MANILA, Philippines — Chinese business tycoon and Alibaba founder Jack Ma is keen on assisting the Philippine government in ensuring an “enabling” regulatory environment for e-commerce in the country, according to the Department of Finance. In a statement, Finance Secretary Carlos Dominguez said the DOF and the Bangko Sentral ng Pilipinas (BSP) are set to […]
Read MoreMANILA, Philippines — Strengthened demand for Filipino manufactured goods propelled the solid growth of the domestic manufacturing sector in October, the latest reading of the Nikkei Philippines Manufacturing Purchasing Managers’ Index showed. The seasonally adjusted Nikkei Philippines Manufacturing PMI registered a sharp increase in October to 53.7 from September’s 50.8. A reading above 50 indicates […]
Read MoreMANILA, Philippines — In the face of intense competition among economies in providing better business climate, the Philippines is keeping its “ambitious” target in terms of ease of doing business after its latest global ranking dropped significantly despite its improved score. In the World Bank Group’s Doing Business 2018 report, the Philippines’ ranking plunged 14 […]
Read MoreMANILA, Philippines — The Philippines’ “cumbersome” business regulatory structures dragged the country below the first 100 economies tracked by World Bank Group’s annual ease of doing business report. This is despite the government’s expectations of modest improvements in this year’s report, which reviews regulations that enhance business activity and those that constrain it among economies […]
Read MoreStrong consumer spending will benefit the mass grocery retail market but value-added services such as online shopping are not expected to gain much ground given logistics and infrastructure hurdles, a research firm said. “Growing consumer spending on food and non-alcoholic drinks, an urbanizing population and the majority of households falling in the low-income bracket will […]
Read MoreMalacañang is working on the proclamation of new economic zones in a bid to address concerns raised by investors, a business group said. Philippine Chamber of Commerce and Industry (PCCI) representatives and officials of the Office of the Executive Secretary, Philippine Economic Zone Authority (PEZA) and the Department of Trade and Industry (DTI) recently met […]
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