ANNA LEAH E. GONZALES

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THE Department of Trade and Industry (DTI) expressed optimism on Monday that the European Union (EU) would retain the Philippines’ trade privileges under the EU General System of Preferences (GSP) Plus program. In a press conference, Trade Secretary Ramon Lopez said that during his most recent meeting with EU Trade…

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HYUNDAI Asia Resources Inc. (HARI), the Philippines’ official distributor of Hyundai passenger and commercial vehicles, has partnered with Hyundai Motor Company of South Korea (HMC) in launching an outreach program for out-of-school youth trained in auto repair and maintenance, at the Hyundai Logistics Center in Calamba, Laguna. HARI said the…

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Economic growth could pick up to 7.0-7.2 percent this year on the back on higher infrastructure and consumer spending as a result of a new tax reform law, a unit of Bank of the Philippine Islands (BPI) said on Friday. “We are extremely optimistic of the growth of the Philippine…

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The Philippine Competition Competition (PCC) has approved Land Bank of the Philippines’s planned takeover of Philippine Postal Savings Bank, paving the way for the creation of Overseas Filipino Bank. “In view of the recommendation from the Mergers & Acquisitions Office that, on the basis of information obtained from the parties…

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After President Rodrigo Duterte approved a free trade agreement between the Philippines and the European Free Trade Association (EFTA) last month, the Department of Trade and Industry (DTI) is hoping the Senate will affirm it without delay. In a recent roundtable discussion with reporters, Trade Undersecretary Perry Rodolfo said “[j]ust…

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People around the world will look to Asia and other “exotic regions” for new flavors and tastes this year, McCormick & Co. Inc. said. In its “Flavor Forecast 2018” report, McCormick identified several flavor trends, of which many are their cue from Asian cuisines. “This year’s Flavor Forecast highlights the…

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AT least 24 entrepreneurs in Marawi City received Pondo sa Pagbabago at Pag-asenso (P3) loans from the Small Business (SB) Corp. to help them rebuild not only their businesses, but also revive the war-scarred city’s business environment, the Department of Trade and Industry (DTI) said on Friday. The department’s microfinancing…

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Personal information controllers (PICs) in the country have until March 31, 2018 to submit their 2017Annual Security Incident Report to the National Privacy Commission (NPC), the agency said. Under Philippine data privacy laws, a PIC is a person or organization, both public and private, that controls the collection, holding, processing…

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The Investments Promotion Unit Network (Ipunet) agreed to amend a deal signed by its member-agencies in April 2007 to include provisions for greater accountability in facilitating and resolving investment-related issues. Ipunet is a group of 28 government agencies tasked to further ease doing business in the Philippines to complement investment-promotion…

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TRADE Secretary Ramon Lopez said the government would deploy teams to monitor prices of goods in supermarkets and groceries and make sure that there would be no drastic adjustments on the old stocks being sold because the new tax reform law did not cover them. “The DTI already deployed teams…

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