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Louella Desiderio
Louella Desiderio
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Food firms post $23 million sales in Taiwan expo
by Louella Desiderio - July 21, 2019 - 12:00am
A delegation of Philippine food companies generated $23 million worth of export sales from the recent Taipei International Food Show (TIFS), lower than the $26 million target.
Lufthansa Technik plans $40-M expansion of Villamor facility
by Louella Desiderio - July 20, 2019 - 12:00am
Aircraft maintenance, repair and overhaul (MRO) service provider Lufthansa Technik Philippines (LTP) is planning a $40-million expansion project at its existing facility in Pasay City, the Department of Trade and...
Industry groups urge Congress to consider alternative PEZA perks
by Louella Desiderio - July 20, 2019 - 12:00am
With the Tax Reform for Attracting Better and Higher Quality Opportunities (TRABAHO) bill likely to be refiled at the 18th Congress, industry groups representing ecozone developers and locators urge legislators to...
Toyota unveils P1-B press line for body shell
by Louella Desiderio - July 19, 2019 - 12:00am
The local unit of Japanese automaker Toyota Motor Corp. has inaugurated a P1 billion high technology press line for the production of large body shell parts, enabling the firm to meet the required localization target...
IRR issued for Ease of Doing Business Act
by Louella Desiderio - July 18, 2019 - 12:00am
The much-awaited implementing rules and regulations (IRR) for the Ease of Doing Business (EODB) Act, which provides a required period for government transactions to be completed, was finally signed by the Anti-Red...
DTI pushes amendments to Magna Carta for MSMEs
by Louella Desiderio - July 17, 2019 - 12:00am
The Department of Trade and Industry (DTI) is pushing for legislative measures to amend the Magna Carta for micro, small and medium enterprises (MSMEs) and institutionalize the microlending program Pondo sa Pagbabago...
DTI targets drop in logistics cost to 20%
by Louella Desiderio - July 17, 2019 - 12:00am
The Department of Trade and Industry (DTI) wants to bring down logistics costs to 20 percent or below as a percentage of sales of firms by yearend with the government’s issuance of a joint administrative order...
Vehicle imports up slightly in H1
by Louella Desiderio - July 16, 2019 - 12:00am
Vehicle importers are turning more optimistic of a sustained recovery this year as cumulative sales continued to post growth in the first half, albeit flat from last year, driven by the light commercial vehicle (LCV)...
Hyundai sales up 9% in 6 months
by Louella Desiderio - July 15, 2019 - 12:00am
The official distributor of South Korean vehicle brand Hyundai sustained its sales growth in the first half, posting a 9.1 percent growth over the same period last year, driven mainly by demand seen in the light...
BOI eyes P2 B potential investments in Zamboanga
by Louella Desiderio - July 15, 2019 - 12:00am
The Board of Investments (BOI) expects over P2 billion potential investments in the Zamboanga Peninsula following the conduct of roadshows on priority sectors being promoted by the government.
PEZA: Less applicants seek ecozone status
by Louella Desiderio - July 15, 2019 - 12:00am
The Philippine Economic Zone Authority (PEZA) expects less than half of the 131 ecozone applications in Metro Manila to vie for ecozone status even if the office of the President (OP) decides to give them a longer...
PCC approves GSK acquisition of Pfizer business
by Louella Desiderio - July 13, 2019 - 12:00am
The Philippine Competition Commission (PCC) has approved the acquisition by GlaxoSmithKline Consumer Healthcare Holdings Ltd. (GSK CH) of Pfizer Inc.’s consumer healthcare business covering over-the-counter...
‘Right conditions’ necessary for next round of EU-Phl FTA talks
by Louella Desiderio - July 12, 2019 - 12:00am
The next round of talks for a free trade agreement (FTA) with the Philippines would take place when the conditions are right as the country’s implementation of conventions on human rights, labor rights, environment...
Vehicle sales halt skid, rise 1.4% in 6 months
by Louella Desiderio - July 12, 2019 - 12:00am
Local car assemblers finally snapped a cumulative sales decline as total sales in the first six months rose 1.46 percent from a year ago, signaling improving demand particularly for commercial vehicles.
Toyota rolls out GR Supra flagship sports car in Phl
by Louella Desiderio - July 11, 2019 - 12:00am
Toyota Motor Philippines Corp. (TMPC) has launched its flagship sports car, GR Supra, in its vehicle lineup as it looks to tap opportunities in the specialty passenger car (PC) segment, noting that the local automotive...
BOI project approvals up 27.7% to P304 B
by Louella Desiderio - July 11, 2019 - 12:00am
Investments for projects registered with the Board of Investments (BOI) grew 27.7 percent in the first semester from a year ago with the power and manufacturing sectors getting the biggest share of total investments....
As new Pampanga plant opens, Gardenia sees P8 B sales in 2019
by Louella Desiderio - July 10, 2019 - 12:00am
Gardenia Bakeries Philippines Inc. expects its sales to grow by 17 percent to P8 billion this year as it increases its production capacity with the opening of a new plant in Pampanga.
PCC OKs share buyback by Pro-Friends in GT Capital
by Louella Desiderio - July 9, 2019 - 12:00am
The Philippine Competition Commission (PCC) has approved the buyback of shares by Property Company of Friends Inc. (Pro-Friends) from GT Capital Holdings Inc. and the acquisition by Saudi Arabian Oil Co. (Saudi Aramco)...
CITEM urges food firms to explore China market
by Louella Desiderio - July 8, 2019 - 12:00am
The export promotions arm of the Department of Trade and Industry (DTI) is calling on food companies to explore opportunities in China by being part of the Philippine delegation in the upcoming China International...
IBPAP pushes approval of pending ecozone applications in Metro Manila
by Louella Desiderio - July 7, 2019 - 12:00am
The Information Technology and Business Process Association of the Philippines (IBPAP) is pushing for the proclamation of pending ecozone applications in Metro Manila with the Office of the President (OP), warning...
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