As the global economy opens with the resumption of International Trade Shows, the Export Development Council (EDC) receives a surge in endorsement of Travel Tax Exemption (TTE) applications for participation in international events. The EDC has endorsed five hundred fourteen applications (514) to the Tourism Infrastructure and Enterprise Zone Authority (TIEZA) for the period January to August 2023. This is a solid proof that we are now in the New or Next Normal. It reflected a significant increase compared to the previous years of 2020-2022 due to the pandemic. In 2022, only a total of forty-one (41) applications were endorsed by the EDC from the same period as of this year. The TTE applications are expected to increase further in the last quarter of 2023. Continue reading EDC surge endorsement of Travel Tax Exemption as global economy opens
ARTA Secretary Ernesto V. Perez led the launching ceremony of the 2023 Philippine Regulatory Impact Assessment (RIA) Training Workbook on August 15, 2023, at the Novotel Manila.
The RIA Training Workbook is a comprehensive guide for implementing government agencies, including their respective offices and exporters, enabling them to carry out and embrace the RIA process effectively. The workbook offers systematic instructions, equipping them with essential knowledge and tools to navigate regulatory requirements, optimize efficiency, and foster an environment conducive to growth. Continue reading 2023 PH (RIA) Training Workbook to foster regulatory efficiency
PBBM welcomed the public-private sector collaboration to develop the e-vehicle industry in the country during the Private Sector Advisory Council (PSAC) Job Sector Groups (JSG) Meeting on 17 August 2023.
With this collaboration, this could help the PH exporters as they can potentially export locally manufactured electric vehicles and EV components to other countries. As global demand for electric vehicles grows, there may be opportunities for Philippine manufacturers to tap into international markets. Continue reading PBBM embraces public-private collaboration to develop PH as key player in e-vehicle industry
The Maharlika Investment Fund (MIF), was signed into law by President Ferdinand R. Marcos Jr. to drive PH’s meaningful economic transformation, including boosting infrastructure development, creating high-quality jobs, and pursuing its initiatives to become an investment-friendly nation. This means increasing the capacity and capability to make profitable investments, such as the Build-Better-More program.
The Fund under Republic Act No. 11954 aims to achieve upper-middle-income status by 2025, single-digit poverty levels, and other goals set out in the Agenda for Prosperity outlined in the Medium-Term Fiscal Framework (MTFF) as well as the Marcos Administration’s 8-point Socioeconomic Agenda and the Philippine Development Plan 2023-2028.
Economists said that the Fund could add materially to government resources in the future if it is properly managed. As President Marcos Jr. delivered in his 2nd State of the Nation Address (SONA), any investment decisions in managing and utilizing the Maharlika Investment Fund shall remain intact with the Administration’s total commitment to transparency, accountability, and good governance.
Exporters can look forward to new opportunities for some of the high-priority projects of the Country’s Agriculture, Infrastructure, Digitalization, Strengthened Supply Chains, and other areas that support the platform of transforming the Philippines’ competitiveness in the rest of the world. This also means both the public and private sectors can benefit from the future success of this endeavor.
The passage of the MIF law was signed on 18 July 2023 at the Rizal Hall, Malacañang Palace. AOB
The Micro, Small and Medium Enterprise (MSME) Guide to Disaster Resilience book was launched to have a better understanding of the basic concepts of disaster risk education and management, and business continuity practices.
This book serves as a reference material for MSMEs) for future disaster awareness and management. It also includes sample toolkits and exercises which can help MSMEs develop their own emergency preparedness and business continuity plans. Continue reading MSME Guidebook for Disaster Resilience launched!
President Ferdinand R. Marcos Jr. highlighted the Philippines as a Service Export Powerhouse, specifically the Tourism and Information Technology-Business Process Management (IT-BPM) Sectors’ vital roles in boosting the country’s economic growth during his speech in the second State of the Nation Address (SONA) at the Congress last Monday, 24 July 2023.
Part of the administration’s work is to push the Philippines by making it a “Tourism Powerhouse and an Agile Export Powerhouse” in Southeast Asia, aligning with the two plans, the National Tourism Development Plan (NTDP) 2023-2028 and the Philippine Export Development Plan (PEDP) 2023-2028.
Continue reading Tourism and IT-BPM Industry noted to boost PH economic growth
EDC welcomes Mr. Eli M. Remolona Jr. as the new Governor of the Bangko Sentral ng Pilipinas (BSP) and Council member in place of former Gov. Felipe M. Medalla as the Presidential Communications Office announced his appointment on 23 June 2023.
Gov. Remolona brings his extensive experience in central banking, economic policy, international finance, and financial markets to the agency. Before he was appointed BSP Governor, he was a Professor of Finance and Director of Central Banking at the Asia School of Business in Kuala Lumpur. He taught courses on monetary policy, money and capital markets, and digital transformation. Continue reading EDC welcomes the new BSP Governor and DOH Secretary
For information and easy reference of the concerned stakeholders, please be guided by the Bureau of Customs (BOC) visual presentation of the Bureau’s principal ports and sub-ports location on the Philippine map.
The BOC Collection Districts, also known as Ports are supervised by a District Collector assisted by Deputy District Collectors as many as necessary, a District Collector also has jurisdiction over Sub-ports.
A Collection/ Customs District has a designated “principal port of entry” and each principal port of entry has its “sub-port(s) of entry”.
Below are the seventeen (17) Collection Districts identified by the BOC.
|Principal Port of Entry
|Customs District I
|Port of San Fernando
|San Fernando, La Union
|Customs District II-A
|Port of Manila (POM)
|Manila (Port Area)
|Customs District II-B
|Manila International Container Port (MICP)
|Customs District III
|Ninoy Aquino International Airport (NAIA)
|Customs District IV
|Port of Batangas
|Customs District V
|Port of Legazpi
|Customs District VI
|Port of Iloilo
|Customs District VII
|Port of Cebu
|Customs District VIII
|Port of Tacloban
|Customs District IX
|Customs District X
|Port of Cagayan de Oro
|Cagayan de Oro
|Customs District XI
|Port of Zamboanga
|Customs District XII
|Port of Davao
|Customs District XIII
|Port of Subic
|Olongapo, Zambales / Morong, Bataan (Subic Freeport Zone)
|Customs District XIV
|Port of Clark
|Mabalacat, Pampanga (Clark Freeport Zone)
|Customs District XV
|Port of Aparri
For detailed contact information of each collection district, you may visit the organization Chart of the BOC through this link. PKC
Department of Tourism (DOT) OIC Undersecretary for Tourism Development Planning, Verna Covar-Buensuceso presented the DOT’s future plans including the completion of the National Tourism Development Plan (NDTP) 2023-2028 which envisions to transform the Philippines Tourism into a tourism powerhouse in Asia.
Continue reading DOT prides on five-year plan for PH Tourism transformation to be Asia’s tourism powerhouse
Strengthening the Manufacturing Sector will greatly contribute to the country’s economic development; it processes raw materials into finished goods with the help of machinery, tools, and human labor, generating more jobs and global competitiveness.
Continue reading PBBM supports Strengthening the Manufacturing Sector to create more Jobs