Other Export News – Page 3

22nd June 2023

PBBM Encourages Public-Private Collaboration for Jobs

President Ferdinand “Bongbong” Marcos Jr. (PBBM) welcomes the plan to implement the Private Sector Jobs and Skills Corp (PSJSC) to reform the skills of the Filipino workforce, address jobs, the mismatch of skills, and provide additional employment for the Filipinos.

In the meeting with the Private Sector Advisory Council-Job Sector Group (PSAC-JSG) on 18 May 2023 at Malacañang, PBBM emphasized the need for the collaboration of the government and private sector to generate more jobs.

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Shrimp Industry to boost in 2023

The Philippines’ seafood industry, particularly shrimp, is eager to boost and relive the Asian countries’ presence in the global market this year. Fisherfarms, one of the largest seafood processors in the Philippines, in its participation in the Seafood Expo Global 2023, targets to reach its shrimp production to 40,000-50,000 metric tons annually.

22nd June 202327th June 2023

PHILEXPORT remains EDC’s Accredited Export Organization (AEO)

In
Photo PHILEXPORT receiving the Certificate of Accreditation from EDC (from left to right): Mr. Philip Young, Mr. Anton Sayo, Mr. George Barcelon, Sec. Alfredo Pascual,
Mr. Robert Young, Ms. Flordeliza Leong, DED Elsa Valenzuela, Asec. Glenn Penaranda.

The Philippine Exporters Confederation, Inc. (PHILEXPORT) remains to be the leading and dominant export organization recognized by the government, as the Export Development Council (EDC) unanimously approved the renewal of its accreditation during the Joint Council and Executive Committee meeting on 19 May 2023, chaired by Trade Secretary Alfredo E. Pascual and attended by both public and private sector members.

22nd May 2023

Expansion of PH Trade and Investment expected upon RCEP full implementation by June 2

Department of Trade and Industry (DTI) Secretary Alfredo Pascual announced that the Regional Comprehensive Economic Partnership (RCEP) pact among 15 economies in the Asia Pacific region is to take effect on 02 June 2023. The full implementation of RCEP will help expand the trade and investment to all signatory countries within 20 years, including eliminating tariff rates — or the taxes imposed on imported products — on 90% of goods.

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DOT prides on five-year plan for PH Tourism transformation to be Asia’s tourism powerhouse

Department of Tourism (DOT) OIC Undersecretary for Tourism Development Planning, Verna Covar-Buensuceso presented the DOT’s future plans including the completion of the National Tourism Development Plan (NDTP) 2023-2028 which envisions to transform the Philippines Tourism into a tourism powerhouse in Asia.

Usec Buensuceso cited that the NDTP aims to establish a Philippine tourism industry anchored on Filipino culture, heritage and identity, aims to be sustainable, resilient and competitive in order to transform the Philippines into a tourism powerhouse in Asia.

13th April 2023

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.

13th April 202313th April 2023

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.

20th March 2023

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.

20th March 2023

BSP expects 6% GDP growth by the end of the year

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.

3rd February 2023

Welcome EDC Chair, DTI Secretary Alfredo Pascual!

Welcome EDC Chair, Secretary Alfredo Pascual! Both the Public and Private Members of the Export Development Council (EDC), Executive Committee, as well as the Networking Committees (NCs) Chairmen, warmly welcomes the new EDC Chairman, DTI Secretary Alfredo E. Pascual during its first meeting held last 27 January 2023 at the Board of Investments Building, Makati City.