Philexport welcomes 25% CIT proposal to help business, exports recover

26 May 2020 | The head of the country’s umbrella organization of exporters welcomes government calls to reduce the corporate income tax rate to 25 percent and swiftly pass the Corporate Income Tax and Incentives Reform Act (Citira) to provide relief to “overburdened” businesses, particularly micro, small and medium enterprises (MSMEs) in this pandemic.

Businesses urged to explore online market spaces during virus pandemic

03 May 2020 | Businesses should look at market spaces, like online platforms, more than geographic spaces, during and after the Covid-19 pandemic, said Senen M. Perlada, director of the Department of Trade and Industry-Export Marketing Bureau (DTI-EMB) during a webinar held on April 22 dubbed, “Market Adjustments and Sustainability: Where do We Sell from Here?”

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PHL agriculture exports reach new markets amid Covid-19 pandemic

03 May 2020 | Philippine agricultural exports broke into three new international markets despite the coronavirus 2019 (Covid-19) pandemic and the varied local community quarantines. In the past two months, maiden shipments of avocados arrived in China, cacao in Belgium, and coconut milk in Russia.

Exporters urged to register for EU-GSP+ privileges before June 30, 2020 deadline

20 April 2020 | The Department of Trade and Industry-Export Marketing Bureau (DTI-EMB) urged all Philippine exporters to the European Union to register to the EU Registered Exporter System (EU REX) before the June 30, 2020, deadline to avail themselves of preferential tariffs under the EU’s Generalised System of Preferences Plus, or EU GSP+.

PH exports grow for second straight month in February

08 April 2020
MAKATI – Amidst a backdrop of the surging COVID-19 pandemic, Philippine merchandise exports grew by 2.8% in February 2020 to USD5.4B from USD5.3B in the same period last year, based on the preliminary Philippine Statistics Authority (PSA) data. Semiconductors were still the top export product, comprising 75.7% of electronics exports and 41.7% of all merchandise exports.