September, 2023

• 12 September

  Jetour sets skills tourney

  

  Jetour Philippines held the 1st JAPI Aftersales Skills Competition recently that aimed to promote camaraderie within the dealer network while showcasing the highest standards of aftersales service.  Representatives from each dealership underwent written examinations to test their knowledge about the Jetour product lineup and the brand’s values and standard operating practices.  The JAPI technical team then conducted practical exercises to …

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• 12 September

  Isuzu renews ties with school

  

  Isuzu Philippines Corporation (IPC) and the Jacobo Z. Gonzales Memorial School of Arts & Trade (JZGMSAT) signed a memorandum of agreement renewing its partnership for quality education and knowledge-sharing. Led by IPC president Tetsuya Fujita and IPC executive vice president Shojiro Sakoda, they turned over a new 4-post lifter with wheel aligner, and one unit of Isuzu D-Max pick-up, to …

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• 11 September

  Philippine trade deficit drops 30% in July

  

  The country’s trade deficit narrowed anew in July, Philippine Statistics Authority (PSA) data showed. In a report released Friday last week, the PSA said the trade deficit during the month dropped by 30 percent to USD4.2 billion from USD5.9 billion in July last year. It was, however, slightly higher than the USD3.9 billion trade deficit in June this year. The …

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• 11 September

  NEDA assures government taking steps to ensure food security, assistance to farmers

  

  The National Economic and Development Authority (NEDA) assures the public that the government will strengthen its measures to ensure food security, protect consumers, and provide assistance to farmers.  The Philippine Statistics Authority reported today that inflation in August rose to 5.3 percent from 4.7 percent in July 2023, bringing the year-to-date inflation to 6.6 percent. This development is mainly due …

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• 11 September

  Government actively mitigating inflationary impact

  

  The country’s headline inflation rate rose to 5.3 percent in August 2023 from the 4.7 percent recorded in the previous month. This brings the  year-to-date inflation rate to 6.6 percent, higher than the Development Budget Coordination Committee (DBCC) assumption of 5.0 to 6.0 percent for full year 2023. “The government is resolute in its commitment to mitigate the impact of …

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• 11 September

  BSP selects technology for pilot CBDC project

  

  The Bangko Sentral ng Pilipinas (BSP) has selected Hyperledger Fabric as the distributed ledger technology (DLT) for its wholesale Central Bank Digital Currency (CBDC) pilot project: Project Agila, formerly known as Project CBDCPh. Project Agila aims to orient the BSP and participating financial institutions on CBDC technology solutions that have the potential to enhance the country’s large-value payment system. With …

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• 11 September

  PEZA, BOC ink data sharing deal

  

  Philippine Economic Zone Authority (PEZA) Director General Tereso O. Panga and Bureau of Customs (BOC) Commissioner Bienvenido Y. Rubio recently solidified a legacy reform project through the signing of a Data Sharing Agreement for the further enhancement of the monitoring of movements of ecozone goods under the Electronic Transfer of Containerized Cargo (E-TRACC) system.  Launched in 2020 through Customs Memorandum …

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• 11 September

  Six investment scammers convicted

  

  The Securities and Exchange Commission (SEC) has successfully secured the conviction of six individuals involved in an investment scam operated by GDM Finance SARL, marking the 22nd conviction for violations of the country’s securities law. In a joint decision dated April 17, the Pasig City Regional Trial Court Branch 158 found Anita E. Armada, Milany P. Cabrera, Josephine D. Maranan, …

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• 11 September

  Strategic national investments vital in rebuilding resilient post-pandemic health sector

  

  The National Economic and Development Authority (NEDA) underscored the need for strategic national investments to promote human and social development in rebuilding a resilient, post-pandemic health sector.   During a high-level meeting between the Philippine government and the World Bank on Health Sector Rebuilding, held on September 5, 2023, Department of Health (DOH) Secretary Teodoro J. Herbosa presented the DOH’s …

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• 11 September

  PPP Center, NPC conduct market sounding for AHP project

  

  With assistance from the Public-Private Partnership (PPP) Center, the National Power Corporation (NPC) conducted on September 7, 2023 its market sounding activity for its Accelerated Hybridization Project (AHP), which it intends to undertake through private sector participation. The activity was conducted at the Fiesta Hall of the National Power Corporation Building in Quezon City. The AHP, which will utilize renewable …

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