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Philippines
Wednesday, December 25, 2024

Economy & Trade

Reduced tariff under PH-Korea free trade takes effect Dec. 31

The Philippines-South Korea Free Trade Agreement takes effect on Dec. 31, 2024, immediately reducing tariffs by 6 percent on major products, providing a significant advantage to Filipino exporters. “Upon effectivity, South Korea will grant preferential duty-free entry on 11,164 Philippine tariff lines accounting for $3.18 billion or 87.4 percent of total South Korean imports from the Philippines,” said Department of Trade and Industry Undersecretary for International Trade Group (ITG) Allan...

PEZA eyes 30 new economic zones in 2025

The Philippine Economic Zone Authority (PEZA) expects President Ferdinand Marcos Jr. to...

Gov’t secures $5.67b in ODA financing for infra projects

The government secured concessional official development assistance (ODA) financing and grants from...

Green lane projects key to hitting investment goal

The Board of Investments (BOI) said the pending green lane projects will...

PH, Hungary explore areas of cooperation

The Philippines and Hungary held a progress assessment of their bilateral relations,...

PH foreign debt jumped 17% to $139.6b

The country’s foreign debt surged 17.5 percent to $139.64 billion as of...

Reduced tariff under PH-Korea free trade takes effect Dec. 31

The Philippines-South Korea Free Trade Agreement takes effect on Dec. 31, 2024, immediately reducing tariffs by 6 percent on major products, providing a significant advantage to Filipino exporters. “Upon effectivity, South Korea will grant preferential duty-free entry on 11,164 Philippine tariff lines accounting for $3.18 billion or 87.4 percent of total South Korean imports from the Philippines,” said Department of Trade and Industry Undersecretary for International Trade Group (ITG) Allan...

PEZA eyes 30 new economic zones in 2025

The Philippine Economic Zone Authority (PEZA) expects President Ferdinand Marcos Jr. to...

Gov’t secures $5.67b in ODA financing for infra projects

The government secured concessional official development assistance (ODA) financing and grants from...

Green lane projects key to hitting investment goal

The Board of Investments (BOI) said the pending green lane projects will...

LATEST Economy & Trade

LATEST

IMF expects PH economy to grow faster next 2 years

The International Monetary Fund (IMF) expects the Philippine economy to grow faster in 2025 and 2026 on the back of higher spending and slower...

Packworks study: Filipinos rely more on seasoning mixes to stretch budget

A recent study by Packworks, a leading B2B small store supply platform, reveals that Filipino households are increasingly relying on seasoning mixes to stretch...

BOI sees investments hitting P1.75t in 2025

The Board of Investments (BOI) said Friday it expects investment approvals to hit P1.75 trillion in 2025, an 8 percent increase over the record-breaking...

DTI vows to monitor sale of firecrackers

The Department of Trade and Industry (DTI) and the Fair Trade Enforcement Bureau said they will intensify efforts to curb the proliferation of uncertified...

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