Business & Economy

Korean buying mission to boost investments here

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The recent buying mission of South Korea’s largest association of importers is seen supportive of Department of Trade and Industry’s (DTI) objective to grow investment-led exports and to encourage investments into the tourism infrastructure.

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Fujifilm’s new facility starts operations

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CANLUBANG, Laguna—Fujifilm Corp. on Tuesday began full-scale operations at its P990 million (2.3 billion Yen) facility here, which is expected to address the growing demand for optical lenses worldwide.

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Tawi-Tawi, Sabah trade to resume

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ZAMBOANGA CITY -- Trade between ports in Tawi-Tawi and in neighboring Sabah, Malaysia will resume early next week following the establishment of a Temporary Passport Enrollment Center (TPEC) under the Department of Foreign Affairs (DFA).

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Philippines finds Okada may have violated laws over land

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Philippine investigators found evidence that Japanese billionaire Kazuo Okada used companies that aren’t qualified to develop a casino in Manila.

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Country tagged in US trade investigation

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WASHINGTON -- The US Commerce Department on Tuesday launched one of its biggest trade investigations in years into charges that manufacturers in South Korea, India and seven other countries are selling steel pipe used by oil and natural gas producers at unfairly low prices.

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DA working on 3 PPP projects

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MANILA -- The Department of Agriculture, through its Public-Private Partnership Unit (DA-PPP), is currently working on three major projects aimed at supporting the country’s agriculture and fisheries sector.

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Chinese, Filipino businessmen help ease political tension

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Chinese businessmen and the Philippine business community have spearheaded a move to bring President Aquino to 10th China-ASEAN Expo 2013 (CAEXPO) to be held in Nanning, Guangxi Province in September this year as business relations continue to flourish between the two countries amid the territorial dispute being faced by the two governments.

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New investments in Subic expand by 1,215%

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SUBIC BAY FREEPORT -- The Subic Bay Metropolitan Authority (SBMA) has reported a hefty increase of 1,215 percent in the amount of committed investments that came into this free port for the first half of the current year.

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Franchising growing 30% in 2014 but players cautioned on sustainability

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The number of franchisees in the country is expected to grow 30 percent next year from 20 percent this year with a “tsunami” of foreign companies swarming the local market even as local franchise leaders cautioned both foreign and local firms to be careful to ensure their sustainability.

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Local food exporters urged to take advantage of growing Jewish food market

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MANILA -– Filipino food exporters are encouraged to enter the kosher or Jewish food businesses to further increase their revenues because of the growing kosher market.

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