Business & Economy

PH franchisers expecting up to 20% increase in gross sales

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The Association of Filipino Franchisers Inc. (AFFI) is expecting member companies to enjoy a collective increase in gross sales up to 20 percent, reaching close to P130 billion worth of gross sales, a top official said.

Read more: PH franchisers expecting up to 20% increase in gross sales

Gov’t to launch by yearend online system for processing import permits

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The government will roll out by yearend TradeNet, an integrated online system to process import permits across over 60 agencies, as part of ongoing efforts to further improve the ease of doing business, Finance Secretary Carlos G. Dominguez III said Monday, Sept. 11.

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Toys “R” Us files for bankruptcy

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NEW YORK -- Retailer Toys “R” Us has filed for Chapter 11 bankruptcy protection in a US court, the company said, amid heavy debt and a tough environment for bricks and mortar stores.

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DOF: PH fast-tracks big-ticket infra projects to be funded by China

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The Philippine government has streamlined the approval process for the big-ticket infrastructure projects to be funded by China in order to fast-track their implementation, the Department of Finance said Tuesday, Sept. 12.

Read more: DOF: PH fast-tracks big-ticket infra projects to be funded by China

MU readies protest actions vs compressed work week bill

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Labor group Kilusang Mayo Uno (KMU) is readying bigger protest actions to oppose and foil the passage of a compressed work week bill and other flexible work schemes that violate workers’ rights.

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Metro Manila subway plan, other projects OKd at Neda meeting

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The National Economic Development Authority (Neda) Board on Tuesday, Sept. 12, approved 12 projects, including the Metro Manila Subway Project.

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Royal Caribbean Cruises, STI to build school for seafarers

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Leading global cruise operator Royal Caribbean Cruises Ltd. (RCL) is betting big on Philippine human resources by teaming up with STI Education Services Group Inc. (STI ESG) to build a world-class training center for seafarers in Manila.

Read more: Royal Caribbean Cruises, STI to build school for seafarers

PH continues to press Australia to allow it to export bananas

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Trade and Industry Secretary Ramon Lopez wants to export Philippine bananas to Australia, reiterating a call to allow market entry after the Australian government has kept its doors barred for more than two decades.

Read more: PH continues to press Australia to allow it to export bananas

DOF chief: Stock market highs reflect investor confidence

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Despite issues on the human rights situation in the country, the head of the Duterte administration’s economic team pointed to the strong stock market performance in recent weeks as reflecting investor sentiment.

Read more: DOF chief: Stock market highs reflect investor confidence

US execs still bullish on PH despite Duterte pivot to China

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American senior executives polled in a recent survey expressed plans to expand their business operations in the Philippines this year as their “level of confidence” was considered among the highest in the Asean despite seeing a slight decline from a year ago.

Read more: US execs still bullish on PH despite Duterte pivot to China

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