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PCC ensures promoting competition in PH market

MANILA — The Philippine Competition Commission (PCC) has ensured to continue promoting competition in the local market as the country improved its ranking in the latest Global Competitiveness Report of the World Bank. In a statement Thursday, PCC Chairman Arsenio Balisacan said the country’s improvement in the global competitiveness index translates to an upbeat outlook …

British chamber to promote PH in UK roadshow

MANILA — The British Chamber of Commerce Philippines (BCCP) will promote the Philippines as an investment destination for United Kingdom-based companies during the Britain in Southeast Asia (BISEA) Roadshow next week. BCCP Chairman Chris Nelson, in a briefing Wednesday, said he will represent the BCCP in the BISEA from Oct. 9 to 20 to present …

DTI to equally test local and imported cement

MANILA — The Department of Trade and Industry (DTI) plans to apply equal testing procedures for local cement manufacturers and importers. DTI Secretary Ramon Lopez told reporters that his agency has ongoing consultations with cement producers and importers to improve the current department administrative order (DAO) on cement. “One thing is clear — to remove …

Liberalizing retail trade not a priority of DTI: Lopez

MANILA— Department of Trade and Industry (DTI) Secretary Ramon Lopez said the government can look into other sectors that can be opened to foreign investors instead of liberalizing retail trade. In a chance interview Tuesday, Lopez told the Philippine News Agency that liberalizing retail trade is not a priority for DTI. “For DTI, it is …

Pernia urges Senate to make TRAIN closer to House version

MANILA — Socioeconomic Planning Secretary Ernesto Pernia has urged the Senate to make its version of Tax Reform for Acceleration and Inclusion (TRAIN) bill “closer” to the version of the House of Representatives. On the sidelines of the opening of the 28th National Statistics Month, Pernia said he would like to see better net revenue …

DTI provides stores for Marawi bizmen

MANILA — The Department of Trade and Industry (DTI) is providing stores to Maranao entrepreneurs who are among the internally displaced persons (IDPs) in Marawi brought by clashes between government troops and Maute group. DTI Secretary Ramon Lopez said his agency is working on four commissaries for Maranao businesses in nearby cities and provinces of …

PH production PMI still subdued in September: IHS Markit

MANILA — The Philippines’ manufacturing Purchasing Managers’ Index (PMI) for the month of September has slightly improved from August figure, but growth remains subdued. IHS Markit’s Nikkei Philippine Manufacturing PMI report released Monday showed that production PMI in September stood at 50.8 from a record low of 50.6 in August. The report said output volume last …

EU trade commission to review GSP+ in PH

MANILA — The trade commission of the European Union (EU) will review during the last quarter of the year Generalized Scheme of Preferences Plus (GSP+) granted to the Philippines. Department of Trade and Industry (DTI) Secretary Ramon Lopez told reporters that the review will focus on the benefits of granting the GSP+ to the Philippines. He …

Look into inclusive biz model, Robredo to franchisers

MANILA — Vice President Maria Leonor Robredo has called on franchisers to use an inclusive business model to help eradicate poverty in the country. In her keynote speech during the opening of the 16th Franchise and Business Expo of the Association of Filipino Franchisers Inc. (AFFI) Friday, Robredo said businesses should expand their operations not only …

DTI to bring Tacloban, east Visayas products to Manila

MANILA — The Department of Trade and Industry (DTI) in Region 8 will bring products of Eastern Visayas, including products of typhoon Yolanda-hit Tacloban to Metro Manila next week. These products will be featured during the Bahandi Eastern Visayas Trade Fair from Oct. 4 to 8 at the Megatrade Hall 1, Mega B, SM Megamall …