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Saturday, July 20, 2024

Economy & Trade

BIR seizes Flava machine selling illicit vape products

The Bureau of Internal Revenue (BIR) said Thursday Commissioner Romeo Lumagui Jr. led the confiscation of a vending machine openly selling illicit vape products under the Flava brand which the agency earlier ordered to cease operations. The confiscation was due to a report made by a netizen on Lumagui’s official Facebook page, it said. “Upon confiscation, it was discovered that Flava vape products were being sold for P500 each,” the BIR...

ADB, IMF maintain 2024 PH growth forecast at 6%

Both the Asian Development Bank and the International Monetary Fund expect the...

ADB, IMF see Philippines growing 6% in 2024

Both the Asian Development Bank and the International Monetary Fund expect the...

AMRO shaves 2024 PH growth forecast to 6.1% on soft Q1 figure

The ASEAN MacroEconomic Research Office (AMRO) reduced its 2024 growth forecast for...

LATEST Economy & Trade

LATEST

BOI hikes 2024 investment target to P1.6t

The Board of Investments (BOI) is revising its 2024 target investment approvals to P1.6 trillion from P1.5 trillion, following a strong first-half performance and...

Streamlined process under ATA Carnet System to boost PH exports—DTI

Trade Secretary Alfredo Pascual said the newly-launched ATA Carnet System is a “significant leap forward that will empower Philippine exporters to move goods across...

DTI, ADB in talks for $500-m funding for innovation program

The Department of Trade and Industry (DTI) is in discussions with the Asian Development Bank (ADB) to secure $400 million to $500 million in...

SEIPI pins hope on Tatak Pinoy Act to support growth

The Philippine semiconductor and electronics industry is pinning its hope on the newly-enacted Tatak Pinoy Act to bolster local parts production, potentially curbing the...

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