President Ferdinand Marcos Jr. has officially signed the Republic Act No. 11976, also known as the Ease of Paying Taxes Act, into law. This legislation aims to enhance government revenue collection by implementing digitalization initiatives. It introduced administrative tax reforms and amended various sections of the National Internal Revenue Code of 1997. Additionally, it modernizes the Philippine taxation system by adopting best practices and replacing outdated procedures.
Continue reading “PBBM inks the Ease of Paying Taxes Act”Philippines Ranks 2nd among ASEAN on Digital and Sustainable Trade Facilitation
Philippines ranks second-best among Southeast Asian (ASEAN) countries in the 2023 United Nations Global Survey on Digital and Sustainable Trade Facilitation, scoring 87.10%. The Bureau of Customs (BOC) had set a significant milestone in transforming the BOC into a world-class customs agency in modernizing customs administration and improving trade facilitation.
Continue reading “Philippines Ranks 2nd among ASEAN on Digital and Sustainable Trade Facilitation”PNP-Firearms and Explosives Office: Advancements, Achievements, and Future Initiatives in Explosives Regulation
The Philippine National Police-Firearms and Explosives Office (PNP-FEO), through the Explosives Management Division (EMD), recently provided crucial updates on the Regulations and Control of Explosives, Explosive Ingredients (EEIs), Controlled Chemicals (CCs), and Firecrackers and Pyrotechnic Devices (FCPDs).
The EMD highlighted their Accomplishments for the CY 2023. Notably, there was a significant increase in the issuance of licenses and permits, totaling 5,924 and amounting to PHP 28,164,221.38. This represents a noteworthy surge compared to the fees collected in 2022, which amounted to PHP 25,798,680.88.
Continue reading “PNP-Firearms and Explosives Office: Advancements, Achievements, and Future Initiatives in Explosives Regulation”Transforming Trade: The Intermodal Revolution in the Philippines’ Logistics Landscape
Intermodal Transportation is a transformative approach in the movement of goods, it is a significant progress towards enhancing the Philippines’ logistics infrastructure and advancing its global trade competitiveness.
It is defined as transporting goods in a single container using two or more modes of transportation (ex., rail and truck, airfreight, and sea freight). This innovative initiative will heighten efficiency and cost-effectiveness in the transportation of goods across the archipelago.
Continue reading “Transforming Trade: The Intermodal Revolution in the Philippines’ Logistics Landscape”DTI-PTTC Leads Trainings for Nation Building Program
The Training for Nation Building Program, organized by the Department of Trade and Industry’s Philippine Trade Training Center (DTI-PTTC), encompasses a range of training initiatives designed to assist MSMEs as well as emerging entrepreneurs.
PTTC–Global MSME Academy, serving as the training arm of DTI, is dedicated to delivering extensive training and capacity-building programs. These initiatives are designed to foster MSMEs’ development, growth, and innovation. Throughout its existence, PTTC-GMEA has been a leader in providing growth-oriented MSMEs with essential skills and knowledge. Doing so empowers them to attain global entrepreneurial excellence, positioning them at the forefront of the international business landscape.
Continue reading “DTI-PTTC Leads Trainings for Nation Building Program”PH continues toward a robust economic future
The Philippine economic growth is anticipated to maintain a promising performance despite facing a challenging economic and financial environment throughout 2023. Economic managers, such as the Development Budget Coordination Committee (DBCC), assume a Philippine growth rate of 6.5 to 7.5 percent in 2024. The projected growth is expected to be driven by strong private consumption, supported by the expected return of inflation within the target range, falling oil prices, robust public spending, more significant investments lured by the country’s sound macroeconomic fundamentals, investment-grade credit rating, and the implementation of structural reforms, and increased demand for Philippine exports as supply chain bottlenecks ease.
Continue reading “PH continues toward a robust economic future”DTI-PTTC Leads Trainings for Nation Building Program
The Training for Nation Building Program, organized by the Department of Trade and Industry’s Philippine Trade Training Center (DTI-PTTC), encompasses a range of training initiatives designed to assist MSMEs as well as emerging entrepreneurs.
Fostering Economic Growth: ARTA’s Drive for Efficient Partnerships and Investment Opportunities
The Anti-Red Tape Authority (ARTA) recently conducted an Economic and Ease of Doing Business briefing to strengthen strategic investment and promote economic opportunities. The event featured Secretary Frederick D. Go, the newly appointed Special Assistant to the President (SAPIEA) for Investment and Economic Affairs.
Continue reading “Fostering Economic Growth: ARTA’s Drive for Efficient Partnerships and Investment Opportunities”NEW 2023 highlights “Agile Philippines: Empowering Exporters towards Global Excellence”
The Department of Trade Industry – Export Marketing Bureau (DTI-EMB), in collaboration with the Export Development Council (EDC) and the Philippine Exporters Confederation Inc. (PHILEXPORT), altogether led the celebration of the 26th edition of the National Exporters’ Week 2023, with the theme, “Agile Philippines: Empowering Exporters towards Global Excellence.” This year’s theme highlights the importance of developing and capacitating exporters to be agile and resilient amidst a volatile, uncertain, complex, and ambiguous (VUCA) world so that our exporters and our export industry can achieve global excellence and recognition.
Continue reading “NEW 2023 highlights “Agile Philippines: Empowering Exporters towards Global Excellence””DOF underscores PH Economic Performance with 5.9% growth in Q3 of 2023
The Department of Finance (DOF) Secretary Benjamin E. Diokno underscored the sustained recovery and progress of the Philippine economy at the Pilipinas Conference 2023, hosted by the Stratbase ADR Institute, with the theme, “The Path Towards Economic Security: Turning Global Risks into Opportunities.”
Continue reading “DOF underscores PH Economic Performance with 5.9% growth in Q3 of 2023”