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President Ferdinand Marcos Jr. and Trade and Industry Secretary Fred Pascual, together with other members of the Philippine delegation, welcomed on Monday, 1 May 2023, the cooperation agreement signed between Integrated Micro-Electronics, Inc. (IMI) and Zero Motorcycles, a global leader in electric motorcycles and powertrains. As one of the proponents of the country’s transition to electric vehicles and the use …

After the declaration of Commissioner Romeo Lumagui, Jr. of an all-out war vs. Fake/Ghost receipts, he will launch another skirmish, this time against the Buyers. Notices will be served to shameless buyers who continuously patronize the fraudulent activities brought by these receipts.  The notices will be served by the National Task Force – Run After Fake Transactions (RAFT). Said task …

Department of Trade and Industry (DTI) Secretary Fred Pascual met with Australia’s Trade and Tourism Minister, Senator the Honorable Don Farrell and his delegation on 25 April 2023 to discuss enhancement of current relations in the context of ongoing discussions toward a strategic partnership.  Economic and trade relations with Australia are undertaken through bilateral and regional mechanisms such as the …

The Philippine Amusement and Gaming Corporation (PAGCOR) came up with another record-breaking income performance after it posted a total revenue of P17.70 billion for the first quarter of 2023, surpassing by 42.8% its P12.4 billion production during the same period last year.  Of the agency’s P17.70 billion income haul for the first three months of the year, P16.87 billion came …

The Securities and Exchange Commission (SEC) is increasing the fines and penalties to be imposed on corporations for the late and non-filing of certain annual reports, in an effort to boost compliance with reportorial requirements.  The Commission on April 26 issued for public comment draft guidelines on the updated scale of fines for the late and non-submission of audited financial statements …

Aside from offering job opportunities, the Department of Labor and Employment (DOLE) will put up over 20 “Kadiwa ng Pangulo para sa Manggagawa” outlets to mark Labor Day on May 1.  In a statement on Saturday, the DOLE said 21 Kadiwa stalls will be at the venues of job fairs nationwide starting Sunday for entrepreneurs to sell their goods directly …

The German Embassy Manila, in cooperation with the Clean, Affordable and Secure Energy (CASE) for Southeast Asia project, hosted the first edition of Climate Talks Philippines Manila at Yspace at the Yuchengco Museum in Makati City on April 18, 2023. The event, which carried the theme: “Responsible climate action and enabling decarbonization in the Philippine energy sector: Pathways for a …

The Department of Trade and Industry (DTI) welcomed on 21 April 2023 the World Bank report which reflected a significant improvement in the Philippines’ global ranking in the 2023 Logistics Performance Index (LPI). The survey was conducted from September 6 to November 5, 2022 and included 4090 assessments of 139 countries. From a middle third position at 60th spot among 160 …

With an overhauled all-Filipino line-up, Manila Chooks! got the exposure needed from the FIBA 3×3 Ulaanbaatar Super Quest, making head trainer Chico Lanete believe his charges are far from done. The Filipino 3×3 cagers are shifting their focus on the Manila Masters set next month at home soil, determined to live up to their lofty billing. “We need to focus …

The Subic Bay Metropolitan Authority (SBMA) is all set to kick-off a series of activities in celebration of Labor Day with the agency’s Labor Department spearheading the activities. According to Labor Department Manager Atty. Melvin Varias, this annual activity aims to strengthen the camaraderie between the employees of the SBMA and Subic Bay Freeport locators. Kicking off the series of …