ANNA LEAH E. GONZALES

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A proposal to extend pre-shipment inspections (PSI) to include containerized cargo has been rejected by exporters who claim that corruption and not the lack of checks is the reason for rampant smuggling. The Philippine Exporters Confederation (Philexport), in a position paper addressed to Senator Franklin Drilon, expressed apprehensions over the…

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The Philippine Competition Commission (PCC) is pushing for the introduction of mobile number portability (MNP) that will allow consumers to keep their contact numbers even if they change their telecommunications provider. The adoption of MNP would give consumers the power of choice when the service of their telecommunications provider is…

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The information technology and outsourcing sectors will continue to grow despite growing threats such as automation and artificial intelligence, an industry group said. Expansion will lead to the generation of around 100,000 jobs per year for a total of 600,000 by 2022, the Information Technology and Business Processing Association of…

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The government is looking to seal more partnerships to support is massive infrastructure push, this month scheduling a joint construction conference with Japan. The 1st Philippines-Japan Conference on Construction, to be held at the Hotel Jen in Manila on November 23, is being conducted by the Construction Industry Authority of…

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The Board of Investments has approved a Canadian-Chinese firm’s application as a new export producer of coco fiber and coco peat, the Trade department said on Tuesday. All Bright Resources International Inc.’s P 30-million project qualified under the 2017 Investment Priorities Plan (IPP) and it will be required to export…

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Philippine furniture manufacturers expect to sustain export growth of at least 10 percent as domestic demand continues to grow, the Philippine Exporters Confederation (Philexport) said. “Ten percent is very sure this year. We are just talking only of exports but the growth of the local market is much, much higher.…

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The country’s gifts, decor and houseware (GDH) industry is aiming to regain a huge share of the global market and grow revenues by 5 to 10 percent annually until 2030. Ma’i, the industry’s unified brand, was recently unveiled at the 66th Edition of Manila FAME, the country’s premier lifestyle and…

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Filipino retailers shouldn’t be overly concerned about the government’s plans to liberalize the industry given an inherent advantage, a senior SM Investments Corp. executive said. “It is okay. One [advantage] is that we know what the Filipino consumer wants. So it’s okay. If you can’t beat them, join them,” SM…

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Southeast Asian business leaders will be launching a mentorship program for entrepreneurs in the region during an upcoming summit to be hosted by the Philippines. “Mentorship is very important. The whole idea is continuing what we have been doing in the Philippines and transforming it to an ASEAN level,” said…

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The Philippines has fallen 14 notches in the latest World Bank ease of doing business rankings despite continued reforms. Released on Tuesday, the 2018 Doing Business report placed the Philippines in 113th place out of 190 economies, down from 99th last year. Measured in terms of the distance to the…