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Louella Desiderio
Louella Desiderio
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More incentives for local auto makers sought
by Louella Desiderio - November 21, 2024 - 12:00am
The government is pushing for the passage of a bill that seeks to strengthen local vehicle manufacturing by providing increased support.
PEZA investment approvals hit P186 billion
by Louella Desiderio - November 21, 2024 - 12:00am
Investments approved by the Philippine Economic Zone Authority reached over P186 billion from January to November, surpassing last year’s total and keeping the investment promotion agency on track to hit its...
DTI slaps anti-dumping duties on Thai gypsum boards
by Louella Desiderio - November 21, 2024 - 12:00am
The Department of Trade and Industry has ordered the imposition of temporary anti-dumping duties on gypsum board imports from Thailand used for walls, ceilings and partitions, saying these products are hurting...
PEZA approves 3 new projects worth P98.4 million
by Louella Desiderio - November 21, 2024 - 12:00am
The Philippine Economic Zone Authority has approved three projects with combined investments of P98.43 million in renewable energy, manufacturing and information technology (IT).
BOI fast-tracks P4.46 trillion investments via green lane
by Louella Desiderio - November 21, 2024 - 12:00am
The Board of Investments has certified 167 projects worth P4.46 trillion for green lane processing as of November.
Toyota export revenues hit $665 million in 2023
by Louella Desiderio - November 20, 2024 - 12:00am
Toyota Group generated over $600 million worth of revenues from exports of automotive parts from the Philippines last year.
Venchi opens 1st Philippines store in BGC
by Louella Desiderio - November 19, 2024 - 12:00am
Italian chocolatier and gelato maker Venchi is making its sweet arrival in the Philippines today with the opening of its first store in Bonifacio Global City as it aims to tap into growing consumer demand.
New Peru port to boost trade with LatAm – DTI
by Louella Desiderio - November 18, 2024 - 12:00am
The Philippines expects its trade ties with Latin America to get a boost from the recently inaugurated Chancay Port in Peru.
DTI: Prices of 100 Noche Buena items up
by Louella Desiderio - November 18, 2024 - 12:00am
More than 100 shelf-keeping units of Noche Buena products have posted price increases, based on the price guide released by the Department of Trade and Industry.
Quezon City is top NCR economic contributor in 2023
by Louella Desiderio - November 17, 2024 - 12:00am
Quezon City had the biggest contribution to the economy of the National Capital Region in 2023, according to the Philippine Statistics Authority.
Philippines government, US, Peruvian businesses eye partnerships for SMEs
by Louella Desiderio - November 17, 2024 - 12:00am
The Philippine government and business leaders from the US and Peru are exploring potential collaborations to promote the development of small and medium enterprises, according to the Department of Trade and In...
FPI backs DTI probe on cement safeguard measure
by Louella Desiderio - November 16, 2024 - 12:00am
The Federation of Philippine Industries (FPI) has expressed support for the move of the Department of Trade and Industry (DTI) to investigate the imposition of safeguard measures on cement imports, with the step...
Auto sales zoom by 5 percent in October
by Louella Desiderio - November 16, 2024 - 12:00am
The country’s vehicle sales sustained an upward trend, accelerating by 4.9 percent in October from the previous year, with automotive firms having sufficient inventory to meet consumer demand.
CREATE MORE to support business expansion – PCCI
by Louella Desiderio - November 16, 2024 - 12:00am
The country’s largest business organization expects the approval of the CREATE MORE Act to enable businesses to expand and position the Philippines as a globally competitive investment destination.
‘Strong middle class key to AmBisyon Natin 2040’
by Louella Desiderio - November 15, 2024 - 12:00am
Building a strong middle class is necessary to realize the country’s long-term vision of a prosperous, predominantly middle-class society by 2040 or AmBisyon Natin 2040, according to the National Economic and...
PIDS: Economy to grow by at least 5.8% this year
by Louella Desiderio - November 15, 2024 - 12:00am
The Philippines is expected to post a faster growth of 5.8 to six percent this year from a year ago, with the expansion to be supported by government spending as well as consumption, according to the Philippine Institute...
‘Philippines startups need funding boost, tax incentives’
by Louella Desiderio - November 15, 2024 - 12:00am
The government needs to increase funding support and implement a special tax program for local startups to propel the growth of the country’s startup ecosystem, according to venture capital fund Gobi-Core Philippine...
Foreign investment pledges surge
by Louella Desiderio - November 15, 2024 - 12:00am
Investment commitments from foreign firms approved by investment promotion agencies jumped by 434.4 percent in the third quarter from a year ago, with the bulk going into manufacturing activities.
Indonesian firm keen on LNG projects in Philippines
by Louella Desiderio - November 14, 2024 - 12:00am
Indonesia’s state-owned oil and natural gas firm PT Pertamina is looking to take part in the country’s liquefied natural gas industry supply chain through various projects.
Philippines gets $750 million World Bank loan for digital infrastructure buildup
by Louella Desiderio - November 14, 2024 - 12:00am
The World Bank has approved a $750-million loan to support the Philippine government’s efforts to promote greater digital technology adoption to drive economic growth.
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