NEWS
EDC opposes proposed Excise Tax on Sugar Sweetened Beverages Export Development Council News October 18, 2016 The Export Development Council (EDC) expresses its reservation to House Bill No. 292 “An Act Imposing Excise Tax on Sugar Sweetened Beverages (SSBs)” which seeks to levy, assess and collect an excise tax of
Read more. BIR reduces requirements for TIN application Export Development Council News October 18, 2016 The Bureau of Internal Revenue (BIR) reduces its documentary requirements for the application for Tax Identification Number under Revenue Memorandum Circular (RMC) No. 93-2016 issued last 2 September 2016. This circular covers applications of self-employed individuals, estates
Read more. DOST supports PEDP 2015-2017 through innovation programs Export Development Council News October 18, 2016 The Department of Science and Technology (DOST) is implementing programs supporting the Strategies of the Philippine Export Development Plan 2015-2017. Setting-up of One Stop Laboratory Services for Global Competitiveness (One Lab) is one of DOST’s programs
Read more. FDA mandates electronic filing for License to Operate Export Development Council News October 18, 2016 Started September 1, 2016, the Food and Drug Administration (FDA) mandates all applicants for License to Operate (LTO) to file their applications through the FDA website (www.fda.gov.ph). Documentary requirements for the application are provided under
Read more. De minimis increase to P10,000 Export Development Council News October 18, 2016 Imported goods valued at P10,000 and below are no longer subject to duties and taxes pursuant to the Customs Administrative Order (CAO) No. 2-2016. The CAO implements the de minimis provision of the Customs Modernization and Tariff Act
Read more. Merchandise Trade Recovers in August 2016 National Economic and Development Authority October 13, 2016 MANILA – Total merchandise trade grew by 4.7 percent in August 2016, rebounding from the previous month’s 6.6 percent decline, according to the National Economic and Development Authority (NEDA). Based on a report by the Philippine
Read more. Electronics top PH exports; East Asia market expands Department of Trade and Industry October 13, 2016 Electronic products remained to be the country’s top exports as the sector grew by 11.6% from US$2.359 billion in 2015 to US$ 2.633 billion this year accounting for 53.7% of the total export revenues
Read more. DTI holds 1st Packaging and Labeling Summit for MSMEs’ Business Mirror October 12, 2016 THE Department of Trade and Industry, through the Export Marketing Bureau (DTI-EMB), held the first Philippine Packaging and Labeling Summit under the Philippine Export Competitiveness Program (PECP), with a theme dubbed as “Enhancing Competitiveness through Packaging
Read more. The Philippines as ‘Franchise Hub of Asia’ Business Mirror October 12, 2016 WITH the Philippines’s growing economy thriving on the ingenuity of micro, small and medium enterprises (MSMEs) and talents of young entrepreneurs, the franchising industry remains a viable investment option—more so, with the projected growth of up to 20
Read more. PHL app developers confident in global mobile competition this year Business Mirror October 12, 2016 BELIEVING that Filipino talents are not just confined within the premier Manila but across the archipelago, the Mobile Challenge Asia Pacific (MCAP) Philippines 2016 is, once again, open for young entrepreneurs and innovators to represent
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