MANILA, Philippines — The oldest business chamber in the Philippines is pushing for a ban on the export of raw materials like ore, saying that only companies willing to set up factories locally to manufacture finished products should be allowed to use the country’s mines. Chamber of Commerce of the Philippine Islands president Jose Luis […]
Read MoreMANILA, Philippines — South Korea plans to ramp up investments in the Philippines this year after a slowdown in 2017, with planned projects to support the government’s massive infrastructure program. The Asian powerhouse is also seeking to significantly boost trade with the Philippines, seeing huge potential in the growing local market. “President Duterte asked me […]
Read MoreMANILA, Philippines — Inflation likely remained steady at 3.3 percent in January as the drop in housing, utilities, and clothing prices was able to offset the rise in transport rates during the period, the Department of Finance (DOF) said. In an economic bulletin, the DOF said the inflation rate in January may have remained unchanged […]
Read MoreMANILA, Philippines — Local travel agencies will again have the capacity to expand their network and offer more services to the public as the 3rd International Travel Trade Expo (iTTE) opens on Feb. 9 at the SMX Convention Center in Pasay City. The business-to-business (B2B) component of the Philippine Travel Agencies Association’s (PTAA) annual Travel […]
Read MoreMANILA, Philippines — Remittances are expected to continue growing despite the setbacks arising from the ban on deployment to Kuwait as well as the imposition of higher fees on remittances, the Bangko Sentral ng Pilipinas (BSP) said yesterday. BSP Deputy Governor Diwa Guinigundo said remittances from overseas Filipinos are expected to expand by four percent […]
Read MoreMANILA, Philippines — The Securities and Exchange Commission stressed that initial coin offerings (ICOs) must be registered with the SEC. In a briefing yesterday, SEC commissioner Emilio Aquino said unlike China and South Korea, the Philippines is allowing ICOs as long as the entities offering crypto currencies comply with the SEC’s registration and disclosure requirements. […]
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