TMP says auto parts exports may rise 5% next year
TOYOTA Motor Philippines Corp. (TMP) is projecting a potential 5% growth in auto parts exports next year as demand recovers in other countries, a company official said. “If next …
Category: Business
DBM approves revised rules for gov’t procurement e-marketplace pilot test
THE Department of Budget and Management (DBM) said on Tuesday that it approved the revised guidelines for the pilot run of an e-marketplace for government procurement. In a statement, …
New round of fish imports due by December being studied after typhoons diminish catch
THE Department of Agriculture (DA) said on Tuesday that it is considering additional imports of small pelagic fish following the damage from consecutive typhoons sustained by Philippine fisheries. “There …
Local-rep requirement may be waived for foreign digital firms
NON-RESIDENT digital service providers (DSPs) will not be required to appoint a local representative when registering under the newly enacted value-added tax law, according to draft regulations issued by …
Manila, Cebu hotels seen benefiting from improved flight connections
HOTELS in Manila and Cebu are expected to be the main beneficiaries of greater flight connectivity over the year-end holidays, the Philippine Hotel Owners Association (PHOA) said. Source link
Legislator backs CARS-like incentives for more automakers
MORE INCENTIVES are needed to support other carmakers not currently enrolled in the Comprehensive Automotive Resurgence Strategy (CARS) program, a legislator said. Source link
SRA rejects claims of sugar oversupply
THE Sugar Regulatory Administration (SRA) rejected claims of an oversupply of sugar, which has been blamed for a decline in millgate prices. “For both raw and refined sugar, we …
RE contract processing via EVOSS resumes — DoE
THE Department of Energy (DoE) said it will start accepting applications for renewable energy (RE) contracts through the Energy Virtual One-Stop Shop (EVOSS) System next week, following the lifting …
Severing of Baltic Sea Cables Was ‘Sabotage,’ Germany Says
Germany’s defense minister said damage to two fiber-optic cables on the sea floor appeared deliberate, but a culprit was not known. Source link
Walmart Sees ‘Momentum’ Ahead of Holiday Shopping Season
The bellwether retailer reported higher-than-expected sales in its latest quarter and upgraded its forecast for the rest of the year. Source link