MANILA, Philippines — The Philippines is set to resolve the dumping of palm oil exports of neighboring ASEAN countries that had caused the slump of prices in the local coconut industry. Agriculture Secretary Emmanuel Piñol said Indonesia and Malaysia both agreed to form a tripartite technical working group to address the dumping of palm oil into the country. “Importation data gathered by […]
Read MoreMANILA, Philippines — Amid the slowdown in the global economy, a soft landing can be expected for the Philippines this year, UK-based Oxford Economics said in a research brief yesterday. For the country, this entails a transition from a fast growth trajectory to a slower or flat growth path while avoiding recession. The macroeconomy research […]
Read MoreMANILA, Philippines — The Philippines is among the countries in Asia Pacific with the most room for monetary easing this year due to decelerating inflation and weaker growth prospects, said UK-based think tank Oxford Economics. The firm said it expects the Bangko Sentral ng Pilipinas (BSP) to cut policy rate by as much as 50 basis points […]
Read MoreMANILA, Philippines — Rice prices could go as low as P30 per kilo with the implementation of the rice tariffication law, the Department of Trade and Industry (DTI) said. “I am not making any promises, but with more imports, we can see the price go down to P30 to P32 (per kilo),” Trade Secretary Ramon Lopez said. He […]
Read MoreMANILA, Philippines — The Bureau of Customs (BOC) said yesterday it has released new guidelines to facilitate the processing of electronic Certificates of Origin (e-CO), a move which is seen to ease trade regulations between the Philippines and other member-countries of the Association of Southeast Asian Nations (ASEAN). Customs commissioner Rey Leonardo Guerrero issued last March 18 a customs memorandum order […]
Read MoreMANILA, Philippines — The Energy Regulatory Commission (ERC) has approved a lower feed-in tariff allowance (FIT-All) rate, which covers payments to renewable energy developers. The FIT-All rate will help mitigate the increase in consumers’ electricity bills during the summer season. In an order, the ERC allowed the National Transmission Corp. (TransCo) to collect 22.26 centavos […]
Read More
Thailand
