BusinessWorld
May 2, 2021 | 7:16 pm
COMPANY HANDOUT
THE HOUSE Transportation Committee started discussing on Friday two proposed measures seeking to regulate the charges imposed by international shipping lines.
Transportation Committee Chairman Edgar Mary S. Sarmiento said it was “urgent” to hear the two bills filed with his committee because of rising shipping costs.
House Bill No. 4316 filed by Bagong Henerasyon Party-list Rep. Bernadette Herrera-Dy seeks to regulate the application of fees charged at origin and destination by shipping companies.
House Bill No. 4462 filed by Ang Probinsyano Party-list Rep. Ronnie L. Ong seeks to empower the Maritime Industry Authority (MARINA) to ensure fairness and transparency in shipping charges levied by forwarders and agents of international shipping lines.
Published January 20, 2021, 4:56 PM
The Export Development Council (EDC) has approved a revised Philippines exports growth target to $105 billion by 2022 or 19.23 percent lower than the original forecast of $130 billion taking into consideration impact of pandemic and weaker global demand.
“The revised targets are lower than the original targets where export levels were originally projected to reach over $130 billion by 2022,” said Trade and Industry Secretary Ramon M. Lopez.
In this revised set of targets, Lopez said the country’s exports will reach $105 billion by 2022, but still growing from $91.7 billion in 2021.
Given the height of the lockdown and the pandemic in 2020, he said, estimated exports decline for that year is at negative 13.5 percent
Published December 14, 2020, 5:30 AM
The Department of Trade and Industry (DTI) has named Universal Robina Corporation (URC) as the country’s top exporter for the processed food and beverage sector at the National Export Congress held this month.
In a statement, URC said it was cited based on the value of its export transactions provided by the Philippine Statistical Authority (PSA) for 2019.The company’s export transactions reached approximately US$30 million last year.
URC Vice President for Global Exports and Frontier Markets Brian Go
“This recognition for our hard work and dedication to our customers is especially meaningful, given the challenges businesses, and our nation as a whole, are facing because of the Covid-19 pandemic,” said URC Vice President for Global Exports and Frontier Markets Brian Go.
Published December 11, 2020, 7:00 AM
The Board of Investments (BOI) expects to sustain its P1 trillion investment generation level next year and growth in exports albeit at a slower pace.
Trade and Industry Secretary Ramon M. Lopez, who is also chair of the BOI, said that despite the challenges of the pandemic, the government’s premier investment generating and promotion agency is still seeing significant inflows.
Trade and Industry Secretary Ramon M. Lopez (Bloomberg file photo)
“Investment approvals have already reached US$15B so far this year and we expect more than a P1 trillion or over $20 billion by 2021 with potentially over 34,000 jobs generated,” he said at the Manufacturing Summit.