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Farm advocates urge against extending preferential commodities duty beyond 2023

Local producers urge TC to no longer extend MFN tariff cuts beyond 2023. MFNs are essentially pledges to extend preferential tax and duty treatment on services or goods exports of partner countries.

China wind farm equipment manufacturers look to seal $4-billion investment bid by yearend

The Board of Investments (BOI) is sanguine on the successful conclusion of negotiations with two Chinese wind farm equipment and component manufacturers who look to invest $2 billion each in their proposal to make the Philippines a manufacturing hub.

Oil prices up after mixed adjustments

The price of gasoline at the pumps sold by the various retailers goes up by P0.95 per liter beginning midnight Tuesday.

DITO raises P3.3B via shares sale; Udenna unloads 500M DITO shares

DITO CME Holdings Inc. said Monday it raised P3.3 billion from the private placement new shares with Summit Telco Holdings Corp., a Philippine-registered company wholly-owned by Singapore-headquartered Summit Telco Corp Pte Ltd, an existing shareholder of the listed telecommunications venture of Davao-based businessman Dennis Uy.ok

DA hopes to hit 20-M metric ton palay harvest this year

Even though the full impact of the El Nino weather phenomenon cannot be entirely discounted, agriculture officials remain hopeful of bountiful palay or unhusked rice harvests this year. 

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BIR sets year-end deadline for e-invoicing compliance

Businesses covered by the Bureau of Internal Revenue’s (BIR) electronic invoicing mandate have until year-end to upgrade billing and accounting systems, potentially adding to software, technology and training costs.

Philippine-EU trade deal key as GSP+ exit nears

The Philippines is pushing for a free trade agreement (FTA) with the European Union to protect preferential market access and shield exporters from higher tariffs as the country moves closer to losing eligibility for the EU’s Generalized Scheme of Preferences Plus (GSP+).

UK seeks immediate trade gains with Philippines

The United Kingdom is seeking to deepen trade and investment ties with the Philippines without waiting for Manila’s accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), signaling a parallel approach to bilateral and regional economic integration.

Taiwan firm brings robotics manufacturing to Batangas

Taiwan-based CQS Precision Die Casting Inc. is expanding into the Philippines with a new manufacturing facility in Batangas, adding robotics production to the industrial mix at LIMA Estate.

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