Banks ask BSP to extend some relief measures

July 04, 2020
Among the measures implemented by the BSP to address the impact of the community quarantines, which the government implemented to stem the rise in coronavirus disease 2019 cases, are the electronic submission of documents for applications for approval and/or registration of foreign currency loans, borrowings, investments; the sale of foreign exchange by authorized agent banks; the use of electronic signature or digital signatures for documents originally required to be submitted in hard copy and non-imposition of monetary penalties for delayed submitted of reports.

Buy local, save jobs -- DTI chief

July 04, 2020
“We follow the free market and in the end, we will create the environment of competition. If we ban the import, we might spoil the local manufacturing and that’s what we are avoiding. Free market but what we are asking on the demand side from our consumers, is to prioritize the local produce,” he added.

P711-M pandemic aid released to 7-Eleven franchisees

July 04, 2020
Philippine Seven Corp., the exclusive licensor of 7-Eleven in the country, has started releasing its P711-million pandemic support program for its franchisees.a“We recognized immediately that the country’s and the world’s battle with Covid-19 would be long and painful, so the first thing we did was (to) request our bankers for an increase in our credit lines. Thankfully, they responded quickly and generously, and our next focus became how to deploy this access to capital strategically during the pandemic. The PSP is one such example,” PSC president and chief executive officer Jose Victor Paterno said.

DTI-EMB urges entreps to ‘platformize’ biz

July 01, 2020
Department of Trade and Industry-Export Marketing Bureau director Senen M. Perlada encouraged entrepreneurs to “platformize” or use online platforms to promote their businesses, both in local and global markets, as part of the digital transformation entrepreneurs would have to go through to thrive in the new normal.

Sharpening PH export edge

July 01, 2020
Philippine Exporters Confederation Inc. president Sergio Ortiz-Luis Jr. said the FIRe (Fourth Industrial Revolution) project hopes to serve as a platform to help advocate and to shepherd interested PHILEXPORT members to leverage on technology for business growth.

Gov’t, private business sector vow to help Cebu fight COVID

July 01, 2020
Presidential Adviser for Entrepreneurship and Go Negosyo founder Joey Concepcion has announced that the  private sector, the government  through its “Go Negosyo Project ARK,” and the Cebu Chamber of Commerce and Industry (CCCI), will boost its  support to Cebu City  in mitigating the surge of COVID-19 cases.

Shipping lines must allot cargo space for food

June 30, 2020
Following government’s drive to provide food security for the people amid the coronavirus disease 2019 pandemic, Transportation Sec,  Arthur Tugade has ordered domestic shipping lines to provide no less than 12 percent of their vessel’s cargo capacity per voyage for the exclusive accommodation of agricultural and food products and to extend preferential shipping rates on agricultural and food products.

EU to roll out P359-M ARISE+ PH project

June 30, 2020
In a webinar of Employers Confederation of the Philippines and International Labor Organization, Delegation of the EU to the Philippines Chargé d’ Affaires Thomas Wiersing said the country would be part of the Asean Regional Integration Support from the EU Plus.

IPOPHL urges MSMEs to protect IP

June 30, 2020
The Intellectual Property Office of the Philippines is calling on micro, small and medium enterprises to protect their intellectual property  rights in order to gain or maintain a competitive edge even amid a crisis. 

Fiscal prudence key to recovery

June 26, 2020
He said the proportion of debt to gross domestic product has improved to record-low of 39.6 percent, revenues posted its biggest share to domestic output at 16.1 percent in 2019, inflation remains manageable, and foreign reserves continue to rise, with the end-May 2020 level at $93 billion

Digitally enhanced system boosts tax take

June 25, 2020
Finance Sec. Carlos Dominguez III has lauded the Bureau of Internal Revenue for its ongoing digital transformation efforts that has dramatically improved services to taxpayers while supporting the country’s strong fiscal position through a robust collection performance ahead of the coronavirus crisis.