Tag: WTO

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Philippines backs balanced WTO reform push

The Philippines is pressing for a calibrated overhaul of global trade rules as the 14th WTO Ministerial Conference opened on March 26 in Yaoundé, with Manila advocating reforms that preserve the core principles of the multilateral trading system.

WTO flags digital, climate growth path

The World Trade Organization (WTO) has urged the Philippines to sharpen its focus on digitally delivered services and climate resilience as twin engines for growth, competitiveness, and job creation, as global trade dynamics continue to shift rapidly.

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Filinvest closes in-house construction unit, shifts to third-party contractors

Filinvest Development Corp. (FDC) and Filinvest Land Inc. (FLI) are shutting down their in-house construction arm as the property group shifts to third-party contractors to support its expanding real estate operations.

Globe 9-month net profit falls 7% despite record revenues 

Higher depreciation and net interest expenses, coupled with nonrecurring gains booked in the previous year, dragged down Globe Telecom’s net income by 7 percent to P16.5 billion in the first nine months of 2026 from P17.7 billion a year earlier, offsetting gains from stronger demand for mobile data, fiber broadband, and corporate connectivity.

FedEx brings online duty, tax payments to Philippine import tool

FedEx has added online duty and tax payments to its Philippine import platform, allowing customers to settle customs charges through cards, e-wallets, and bank transfers without logging in.

Megaworld earnings rise 6% as rental income grows

Stronger hotel, mall, and office leasing revenues lifted Megaworld Corp.’s net income by 6 percent to P19 billion in the first nine months of 2026, cushioning modest growth in residential sales and consolidated revenues.

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