Economy

The Philippine Competition Commission (PCC) has dramatically increased penalties for anti-competitive practices and non-compliance under its newly issued Memorandum Circular No. 26-002, signaling a more aggressive approach to market discipline.

The Philippines is aiming to advance discussions on a potential review of its trade agreement with Japan while seeking Tokyo’s backing for Manila’s bid to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Trade Secretary Cristina Roque said.

A new large-scale coconut processing facility by Thailand-based Thai World Group is set to bolster the Philippines’ role as a major global supplier of value-added coconut products, while generating employment and investment in Northern Mindanao.

Paraguay is seeking closer economic ties with the Philippines, including a potential free trade agreement (FTA), as the South American nation positions itself as a gateway to a regional market of roughly 300 million people, Trade Secretary Cristina Roque said.

The Department of Trade and Industry (DTI) is currently reviewing petitions for modest price increases on canned sardines as manufacturers face rising fuel and logistics costs, Trade Secretary Cristina Roque said Monday.