Economy
WaHiki, 2 other NZ firms eye Philippines expansion, partnerships
WaHiki, a New Zealand producer of dairy-free, gluten-free, and vegan coconut-based ice cream and yoghurt products, is exploring potential collaborations with Philippine firms, according to the Philippine Economic Zone Authority (PEZA).
Slower public sector spending drags cement industry outlook
The Philippine cement industry is expected to post flat to slightly lower growth this year as slower government infrastructure spending continues to weigh on demand, according to the Cement Manufacturers Association of the Philippines (CeMAP).
JPEPA at 20 spurs Philippines-Japan trade push
The Philippines’ envoy to Japan expressed hope that President Ferdinand Marcos Jr.’s visit to Tokyo will further strengthen bilateral ties, emphasizing decades of close cooperation between the two nations.
BIR unveils portal to simplify corporate taxes
The government is stepping up its digital reform drive to make tax compliance faster, simpler, and less burdensome for the country’s biggest taxpayers, with the Department of Finance (DOF) and the Bureau of Internal Revenue (BIR) launching a centralized Taxpayer Portal for firms under the Large Taxpayers Service (LTS).
Panhua expands Philippine steel investment plan to $3.5B
The Philippines’ drive to strengthen its domestic manufacturing base gained fresh momentum after Chinese steel giant Panhua Group Co., Ltd. expanded its planned investment in the country to USD3.5 billion, signaling rising foreign investor confidence in the local industrial sector.
