The Commission on Elections (COMELEC) and the Anti-Red Tape Authority (ARTA), together with the Department of Information and Communications Technology (DICT), the Philippine National Police-Firearms and Explosives Office (PNP-FEO), Landbank, and the Semiconductor industry, will create a Technical Working Group (TWG) to streamline and harmonize PNP processes on the application of the Certificate of Authority to Transport (CA-TT).
Continue reading “COMELEC and ARTA partners toward streamlining processes during COMELEC Gun Ban”PH hosted the first International Ecotourism Travel Mart (IETM)
The Philippines hosted the first International Ecotourism Travel Mart (IETM), that brings together individuals, experts, organizations, ecotourism practitioners, advocates and exhibitors to learn and network across cultures and showcase products and services that have strong economic components, green technology, and sustainable green practices.
Continue reading “PH hosted the first International Ecotourism Travel Mart (IETM)”Boost in PH Foreign Trade noted in 2022
The Philippine Foreign Trade boosted by 12.9%, amounting to $216.20 billion in 2022 from $191.58 billion in 2021. However, the imports further broadened the country’s trade gap by 38%, according to the Philippine Statistics Authority (PSA) data.
Continue reading “Boost in PH Foreign Trade noted in 2022”BOC and ARISE+PH: AEO Program addresses Security Measures with Mutual Recognition
To boost export competitiveness of Philippine products, the Bureau of Customs (BOC) together with ARISE+ PH advocates for the nationwide information campaign on the implementation of the Authorized Economic Operators (AEO) Program. Several countries, including Indonesia, Moldova, and the EU, shared their learnings and experiences on the AEO Program during the workshop.
Continue reading “BOC and ARISE+PH: AEO Program addresses Security Measures with Mutual Recognition”Regional Container Line (RCL) explores trade opportunities in BARMM
A delegation from the Regional Container Line (RCL), headed by its Mr. Abdul Razak Bin Atan (Regional Head of South East Asia) visited Cotabato City in February to assess the potential trade/cargo traffic to/from BARMM and its environs with the objective of establishing a shipping route between Singapore and Cotabato City. This effort is part of RCL’s initiative of expanding its service to the Philippines by looking at opportunities in Mindanao especially in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM).
Continue reading “Regional Container Line (RCL) explores trade opportunities in BARMM”RCEP ratification foresees massive export and import growth
The Senate concurred voting 20-1-1 on the ratification of the Regional Comprehensive Economic Partnership (RCEP), the world’s largest Free Trade Agreement (FTA) by far among Asia-Pacific nations, on 21 February 2023. The RCEP is a Free Trade Agreement (FTA) that aims to establish a modern, comprehensive, high-quality, and mutually beneficial economic partnership framework to liberalize and facilitate trade in goods and services. It will also create a liberal, facilitative, and competitive regional investment. Economists supported this, particularly the National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan, who is optimistic that this FTA will fuel the Philippines’ economic growth.
Continue reading “RCEP ratification foresees massive export and import growth”BIR mandated to handle DOF OSS on tax credit and duty drawback
President Ferdinand R. Marcos, Jr. on his administration’s policy in right sizing bureaucracy, and on the recommendation of Sec. Benjamin Diokno ordered the abolishment of the DOF (Inter-Agency Tax Credit and Duty Drawback Center) OSS Center) and transfers the mandate to the Bureau of Internal Revenue (BIR) and Bureau of Customs (BOC), to assure the orderly and expeditious processing of tax credits and duty drawbacks under various laws.
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Bangko Sentral ng Pilipinas (BSP) Governor Dr. Felipe M. Medalla reported in depth the topic “In Pursuit of Price Stability Challenges and Opportunities,” highlighting that the country’s gross domestic product (GDP) is expected to increase up to 6% amidst pent-up demand together with the target range of easing the inflation within the two to four percent by the end of the year 2023.
Continue reading “BSP expects 6% GDP growth by the end of the year”Philippines’ VAT refund for Tourists expects to boost Tourism in 2024
President Ferdinand Marcos Jr. has approved the value-added tax refund program for tourists for implementation by 2024, which aims to attract more foreign visitors.
Continue reading “Philippines’ VAT refund for Tourists expects to boost Tourism in 2024”DOF and DICT officially ink TradeNet agreement
The Department of Finance (DOF) and the Department of Information and Communications Technology (DICT) signed the Memorandum of Agreement (MOA) on the full implementation of the TradeNet system. This is a significant way forward in onboarding all 73 Trade Regulatory Government Agencies (TRGAs).
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