Economy
Retailers brace for fresh price hikes as costs climb
Retailers are warning of another wave of price increases as surging fuel prices, higher electricity rates and a new minimum wage squeeze businesses already operating on thin margins.
FPI backs Customs reforms, seeks stronger industry partnership
The Federation of Philippine Industries (FPI) said reforms at the Bureau of Customs (BOC) are giving manufacturers a lift, citing tougher anti-smuggling enforcement, faster trade processing and stronger revenue collection as key drivers of a more competitive business environment.
DTI touts P12.9B MSME loan fund, export push
The Department of Trade and Industry (DTI) is sweetening the deal for micro, small and medium enterprises (MSMEs), pairing a P12.9B loan fund with stronger export support as it pushes more Filipino businesses to scale up and compete globally.
BIR, Customs unite to cut exporters’ compliance costs
The country's two biggest revenue agencies are stepping up efforts to make exporting faster and less costly, with the Bureau of Customs (BOC) and the Bureau of Internal Revenue (BIR) rolling out reforms aimed at cutting red tape, expanding digital services and improving the ease of doing business.
Rubio heads to Manila for crucial ASEAN diplomacy
US Secretary of State Marco Rubio will travel to Manila from July 19 to 23 for a series of high-level ASEAN meetings, placing the Philippines at the center of regional diplomacy as Washington seeks to reinforce its economic and security engagement in the Indo-Pacific.
