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, […]
Tag: philippines
Marcos says agri ambitions go beyond self-sufficiency
PRESIDENT Ferdinand R. Marcos, Jr. said on Thursday that his goals for agriculture go beyond achieving self-sufficiency, and extend to making the Philippines a global leader in food production. “The work to improve our agricultural sector and improve the plight of our farmers and fisherfolk has only just begun. We need to continue to open […]
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 […]
Philippines 45th most at risk in money laundering list
THE Philippines improved eight spots in an annual global index measuring an economy’s risk of money laundering and terrorist financing, and their ability to counter these. Read the full story.
PSE index surges as PHL factory activity improves
PHILIPPINE STOCKS surged on Tuesday on sustained bargain hunting and data showing manufacturing activity in the country improved last month. The benchmark Philippine Stock Exchange index (PSEi) rose by 204.57 points or 3.53% to close at 5,987.72 on Tuesday, while the broader all shares gained 96.35 points or 3.09% to end at 3,210.48. “The local […]
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 […]
PH loses to Turkmenistan in AFC Asian Cup qualifier
THE Philippines dropped its opening match in Group A of the Asian Football Confederation (AFC) Asian Cup Qualifiers last Saturday night, Oct. 1, 2022, at the Prince Mohammed Stadium in Zarqa City, Jordan.Turkmenistan beat the Philippines, 2-0, from a brace by striker Annayev Enver.Enver hit the opening goal in the 20th minute from the penalty […]
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 […]
Philippines insists on probing its own drug war
By John Victor D. Ordoñez, Reporter THE PHILIPPINES will pursue all legal remedies to block an investigation by the International Criminal Court (ICC) of the government’s deadly war on drugs, and ensure any suspects are tried by the local courts, the country’s chief lawyer said on Wednesday. Philippine Solicitor General Menardo I. Guevarra on Wednesday […]
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 […]
China means to resolve differences with PHL, says envoy
CHINA seeks to resolve differences with the Philippines over maritime claims, Chinese Ambassador to the Philippines Huang Xilian said on Monday, and maintain good overall bilateral relations. “We are neighbors that cannot be moved away and have every reason to live together peacefully,” he said during the Chinese Embassy’s celebration of its 73rd […]
ADB cites risk of capital flight in developing world after Fed hikes
CAPITAL FLIGHT is one of the risks developing Asia must confront as interest rates rise and economic outlooks turn cloudy, the President of the Asian Development Bank (ADB) said to open the bank’s 55th annual meeting on Monday. “I am afraid the risk will continue for abrupt capital outflow and/or strong currency depreciation due to the […]
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 […]
Lexus Philippines adds another hybrid variant to ES line
1 of 2 PHOTO FROM LEXUS PHILIPPINES PHOTO FROM LEXUS PHILIPPINES LEXUS PHILIPPINES is growing the number of its ES sedan offerings by one, as it introduces the hybrid electric ES 300h Luxury variant. Priced at P4.218 million, the trim takes its place in the middle of range between the ES 300h Executive (P3.838 million) […]
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 […]
Marcos does not see a future without US
By Kyle Aristophere T. Atienza, Reporter PHILIPPINE President Ferdinand R. Marcos, Jr. on Tuesday said the United States remains a key partner, adding that not having it as an ally is inconceivable. “I cannot see the Philippines in the future without having the United States as a partner,” he told New York Stock Exchange chief […]
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 […]