Friday, March 1, 2024
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Philippine News Agency

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Greenhills overhaul eyed after landing again on US ‘notorious markets’ list

The government is working on a plan called Overhaul Greenhills Project (OG Project) to eliminate stores selling counterfeit goods in the Greenhills Shopping Center and convert it into a high-end mall with legitimate sellers.

US picks PH as one of partner countries under CHIPS Act

US undersecretary for economic growth, energy, and the environment Jose Fernandez said the Philippines, along with Vietnam, Panama, Puerto Rico, and Mexico will receive funding from the US government to make the ecosystem of their local semiconductor industry more conducive to US investors.

IPOPHL eyes 10% growth in IP filings in 2024

Intellectual Property Office of the Philippines (IPOPHL) director general Rowel Barba is targeting a 5 to 10 percent increase in Intellectual property (IP) filings this year.

ARTA to roll out LGU assistance for electronic Business One-Stop Shop

Anti-Red Tape Authority (ARTA) director general Ernesto Perez said his office will roll out nationwide assistance for local government units (LGUs) to help them get onboard the electronic Business One-Stop Shop (eBOSS) system.

BIR imposes 1% withholding tax on online merchants

The Bureau of Internal Revenue (BIR) has announced that online merchants with earnings amounting to more than P500,000 annually are now subject to a 1-percent withholding tax.

BCDA opens bidding for P2.53-B ICT system in New Clark City

The BCDA is eyeing an “Open Network Fiber” model that will allow telecommunication companies and data transmission providers to connect and service the future customers in the new metropolis, which will involve residences, offices, institutions and data centers.

LandBank waives fees for fund transfers below P1,000

LandBank clients can enjoy waived transfer fee for their first three online fund transfers in a day via the LandBank Mobile Banking App (MBA), and the bank’s online retail banking channel, the iAccess.

DTI rolls out incentives program for local e-vehicle production

Under the Electric Vehicle Incentives Scheme (EVIS), the Philippines is eyeing e-PUVs and two-wheelers as its niche in Southeast Asia, in which the country could be a competitive exporter in the region.

PH improves ranking to 56th from 59th in Global Innovation Index 2023

The country's GII ranking this year is better than its placement in 2022 at 59th, which was a nine-place drop from 51st in 2021.

Gov’t launches roadmap to accelerate PH innovation agenda

The National Innovation Agenda and Strategy Document (NIASD) outlines the 10-year vision, long-term goals, and strategies for improving the country’s innovation priorities and governance.

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