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Future chef says PH ready for integration

Raymart Earale, a maintenance crew at SM Sta. Mesa-Manila, thinks the Philippines’ participation in the ASEAN 2015 regional integration will benefit new employees such as himself. At only 21 years old, this second-year college student missed the last semestral enrollment to work, at least until the next term. Temporarily, he is part of maintenance janitorial […]

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Seychelles seals WTO entry after 18 years

Geneva – The Seychelles on Friday sealed its entry to the World Trade Organization (WTO), the Geneva-based body whose 160 members set the rules of global commerce said Friday. The Indian Ocean island, which has spent 18 years negotiating to join, is set to win formal approval in December from the WTO’s ruling body to […]

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EU, Singapore conclude free trade negotiation

Brussels – The European Union has concluded talks on a free trade deal with Singapore by adding investor protection clauses, which critics like Germany say give multinationals too much power. The European Commission said on Friday that the investment accord concluded negotiations of the EU-Singapore Free Trade Agreement (EUSFTA), other parts of which were settled […]

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Cars can wait, but not motorcycles – roadmap

The motorcycle industry said that development of the four-wheel vehicle sector can wait, but not the two-wheel sector  if the government wants to seize the sector’s economic benefits as majority of Filipinos — especially those in the provinces — have already embraced motorcycles as practical transport system and important entrepreneurial tool. This was the gist […]

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Auto dev’t program could save $17 billion in foreign exchange

Implementing the proposed five-year automotive industry development program could result in $16.84 billion in foreign exchange savings for the country, data from the Department of Trade and Industry (DTI) showed. DTI Assistant Secretary Rafaelita Aldaba made this presentation at yesterday’s Trade and Industry Development Updates which focuses on “Enhancing Philippine Competitiveness:  Human Resource Development Programs […]

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Italy and France air plea for growth at ASEM

Milan– Europe’s priority must be to stimulate economic growth, Italy and France said on Thursday, putting themselves at odds again with Germany, which is demanding deficit rigor. With signs of a global slowdown rattling investors and prompting sharp declines across financial markets, French President Francois Hollande and Italian Prime Minister Matteo Renzi stressed the need […]

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India’s Mahindra enters local car market

Mahindra, India’s largest motor vehicle manufacturer, is set to launch four new vehicle models before end this year as it seeks to expand its operations in the Philippines. In a statement, Mahindra said it sets to introduce its new models before the end of 2014. Some of these models include AUVs Xylo and Enforcer. Mahindra […]

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Local sales of toys slow down; electronics gadgets enjoy boom

Richprime Global Inc., the country’s largest distributor of toys and children’s clothing and accessories, has reported a slowdown in sales growth as the influx of electronics gadgets its toll on the traditional toys market. Myrna T. Yao, Richprime president and CEO, told reporters at the company’s official launch as the operating unit of Richwell Trading […]

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US opens door to more fresh mangoes from PH

WASHINGTON, D.C.—The United States is opening its door to more fresh mango exports from the Philippines with its recent decision to allow importation of mangoes from basically any area in the archipelago. In a statement from Washington, the Philippine Embassy said there is now greater opportunity for mango exports after the US Department of Agriculture (USDA) recently declared that […]

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Japan’s trade minister denies plans to quit

TOKYO— Japan’s trade minister denied reports Saturday that she plans to resign soon over allegations that she violated election laws. Japanese media reported Saturday that Trade Minister Yuko Obuchi was planning to submit her resignation to Prime Minister Shinzo Abe upon his return later in the day from an Asia-Europe summit in Italy. But Obuchi […]

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