De minimis increase to P10,000 Export Development Council News October 18, 2016 Imported goods valued at P10,000 and below are no longer subject to duties and taxes pursuant to the Customs Administrative Order (CAO) No. 2-2016. The CAO implements the de minimis provision of the Customs Modernization and Tariff...

Merchandise Trade Recovers in August 2016 National Economic and Development Authority October 13, 2016 MANILA – Total merchandise trade grew by 4.7 percent in August 2016, rebounding from the previous month’s 6.6 percent decline, according to the National Economic and Development Authority (NEDA). Based on a report by the...

Electronic products remained to be the country’s top exports as the sector grew by 11.6% from US$2.359 billion in 2015 to US$ 2.633 billion this year accounting for 53.7% of the total export revenues in August 2016, according to the recent report issued by the Philippine Statistics Authority (PSA). ...

DTI holds 1st Packaging and Labeling Summit for MSMEs’ Business Mirror October 12, 2016 THE Department of Trade and Industry, through the Export Marketing Bureau (DTI-EMB), held the first Philippine Packaging and Labeling Summit under the Philippine Export Competitiveness Program (PECP), with a theme dubbed as “Enhancing Competitiveness through...

The Philippines as ‘Franchise Hub of Asia’ Business Mirror October 12, 2016 WITH the Philippines’s growing economy thriving on the ingenuity of micro, small and medium enterprises (MSMEs) and talents of young entrepreneurs, the franchising industry remains a viable investment option—more so, with the projected growth of up to...