US threatens Turkish businesses over Russia trade
American officials have reportedly visited Trkiye to persuade banks and companies to cut ties with the sanctioned country Turkish businesses are at risk of being banned from carrying out currency operations if they continue to trade with Russia, RIA Novosti reported on Wednesday, citing the news outlet Aydinlik. .....»»
Fuel prices rise by 50¢ per liter amid Russia export ban
MANILA, Philippines —Fuel pump prices will increase by P0.50 per liter starting Tuesday, March 5, due to Russia’s six-month export ban. However, diesel prices will decrease by P0.40 per liter and kerosene by P0.35 per liter, as reported by local oil firms. Shell and Seaoil will implement the price adjustments by 6 a.m. while CleanFuel.....»»
New sanctions package against Russia
Foreign Minister Winston Peters today announced a new package of sanctions as part of the ongoing international sanction response to Russia's illegal invasion of Ukraine in February 2022. The new sanctions are: "Increasingly sophisticated methods are being used in the effort to evade sanctions. By targeting evasion methods, the Governmen.....»»
DA allows milk imports from Thailand, Russia, South Korea, Libya
Agriculture Secretary Francisco Tiu Laurel Jr. has allowed the importation of milk and milk products from Thailand, Russia, South Korea and Libya after he had previously ordered a ban on the entry of live cattle and buffalo from the four countries amid the threat of lumpy skin disease......»»
Investors don t morally care -CEO explains why Oreo s remain in Russia
The shareholders of Mondelez International have never pressured the company to quit the market, Dirk Van de Put has said The shareholders of Mondelez International, one of the world's biggest snack companies, do not "morally care" whether the firm continues to do business in Russia, the company's.....»»
Maker of Oreo cookies staying in Russia - CEO
The shareholders of Mondelez International have never pressured the company to quit the market, Dirk Van de Put has said The shareholders of Mondelez International, one of the world's biggest snack companies, do not "morally care" whether the firm continues to do business in Russia, the company's.....»»
Small EU country becomes Russia s biggest whisky supplier - media
Latvia is serving as a middleman for the import of Western spirits into the Russian market, experts say Latvia became Russia's top supplier of whisky last year, reaching $250 million in sales and outpacing all other exporters combined, RIA Novosti reported on Monday, citing industry data. The Balti.....»»
Indo-Russia defense venture in talks with Saudi Arabia
BrahMos Aerospace, advanced cruise missile manufacturers, have $7bn in orders from India and other countries BrahMos Aerospace, a joint India-Russia venture which produces supersonic cruise missiles for maritime, aerial, and land-based platforms, is in talks with Saudi Arabia, TASS news agency reported citing an offic.....»»
Indo-Russia defense venture in talks with Saudi Arabia
BrahMos Aerospace, advanced cruise missile manufacturers, have $7bn in orders from India and other countries BrahMos Aerospace, a joint India-Russia venture which produces supersonic cruise missiles for maritime, aerial, and land-based platforms, is in talks with Saudi Arabia, TASS news agency reported citing an offic.....»»
HBO hit series White Lotus drops actor with Russia ties
Actor Milos Bikovic has been dropped from the cast of popular TV series "The White Lotus," an HBO spokesperson said, after the Serbian native's ties to Russia drew a sharp rebuke from Ukraine......»»
Subway sponsoring war - Ukraine
The US fast-food giant has provoked Kiev's ire for continuing operations in Russia The US-based multinational fast-food franchise Subway has been added to Kiev's list of "international sponsors of war" for continuing to operate and pay taxes in Russia, Ukraine's National Corruption Prevention Agency (.....»»
Lawmaker proposes gradual 3-year wage hike for private workers
A lawmaker on Wednesday proposed gradually increasing the minimum daily wage for private sector workers by P100 over three years. Manila Rep. Joel Chua believes this approach would be manageable for businesses still recovering from the pandemic. He emphasized the importance of balancing the interests of workers and businesses while implementing the wage hike. A.....»»
‘Trade with China should continue’
The Philippines should continue to pursue stronger trade ties with China despite rising tensions in the West Philippine Sea, according to the Federation of Filipino-Chinese Chambers of Commerce and Industry Inc. and the Department of Trade and Industry......»»
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)......»»
Malaysia holds historic biz market footprint in city
CONSIDERING the business climate and unique geographic position of Davao City, the Malaysia External Trade Development Corporation (Matrade) under the trade promotion agency of the Ministry of Investment, Trade and Industry (MITI) has set a historic business market footprint in the city through the Market Immersion Mission, making Davao one of their smart cities in the country, alongside the Philippine’s capital region, Manila......»»
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 eyes $3.82 million sales from German trade fair
The Philippines is targeting to generate $3.82 million in sales from its participation in an international consumer goods trade fair in Germany, according to the export promotions arm of the Department of Trade and Industry......»»
Packaging trade show to support MSME development efforts – DTI
The Regional Operations Group of the Department of Trade and Industry expressed support for the upcoming ProPak Philippines trade show, emphasizing its potential to offer opportunities for innovation and improvement in product processing and packaging to micro, small and medium enterprises......»»