Business

The Department of Trade and Industry (DTI) in Davao Region has already monitored a total of 830 establishments relative to their compliance with the agency’s Memorandum Circular 20-44.  

TecPlata port terminal has begun receiving imports from the Far East with the first shipment from China through a new Far East service provided by Evergreen Marine Corporation.

Bloomberry Cultural Foundation, Inc.(BCFI)  and the Philippine Amusement and Gaming Corporation (PAGCOR) have completed and turned over the country’s largest COVID-19 quarantine facility, the Solaire-PAGCOR Mega Quarantine Facility, to the Integrated Agency Task Force (IATF). The facility, funded by BCFI, Solaire Resort and Casino’s corporate social responsibility arm, is currently the National Capital Region’s largest quarantine facility. Built by Prime …

AREIT, Inc. (AREIT) signed a Deed of Sale with ALO Prime Realty Corp., a wholly-owned subsidiary of its Sponsor, Ayala Land, Inc., to acquire Teleperformance Cebu (TP Cebu).

Philippine Airlines has launched a ‘September Deals’ promotion offering base air fares as low as P688 for one-way domestic flights and USD99 for round trip international tickets. 

The shipment from Brazil were unloaded at TecPlata last month, and included a seismograph bound for the Vaca Muerta unconventional oil and gas field in Argentina’s Neuquen Province.  The equipment will be used by Wellfield Industry Ltda.

Trade Secretary Ramon Lopez clarified that barter transactions on the internet are lawful as long as these are done personally and not performed as part of a business.

A new consumer behavior has appeared during the lockdown – increase in demand for beer delivery in cities without liquor bans, according to data from AB Heineken, through its partner e-Commerce platform Drinkies.ph.

The Philippine peso has ranked first among four Asian currencies that maintained their value against the US dollar in the midst of the COVID-19 pandemic.

Preliminary figures released by the Philippine Statistics Authority (PSA) showed that the country’s total trade contracted 38.7% and the trade deficit shrank 48.9% in May 2020