RAADEE S. SAUSA, TMT

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The number of visiting foreigners rose by 12.7 percent to 3.3 million in the first six months of 2017 compared to the same period last year, the Tourism department said on Friday. “For the period of January to June 2017 foreign tourist arrivals rose … to 3.3 million from three…

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FIVE British companies have expressed interest in setting up shop in the Philippines, a foreign business chamber official said. “There are five British companies still studying to set up business in the Philippines,” said Chris Nelson, chairman of British Chamber of Commerce Philippines, at the sidelines of Thursday’s Dutertenomics Forum.…

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Vehicle sales rose by 23.3 percent in July to 36,951 units from a year earlier and industry groups said they remained optimistic despite threats such as tax hikes sought by the government. The Chamber of Automotive Manufacturers of the Philippines Inc. (Campi) and the Truck Manufacturers Association (TMA) said that…

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Food manufacturers want legislators to exempt milk products from a planned sugar-sweetened beverages (SSBs) tax that is included in sweeping revenue reforms being pushed by the government. “We respectfully pray that the Senate will not include any milk tax in House Bill [HB] 5636 because we firmly believe that by…

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Companies have been given enough time to comply with the Philippine Competition Act (PCA) and antitrust authorities warned that they were ready to apply the full force of the law. “If, after due process, you are caught violating the PCA, you will be fined and penalized,” PCC Chairman Arsenio Balisacan…

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Japanese businesses remain interested in the Philippines, a Cabinet official said in response to reports that foreign direct investments (FDI) from Japan had fallen by over 50 percent in the first five months of the year. Trade Secretary Ramon Lopez told reporters Bank of Tokyo’s 2016 purchase of a 20…

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TWO groups on Wednesday urged Department of Trade and Industry (DTI) Secretary Ramon Lopez to promulgate the long-delayed Implementing Rules and Regulations (IRR) of Republic Act (RA) 10620, or the Toy and Game Safety Labeling Act of 2013. “The apparent delay in the issuance of the IRR, which is deeply…

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Roll-on/roll-off (ro-ro) services for the Davao-General Santos-Bitung route have been put on hold due to low cargo volumes. Asian Marine Transport Corp. (AMTC), which operates the service, last week said it was now considering a vessel with a capacity of only 100 containers to replace the Mv Super Shuttle RoRo…

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THE Japan International Cooperation Agency (JICA) has acknowledged the Association of South East Asian Nations (Asean) and the Philippines as showcases of solid development cooperation in the region. “JICA’s ties with Asean are deep and will continue to deepen. Our bilateral ties are not purely economic, rather they are founded…

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Exporters and suppliers should also tap “middleweight” cities and regions in the Association of Southeast Asian Nations (Asean) in addition to so-called mega-cities, Nielsen said in a new report. In its “Rethinking Asean: Dispelling 8 Myths About Consumer Markets” report, Nielsen said that middleweight markets — regions with populations of…

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