ANNA LEAH E. GONZALES

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Philippine exports to the European Union could top $10 billion with companies continuing to benefit from the Generalized System of Preferences Plus (GSP+) scheme. With first half shipments already above $4.6 billion, “we now expect that exports from Philippines to the EU will exceed $10 billion this year,” EU Ambassador…

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Domestic public utility vehicle (PUV) manufacturers will be given “more favorable incentives” to make them more competitive amid government plans to modernize the transportation sector, a Cabinet official said. “We are promoting the local manufacturing of PUVs. They (PUV operators) should buy the locally manufactured vehicles to support the local…

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THE Philippine Economic Zone Authority (PEZA) is planning to turn about 8,000 hectares of land owned by the Philippine Mining and Development Corporation (PDMC) into mineral processing industry zones. PEZA Director General Charito Plaza said last week that PMDC has more than 8,000 hectares of mining areas, including Mt. Diwalwal…

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Micro, small and medium enterprises in Zamboanga have been urged to maximize the use of government programs designed to support entrepreneurs. Speaking at the launch of the “Trabaho, Negosyo, Kabuhayan” (TNK) program in the region, Trade Secretary Ramon Lopez said the government wanted to help create robust industries and boost…

PUV MODERNIZATION

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THE Department of Trade and Industry gave assurances that the government is looking at schemes to make the Public Utility Vehicle modernization program “lighter” for jeepney operators. Secretary Ramon Lopez said the government is studying how to lessen the program’s impact on affected operators. The government’s PUV modernization program aims…

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Further liberalization of retail trade will benefit the country, a Cabinet official said in brushing aside concerns raised by local businessmen. “I am okay with the liberalization of the retail [sector] to the point that there will still be a floor,” Trade Secretary Ramon Lopez said, referring to a proposal…

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ONE of the fastest growing supermarket chains in the Middle East is planning to invest in the Philippines and is looking to put up a supermarket and warehouses here, a top Philippine Economic Zone Authority (PEZA) official said. “One big supermarket in the Middle East, the LuLu, will be building…

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Investment pledges approved by the Philippine Economic Zone Authority (PEZA) nearly doubled in the first nine months of the year, officials said on Monday. PEZA Director General Charito Plaza said in a press conference that approvals totaled P196.457 billion, 94.12 percent higher than the P101.202 billion recorded the same period…

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Business tycoon Washington SyCip passed away Saturday night during a flight to New York City, accounting firm SGV & Co. said. “With deep sadness, the partners, principals and staff of SGV & Co. announce the passing of SGV Founder Washingyon SyCip on the 7th of October 2017,” SGV said in…

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Government plans to lower the paid-up capital requirement for foreign retailers — to $200,000 from $2.5 million — have been criticized by the Philippine Chamber of Commerce and Industry (PCCI). “The best is we stick to that [$ 2.5 million]. We need a baseline. The baseline is in both Europe…

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