MANILA, Philippines — Automotive parts makers have renewed their call to government to support local parts manufacturing by implementing safeguard measures on vehicle imports to reduce the entry of vehicles from overseas or completely built-up (CBU) units and prevent small and medium parts makers from closing shop amid the COVID-19 pandemic. “Our main appeal is […]
Read MoreMANILA, Philippines — The estimated reverse inbound tourism further plunged 60.56 percent to P81.05 billion in the five months to May due to travel restrictions amid the coronavirus disease 2019 or COVID-19 pandemic, the chief of the Department of Tourism (DOT) said. In a virtual press briefing yesterday, Tourism Secretary Bernadette Romulo-Puyat said international arrivals […]
Read MoreMANILA, Philippines — The government will impose additional requirements for meat importers amid an oversupply in the local inventory, particularly chicken. Agriculture Secretary William Dar has crafted additional guidelines on the approval of sanitary and phytosanitary import clearance for meat commodities. The coronavirus pandemic, which forced hotels and restaurants to temporarily shut down operations, has […]
Read MoreMANILA, Philippines — The government’s debt stock rose to a new record high of P8.6 trillion as of end-April following the net issuance of government securities and the availment of foreign loans to fund coronavirus disease 2019 or COVID-19 response, the Bureau of the Treasury (BTr) reported yesterday. According to the latest data from the […]
Read MoreMANILA, Philippines — The country’s balance of payments (BOP) surplus narrowed by 28.5 percent to $448 million in March from $627 million in the same period last year amid the sharp drop in foreign portfolio investments as investors cashed in on their holdings amid the coronavirus disease 2019 or COVID-19 pandemic, according to the Bangko […]
Read MoreMANILA, Philippines — Flights resumed on Wednesday after the government re-opened the country’s airspace, two and a half months since getting shut off during the enhanced community quarantine in Luzon and other areas. In separate advisories, local carriers announced they are mounting flights from Metro Manila to select areas in the Visayas and Mindanao where […]
Read More
Thailand
