“We see the FTA as a crucial step in enhancing the trade partnership between the Philippines and the EU,” President Marcos said in his message delivered by Executive Secretary Lucas Bersamin during the 2024 European-Philippines Business Dialogue and European Investors’ Night in Makati City on Monday.
“We look forward to negotiations being finalized by 2027 and to elevating trade and investment flows through a comprehensive agreement that includes advanced provisions for digital trade and intellectual property rights,” Marcos said.
The Philippines and the EU are looking to resume formal negotiations for an FTA in the early part of the second half of the year, the Department of Trade and Industry earlier said.
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Meat imports to further rise this year
The Philippines’ meat imports are expected to further increase this year as lower tariffs attract more foreign supplies to meet the country’s growing demand for cheaper meat products, according to the United Nations’ Food and Agriculture Organization (FAO).
Sta. Lucia allots P5.62 B for capex
Listed real estate developer Sta. Lucia Land Inc. is beefing up its capital spending this year to develop more projects and further expand its land bank.
SEC welcomes new commissioner
The Securities and Exchange Commission (SEC) has welcomed the appointment of its new commissioner, Rogelio Quevedo.
Index may continue downtrend this week
The stock market is expected to remain on the downtrend on another shortened trading week while investors wait for positive catalysts.
Peso weakness temporary - BSP
The depreciation of the peso against the US dollar is only temporary due to the current market sentiment surrounding the US Federal Reserve, an official from the Bangko Sentral ng Pilipinas said.
Foreign debt rises to $128.7 B in Q1
The country's foreign debt hit another record high of $128.69 billion in the first quarter as private sector banks and the national government borrowed more from offshore creditors, the Bangko Sentral ng Pilipinas (BSP) said.
Magsayo closer to title shot
Tagbilaran fighter Mark (Magnifico) Magsayo took a major step closer to another world title shot by scoring a unanimous 10-round decision over Mexican southpaw Eduardo (Zurdito) Ramirez to claim the vacant WBA Intercontinental super featherweight championship at the MGM Grand Garden Arena in Las Vegas last Saturday night (yesterday morning, Manila time).
BOLTS CHAMPS AT LAST
MERALCO CAPTURES FIRST PBA CROWN IN 14 YEARS
Bianca poised for strong finish in Meijer Classic
Philippines ace Bianca Pagdanganan leaned on a strong back nine to card a three-under 69 on moving day and gain a crack at the Top 10 in the Meijer LPGA Classic in Belmont, Michigan Saturday.
NAITAS spearheads golf tourism in Guam
The National Association of Independent Travel Agencies (NAITAS), a prominent nationwide association that brings together travel agencies and tour operators from across the country, is making significant strides in promoting golf destinations in the Philippines and internationally.
