HANOI – Vietnam and Japan have formally agreed to implement a new policy that will allow certain groups from one country to enter another without undergoing the usual mandatory 14-day quarantine. According to the Vietnamese Ministry of Foreign Affairs, the new policy will be taking effect starting November 1. after an agreement was reached during the Japanese Prime Minister Yoshihide …

METRO MANILA – The Department of Trade and Industry (DTI) said yesterday that businesses in the wholesale and service sector will be allowed at full capacity, while fastfood and restaurants may operate beyond 50% capacity on areas under general community quarantine (GCQ). On a Memorandum Circular 20-52 issued by the agency, It states that businesses under Category 2 and 3 …

MANILA – The Asean member-states spearheaded by the Philippines has implement the Asean-Wide Self-Certification Scheme (AWSC) last September 20 to facilitate trade within the region. The Department of Trade and Industry (DTI) sain in a statement that the AWSC aims to simplify the origin certification procedure for the claim and granting of lower duties or in most cases, tax free …

KUALA LUMPUR – Malaysia’s flagship budget airline AirAsia Group is set to lay off hundreds more jobs as the company is still reeling in with the impact of Covid-19 pandemic on the economy. It’s Malaysian unit and subsidiary AirAsia X Bhd also plans to cut staff. The affected staff will be informed within 72 hours. The company will also be …

MANILA – Jollibee Foods Corp. is expanding its branches overseas by opening stores in Liverpool and Greater Dallas Area in West Plano, Texas despite the impact of Covid-19 pandemic around the globe. Jollibee opened its first branch in Liverpool on Sept. 3 and on the Greater Dallas Area on August 20. Both stores received long queues of Filipinos and other …

Close to 5,000 online sellers have registered with the Bureau of Internal Revenue (BIR) so far after taxpayers started asking them to pay taxes or risk being penalised. A total of 4,961 online merchants received tax identification numbers from the tax office from June to August 7, with only three weeks remaining before the expiration of the extended deadline. BIR …

METRO MANILA – Jollibee Foods Corp. (JFC) has suffered a net loss of P12 billion, a contrast to the Php 2.5 billion earned last year. JFC net loss in the second quarter was P10 bil compare to the P1 billion income. The countrywide sale for both franchise and company owned were also down by 24.5% to P85.8 billion and 48.4% …

MANILA – Speaker Alan Peter Cayetano on Monday said that it was the owners of the ABS-CBN are to blame for the network’s shutdown. According to his Facebook post, It wasn’t the government’s fault but rather the network’s owners he described as “oligarchs” and has avoided billions of funds that can supposedly benefit the country by skirting the law. Cayetano …

MANILA – The Philippine Stock Exchange (PSE) on Monday has suspended the ABS-CBN Corp trading of shares to give time to the network to inform investors on how the denial of franchise renewal application could affect the company’s business moving forward. The PSE said in an advisory that the local bourse have suspended the Philippine Depositary Receipts (PDRs) of the …

MANILA – The Department of Finance (DoF) may be consider banning the online selling of sin products such as liquor and ciggarettes in a bid to prevent the spread of counterfeit items. Finance Secretary Carlos Dominguez said that they will move to ban the online sales of ‘sin’ products if seller found to have sold it to minors. Trade Secretary …