Increase in domestic tourism in 2021
The demand for domestic tourism soared in 2021 amid the pandemic, this is according to the data from the Department of Tourism (DOT). The DOT and the Philippine Statistics Authority…
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The Economy
667 posts
Philippines Scores Gains from WTO MC12 Geneva Package
Geneva – Albeit the challenges and criticisms facing the World Trade Organization (WTO) and the multilateral trading system, Ministers, representatives, and delegations from the 164 members of the WTO delivered…
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Philippines Showcased in Israel Business Forum
Trade and Industry Secretary Ramon M. Lopez delivered the keynote address at the Philippines-Israel Business Forum at the Carlton Tel Aviv on 08 June 2022. Secretary Lopez highlighted the economic…
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$400 Million ADB Loan to Support Expansion of Philippine Capital Markets
MANILA, PHILIPPINES (30 May 2022) — The Asian Development Bank (ADB) has approved a $400 million policy-based loan to help the Philippine government further deepen the country’s domestic capital markets…
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National Government pays P300-billion BSP loan in advance
The National Government (NG) paid in full its outstanding P300 billion provisional advances to the Bangko Sentral ng Pilipinas (BSP) on May 20, well in advance of the 11 June…
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Infrastructure to sustain the country’s growth and recovery
Hopeful for the incoming administration’s support on “Build, Build, Build” (BBB) program, the Working Committee on Infrastructure Flagship Projects (IFP) maintained that investments on infrastructure will be the cornerstones way forward…
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Philippine exports at USD19.4 Billion in the first quarter of 2022, highest in 6 years
Philippine exports hits the highest quarterly record in the last six years at USD19.4B in the first quarter of 2022, increasing by 9.8% as compared to the same period last…
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The Philippines Underscores Tax Reform Efforts Aimed at Inclusive Economic Recovery at the United Nations
In delivering the national statement at the 2022 ECOSOC Financing for Development (FfD) Forum held in a hybrid format at the UN Headquarters on 25-28 April 2022, Finance Undersecretary Antonette…
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Philippines Manufacturing Purchasing Managers Index highest in over 4 years
The country’s manufacturing Purchasing Managers Index (PMI) jumped to 54.3 in April 2022 as compared to the March 2022 data at 53.2, making it the highest reading since November 2017…
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PH, US reaffirm strategic economic partnership
Philippine Department of Trade and Industry (DTI) Secretary Ramon M. Lopez and US Trade Representative (USTR) Ambassador Katherine Tai held a landmark bilateral meeting to discuss trade and investment issues,…
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IFC, IFC Financial Institutions Growth Fund, and IFC Emerging Asia Fund Invest in Voyager Innovations to Expand Digital Financial Services in the Philippines
Manilla, Philippines, April 13, 2022—The International Finance Corporation (IFC), a member of the World Bank Group, and two investment funds managed by IFC’s equity mobilization division (AMC), the IFC Emerging Asia…
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Philippine export gains momentum in February, expands by 15.0%, also surpasses pre-pandemic level
Philippine exports reached USD 6.16 billion in February, growing by 15.0% compared to the same period last year, based on Philippine Statistics Authority (PSA) preliminary data. Moreover, cumulative exports for…
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Philippines and US Government and Business Representatives Call on Investors to Invest in Davao Now
The Department of Foreign Affairs, in collaboration with the City Government of Davao, through the Davao City Investment Promotion Center (DCIPC), and the American Chamber of Commerce in the Philippines…
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Philippine Delegation generates about 300 leads at the 2022 Healthcare Information and Management Systems Society Conference and Exhibition
The Philippine Delegation to 2022 Healthcare Information and Management Systems Society (HIMSS) Conference and Exhibitions in Orlando, Florida has generated expected sales of around USD 30-40 million from roughly 300…
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Philippines exports sustain growth for 11 consecutive months
The Philippine merchandise exports started out strong this year, reflecting an increase of 8.9%, amounting to USD 6.04-B this month as compared to USD 5.55-B in January 2021, and even…
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Strategic Goods Exports for 2021 Amount to $4.5B
The Strategic goods export authorizations issued by the Department of Trade and Industry – Strategic Trade Management Office (DTI-STMO) last year was able to generate USD4.5-B in revenues, a significant…
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The Philippines and the United Arab Emirates to explore possible comprehensive economic partnership agreement
The Philippines recognizes United Arab Emirates (UAE) as a valuable trade partner, given that UAE ranked 23rd among the Philippines’ overall trading partners in 2020 and is its 21st largest…
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Philippine tourism industry upbeat as country gradually reopens borders
The Department of Tourism (DOT) remains optimistic for further increase in tourist arrivals in the country, following the recent reopening of its borders last week. Tourism Secretary Berna Romulo-Puyat said…
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Chinese International Import Expo generates USD597.34-M in export sales for the Philippine food sector
The Center for International Trade Expositions and Missions (CITEM) celebrates another milestone for the food export industry as the Philippines’ hybrid event participation in the Chinese International Import Expo (CIIE)…
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Philippines Investment Forum-Shanghai Draws Tech & Innovation Managers, Movers, Merchants
Close to 170 enterprises and organizations, many represented by C-suite executives, attended the maiden and resoundingly successful Philippine Investment Forum (PIF) 2021 held on 05 November at the Parkyard Hotel…
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