Andrea E. San Juan

THE Department of Trade and Industry (DTI) has refuted misleading social media posts from vape companies FLARE and SHFT for falsely claiming full compliance with regulations and with SHFT improperly sharing unauthorized photos of DTI staff.

THE European Commission has committed an additional EUR 10.7 million to the Climate Investor Two (CI2) Fund of investment manager Climate Fund Managers B.V. (CFM) to support the Philippines's climate mitigation and adaptation efforts.

THE Department of Agriculture (DA) and the Philippine Competition Commission (PCC) want the National Food Authority (NFA) to regain the functions it lost when the Rice Tariffication Law (RTL) took effect in 2019.

Toyota Motor Philippines Foundation (TMPF) is donating P3 million and a brand new Tamaraw vehicle in support of efforts to protect the critically endangered Tamaraw species and its habitat.

The British Chamber of Commerce of the Philippines (BCCP) is urging the government to prioritize the passage of the proposed Cybersecurity Act, E-Governance Act and Konektadong Pinoy Act next year as these will help in attracting more investments.

The Toyota Special Economic Zone (TSEZ), which houses Toyota Motor Philippines Corp. (TMP), has already generated P18 billion in investments and hired over 3,000 workers as of November 2024, according to the Philippine Economic Zone Authority (Peza).

THE Toyota Group expects receipts from the exports of auto parts to reach $1.21 billion by the end of 2024, a 3-percent decline from the $1.26 billion recorded in 2023 due to the slowdown in demand in the United States and Japan.

THE European Parliament has “formally endorsed” the one-year delay in the implementation of the European Union Deforestation Regulation (EUDR), which was supposed to take effect on December 30 this year, according to the Philippine Exporters Confederation, Inc. (Philexport).

THE Board of Investments is aiming to secure P1.75 trillion in investment pledges next year, in hopes of luring capital into areas of semiconductors, mineral processing and high-value manufacturing, among others.

ANY income earned under international treaties and agreements binding upon the Philippine government will be exempt from the computation of gross income and income tax, according to the Bureau of Internal Revenue (BIR).