Category: Business
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Chinese Electric Vehicle Brand Omoda & Jaecoo Plans to Expand with 24 Dealerships in the Philippines by 2025
On February 18, 2025, the Chinese electric vehicle manufacturer Omoda & Jaecoo kicked off its operations in the Philippines with a grand opening at the BGC Arts Center in Taguig City. The event marked the launch of three new fully electric models: C5, E5, and EJ6, priced between PHP998,000 and PHP1.799 million. The launch comes…
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Philippines Reiterates Dedication to Human Rights at UN Meeting
The Philippine government has reaffirmed its dedication to human rights and inclusive growth during a constructive dialogue with the United Nations Committee on Economic, Social and Cultural Rights in Geneva, Switzerland, scheduled for February 18 to 19, 2025. Leading the Philippine delegation is NEDA Undersecretary Rosemarie Edillon, accompanied by Ambassador Carlos Sorreta, the Permanent Representative…
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PAGCOR Commits to Ongoing Support for Special Class BPOs in the Philippines
MANILA – The Philippine Amusement and Gaming Corporation (PAGCOR) has reaffirmed its dedication to supporting Special Class Business Process Outsourcing (SCBPO) companies, emphasizing their significant role in job creation for Filipinos. PAGCOR’s chair and CEO, Alejandro Tengco, expressed gratitude towards foreign investors for recognizing the exceptional skills of Filipino workers who deliver top-notch outsourced services.…
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PAGCOR Commits to Ongoing Support for Special Class BPOs in the Philippines
MANILA – The Philippine Amusement and Gaming Corporation (PAGCOR) has reaffirmed its commitment to supporting Special Class Business Process Outsourcing (SCBPO) companies, emphasizing their significant role in job creation for Filipinos. PAGCOR’s chair and CEO, Alejandro Tengco, expressed gratitude towards foreign investors for recognizing the exceptional skills of Filipino workers who deliver top-notch outsourced services.…
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Philippine Business Leader Optimistic About High-Level Investments and Partnerships
Jaime Augusto Zobel de Ayala, the influential chairman of Ayala Corporation, expressed a strong belief in the Philippines’ potential for growth and readiness for significant investments and partnerships. Speaking at a recent board meeting of the US-Philippines Society (USPS) in Makati City, Zobel de Ayala, often referred to as JAZA, encouraged businesses to tap into…
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Philippine Stock Market Rises Post CREATE MORE Act IRR Signing, Peso Declines
In Manila, the Philippine Stock Exchange index (PSEi) saw a significant increase on Tuesday, buoyed by the recent signing of the implementing rules and regulations (IRR) for the CREATE MORE Act, aimed at corporate recovery and tax incentives. The PSEi closed at 6,094.96, marking a 1.69 percent rise, while the All Shares index also advanced…
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Philippine Treasury Successfully Allocates Reissued 10-Year Bond
The Philippine Bureau of the Treasury (BTr) announced the complete allocation of the reissued 10-year Treasury bond on Tuesday. The bond, which now has a remaining term of eight years and eleven months, was sold at an average yield of 6.118 percent. This rate marks a decrease from the 6.251 percent yield recorded during its…
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New Incentives Program to Boost Automotive Manufacturing in the Philippines
The Department of Trade and Industry (DTI) in the Philippines is on the verge of launching a new initiative aimed at drawing automotive manufacturers to establish their production facilities within the country. This new program, named Revitalizing the Automotive Industry for Competitiveness Enhancement (RACE), is a revamped version of the earlier Comprehensive Automotive Resurgence Strategy…
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Philippines to Launch Global Investment Roadshows After CREATE MORE IRR Signing
Following the recent signing of the implementing rules and regulations (IRR) for the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE), the Philippine government is set to embark on a series of international investment roadshows. Frederick Go, the Special Assistant to the President for Investment and Economic…
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Philippine Government Agencies Finalize CREATE MORE Act Regulations to Boost Investment
In a significant move to enhance the country’s investment climate, key government officials, including Finance Secretary Ralph Recto and Trade Secretary Ma. Cristina Roque, have signed the implementing rules and regulations (IRR) for the CREATE MORE Act. The signing took place on February 17, 2025, and was attended by notable figures such as Senator Sherwin…
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