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The Philippine Foreign Trade boosted by 12.9%, amounting to $216.20 billion in 2022 from $191.58 billion in 2021. However, the imports further broadened the country’s trade gap by 38%, according to the Philippine Statistics Authority (PSA) data.
Continue reading “Boost in PH Foreign Trade noted in 2022”
President Ferdinand R. Marcos, Jr. on his administration’s policy in right sizing bureaucracy, and on the recommendation of Sec. Benjamin Diokno ordered the abolishment of the DOF (Inter-Agency Tax Credit and Duty Drawback Center) OSS Center) and transfers the mandate to the Bureau of Internal Revenue (BIR) and Bureau of Customs (BOC), to assure the orderly and expeditious processing of tax credits and duty drawbacks under various laws.
Continue reading “BIR mandated to handle DOF OSS on tax credit and duty drawback”
Bangko Sentral ng Pilipinas (BSP) Governor Dr. Felipe M. Medalla reported in depth the topic “In Pursuit of Price Stability Challenges and Opportunities,” highlighting that the country’s gross domestic product (GDP) is expected to increase up to 6% amidst pent-up demand together with the target range of easing the inflation within the two to four percent by the end of the year 2023.
Continue reading “BSP expects 6% GDP growth by the end of the year”Welcome EDC Chair, Secretary Alfredo Pascual! Both the Public and Private Members of the Export Development Council (EDC), Executive Committee, as well as the Networking Committees (NCs) Chairmen, warmly welcomes the new EDC Chairman, DTI Secretary Alfredo E. Pascual during its first meeting held last 27 January 2023 at the Board of Investments Building, Makati City.
Continue reading “Welcome EDC Chair, DTI Secretary Alfredo Pascual!”
The Department of Science and Technology – Metals Industry Research and Development Center (DOST-MIRDC) promotes its newly launched Advanced Manufacturing Center (AMCen) on 14 June 2021. The program aims to establish a NATIONAL CENTER of EXCELLENCE in additive manufacturing (AM):
The AMCen features seven (7) components or services, composed of Materials R&D, Prototyping and Fabrication, Collaboration & Partnership, Technical Services, Training Services, Education Formation, and Policy Standard.
Moreover, they have two laboratories: the AMCen MATDEV Laboratory inside the DOST North Compound, initiated on 22 December 2020 and the AMCen Fabrication & Prototyping Laboratory, located at DOST South Compound established on 14 June 2021.
The program also includes an ecosystem namely AMCen “CONNECTƎDMINDS” that seeks to build a community of professionals, practitioners, and innovation centers to enable the thriving of research and development and induce the adoption of additive manufacturing for advanced prototyping, product innovation and development.
Likewise, the members benefits from this ecosystem includes Training Programs;R&D Collaborations and Access to AMCen Services.
The SMEs Exporters can also join in the said ecosystem as the program aims to support startup business and MSMEs for the low-to-medium volume of new and innovative products towards commercialization.
For more updates and information, visit AMCen website at https://amcen.dost.gov.ph/home JVL
The annual ARANGKADA Philippines Forum of the Joint Foreign Chambers of the Philippines occurred on December 6, 2022 at the Manila Marriott Hotel in Pasay City. ARANGKADA Philippines is the major advocacy of the Joint Foreign Chambers (JFC) a partnership between the American, Canadian, Australian-New Zealand, European, Japanese,and Korean chambers of commerce and the Philippine Association of Multinational Companies Regional Headquarters, Incorporated to increase investment and employment in the Philippines launched in 2010.
Continue reading “The 11th ARANGKADA Philippines Forum: Reform, Rebuild, Recover”
President Ferdinand R. Marcos Jr. ordered a boost to PH’s Digital Infrastructure, emphasizing digitalization’s relevance in consistently improving the Ease of Doing Business in the Philippines.
Particularly in streamlining the government’s efforts in processing and issuing permits and licenses to accelerate the development of telecommunication and internet infrastructure in the Philippines. More so, to enhance mobile cellular services and free Wi-Fi across and in remote areas of the country.
Continue reading “PBBM orders boost on PH’s Digital Infrastructure”
Trade Sec. Alfredo E. Pascual led the opening of the 18th National Biotechnology Week with the theme: “Responding to the Challenges, Business Opportunities in Biotechnology.” last 21 November 2022 at the Philippine Trade Training Center (PTTC). In his keynote, he underscores that Science, technology, and innovation are keys to moving the country toward an advanced, inclusive, and resilient future. This week-long celebration of biotechnology takes on a special meaning as the pandemic brought into sharp focus the promising role that this branch of science can play.
Continue reading “DTI Sec. Pascual led the opening of the 18th National Biotechnology Week”
Exporters can take advantage of new opportunities at the AMBIENTE Consumer Goods Trade Fair, the largest and leading international trade fair and the world’s number one in products associated with dining, cooking, household items, furnishings and ornaments, interior design, gifts, jewelry, and fashion accessories from 3 to 7 February 2023 at Messe Frankfurt, Germany. Messe Frankfurt is in action to fulfill its mission to promote the economy by creating new platforms in the Global Consumer Goods Industry.
Continue reading “Ambiente is to come back in 2023, the largest consumer goods trade fair”
In a joint media statement of the Association of Southeast Asian Nations (ASEAN) released after the inaugural RCEP Ministers’ Meeting last September 18, 2022, the role of the Regional Comprehensive Economic Partnership (RCEP) in ASEAN post- pandemic resurgence has been highlighted.
Continue reading “ASEAN post-pandemic resurgence seen with RCEP”