PH commits to signing RCEP trade pact by November
MANILA, Philippines — The Philippines has committed to sign an Asia-wide trade deal involving 15 countries by November. In a statement Wednesday, the Department of Trade and Industry (DTI) said…
DOJ says NBI, AMLC, BI to probe Wirecard controversy
MANILA, Philippines — Justice Secretary Menardo Guevarra on Wednesday ordered the National Bureau of Investigation (NBI) to identify certain individuals involved in alleged accounting irregularities in Wirecard AG, which reportedly…
Gov’t loans push PH dollar reserves to historic high in May
The Philippines’ dollar reserves hit a historic high in May —at the peak of the COVID-19 lockdown—thanks to inflows from the government’s foreign borrowings, as well as foreign exchange earnings…
COVID-19 impact: DOLE sees 40% drop in OFW remittances for 2020
MANILA, Philippines — The Department of Labor and Employment (DOLE) is seeing a decrease in remittances from overseas Filipino workers (OFWs) by up to 40 percent or around $13 billion…
Grab Philippines urges review of cashless payment policy
MANILA, Philippines — While backing moves to make transactions cashless amid the pandemic, Grab Philippines country manager Brian Cu said Wednesday that the policy needs to be reviewed as the…
DTI lifts purchase limits for face mask, alcohol, other essential items
MANILA, Philippines — The Department of Trade and Industry (DTI) has lifted limits in the purchase of essential items such as face masks, alcohol, and some food items as inventories…
SEC wants independent directors to control exchanges’ board majority
Securities and Exchange Commission (SEC) logo The Securities and Exchange Commission (SEC) plans to require local exchanges and other organized markets to reserve at least a majority of the corporate…
Japanese manufacturers use creativity, expertise to pitch in amid pandemic
TOKYO — In response to the coronavirus epidemic, small and medium-sized companies in Japan are developing new products one after another, using their established technologies and know-how to help prevent…
Alliance of airlines, travel firms and hotels to boost domestic tourism in Vietnam, experts say
Passengers enjoy Phú Quốc Island from a cable-car system linking An Thới Township with Thơm Island in Phú Quốc Island District, the southern province of Kiên Giang. — VNS Photo…
Cheaper airfares, hotel rooms to boost domestic travel in Malaysia, says industry leader
GEORGE TOWN, Malaysia — Cheaper domestic airfares will be an added boost to the tourism industry as hotel booking statistics showed that many families are price conscious. Malaysian Association of…