The Philippine Navy (PN) and the Philippine Merchant Marine Academy (PMMA) vowed to further strengthen their partnership to train naval personnel with modern mindsets.
This came after PMMA superintendent, Commodore Joel Abutal, made a courtesy call on Navy chief, Vice Admiral Giovanni Carlo Bacordo …
Read MoreEmployees of Intercontinental Broadcasting Corporation (IBC-13) may send a letter to President Rodrigo Duterte to request an investigation into corruption allegations within their agency, Malacañang said Tuesday.
IBC-13 employees earlier claimed that the TV network was allegedly involved in corruption and mismanagement and failed …
Read MoreAn economist said the Rice Tariffication Law (RTL) has effectively boosted domestic rice supply and brought down prices but cited possible adjustments on the law to further protect local farmers.
RTL was signed into law in February 2019 and took into effect the following …
Read MoreJapan and South Korea will resume business trips between the two countries, a measure the two countries halted due to the coronavirus pandemic, according to media reports on Monday.
The date of the resumption is expected to be announced this week.
Initially, according …
Read MoreInsurance Commissioner Dennis Funa is optimistic for a recovery of the insurance industry in the next three years since the Philippine economy’s fundamentals remain strong.
“In spite of all the difficulties we have in 2020 there are reasons to be optimistic,” Funa said during …
Read MoreThe Department of Trade and Industry (DTI) has issued a memorandum circular (MC) allowing businesses listed under Categories II and III in areas under general community quarantine (GCQ) to operate at full capacity starting Saturday.
MC No. 20-52 lists business establishments and activities in …
Read MoreThe Department of Trade and Industry (DTI) opened on Thursday a Negosyo Center in Bacolor, this province to help more micro, small and medium enterprises (MSMEs) amid the coronavirus disease 2019 (Covid-19) pandemic.
DTI Regional Director Judith P. Angeles, together with Bacolor Mayor Edgar …
Read MoreA ranking official of the Philippine Chamber of Commerce and Industry (PCCI) in Region 7 has lauded the government’s tourism jumpstart program that would help to re-open the economy in the provinces amid the coronavirus disease (Covid-19) pandemic.
Edward Du, the PCCI regional director …
Read MoreThe Philippine Stock Exchange index (PSEi) ended Wednesday higher due to window dressing while the peso closed sideways against the greenback.
The main stock index rose by 0.39 percent, or 22.63 points, to 5,864.23 points.
All Shares followed with a 0.22-percent rise, or …
Read MoreThe Philippine Stock Exchange index (PSEi) closed in negative territory Tuesday, but the peso managed to end the day sideways against the US dollar despite investors’ wait-and-see stance on the US’ new fiscal stimulus, among others.
The main stock index went down …
Read MoreTo operationalize Republic Act 11032 or the Ease of Doing Business and Efficient Government Service Delivery Act of 2018, the city government here announced on Tuesday that building and occupancy permit applicants can now process their applications online.
Mayor Edgardo Labella said during a …
Read MoreForeign Affairs Secretary Teodoro Locsin Jr. on Tuesday opposed anew the sale of Philippine properties in Japan a day after President Rodrigo Duterte said proceeds from a possible sale could be used to sustain the operations of PhilHealth.
“I will never agree to the …
Read MoreThe Department of Trade and Industry (DTI) has invited Indian players in the pharmaceutical industry to tap business opportunities in the Philippines as the two countries target to strengthen cooperation.
The DTI urged them to participate in manufacturing of active pharmaceutical ingredients, …
Read MoreThe national government is reopening the economy to alleviate hunger among Filipinos affected by the coronavirus disease 2019 (Covid-19)-related lockdowns, Malacañang said Monday.
This, after a Social Weather Stations (SWS) survey, conducted from Sept. 17 to 20, showed a hunger incidence of 30.7 percent, …
Read MoreThe Department of Trade and Industry (DTI) wants to double the fund for its microfinancing program under the Small Business (SB) Corp. next year.
During the department’s budget hearing in the Senate on Monday, DTI Secretary Ramon Lopez proposed to increase the SB Corp.’s …
Read MoreThe City of Manila’s program to give each of its 150,000 senior citizens a pack of the nutritious black and red organic rice this Christmas has given Mindanao rice farmers a reason to rejoice, the Mindanao Development Authority (MinDA) said Sunday.
A month before …
Read MoreDepartment of Trade and Industry (DTI) Secretary Ramon Lopez said the country must be less reliant on imports particularly for products that are essential during the pandemic.
In his keynote speech at the Bayanihan: Rebuild Industries and Save Jobs in Laguna and Cavite on …
Read MoreThe Department of Trade and Industry (DTI) supports the Department of Science and Technology’s (DOST) push for innovation that would help entrepreneurs survive amid the global health crisis.
At DOST’s Science for the People book launch Thursday, DTI Secretary Ramon Lopez said the government …
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The fishing town of San Francisco on Camotes Island now treats waste water from its public market through a PHP10-million Korean facility to preserve the surrounding pristine beaches and preventing pollution in the area’s rich marine resources.
Mayor Alfredo Arquillano Jr. on Thursday …
Read MorePreparatory works have commenced for the development of a PHP120 million “business hub” in Malungon town, Sarangani province.
Engr. Marcus Antoño Zagales, Malungon municipal engineer, said Monday the business center will be constructed in a property situated at the town’s main commercial center in …
Read MorePresident Rodrigo Duterte has asked the leaders of both the Senate and the House of Representatives to pass additional legislation that would expedite the assistance for the business community affected by the coronavirus disease 2019 (Covid-19) pandemic, Malacañang said on Thursday.
Presidential Spokesperson Harry …
Read MoreThe Cebu provincial government on Wednesday said all mayors of Cebu’s 44 towns and the cities of Carcar, Bogo, and Talisay have joined in its stand against the unsustainable domestic transport and sale of dolomite and related minerals from the southern town of Alcoy.
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Read MoreThe global tourism sector lost about USD460 billion in the first half of 2020 due to the drop in international travel worldwide caused by the coronavirus pandemic, the UN World Tourism Organization said on Tuesday.
“The massive drop in international travel demand over the …
Read MoreA ranking Pru Life UK official forecasts about 6-8 percent expansion for the Philippine economy in 2021, a turn-around from the expected negative print this year because of the pandemic.
Charles Wong, Pru Life UK investments assistant vice president and head of equities, said …
Read MoreThe Manila Restaurant Week has formally kicked off on Tuesday at the Manila Hotel, which seeks to help businesses in the city of Manila as the country gradually reopens the economy.
Manila Mayor Francisco “Isko Moreno” Domagoso, during the launch, said this would help …
Read MoreAt least 15 home-grown entrepreneurs joined a pop-up bazaar held at the Imelda Cultural Center in Batac City from Thursday to Saturday.
Showcasing artisanal products with a touch of Abel, home-cooked meals and desserts, coffee, ceramics, and plants, among others, the emerging small and …
Read MoreThe Philippine National Police (PNP) reported that 31 more police officers contracted the coronavirus disease (Covid-19), bringing the total number of cases among its ranks to 4,868.
As of Thursday evening, the PNP Health Service said of the 31 new infections, 20 were from …
Read MoreThe Davao City Investment and Promotions Center (DCIPC) has approved investments in the property and manufacturing sectors worth more than PHP2.1 billion, its chief, April Dayap, said Tuesday.
Dayap identified the investments as the Acacia Hotel with a PHP1.8-billion capitalization, Green Solutions Agri-Business manufacturing …
Read MoreThe coronavirus diseases 2019 (Covid19) pandemic has opened a business opportunity for Antiqueños who are engaged in flower gardening.
Twinkle Serrano used to regard flower gardening as a hobby. However, she was surprised after receiving many inquiries about it when she tried to market …
Read MoreThe Department of Trade and Industry in Davao Region (DTI-11) said it has intensified its monitoring of dine-in restaurants, barbershop, salons, and other business establishments to ensure compliance with health protocols to contain the coronavirus disease (Covid-19).
In a statement Wednesday, DTI-11 reiterated that …
Read MoreA lawmaker at the House of Representatives on Wednesday stressed the need to ensure competition in the banking industry in the interest of the Filipino workers.
In filing House Bill 7619 or the proposed Bank Account Portability for Workers Act, Marikina City Rep. Stella …
Read MoreMotorists can expect lower oil prices on Tuesday morning.
Oil firms Cleanfuel, Flying V, Petro Gazz, Petron, PTT Philippines, Seaoil, and Shell will slash prices of diesel by PHP0.45 per liter, and PHP0.30 per liter on gasoline prices.
Flying V, Petron, Seaoil, and …
Read MoreThe Project Balik Buhay (PBB), a business recovery roadmap that has been implemented in Cebu, will also serve as a model for businesses in the cities of Bacolod and Iloilo, the deputy chief implementer for the Visayas said.
Melquiades Feliciano, Inter-Agency Task Force for …
Read MoreFinance Secretary Carlos Dominguez III said Wednesday that swift action to preserve the asset quality of banking institutions will ensure the continued strength of the financial sector which, in turn, will help the economy recover faster from the global health and economic crises spawned by …
Read MoreBorongan City in Eastern Samar has banned the entry of live swine and all pork products from Luzon and Mindanao as preventive measure against the African swine fever (ASF).
Mayor Jose Ivan Dayan Agda signed Executive Order No. 018-0820 on August 27 imposing the …
Read MoreThe Maritime Industry Authority (MARINA) has extended anew the Standards of Training, Certification, and Watchkeeping (STCW) certificates of Filipino seafarers as a temporary measure amid the coronavirus disease 2019 (Covid-19) pandemic.
In an advisory on Tuesday, the MARINA said all STCW certificates that are …
Read MoreA business community in this industrial city is highlighting adaptability amid the coronavirus disease 2019 (Covid-19) pandemic and its significant effect on the economy in celebrating this year’s Mandaue Business Month (MBM).
The Mandaue Chamber of Commerce and Industry (MCCI) launched the 2020 MBM …
Read MoreThe tourism industry in this fishing town on Mactan Island has reopened, joining other municipalities in Cebu that have slowly resumed tourism activities.
Mayor Maria Theresa Sitoy-Cho on Monday said Cordova has already prepared for a “better normal” setup in carrying out its tourism …
Read MoreWith more businesses expected to open, the Joint Task Force (JTF) Covid Shield on Monday assured additional law enforcers will be deployed to ensure business owners and customers are complying with health standards against the coronavirus disease 2019 (Covid-19) pandemic.
JTF Covid Shield commander, …
Read MoreAs participating countries of the Regional Comprehensive Economic Partnership (RCEP) target to conclude the trade deal this year, some countries have offered zero tariff on critical Covid-19 products, Trade Secretary Ramon Lopez said.
“For critical products for (the) pandemic, they are even made duty-free …
Read MoreThe peso recovered Friday, ending the week near its four-year high against the US dollar but the Philippine Stock Exchange index (PSEi) fell anew due to correction.
The local currency ended the week’s trade at 48.485 to the greenback, its strongest after its 48.48 …
Read MoreEconomic ministers from China and the Association of Southeast Asian Nations (Asean) members on Thursday welcomed the robust growth of their bilateral trade and investment despite the impacts of the Covid-19 pandemic.
At the 19th AEM (Asean Economic Ministers)-MOFCOM (China’s Ministry of Commerce) Consultations …
Read MoreThe municipality of Pagudpud, known for its white-sand beaches, is shifting its foresight on agriculture with the development of a 500-hectare coconut plantation in that northernmost part of the province.
Backed by the Philippine Coconut Authority (PCA), in partnership with the Small Coconut Farmers …
Read MorePalay production in Western Visayas increased by 12.15 percent in the first six months of 2020 amid the resiliency of rice farmers in the region, the Department of Agriculture (DA) in Region 6 (Western Visayas) said on Wednesday.
DA-6 Regional Director Remelyn Recoter said …
Read MoreMaxus Philippines on Tuesday launched the G50 multipurpose vehicle (MPV) in the country, signaling confidence in the local market amid the pandemic.
The eight-seater MPV is an addition to Maxus’ light commercial vehicle models available in the Philippine market.
“We are still quite …
Read MoreThe Department of Trade and Industry (DTI) Cebu provincial office has opened its 29th Negosyo Center in this city to cater to more micro, small and medium enterprises (MSMEs) amid the pandemic.
Mayor Jonas Cortes and DTI-Cebu OIC director Rose Mae Quiñanola led the …
Read MoreSan Juan city government will be distributing assorted vegetable seeds, seedlings, and other planting materials to its residents to ensure food security and supply amid the pandemic.
In a social media post, Mayor Francis Zamora said the local government is pushing urban agriculture program …
Read MoreAs part of preventive measures to curb the transmission of the coronavirus disease (Covid-19) within communities, the Pasig City government has issued an executive order imposing a market coding scheme for its villages.
The local government on Tuesday started implementing the new barangay scheduling …
Read MoreThe massive drop in revenues from tourism, which accounted for 7 percent of global trade last year, could reduce global gross domestic product (GDP) by as much as 2.8 percent in 2020, the UN secretary-general said Tuesday.
Citing the latest data from the World …
Read MoreThe Department of Trade and Industry (DTI) is open to any recommendations from the participating carmakers under the Comprehensive Automotive Resurgence Strategy (CARS) program.
DTI Undersecretary Ceferino Rodolfo told reporters the government understands the situation of the domestic automotive industry in this time of …
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