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.
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.
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
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.
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.
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+).
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-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.