PHILIPPINE AIRLINES (PAL) on Tuesday said it is ready to offer nonstop flights after the government allowed the visa-free entry of returning Filipinos or “balikbayans” beginning Dec. 7. “We are ready to do our part to serve our balikbayans and…
Emperador sees further expansion of brandy business in the US next year
LIQUOR MANUFACTURER Emperador, Inc. is continuing the expansion of its brandy products in North and South America for 2021 despite the challenges posed by the coronavirus disease 2019 (COVID-19) pandemic. In a stock exchange disclosure on Tuesday, the Andrew L.…
House approves AMLA amendments on final reading
THE House of Representatives on Tuesday approved on third and final reading the bill amending the Anti-Money Laundering Act (AMLA), which is crucial for the Philippines to avoid being included in the Financial Action Task Force’s (FATF) so-called “gray list.”…
Customs exceeds reduced target in November
By Beatrice M. Laforga, Reporter THE Bureau of Customs (BoC) collected P44.69 billion in November, exceeding the revised target for the sixth consecutive month, but it was still lower than year-ago level as imports remained weak amid the pandemic. In…
19M workers need upskilling amid automation
MORE THAN 19 million Filipino workers will need additional training as more jobs are expected to be displaced by automation, McKinsey & Company said. McKinsey & Company Senior Partner Kaushik Das said on Tuesday that the manufacturing, accommodation and food…
CREATE may dim prospects for electronics industry
Electronics exports are expected to decline by 5% this year. — REUTERS THE electronics exports industry is pessimistic about the longer-term growth prospects of the sector, once the measure rationalizing tax incentives is signed into law. “I’m not optimistic after…
PHL economy may fare worse with RCEP — experts
The Philippines is hoping to benefit from the Regional Comprehensive Economic Partnership, a trade pact that includes China, Australia, New Zealand, Japan, South Korea and member countries of the Association of Southeast Asian Nations. — PHILIPPINE STAR/MICHAEL VARCAS By Jenina…
Factory activity nears stabilization
Employees work at an electronics factory in Malvar, Batangas, Aug. 10, 2018. — REUTERS/ERIK DE CASTRO By Beatrice M. Laforga, Reporter FACTORY ACTIVITY in the Philippines inched closer to stabilization in November, after output rose for the first time in…
Manufacturing purchasing managers’ index of select ASEAN economies, November (2020)
FACTORY ACTIVITY in the Philippines inched closer to stabilization in November, after output rose for the first time in five months and the rate of job losses slowed, a survey conducted by IHS Markit showed. Read the full story.
Local gov’ts have final say on letting minors in malls
LOCAL governments must first pass an ordinance containing guidelines before minors will be allowed to go to shopping malls, Interior and Local Government Secretary Eduardo Año said on Tuesday. The national government has given the go signal for a gradual…