Huawei focuses on digital transformation in PH

SHANGHAI – Information and communications technology infrastructure and smart devices maker, Huawei, is bringing in innovative technology to the Philippines to benefit from the application of digital transformation. Huawei Technologies Philippines, Inc. Vice President Daniel Guo said here that the company is now in partnership with the two telecommunication giants in the Philippines to rollout the … Read More

PH bags $12-B worth of biz deals in China

BEIJING – President Rodrigo Duterte bagged around USD12.16 billion worth of business deals in his fourth visit here. On Friday, 19 business agreements were signed between Filipino and Chinese companies. These deals include one contract agreement, two purchase framework agreements, three cooperation agreements, and 13 memoranda of understanding and agreement (MOU/MOA). Duterte said the Philippine government … Read More

Added duties on cement imports bad for gov’t infra projects

MANILA — Cement importers and contractors cautioned that the imposition of safeguard duties on imported cement may delay the administration’s Build, Build, Build program, as another trade barrier can only serve to exacerbate effects of the current cement shortage. On Wednesday, Philippine Constructors Association (PCA) Board Director Ferdinand Co said that imposing safeguard duties on imported … Read More

Construction projects increase 17% in Q3

MANILA — Approved construction projects from July to September this year increased by 16.7 percent, the Philippine Statistics Authority (PSA) reported Wednesday. Approved building permits rose to 42,111 in the third quarter this year from 36,076 in the same period last year. Construction value in Q3 2018 jumped by 45 percent to PHP104.8 billion from PHP72.1 … Read More

NPC calls out Baguio college for requiring pregnancy test

MANILA — The National Privacy Commission (NPC) has summoned administration officials of Baguio City’s Pines City Colleges to explain why it is requiring its female students to undergo pregnancy testing. In its letter to Pines City Colleges President Rocio Prats-Baltao, Vice President for Administration Regina Prats, and school physician Aurelia Navarro, the commission sought an explanation … Read More

Suspend oil excise tax to tame inflation: PCCI

MANILA — The Philippine Chamber of Commerce and Industry (PCCI), the country’s largest business organization, on Thursday called for the suspension of excise tax on petroleum products amid the surge in inflation rates posted this year. PCCI President Alegria Sibal-Limjoco told reporters that the business group shared the same sentiment with the Employers Confederation of the … Read More

Yuchengco Group solar project gets BOI nod

MANILA — A unit of the Yuchengco Group of Companies (YGC) secured approval from the Board of Investments (BOI) for its solar project in Tarlac City in Central Luzon. On Thursday, BOI said it registered the 20-megawatt Tarlac Solar Power Project-2 (TSPP-2) of PetroSolar Corp, which is owned by YGC unit PetroGreen Energy Corp. BOI said … Read More

PH banana growers want immediate cut in SoKor tariffs

MANILA — Local banana growers urged the government to fast track negotiations with South Korea to immediately lower the tariff on Philippine banana exports, noting that they cannot wait for the conclusion of the Regional Comprehensive Economic Partnership (RCEP). In a statement Thursday, the Philippine Banana Growers and Exporters Association (PBGEA) said that waiting for the … Read More

Tariff reduction may not ease inflation

MANILA — Trade Secretary Ramon Lopez admitted that reducing tariff rates on some imported products may not help in easing price pressures. Lopez said the meeting last week of the Committee on Tariff and Related Matters (CTRM) has concluded that most of the agricultural products imported by the country are sourced from free trade agreement (FTA) … Read More