Showing 1 - 10 of 51
Philippines to suspend rice imports
Reuters, Published on 06/08/2025
» MANILA — The Philippines, among the world's largest buyers of rice, will suspend rice imports for 60 days from Sept 1 to protect local farmers impacted by falling prices during the harvest season, the government said on Wednesday.
Thai casino push ‘a big threat’, says Philippine gaming chief
Published on 26/02/2025
» Thailand’s plan to legalise casinos is a “big threat” to the Philippines, which is now Asia’s second-largest gambling hub and is looking to set a revenue record in 2025, says the head of the country’s gaming agency.
Move over Mercedes: Chinese cars grab Mexican market share
AFP, Published on 27/12/2024
» MEXICO CITY - The growing popularity of Chinese sport utility vehicles (SUV) and pickup trucks has shaken up Mexico's luxury car market, hitting sales of traditionally dominant brands such as Mercedes-Benz and BMW (Bavarian Motor Works).
Philippines dangles tax refunds to spur tourists to shop more
Bloomberg, Published on 09/12/2024
» Philippine President Ferdinand Marcos Jr on Monday enacted a law granting value-added tax refund to non-resident tourists, aiming to spur visitors to shop and spend more.
Philippines moves closer to taxing Netflix, HBO subscriptions
Bloomberg, Published on 28/06/2024
» Philippine lawmakers have approved a joint bill seeking to tax foreign digital services including Netflix, HBO and Disney, aiming to secure a fresh source of state revenue to bankroll additional spending.
Philippines cracks down on illegal gambling firms
Reuters, Published on 13/06/2024
» MANILA - Philippine authorities have launched a crackdown on illegal offshore gambling operators, several run by Chinese firms, as calls to ban their activities mount due to their alleged links to criminal syndicates.
CIMB targets $1.28bn of lending in 2024
Reuters, Published on 06/06/2024
» MANILA - The Philippine unit of Malaysia's CIMB Group Holdings Bhd is targeting lending of more than 75 billion pesos (US$1.28 billion) to Filipino clients this year, up 23% from 2023, its chief executive officer said on Thursday.
Philippines seeks Asia logistics hub status, banking on US ties
Bloomberg, Published on 21/05/2024
» The Philippines is setting its sights on becoming the next manufacturing and logistics hub in Asia, President Ferdinand Marcos Jr said, as Manila capitalises on its growing ties with Washington.
Philippines sees up to $6bn of investments in casinos
Reuters, Published on 19/03/2024
» MANILA - Foreign and domestic firms are expected to invest much as $6 billion in the Philippines' casino sector in the next five years, the head of its gaming regulator said, bolstering its status among Asia's top gambling destinations as competition increases.
E-commerce players urge reform of sector
Business, Suchit Leesa-nguansuk, Published on 13/02/2024
» Tech pioneers are urging policymakers to address the country's digital deficit, which is expected to reach 200 billion baht per year.