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PH firms keen to adopt inclusive business models

MANILA — Enterprises operating in the country still have low awareness on inclusive business (IB) but remain keen to adopt the model, based on a study conducted by the Board of Investments and the United Nations Development Programme’s Istanbul International Center for Private Sector in Development. During the launch of the Business+ Study on Monday, …

Vietnamese firms visiting PH this week

MANILA — Fifteen Vietnamese companies are visiting the Philippines this week to explore business opportunities. The business delegation will be led by Ministry of Industry and Trade of Vietnam (MOIT) Deputy Director General for Department of Asia-Africa Markets Do Quoc Hung. The Vietnamese firms are in the sectors of rice exports and trade of agricultural products …

Chinese firm launches Star Wars Stormtrooper robots in PH

MANILA — UBTech Robotics has launched Sunday at the SM Mall of Asia the Star Wars First Order Stormtrooper robots in the Philippine market. UBTech’s Stormtrooper robots will be available in the Philippine market next month through its exclusive distributor here, Banbros Commercial, Inc. Banbros president Michael Bangayan told reporters in a briefing that UBTech is …

BOI okays P46-M plastic pellets project

MANILA — The Board of Investments (BOI) has registered Portal Steels, Inc. as a new producer of plastic pellets for exports. Portal Steels invested some PHP46.3 million for a plastic pellet plant in Carmona, Cavite, in which commercial operation is set to start next month. The facility has an annual capacity of 2,400 metric tons. …

PH performs well in PPP projects: ADB

MANILA — The Asian Development Bank (ADB) said the Philippines had a total of 119 projects under public-private partnership (PPP) since the government enacted the Build-Operate-Transfer (BOT) Law in 1990. ADB’s PPP Monitor, its first annual report monitoring progress of PPP environment in member countries, showed that these PPP projects were valued at USD56.9 billion. …

Gov’t eyes price cap for construction materials in Marawi

MANILA— Department of Trade and Industry (DTI) Secretary Ramon Lopez said the agency would identify price ceilings for particular construction materials in Marawi City and nearby areas to avoid overpricing in products needed for the rehabilitation. “The NPCC (National Price Coordinating Council) will be declaring by Monday the price ceiling for specific construction material products, …

DTI issues new cement testing rules

MANILA— The Department of Trade and Industry (DTI) has amended a Department Administrative Order (DAO) on cement products, which now harmonizes testing process for importers and producers. The DAO 17-06, or the New Rules and Regulations Concerning the Mandatory Certification of Portland Cement and Blended Hydraulic Cement with Pozzolan, was approved by DTI Secretary Ramon …

ASEAN industry players to adopt document boosting printing sector

MANILA— Printing industry players in the 10 member states of the Association of Southeast Asian Nations (ASEAN) will adopt a document to boost the sector in the region. During the first ASEAN Printing Forum in Manila, printing industry stakeholders are expected to sign on Wednesday a statement which identifies next steps of the industry for each …

ASEAN seen to continue attracting FDIs— UNCTAD

MANILA— The 10-member state Association of Southeast Asian Nations (ASEAN) is seen to continue attracting foreign direct investments (FDIs), according to the ASEAN Investment Report (AIR) 2017 of the United Nations Conference on Trade and Development (UNCTAD). The UNCTAD reported that despite the 20-percent decline in FDI flows in ASEAN in 2016 at USD96.7 billion, …

DTI chief welcomes high Q3 GDP growth

MANILA — Department of Trade and Industry (DTI) Secretary Ramon Lopez has welcomed the 6.9-percent gross domestic product (GDP) growth for the third quarter of this year, which exceeded market expectations. Lopez told reporters Friday that the contribution of manufacturing sector to the expansion of the economy in Q3 2017 was backed by investment growth …

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