The FOOD Philippines showcase at FOODEX Japan 2025 last March 11-14 resulted in solid deals with major global market players, and rounded out the first quarter series of overseas trade fairs for food by the Center for International Trade Expositions and Missions (CITEM), the lead promotion arm for the Philippine export industry. Participating exhibitors were able to secure deals with …
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THE Philippines and Morocco celebrate 50 years of diplomatic relations with a joint commemorative stamps issuance featuring the Philippines’ Mactan-Cebu and Morocco’ Marrakech-Menara Airport. According to Postmaster General Luis D. Carlos, “This stamp is more than just a symbol — it is a bridge that connects both countries’ innovation and connectivity in the aviation sector”. The PHLPost stamp features the …
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Metro Retail Stores Group, Inc. (MRSGI) achieved P39.62 billion in net sales for 2024, a 3.5 percent increase compared to P38.27 billion in 2023, reflecting positive contributions from the company’s ongoing expansion efforts and a solid 4.9% upswing in the food retail business. The same-store sales grew modestly by 0.5% compared to 2023, primarily influenced by scaling down low-margin wholesale …
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President Ferdinand R. Marcos Jr. last week commended the Department of Trade and Industry (DTI) for spearheading initiatives that drive digital innovation and promote inclusive economic growth, particularly through its Bagong Pilipinas Marketplace. Designed as a business-to-business (B2B) e-commerce platform, the Bagong Pilipinas Marketplace puts a spotlight on “Proudly Filipino” products and services. It aims to support advancements in product …
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Special Assistant to the President for Investment and Economic Affairs (SAPIEA) Frederick Go will travel to the United States to negotiate the 17-percent tariff imposed by the Trump administration on certain Philippine goods entering the American market. Speaking to Palace reporters, Go shared that the Philippine government had received a “positive response” from the US Trade Representative (USTR) regarding its …
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The Bureau of Internal Revenue (BIR) is ramping up enforcement operations targeting both emerging and long-standing sources of tax evasion, particularly within the vape and tobacco industries. In a news release on Thursday, BIR Commissioner Romeo Lumagui Jr. emphasized that this initiative is part of the Marcos administration’s comprehensive effort to tackle illicit trade, prevent revenue loss, and address public …
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The Bureau of Customs (BOC) on Thursday spearheaded the inspection of 14 seized 20-foot container vans loaded with misdeclared refined sugar from Vietnam, with an estimated market value of P28.72 million. Customs Commissioner Bienvenido Rubio led the inspection of the intercepted agricultural shipment, which was flagged for violating customs regulations and other applicable laws, according to a BOC press release. …
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GUAGUA, Pampanga – The Philippine Amusement and Gaming Corporation (PAGCOR) joined the Provincial Government of Pampanga last Friday, April 11, for the inauguration of the new Pampanga Provincial Dialysis Center in a major boost for accessible healthcare in the province. PAGCOR donated over P90-million for the project to procure 40 dialysis machines …
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MUÑOZ, Nueva Ecija – LandBank is partnering with the Central Luzon State University (CLSU) to provide a more secure, efficient, and convenient way to manage daily financial transactions through a cash-lite campus ecosystem. The state-run bank launched the Cash-Lite Campus initiative last April 8, which aims to transform CLSU into a tech-savvy campus by integrating digital payment solutions for …
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Mr. Marc Tomas, former President, Ikebana International Manila Chapter 108 and member of Sogetsu Potential Manila Chapter will once again share his expertise on the Ikebana-Sogetsu Japanese flower arrangement in a four-session workshop for beginners at Sunshine Place. He has been teaching Ikebana classes at Sunshine Place since 2017 and his students have participated in several exhibits that showcase their …
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The Market Monitor Minding the Nation's Business