• 04 July 2015
MANILA, July 4 --  President Benigno S. Aquino III has issued Executive Order 185, modifying tariff rates on certain imported products, particularly environmental goods, as part of the country's commitment to the Asia-Pacific Economic Cooperation (APEC). The order, signed by the President last June 26, says that articles listed in Annex A of EO 185 as classified under Section 104 of the Tariff and Customs Code of the Philippines, as amended, shall be subject to the most-favored nations (MFN) rate duty. The rates of import duty on tariff headings and subheadings, which are not enumerated, shall remain in force and effect. Once the EO takes effect, all articles listed in the Annex and are entered into or withdrawn from warehouses in the Philippines for consumption shall be levied the MFN rates of duty as prescribed. The products listed in Annex A include super heaters, soot removers, gas converters, and industrial or laboratory furnaces and ovens, including incinerators. Centrifuges, including centrifugal dryers, filtering or purifying machinery and apparatus for liquid or gases are also included. Leaders of APEC member economies previously agreed to address issues on clim ...Read more

President Aquino wants case against China to be presented well at international tribunal

 CENTRAL  04 July 2015
MANILA, July 4 --  President Benigno S. Aquino III has instructed Executive Secretary Paquito Ochoa, Jr., who will soon leave for The Netherlands, to make sure that the arbitration case lodged by the country against China at the international tribunal, is presented well.In a press briefing on Frida ...Read more

DTI: Fair Competition Act will level playing field for MSMEs

 CENTRAL  04 July 2015
MAKATI CITY, July 4 --   The Department of Trade and Industry (DTI) welcomed the ratification of the Fair Competition Act saying as this is seen to level the playing field for all businesses, and provide consumers a wider range of products and services. Trade and Industry Undersecretary Adrian S. ...Read more