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Xiaomi takes aim at Tesla in Chinese auto market with $29,870 electric car
BEIJING (Reuters) – Chinese smartphone maker Xiaomi launched a sporty electric car on Thursday with styling cues drawn from Porsche and priced below Tesla’s Model 3, highlighting the stiff competition from new entrants in an already crowded EV market in China. During the two hour-long event, Xiaomi CEO and founder Lei Jun told a packed.....»»
GTA 6 Delay Possible as Rockstar Pushes Staff Back to Office
One of the most highly anticipated games in history, Grand Theft Auto VI, may face delays in its release, potentially pushing its launch from 2025.....»»
Korean firm agrees to terms of Comelec auto polls contract
South Korean firm Miru Systems and its partners have agreed with the Commission on Elections on the terms in the service contract for the 2025 automated election system.....»»
Auto, EV players welcome possible tariff relief for hybrid, e-motorcycles
Automotive firms and electric vehicle players welcomed yesterday the potential expansion of the list of vehicles that can enjoy lower tariffs to include hybrid vehicles and e-motorcycles currently being studied by the government, saying that their inclusion may promote the shift to more environment-friendly transport options......»»
PNP allows civilians to own semi-auto rifles
Civilian gun owners can now own and register 7.62mm semi-automatic rifles, according to the Philippine National Police.....»»
Prime Infra unit starts first auto MRF plant
Prime Integrated Waste Solutions Inc., a subsidiary of Enrique Razon’s Prime Infra, has inaugurated the country’s first automated materials recovery facility (MRF) that will help address solid waste management problems......»»
NZ-EU FTA gains Royal Assent for 1 May entry to force
The European Union Free Trade Agreement Legislation Amendment Bill received Royal Assent today, completing the process for New Zealand's ratification of its free trade agreement with the European Union. "I am pleased to announce that today, in a small ceremony at the Beehive, New Zealand notified the European Union of our ratification of the New Zealand European Union Free Trade Agreement (NZ-EUFTA)......»»
British chamber remains optimistic on UK-Philippines trade growth
With the total trade in goods and services reaching an all-time high of £3.0 billion, BCCP Executive Director/Trustee Chris Nelson expressed optimism on the positive growth trajectory of the UK and the Philippines’ bilateral trade......»»
BOC creates body to solve trade woes
The Bureau of Customs has established an advisory council that aims to address trade bottlenecks and enhance trade facilitation among importers and business groups amid a changing global environment......»»
French Farmers Protest Unfair Competition in EU Free-Trade Agreements
French Farmers Protest Against Unfair Trade Agreements Imposed by EU French farming unions have taken to the streets to protest against free-trade agreements imposed by.....»»
Trade deficit narrows to $4 billion in December
The country’s trade deficit narrowed in December as both exports and imports declined, bringing the full-year 2023 trade gap to $52.42 billion, down from the previous year’s shortfall of $57.65 billion, the Philippine Statistics Authority said......»»
Philippines total external trade drops by 5.4 pct in November
MANILA, Jan. 10 (Xinhua) -- The Philippines' total external trade in goods declined by 5.4 percent in November 2023 to 16.95 billion U.S. dollars from 17.92 billion dollars in November 2022, the Philippine Statistics Authority (PSA) said Wednesday. Of the total external trade in November 2023, 63.8 percent were imported goods, while the remaining were exported goods, the PSA said. The PSA said the balance.....»»
Araneta: Experience and Donaire’s help key to winning world title eliminator bout
CEBU CITY, Philippines — Omega Boxing Gym’s banner boxer, Christian “The Bomb” Araneta, is full of confidence heading into his third world title eliminator fight. The 28-year-old Cebuano knockout artist will trade leathers with Arvin “Hurricane” Magramo for the International Boxing Federation (IBF) world junior flyweight world title eliminator on January 26 at the Nustar.....»»
Japan boxer, former three-division world champion, trains in Cebu
CEBU CITY, Philippines — Former three-division world champion Kosei Tanaka returned to Cebu for some top-notch boxing training. The 28-year-old Japanese is the former World Boxing Organization (WBO) world minimum, world flyweight, and former world light flyweight champion. He will spend three weeks in Cebu at the ZIP Sanman Boxing gym in Banawa, Barangay Guadalupe. .....»»
Magsayo punches his way into super featherweight top 10 world rankings
CEBU CITY, Philippines — Former world champion, Mark “Magnifico” Magsayo is starting to make his presence felt in the super featherweight division after cracking into the world’s latest top 10 rankings. Magsayo, the former World Boxing Council (WBC) world featherweight champion, is currently ranked NO. 7 in both the WBC and World Boxing Association (WBA). .....»»
‘All-out war’
EJ Obiena is faced with the greatest challenge of his life at the Paris Olympic pole vault event on Aug. 3 and 5. Since finishing below expectations in Tokyo, he has been relentlessly pursuing improvement, participating in two competitions in Croatia and Germany just this week, and the World Indoor Athletics Championshop second week of March. He is very clear about his motivation......»»
Astrolabio challenges 3-division world champion Nakatani of Japan
CEBU CITY, Philippines — MP Promotions’ Vincent “Asero” Astrolabio has officially issued a challenge to the newly-crowned three-division world champion Junto Nakatani of Japan. In a video recently posted on Viva Promotions’ Facebook page, Astrolabio was seen congratulating Nakatani and he finished his short speech by challenging the latter, who just won the World Boxing.....»»
DTI wants FTA with South Korea ratified by mid-year
The Department of Trade and Industry wants the free trade agreement between the Philippines and South Korea to be ratified by the middle of this year......»»
Philippines-European Union FTA talks resume in H2
The Philippines and the European Union (EU) are looking to resume formal negotiations for a free trade agreement (FTA) in the early part of the second half of the year, according to the Department of Trade and Industry......»»
‘Government should help exporters hurdle EU barriers’
The government must seek the removal of some trade barriers imposed by the European states to allow exporters to maximize the opportunities of the country’s prospective free trade agreement with Europe, an industry group said......»»