THE Philippines is banking on the development of infrastructure such as bridges and railways as it aims to reduce the cost of logistics from 25.5 percent to 15 percent of the total cost of goods, according to the Supply Chain Management Association of the Philippines (SCMAP). “That’s the target because…
STAKEHOLDERS including major digital platforms in the Philippines said the signing of the Internet Transactions Act (ITA) will help protect both online consumers and merchants and will propel the growth of digital economy. On Tuesday, President Ferdinand R. Marcos Jr. signed Republic Act No. 11967 or “An Act Protecting Consumers…
FILIPINO consumers already reeling from higher inflation could again be at the receiving end of the proposed increase in port storage fees, according to local economists. Former Tariff Commissioner George Manzano told BusinessMirror the increase in port storage fees could be inflationary, given the country’s dependence on imported goods. Manzano noted…
THE American Chamber of Commerce of the Philippines, Inc. (AmCham) said the Philippine Port Authority’s (PPA) proposed hike in storage fees for foreign containerized cargo is ill-timed as businesses are still recovering from the pandemic. “We have been lobbying against any kind of storage [fee] increases, it’s not just the…
THE European Chamber of Commerce of the Philippines (ECCP) on Tuesday expressed concern over the Philippine Ports Authority’s (PPA) proposed increase in storage charges for foreign containerized cargo, saying this will reduce the competitiveness of the Philippine market. “We need to ensure the competitiveness of the Filipino market so if…