Thursday, March 4, 2021
Home Economy

Economy

Economy

16 port projects for inauguration this year

As of December 2020, the Philippine Ports Authority has completed 27 port projects, 16 of which are for inauguration in 2021 36 port...

PPA sees 7% cargo growth with easing of restrictions

Cargo volumes are expected to grow by 7% this year, and by 1% and 3% by 2022 and 2023, respectively Philippine Ports Authority...

Port stakeholders blame Cebu truck bans for logistics woes

With various truck bans in effect in Cebu, truckers are having difficulty fulfilling deliveries and exporters forced to take “a lot of added...

Q4 domestic trade remains in double-digit contraction

Philippine domestic trade posted double-digit declines in quantity and value in the fourth quarter of 2020, declining 38.8% in quantity and 53.5% in...

BOC collects P46.1B in Feb, 9.5% above target

The Bureau of Customs collected P46.145 billion in February 2021, 9.5% higher than the target Ten of 17 collection districts surpassed their monthly...

PH exports to UK to remain tariff-free

Philippine exports under the EU Generalized Scheme of Preference Plus (GSP+) scheme will continue to enter the UK tariff-free this year despite Brexit ...

PH manufacturing posts sustained growth in Feb

Operating conditions of Philippine manufacturing sector continued to improve in February 2021 with the Philippine Purchasing Managers’ Index at 52.5, the same as...

BOC moves to tighten watch over pork, poultry shipments

All Bureau of Customs collection districts are required to submit daily reports of meat and poultry importations for monitoring In place is a...

Under DOF express lane, COVID vaccine imports enjoy quick tax, duty exemption processing

All importations of COVID-19 vaccines will be included in the Department of Finance (DOF) express service lane, also called the Mabuhay Lane, to...

No MGCQ for PH unless there’s COVID vaccine

President Rodrigo Duterte said the Philippines should not be placed under the less stringent modified general community quarantine (MGCQ) unless vaccines for the...