RAADEE S. SAUSA, TMT

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Members of the Association of Southeast Asian Nations (Asean) want to keep tariff lines to be covered under the proposed Regional Comprehensive Economic Partnership (RCEP) to 90-92 percent, Trade Secretary Ramon Lopez said on Monday. “The only acceptable re-calibration is a number that is closer to the 90 percent to…

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Economic ministers of the Association of Southeast Asian Nations (Asean) have endorsed the terms of reference for a feasibility study on a free trade deal with Canada, Trade Undersecretary Ceferino Rodolfo said on Friday. “The instruction is to complete the feasibility to make it more in-depth,” Rodolfo told reporters. “[The]…

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THE Association of Southeast Asian Nations (Asean) and its trading partners should exert all efforts to move Regional Comprehensive Economic Partnership (RCEP) negotiations forward, Trade Secretary Ramon Lopez said on Thursday. “We need to take a collective stance and arrive at a clear consensus on the vital elements for this…

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Inclusive business (IB) can transform low-income communities into new markets and new sources of entrepreneurial talent, a trade official said on Wednesday. “By engaging low-income communities as partners, customers, suppliers or employees in value chains, IBs can transform communities into new markets and new sources of entrepreneurial talent,” Trade Secretary…

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ARTIFICIAL intelligence (AI) could wipe out thousands of jobs in the country’s fast-growing business process outsourcing (BPO) sector, but the industry can address this threat through innovation and training, Trade Secretary Ramon Lopez said on Wednesday. “One solution to this technology’s threat is to modify and remodel the existing jobs’…

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Halal exports could surge next year given the recent approval of rules governing the industry, a Trade official said on Monday. “For this year our existing halal exports may hit $800 million. But after the government adopted the implementing rules and regulations which sets the direction of the Philippine halal…

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THE Employers Confederation of the Philippines (ECOP) has expressed its opposition to House Bill (HB) 4651 or An Act Imposing Stiffer Penalties on Private Security Agencies for Non-Payment of the Prescribed Minimum Wage Rates. HB 4651, which is pending before the House Committee on Labor and Employment, seeks to amend…

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THE Board of Investments (BoI) has signed a memorandum of cooperation (MOC) for the development of a master plan and feasibility study for the Leyte Ecological Industrial Zone (LEIZ) in Tacloban City. The proposed LEIZ is included under the Copper Industry Roadmap (CIR), which aims to promote integrated development and…

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THE European Chamber of Commerce of the Philippines (ECCP) hoping that the government will remove foreign ownership and other restrictions covering the construction industry. “The Chamber is hoping that Congress and this administration is going toward removing the economic restrictions in the construction industry. We are hoping that they will…

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A consumer group wants the government to act on the proliferation of substandard imported cement being sold in the local market. The National Coalition of Filipino Consumers (NCFC) on Thursday urged the Department of Trade and Industry (DTI) to investigate, saying the substandard cement could become a more serious threat…

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