Filipino company Responsible Internet Sustainability Effort (RISE) has received a grant from the United States Trade and Development Agency (USTDA) for its feasibility study to improve Internet services in the country, especially in underserved communities.
The Philippines is one of the countries chosen by the US as partners under the CHIPS and Science Act, wherein the US government earmarked $500 million for the International Technology, Security, and Innovation (ITSI) Fund to be spent over the next five years in the partner countries.
Under the CHIPS Act, the Philippines stands to benefit from the $500-million International Technology, Security, and Innovation Fund for a five-year period.
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 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.
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.
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.
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.
