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THE COUNTRY’s merchandise trade deficit lingered above the $3-billion mark for the fifth straight month this year in August as a pickup in export growth that month failed to offset a slower increase in imports, according to data the Philippine Statistics Authority (PSA) reported on Wednesday.
THE information technology and business process outsourcing (IT-BPO) industry said it may fall 40% short of its 2018 job creation target in a high-tax regime.
THE Philippine Economic Zone Authority (PEZA) said investment pledges in the first nine months of 2018 declined over 55% with potential investors taking a wait-and-see attitude pending the passage of the Tax Reform for Attracting Better and High Quality Opportunities or TRABAHO bill.
THE Department of Trade and Industry (DTI) said it may recommend to President Rodrigo R. Duterte a cap on the margins that can be earned on the sale of certain agricultural commodities.
THE Department of Trade and Industry (DTI) will invite major retailers to import 350,000 metric tons (MT) of rice to supply supermarkets by the end of October, noting that two such groups have expressed their willingness to import the staple.
THE Department of Trade and Industry (DTI) said workers from the business process outsourcing (BPO) industry will receive aid in upgrading their skills from a P5 billion fund to be set up under the latest tax reform legislation.
CALIFORNIA-BASED chipmaker Maxim Integrated, Inc. is maintaining its capital expenditure program in the country next year despite the semiconductor industry’s concerns over the government’s plan to change its fiscal incentive policies.
THE Department of Trade and Industry (DTI) has invited more tech-focused small and medium-scale businesses from Japan to partner with Philippine companies that can help in launching their products in the market.
THE National Food Authority (NFA) said the market is running short of regular-milled rice, which it says should force a rethink of the private-sector led-importation rules to increase the availability of the affordable type of the staple.
THE Department of Trade and Industry (DTI) said it has received inquiries from some foreign firms seeking to relocate manufacturing operations to the Philippines amid tensions between US and China.
THE PHILIPPINE ECONOMY is ready to face headwinds from rising inflation and further depreciation of the peso which have intensified in recent months, economic managers said on Tuesday, saying the government has all the tools it needs to handle these “temporary” challenges.
THE Semiconductor and Electronics Industries in the Philippines Foundation, Inc. (SEIPI) said its industry road map sets a 6% annual export growth target which will help it achieve its $50 billion target for export sales by 2030.