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

LGUs urged to reward environment-friendly businesses

MANILA — The National Solid Waste Management Commission (NSWMC) is urging local government units (LGUs) to issue ordinances in rewarding establishments that use environment-friendly packaging. “LGUs can consider issuing respective ordinances on the matter and possibly give incentives,” said NSWMC Secretariat Executive Director Eligio Ildefonso on Wednesday. The suggestion aims to address the country’s worsening garbage … Read More

Loan assistance for La Trinidad micro cooperatives pushed

LA TRINIDAD, Benguet — Small or micro-scale cooperatives in this capital town have something to look forward to, as the municipal council pushes for a loan assistance program for the sector. The proposed ordinance is called “La Trinidad Cooperative Livelihood Loan Assistance Program”, La Trinidad Councilor Horacio Ramos Jr., the principal author of the ordinance, shared … Read More

Baguio economy flourishing

BAGUIO CITY — The planning and development office of Baguio says the city is on the right track and is economically growing, as shown by indicators of progress in 2017 compared with 2016. Evelyn Cayat, City Planning and Development Officer, reported on Friday that the city’s total exports grew by 75.2 percent to USD2.9 billion in … Read More

Caterpillar, Inc. bullish over Build, build build program

MANILA — American construction machinery and equipment company Caterpillar, Inc. is bullish about its business in the Philippines due to emerging opportunities in the local construction sector. Caterpillar Global Director for Excavation Division Giacomo Bottone said in an interview that the company would like to maximize the opportunities in the Philippines by offering new line of … Read More

PH holds USD26.3-T untapped oil deposits

MANILA — The Philippines is virtually “sitting on a mountain of gold,” with untapped hydrocarbon deposits estimated at USD26.3 trillion, mostly found in the disputed Spratly chain of islands, more than enough to free the country from the shackles of poverty. The oil deposits have been there for centuries, yet they have remained untouched. This is … Read More