MANILA, Philippines — The country’s metallic production has continued its upward momentum, rising 10.4 percent to P122 billion last year amid better metal prices in the world market. “The strong demand from China for its stainless steel production kept metal prices in better levels. China remains the largest market for metals, accounting for over 50 […]
Read MoreMANILA, Philippines — The Manila International Container Port (MICP) has established an oversight committee tasked to fast track the disposal and reduction of overstaying containers in the port, the Bureau of Customs (BOC) said yesterday. In a statement, MICP district collector Erastus Sandino Austria said the port, in partnership with stakeholders and port operator International Container Terminal […]
Read MoreMANILA, Philippines — The completion of Metro Manila’s first subway could trigger a surge in property prices in the Philippine capital, with Quezon City seen benefitting the most from the project over the near to medium term, according to real estate consultancy services firm Colliers International Philippines. Construction on the 30-km Manila subway officially began […]
Read MoreGARMENT manufacturers want more tax incentives to help the struggling industry, urging the government to take advantage of the Chinese companies who are interested to set up shop here. Foreign Buyers Association of the Philippines (Fobap) director Ding Buendia said there was a need for government subsidies, particularly for labour and power expenses, to bring […]
Read MoreMANILA, Philippines — Global payments service provider Visa sees more opportunities as the Bangko Sentral ng Pilipinas (BSP) ramps up efforts to increase cashless transactions in the country for a cash-lite economy. Dan Wolbert, Visa country manager for Philippines and Guam, said the objective of the BSP to raise cashless transactions to 20 percent by […]
Read MoreFILIPINO exporters should trade more of their goods in regional markets as the Asian economy is expected to grow stronger, according to the Research, Education and Institutional Development Foundation Inc. (REID). In a recent report by the Philippine Exporters Confederation Inc., REID Vice President Ronilo Balbieran said that in terms of growth and size, the […]
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