The Economy

Duty Free Philippines and Alipay expand partnership to attract growing Chinese market in the Philippines

Manila, Philippines – Duty Free Philippines (DFP) is expanding its mobile payment platform to include benefits and rewards for customers, a move to attract the lucrative Chinese clientele. The expanded…

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The Economy

US-China ongoing trade war is an opportunity for the Philippines

Because the Philippines is the second-best Asian export performer, with a merchandise export growth of 1.2% in the 2nd quarter of 2019, Department of Trade Secretary Ramon Lopez said that…

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Despite ongoing trade friction, Philippine exports remain resilient, boosted by greater market access in ASEAN, Japan, USA, and China

Makati – Philippine merchandise exports continued to be resilient despite escalating US-China trade frictions and global slowdown, partly due to continued market access in Southeast Asia, Japan, the European Union…

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The Economy

BOI investments reaches Php609B as of August, an increase of 126% compared to 2018

Total investments approved by the Philippine Board of Investments (BOI) reached Php609.04 billion by the end of August 2019, more than double (126.1 percent) the amount of Php269.3 billion in…

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To eliminate corruption, President Duterte wants government to adopt gross taxation

Fed up by rampant corruption in the government, President Rodrigo Roa Duterte floated the idea of adopting gross taxation system in the country over net tax collection. The Bureau of…

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Over 4 Million Filipinos Now Live and Work in the United States

The number of Overseas Filipino Workers (OFWs) who worked abroad at anytime during the period April to September 2018 was estimated at 2.3 million. Overseas Contract Workers (OCWs) with existing…

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Agreeing to China’s request to shutdown Philippine offshore gaming operators will result in job losses says President Duterte

Despite China’s request to shut down gambling operations, the government will continue to allow Philippine offshore gaming operators (POGOs) to do business in the country since banning POGOs will result…

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The Economy

Foreign investors continue to signal strong confidence in the Philippines and the Duterte administration with investments reaching P312.8B

Makati — Total approved investments with the Philippine Board of Investments (BOI) remain steady on the upside as it nabbed P312.8 billion from January to July 2019, a 24 percent…

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Inbound tourism revenue grows to nearly a quarter of a trillion pesos in first half of 2019 for the Philippines

The Philippines’ tourism industry has generated nearly 245 billion pesos in receipts from international visitors during the first six months of the year 2019, according to the Department of Tourism…

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Philippine exports resilient amidst Global trade slow down

Makati – Preliminary data shown by the Philippine Statistics Authority (PSA) indicates that Philippine merchandise exports continued to grow for the third consecutive month— increasing by 1.5% in June this…

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Philippines aims to boost trade, investment, and tourism promotions in China, Southeast Asia at the 16th Annual CAEXPO

DTI-CITEM aims to bring 70 Filipino companies to one of China’s biggest trade fairs. Part of the delegation are the local companies, the Philippine Trade and Investment Center (PTIC) in…

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Boost domestic demand, diversify to improve Philippine trade — NEDA

Manila — With global growth likely to remain sluggish for the remainder of 2019, the government must exert all efforts in boosting domestic demand and exports’ competitiveness to improve the…

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The Economy

July inflation is slowest in 31 months

Pasig City — The National Economic and Development Authority expects inflation to settle within the government’s target of 2.0 to 4.0 percent this year as it further slides to its…

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PH-US trade in agriculture promoted in Washington, DC

Washington, DC — The Philippine Embassy in Washington, D.C., through the Office of the Agriculture Attaché Dr. Josyline Javelosa, held a series of meetings in July 2019 aimed at promoting…

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New technologies will create new types of jobs and better productivity, not job loss—DTI Chief

Trade and Industry Secretary Ramon Lopez dispelled fears over possible job losses due to the emerging new technologies in various industries. “Technology leads to innovation and new approach in doing…

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The Economy

Construction of Bulacan Airport set to begin before end of 2019

Clark, Pampanga — Construction works for Bulacan Airport are set to commence before the end of the year. This comes as the Department of Transportation (DOTr) concluded the Swiss Challenge…

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Japan’s Kyushu-based firms eyes new investments in the Philippines

In his keynote following the signing ceremony, Trade Secretary and BOI Chairman Ramon Lopez said, “Kyushu’s focus on seeking new trading partners for their region, is a perfect fit for…

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Proof of progress — the Philippines jumps 19 spots in updated Global Innovation Index

The Philippines skyrockets from 73rd to 54th place out of 129 countries in the 2019 Global Innovation Index (GII), scoring 36.18 this year from last year’s 31.56. The country’s scores…

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President Duterte inaugurates 7-km Candon City Bypass Road

Candon City — President Rodrigo Roa Duterte inaugurated the P717.6 million Candon City Bypass Road project aimed at decongesting Candon City’s commercial center and propping up economic activity in the…

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President Duterte reports major accomplishments in 4th State of the Nation Address

President Rodrigo Roa Duterte reported to the nation on July 22 significant accomplishments made by his administration aimed at reducing poverty, fighting graft and corruption, and improving peace and security.…

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Duty Free Philippines and Alipay expand partnership to attract growing Chinese market in the Philippines

US-China ongoing trade war is an opportunity for the Philippines

Despite ongoing trade friction, Philippine exports remain resilient, boosted by greater market access in ASEAN, Japan, USA, and China

BOI investments reaches Php609B as of August, an increase of 126% compared to 2018

To eliminate corruption, President Duterte wants government to adopt gross taxation

Over 4 Million Filipinos Now Live and Work in the United States

Agreeing to China’s request to shutdown Philippine offshore gaming operators will result in job losses says President Duterte

Foreign investors continue to signal strong confidence in the Philippines and the Duterte administration with investments reaching P312.8B

Inbound tourism revenue grows to nearly a quarter of a trillion pesos in first half of 2019 for the Philippines

Philippine exports resilient amidst Global trade slow down

Philippines aims to boost trade, investment, and tourism promotions in China, Southeast Asia at the 16th Annual CAEXPO

Boost domestic demand, diversify to improve Philippine trade — NEDA

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July inflation is slowest in 31 months

PH-US trade in agriculture promoted in Washington, DC

New technologies will create new types of jobs and better productivity, not job loss—DTI Chief

Construction of Bulacan Airport set to begin before end of 2019

Japan’s Kyushu-based firms eyes new investments in the Philippines

Proof of progress — the Philippines jumps 19 spots in updated Global Innovation Index

President Duterte inaugurates 7-km Candon City Bypass Road

President Duterte reports major accomplishments in 4th State of the Nation Address

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