World Bank urges Philippines to cement place in industrial, tech and health value chains

THE PHILIPPINES must establish its niche in the global value chains for manufacturing, technology, and health and life sciences, the World Bank said. At the launch of its Global Value Chain report on Thursday, the World Bank said the Philippines has three areas it may elect to focus on: Industrials, Manufacturing, and Transport (IMT); Technology, […]

Motorcycle taxi group seeks probe of Grab’s acquisition of MOVE IT

A GROUP of motorcycle taxi drivers has asked the House of Representatives to probe Grab Philippines’ acquisition of MOVE IT, saying appropriate regulations should first be established for such deals.     “What the driver groups want is for the pilot study under the Department of Transport (DoTr) that began three years ago with the purpose of […]

PHL, UNIDO reaffirm commitment to sustainable industrial, economic development

THE PHILIPPINES and the United Nations Industrial Development Organization (UNIDO) have signed a joint declaration reaffirming their commitment to accelerating sustainable industrial and economic development, according to a statement released Monday by the Department of Foreign Affairs.   “The Philippines’ partnership with UNIDO has been transformative to the country’s development landscape and has been instrumental in […]

DMW to streamline hiring process for seafarers, OFWs

The Department of Migrant Workers (DMW) will trim the requirements for the deployment of overseas Filipino workers (OFWs) and address the shortcomings on seafarer education and training, said DMW Secretary Susan “Toots” V. Ople.   “DMW’s mission is to be OFW-centric, putting the worker in the center of the universe of all our operations, services, and […]

Philippines drops in global attractiveness index

The Philippines dropped nine places to 83rd out of 148 countries in the latest edition of Global Attractiveness Index (GAI), produced by Italy-based consulting firm, The European House – Ambrosetti. The index measures the attractiveness of countries using the five subindices: positioning(or attractiveness), dynamism, sustainability, growth expectations, and conflict exposure. With the overall score ranging […]

Business groups welcome bill easing taxpaying process but cast doubt on revenue estimate

BUSINESS GROUPS said the estimate of additional revenue to be generated via the proposed Ease of Paying Taxes (EoPT) law might have been premature, though they welcomed the measures streamlining companies’ dealings with the tax authorities. The House of Representatives on Monday passed on third and final reading the proposed EoPT law, which its backers […]

Japan reiterates commitment to stronger bilateral ties with PHL in VP’s visit

JAPAN’S leader has reiterated his country’s commitment to stronger bilateral cooperation with the Philippines during a courtesy call by Philippine Vice President Sara Z. Duterte-Carpio, who attended the state funeral of late Prime Minister Shinzo Abe on Sept. 27.   Prime Minister Fumio Kishida, during his talk with the vice president, vowed to facilitate the improvement […]

PHL pitches US investors on worker upskilling, infrastructure

THE PHILIPPINES explored possible US investment in worker training and infrastructure projects on the sidelines of the United Nations appearance of President Ferdinand R. Marcos, Jr., the Department of Trade and Industry (DTI) said. In a statement on Monday, the DTI said these were the agreed-on areas of possible collaboration with US companies when members […]

Geely PHL notches ‘Outstanding Distributor Award’

PHOTO FROM GEELY PHILIPPINES SOJITZ G AUTO Philippines Corp. (SGAP), official distributor of Geely in the Philippines, announced that it was given the Outstanding Distributor Award at the recently concluded Geely Automotive Annual International Conference. The online gathering was attended by top executives from Geely Automotive International Corp. and representatives from 35 overseas distributors. It […]

Diokno to US investors: PH is primed for a bright economic future

FINANCE Secretary and chairman of the Economic Development Cluster Benjamin Diokno showcased the Philippines’ solid macroeconomic fundamentals and “bright economic future” before American and international business communities at the Philippine Economic Briefing (PEB) in New York City, United States of America on Sept. 22, 2022.“As we pursue the economic transformation of the Philippines in the […]

UK sees tariff-free scheme as key to expanding PHL trade

THE expansion of the United Kingdom’s (UK)trade with the Philippines is expected to hinge on the greater use of the UK’s Developing Countries Trading Scheme (DCTS), a duty-free export concession, a trade official with the British Embassy in Manila said. Lindsey Gilbert-Crouch, the Manila-based country director of the Department for International Trade, said in a […]