Economy
UK trade tweak lifts Philippine exports, CPTPP bid
The United Kingdom’s move to ease trade rules under its Developing Countries Trading Scheme (DCTS) is set to boost Philippine export competitiveness while strengthening the country’s push to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, according to British Ambassador Sarah Hulton.
UK sees strong Philippine trade investment momentum growth
The British envoy to the Philippines reaffirmed the United Kingdom’s commitment to deepening economic ties, highlighting strong fundamentals and reform momentum driving growing confidence among UK investors.
BOC extends importer accreditation, cuts fees to boost trade
The Bureau of Customs (BOC) has extended importer accreditation validity from one year to three years while reducing associated fees, a move designed to streamline procedures, cut red tape, and sustain the steady flow of goods into the country.
Dream Precision registers PEZA project for Batangas exports
Dream Precision Tech Corporation has registered as an ecozone export enterprise with the Philippine Economic Zone Authority (PEZA), with operations to be located at the Lima Technology Center – Special Economic Zone.
Targeted fuel relief prioritized as tax pause yields
The Development Budget Coordination Committee (DBCC) said suspending excise taxes on diesel and gasoline would likely deliver only modest and short-lived relief at the pump, as global oil prices remain driven by external forces, including ongoing tensions in the Middle East.
