEx) to gather soft plastic waste from …
Read MoreThe Department of Agriculture- Philippine Carabao Center (DA-PCC) will formally launch its milky bun production center by September this year that could generate livelihood for farmers amid the coronavirus disease 2019 (Covid-19) pandemic.
DA-PCC Executive Director Dr. Arnel Del Barrio said on Wednesday that …
Read MoreThe Davao City Veterinarian’s Office (CVO) said it has intensified monitoring activities in all public markets here to ensure pork meat and pork processed products are free from the African swine fever (ASF).
This came after some 207 kilograms of pork meat products in …
Read MoreThe US and China have agreed to hold discussions on the progress of a phase one trade deal they reached last January, local news sources reported Thursday.
“China and the US have agreed to hold talks over phone in the coming days to evaluate …
Read MoreOnline sellers here of processed meat and other related products are now required to secure permits from the city government and other regulatory agencies.
Dr. Antonio Ephrem Marin, head of the City Veterinarian’s Office (CVO), said Thursday the move aims to regulate the selling …
Read MoreWorkers of the Department of Environment and Natural Resources-Palanan Community Environment and Natural Resources Office (DENR-CENRO) released 20 juvenile sea turtle hatchlings in the coastal village of Digumased here on Monday.
DENR-CENRO Palanan chief Federico Cauilan, Jr. said the young turtles were released two …
Read MoreThe Department of Trade and Industry (DTI) appealed to Congress to provide support for the manufacturing sector under the Bayanihan 2.
As both Senate Bill 1564 and House Bill 6953 excluded the manufacturing sector for government assistance, DTI Secretary Ramon Lopez wrote a letter …
Read MoreJapan’s economy shrank an annualized real 27.8 percent from the previous quarter in the April-June period, marking a record contraction as the global coronavirus disease 2019 (Covid-19) pandemic stifled economic activity amid restrictions under a state of emergency, the government said in a report Monday.…
Read MoreEconomists said regaining consumer confidence and for people to go back to their pre-pandemic activities will play a big role in the economic recovery more than the government’s stimulus program.
In a virtual briefing Wednesday, First Metro Investment Corporation (FMIC) chairman Francisco Sebastian said …
Read MoreAn executive of United Coconut Planters Bank (UCPB) is hopeful for the sustained rise of availments on the financial institution’s online and mobile banking platforms as people realize its advantage especially during this pandemic.
In a reply to questions from PNA, UCPB First Vice …
Read MoreThe Bureau of Permits of the city of Manila on Tuesday urged business owners to sell face shields at a reasonable price.
In a statement, Levi Facundo, director of the Bureau of Permits, warned owners of business establishments selling overpriced face shields at PHP100 …
Read MoreThe city government enforced longer curfew hours here starting Sunday as part of the continuing local response to curb the transmission of coronavirus disease 2019 (Covid-19).
The new daily curfew or non-social hours, which starts at 8 p.m. and ends at 4 a.m. the …
Read MoreAgriculture Secretary William D. Dar is banking on the momentum gained by the agriculture sector in the second quarter (Q2) of this year to buoy the Philippine economy, after plunging into a recession for the first time in three decades.
For the second quarter, …
Read MoreBusiness process outsourcing (BPO) company Alorica Inc. said it is offering jobs to repatriated overseas Filipino workers (OFWs) particularly those lost their jobs amid the coronavirus disease (Covid-19) pandemic.
In a statement, Alorica said returning OFWs can pursue agent and non-agent career paths in …
Read MoreThe Philippine Center for Postharvest Development and Mechanization (PhilMech) has so far distributed 512 pieces of farm machines in six regions that form part of the PHP2-billion worth of machines that were successfully bid out and purchased by the agency early this year.
PhilMech …
Read MoreCebu Governor Gwen Garcia announced on Thursday the provincial government is allotting PHP105 million to provide financial assistance to distressed micro, small and medium entrepreneurs (MSMEs) affected by the coronavirus disease 2019 (Covid-19) crisis.
She said a PHP15-million budget will be allocated for the …
Read MoreThe Department of Social Welfare and Development (DSWD) said Thursday it remains hopeful to reach all target beneficiaries of the Social Amelioration Program (SAP 2) by mid-August after it reported that they already completed 72.4 percent of the payouts.
In a press briefing, DSWD …
Read MoreSeveral senators said on Thursday controlling the coronavirus disease (Covid-19) pandemic is key to improving the economy, following the 16.5-percent decline in the country’s gross domestic product (GDP) in the second quarter from a year ago.
In a statement, Senate President Pro-Tempore Ralph Recto …
Read MoreSome 25 residents here have each received a business starter kit worth PHP8,000 from the Department of Trade and Industry (DTI) under the Pangkabuhayan sa Pagbangon at Ginhawa (PBG), through the Negosyo Serbisyo Barangay (NSB) program.
In an interview Tuesday, DTI-Pangasinan provincial director Natalia …
Read MoreFamily beneficiaries of the government’s Social Amelioration Program (SAP) who are living in areas that have been reverted to modified enhanced community quarantine (MECQ) will be provided with quarantine passes so they can claim their cash aid at payout centers.
Department of Social Welfare …
Read MorePresident Rodrigo R. Duterte has approved the proposed PHP4.506 trillion national budget for 2021 during a special meeting with the Development Budget Coordination Committee (DBCC) held on July 30, the Department of Budget and Management said Sunday.
Higher than this year’s budget by 9.9 …
Read MoreTrade Secretary Ramon Lopez on Saturday reiterated the mindset of the Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF) to revive the economy while fighting the coronavirus disease 2019 (Covid-19).
Amid the call of medical groups to place Metro Manila under …
Read MoreThe Department of Trade and Industry (DTI) has released a new memorandum circular (MC) listing additional health and safety protocols as gyms, fitness centers, and sports facilities have been allowed to partially reopen in areas under general community quarantine (GCQ) starting Saturday.
Under MC …
Read MoreTrade Secretary Ramon Lopez said the Small Business (SB) Corp., the financing arm of the Department of Trade and Industry (DTI), has been able to secure fresh funding for the Covid-19 Assistance to Restart Enterprises (CARES) program to assist the recovery of small-scale businesses.
…
Read MoreOwners of micro, small, and medium enterprises (MSMEs) in Antique have said any financial relief to be afforded them would be a big help when they slowly reopen amid the coronavirus disease 2019 (Covid-19) outbreak.
The entrepreneurs were reacting to President Rodrigo R. Duterte’s …
Read MoreThe trade ministers of Asia-Pacific Economic Cooperation (APEC) have reaffirmed their commitment to enabling the movement of essential goods and services, particularly amid the coronavirus disease 2019 (Covid-19) pandemic.
The reassertion of that commitment is delineated in a Declaration on Facilitating the Movement of …
Read MoreRates of the Philippines Treasury bills (T-bills) declined anew on investors’ optimism a few hours before the President’s fifth State-of-the-Nation Address (SONA) on Monday.
The average rate of the 91-day T-bill declined to 1.335 percent, the 182-day to 1.605 percent, and the 364-day to …
Read MoreAs micro, small, and medium enterprises (MSMEs) thrive to survive amid the coronavirus disease (Covid-19) pandemic, President Rodrigo Duterte has asked lessors to come up with amenable arrangements with their tenants.
In his 5th State of the Nation Address (SONA) Monday, Duterte cited the …
Read MoreAs President Rodrigo R. Duterte expressed optimism that the passage of the Salary Standardization Law (SSL) 5 would encourage “young and brilliant” Filipinos to join the government, he cited the passage of SSL 5 as among his government’s accomplishments this year.
In his fifth …
Read MoreThe Department of Trade and Industry (DTI) has conferred on Tuesday Miss Universe 2018 Catriona Gray as ambassador for One-Town-One-Product (OTOP) Philippines.
This is in line with the celebration of National MSME Week from July 20 to 24.
OTOP is a stimulus program …
Read MoreThe Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF-EID) has ordered the reclassification of several business industries in the country, Malacañang said on Friday.
The Department of Trade and Industry (DTI) was tasked to re-categorize certain industries for the resumption of …
Read MorePresident Rodrigo R. Duterte had consulted doctors and experts on the possible reopening of the Philippine economy amid the coronavirus disease 2019 (Covid-19) pandemic, Malacañang said Thursday.
Duterte made the consultation in a meeting held at Malacañan Palace on Wednesday, Presidential Spokesperson Harry Roque …
Read MoreEmployment programs for displaced Filipino workers both local and abroad will continue under the proposed Bayanihan to Recover as One Act (Bayanihan 2), a labor official said Thursday.
In a Laging Handa briefing, Department of Labor and Employment (DOLE) Assistant Secretary Dominique Tutay said …
Read MoreIn adherence to the decision of President Rodrigo Duterte placing the city under modified enhanced community quarantine (MECQ), Mayor Edgardo Labella on Thursday issued guidelines to be followed by business establishments that are allowed to open in full operational capacity.
Presidential Spokesperson Harry Roque …
Read MoreDepartment of Trade and Industry (DTI) Secretary Ramon Lopez said Thursday 25.9 percent of businesses surveyed from June 4 to 17 have closed their operations, some of them temporarily.
This is after vital parts of the country, including Metro Manila where most number of …
Read MoreThe city government here will need two more days to complete the distribution of the assistance under the Social Amelioration Program (SAP) to remaining recipients whose names are already included in the payroll account.
In his regular press conference on Monday, Iloilo City Mayor Jerry …
Read MoreSan Miguel Corporation (SMC) has opened its first local farm produce stands in two Petron stations as it prepares to open more such stores throughout Metro Manila to help provide outlets for local farmers to sell their crops during these difficult times.
The two fresh …
Read MoreOil companies announced price rollback on their products this week.
Gasoline prices will go down by as much as PHP1.20 per liter, while diesel prices will be PHP0.75 cheaper per liter.
Seaoil and Shell will cut kerosene prices by PHP1.05 per liter.
Most of the …
Read MoreThe government raised PHP14 billion from tariffs on rice imports during the first year of the implementation of the rice tariffication law (RTL).
During the RTL's anniversary celebration here, Department of Finance (DOF) Executive Assistant Renzo Enrico Blanco said the government collected PHP12.31 billion in …
Read MoreThe Department of Agriculture (DA) handed over on Thursday a total of PHP26.5 million worth of various farm machinery and equipment to eligible farmers' associations in the Caraga Region.
The distributed farm implements were part of the range of assistance mandated under Republic Act 11203 …
Read MoreThe Regional Task Force to End Local Communist Armed Conflict (RTF ELCAC) in Central Visayas will tap more funds to bankroll projects designed to address issues seen as root causes of insurgency in Negros Oriental.
Lawyer Leocadio Trovela, regional director of the Department of the …
Read MoreThe Western Mindanao Command (Westmincom) hosted on Thursday the Indonesia Malaysia Philippines Trilateral Security Conference in this southern port city.
Representatives from the General Headquarters of the Armed Forces of the Philippines (AFP), Indonesian and Malaysian counterparts, and the top officers of Westmincom discussed during …
Read MoreThe Department of Finance (DOF) on Wednesday pushed anew for the easing of bank secrecy after two suspected syndicates purportedly brought into the Philippines around USD370 million or PHP18.7 billion in foreign dirty money.
In a weekly Palace economic briefing, DOF Assistant Secretary Antonio Lambino …
Read MoreThe Department of Labor and Employment (DOLE) is preparing to reposition some of its financial programs to sectors that might be affected by the coronavirus disease 2019 (Covid 19) scare.
Labor Secretary Silvestre Bello III said he will ask the Office of the President to …
Read MoreThe Department of Tourism (DOT) is allocating approximately PHP6 billion to spur Philippine tourism amid the coronavirus disease 2019 (Covid 19) outbreak, Secretary Bernadette Romulo Puyat said on Wednesday.
She said the amount will cover international and domestic promotions, infrastructure as well as regional tourism …
Read MoreAs the African swine fever (ASF) affected areas in this province had ballooned from nine to 11 towns, provincial veterinary officials banned the illegal practice of slaughtering pigs called "uraga", an Ilocano word for loaning meat to townmates in exchange for bags of rice or …
Read MoreGilas Pilipinas 3x3 will still push through with its daily practices for the inaugural FIBA 3x3 Olympic Qualifying Tournament (OQT) despite the world body's decision to postpone it.
The FIBA announced on Wednesday its decision to call off the qualifying tournament for the 2020 Tokyo …
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