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Doing business in Asia getting easier
Setting up a business in the Asia Pacific, including the Philippines, has become easier as it now takes half the time to do so compared to about a decade ago, according to the findings of the Asia Pacific Economic Cooperation (Apec).This was based on the assessment conducted by the Apec Policy Support Unit that focused on the five priority areas identified by the World Bank in its Ease of Doing Business index, such as starting a business; dealing with construction permits; getting credit; trading across borders, and enforcing contracts.... June imports up 15.4%
Imports jumped for the fourth straight month in June, with year-on-year growth in the value of goods from abroad the fastest in the region.Preliminary Philippine Statistics Authority (PSA) data released Thursday showed that merchandise imports grew by 15.4 percent to $6.9 billion in June from $5.9 billion a year ago.The growth during the month was, however, slower than the increases of 39.3 percent a month ago and 23 percent in the same month last year, PSA data showed.First-half imports hit $38.7 billion, up 17.7 percent from $32.9... Possible FTA with UK to allow for more concessions
THE HEAD of the Trade department said a bilateral trade deal with the United Kingdom (UK) following the latter’s planned exit from its economic bloc would provide give the Philippines leeway to negotiate more goods and services currently not included in its arrangement with the European Union (EU) as a whole.Department of Trade and Industry (DTI) Secretary Ramon M. Lopez cited “working on a possible free trade bilaterally” as one of the opportunities to be expected from the planned ‘Brexit.’“Since it’s bilateral, it will all...
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