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The Philippines was named as “best” diving destination by a group of foreign diving enthusiasts. According to the Department of Tourism (DOT), the country was hailed as Best Dive Destination during the Diving, Resort and Travel Show in Malaysia last Feb. 24 to 26. The Philippines defeated Malaysia, Indonesia, Japan and Maldives in getting the recognition from what was considered …

Mayor Sebastian “Baste” Duterte and the City Government of Davao hosted the #MICECON2023 Mayor’s Night Dinner featuring the 11 tribes of Davao at SM Lanang Premier. MICECon is one of the most sought-after events this year as it knits together all sectors involved in the MICE industry. Happening until March 3 at SMX Convention Center Davao.

In line with President Ferdinand Marcos Jr.’s commitment to attain food security for the country, the Department of Agriculture’s Agricultural Credit Policy Council (DA-ACPC) has launched the Agri-Negosyo (ANYO) Loan Program for Onion Farmers to provide local producers easy access to credit loans for facilities, machineries, and other equipment. The DA-ACPC’s loan program will pave the way for affordable yet …

Prominent Filipino women – some coming from indistinguishable family lineage – have been recorded in the annals of Philippine history, making their mark in various fields and throwing women power into the limelight through the decades. Starting with Filipinas who played important roles in the Katipunan – Gabriela Silang, Gregoria de Jesus, Leona Florentino, Teresa Magbanua and Marina Dizon – …

Officials at the Intellectual Property Office of the Philippines (IPOPHL) and the multinational consumer goods company Procter and Gamble (P&G) met in January 2023 to work jointly towards measures that would help business owners better protect their brands against intellectual property (IP) infringing activities. Headlining the P&G delegates were Senior Vice President Shelley Duggan, Director and Assistant General Counsel Zaheera …

The National Economic and Development Authority (NEDA) maintains its resolve to address high inflation and sustain the country’s rapid recovery in the year ahead amid challenges in domestic and global markets.   On February 28, 2023, the Development Budget Coordination Committee (DBCC) briefed the House Committee on Appropriations on the country’s current macroeconomic situation and growth prospects in light of …

The Department of Trade and Industry – Fair Trade Enforcement Bureau (DTI-FTEB) outlines its 2022 initiative upturns as the implementing arm mandated to regulate businesses; handle complaints and provide redress; conduct market surveillance to determine price and supply availability; and enforce trade and industry laws including compliance to standards.  Last year, the DTI-FTEB issued a total of 40,855 licenses, permits, …

The Bases Conversion and Development Authority (BCDA) is seeking to harness the potential of the New Clark City into a smart, sustainable and inclusive one that could help in accelerating growth in Central Luzon. This is anchored on the economic agenda and the Build Better More program of the Marcos administration. BCDA president and chief executive officer Aileen R. Zosa …

President Ferdinand Marcos, Jr. together with Department of Trade and Industry (DTI) Secretary Fred Pascual spearheaded the distribution of assistance for MSMEs on 27 February 2023. The assistance given is part of DTI’s Pangkabuhayan sa Pagbangon at Ginhawa (PPG) program, which aims to capacitate and assist existing and future micro, small, and medium enterprises (MSMEs) through the provision of kits …

The decline in United States’ equity markets last week, along with hawkish signals from Federal Reserve officials, resulted in the negative close of the local bourse’s main index on Monday and the weakening of the peso. The Philippine Stock Exchange index (PSEi) shed 1.29 percent, or 86.56 points, to 6,599.34 points. All Shares followed with a drop of 1.12 percent …