ANNA LEAH E. GONZALES

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Ayala-led Manila Water Company Inc. said yesterday it beefed up its fleet of water tankers and desludging trucks, adding a total of 58 units, in a bid to further improve services in its concession area. Manila Water said of the 58 units, 33 are desludging trucks meant to accelerate the…

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The Cagayan Economic Zone Authority (CEZA) and Sinosun Subic Bay Holdings Corp. signed an agreement on Thursday to develop the Cagayan Special Economic Zone and Free Port (CSEZFP), where a “financial technology (fintech) city” is expected to be established with the help of a Chinese company. Under the memorandum of…

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Hyundai Asia Resources Inc. (HARI), the official distributor of Hyundai vehicles in the Philippines, reported on Wednesday that auto sales grew by 12 percent from 33,695 units in 2016 to 37,678 units last year. HARI said in a statement that sales in the passenger car (PC) segment reached 25,529 units.…

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STRENGTHENING foreign linkages and participation in the global value chain (GVC) helps improve Philippine manufacturers’ processes and capacity to innovate, a new study by the Philippine Institute for Development Studies (PIDS) found. The “Impact of Foreign Linkages on Innovation Activity of Manufacturing Firms in Calabarzon” study analyzed previous literature and…

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FoodPhilippines, the country’s signature brand for food items under the Department of Trade and Industry’s Center for International Trade Exhibitions and Missions (DTI-Citem), participated in the Winter Fancy Food Show (WFFS) in San Francisco, California, from January 21 to 23. Organized by Citem in partnership with the Philippine Trade and…

DUTERTE IN INDIA

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THE Philippines obtained $1.25 billion worth of investment pledges from Indian companies, which will generate at least 10,000 jobs, a Cabinet official said yesterday. Trade Secretary Ramon Lopez said the agreements were signed at the sidelines of President Rodrigo Duterte’s participation in the Association of Southeast Nations (Asean)-India Commemorative Summit.…

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THE Department of Trade and Industry (DTI) will implement initiatives to develop the Philippines’ halal exports, a move highlighting the sector’s potential to spur trade and investments. During the World Halal Assembly Philippines 2018 late last week, Abdulgani Macatoman, Trade assistant secretary for the Trade and Investments Promotion Group, said…

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THE Board of Investments (BOI) Extension Office in Davao has approved Pistacia Mindanao Coffee Export Inc.’s (PMCEI) P1-million coffee growing project. According to BOI, the project is the first micro and small enterprise (MSE) project approved under the export activities of the 2017 Investments Priorities Plan (IPP). The project would…

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HYUNDAI Asia Resources, Inc. (HARI) is set to open a new truck and bus dealership located along the Diversion Road in Balagtas, Batangas City. HARI President and CEO Ma. Fe Perez-Agudo and Shaw Automotive Resources, Inc. (SARI) President Felix Limcaoco III, along with other top executives, recently led the groundbreaking…

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ISUZU Philippines Corporation (IPC) said on Monday that vehicle sales in 2017 rose 10 percent to 30,086 units, from 27,361 in 2016, on brisk demand driven by the country’s strong economic performance. It said the sales growth was also due to the introduction of Blue Power Technology across all models…

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