Japanese firms to expand operations

March 17, 2019
The Department of Trade and Industry (DTI) together with the Philippine Trade and Investment Center (PTIC) in Tokyo organized a business forum on March 12, 2019 with high level representatives of select Japanese companies to discuss expansion intentions as well as ongoing economic reforms in the Philippines (PH). DTI Secretary Ramon Lopez led the discussion and highlighted PH’s top trade products, investment performance, and industry growth drivers.

Diokno tackles risks to financial market

March 15, 2019
The Financial Stability Coordination Council (FSCC), in its quarterly meeting, welcomed its new chairman, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno, who replaced the late BSP Governor and FSCC Chairman Nestor A. Espenilla Jr., who passed away last month.

Alcohol tax to raise P237B in 5 years

March 12, 2019
A proposal by Senator Emmanuel Pacquiao to increase the excise tax on alcohol products will raise additional revenues of almost PHP237 billion over a five-year period and at the same time help reduce excessive consumption of alcoholic drinks or binge drinking that is linked to vehicular crash accidents, domestic abuse and other crimes.

Diokno: ‘Bird's-eye view’ of economy

March 07, 2019
In reply to a phone message from the Philippine News Agency (PNA) Monday night, BDO chief market strategist Jonathan Ravelas said Diokno, who also headed the inter-agency Development Budget Coordination Committee (DBCC) on a concurrent basis, has an edge in the central bank.

Sono Motors Presents Design of the Sion

March 05, 2019
Sono Motors, the German provider of sustainable mobility concepts and producer of the first series-produced electric car with solar integration, unveiled the first images of the Sion's series design as part of a broad online release. The focus was placed on the full-surface incorporation of solar modules into the bodywork - one of the vehicle's unique features that have influenced its design.