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The PHILEXPORT News and Featuresor PNF is a major policy advocacy publication released every Friday to media outlets nationwide. It carries PHILEXPORT positions on issues; news and feature stories on important events and activities; and even promotional articles. Initiated with USAID funding assistance, it is now fully operated and funded by PHILEXPORT.
Export-oriented enterprises (EOEs) that do not enjoy tax incentives granted by investment promotion agencies should know they can still avail themselves of value-added tax (VAT) perks such as avoiding input taxes on their local purchases and importations, according to a tax expert.
Importers seeking tax and duty exemptions for their goods should know that the Bureau of Customs (BOC) plans to adopt the Department of Finance’s (DOF) Enhanced Tax Exemption System Lite (e-TESLite), the database management system for the electronic processing of tax and duty exemption applications, in an effort to streamline customs operations and improve public service.
The involvement of small firms and trade in developing and implementing a country’s climate action plans presents opportunities as they promote inclusion and resilience, according to a paper by the International Trade Centre (ITC).
A sustainability expert is pushing for a value-preserving textile system as the Philippine textile industry adopts circular economy principles to achieve sustainability and competitiveness.
The compliance period for covered taxpayers—which include electronic commerce (e-commerce) players—to issue electronic invoices has been extended until late next year to give the affected stakeholders sufficient time to adjust to the e-invoicing requirement, according to a new Bureau of Internal Revenue (BIR) issuance.
Philippine policymakers, researchers and businesses now have another useful instrument for monitoring world and bilateral trade trends and dynamics, specifically export and import data per month, quarter and year-to-date with select trade partners. This allows users to extract the data for policy development, decision-making, and future planning.
The Employers’ Confederation of the Philippines (ECOP) is urging continuous conduct of earthquake drills and briefings on typhoons to raise awareness of safety protocols among employees, citing the importance of effective disaster preparedness.
Export companies can access a portal to maximize tariff benefits under the country’s trade agreements and arrangements, enhance trade opportunities and tap into new markets.
Companies are called to professionalize their cross-border operations and diversify their markets amid the end of United States’ de minimis threshold for all countries.
Department of Science and Technology (DOST) Secretary Renato Solidum Jr. has underscored the importance of a circular economy for textiles to create value, extend product lifespan and maximize resources, as he calls for support for measures advancing sustainability.
A new free tool that offers an innovative solution to support flood risk mapping in Asia-Pacific has been introduced by the United Nations Economic and Social Commission for Asia and the Pacific (UN ESCAP) to help build resilience in the most calamity-prone region of the world.
The new customs guidelines for exporters who plan to submit online their application for Product Evaluation Report (PER) as it relates to rules of origin (ROO) requirements under the generalized systems of preferences (GSPs) and free trade agreements (FTAs) have been released.
There are other market opportunities just waiting to be grasped by Filipino exporters, including the promising markets of the Association of Southeast Asian Nations (ASEAN) and China, according to a Philippine trade attaché.
An alliance of business associations and government partners has called for a comprehensive review of the forthcoming implementation by the Securities and Exchange Commission (SEC) of the nine-year term limit for independent directors of publicly listed companies and other regulated firms.
Employers need to become updated on the major policy changes in terms of occupational health and safety in the workplace following the issuance of the Revised Implementing Rules and Regulations (Revised IRR) of the Occupational Safety and Health Standards (OSH) Act, advises an occupational safety official.
Digital technology bolsters the competitiveness of the coffee sector as it enables supply chain players to work more efficiently, reach new markets and function more equitably and sustainably, according to a coffee guide published by the International Trade Centre (ITC).
Exporters, including micro, small and medium-sized enterprises (MSMEs), may now get a soft copy of the “AEO Operational Guidelines” following the official launch of the guidebook on self-assessment and accreditation recently at the Bureau of Customs (BOC) in Manila.
Global trade expanded by about $500 billion in the first half of 2025 and is expected to reach record highs by the end of the year as the negative impact of trade policy uncertainty has remained relatively contained, according to a United Nations (UN) report.
Countries are increasingly using trade instruments, including taxes and regulations, to support climate action as trade may increase emissions and resource use if safeguards are lacking, according to a trade official.
Becoming an investment hotspot has been the goal of the Philippines for some time. Challenging the dominance of well-known investment destinations and providing an attractive investment climate required tweaks and changes to our tax and incentive laws, among others. One of the more early attempts to improve the investment stature of the Philippines was the enactment of the “Corporate Recovery and Tax Incentives for Enterprises” or more popularly known as the CREATE Act.
With the impact of climate change on workers’ health increasingly being felt in the agriculture sector, businesses need to invest in resilient and precision agriculture practices and modified working practices to raise resilience to the growing challenges stemming from extreme weather events, according to a new report from the World Economic Forum (WEF).
Snacking is advancing with flavors, textures and even climate-resilient innovations as healthy snacking helps consumers meet their wellness goals.
The leader of the Philippine Exporters Confederation, Inc. (PHILEXPORT) appealed for stronger government support to the troubled export industry and higher budget for export promotion and market diversification following the negative impact of the higher US tariffs on Philippine exports.
Southeast Asia’s exports saw strong growth in the first half of the year amid tariff frontrunning but renewed tariff hikes and higher trade policy uncertainty weigh on the outlook, according to a report released by the Asian Development Bank (ADB).
Philippine exporters to the European Union (EU) need to be aware of the Trade Control and Expert System (TRACES), the European Commission’s online platform for the issuance of sanitary and phytosanitary (SPS) certificates that are required for the importation of animals and animal products, non-animal-origin food and feed products, and plants into the EU.
Artificial intelligence (AI) empowers the cross-border e-commerce industry, enabling more efficient and intelligent global trade amid its significant potential for digitalization, according to a report published by the International Trade Centre (ITC).
Middle skills programs that incorporate decentralized and flexible middle skills development mechanisms and improved access to financial assistance for training can ensure these meet industry demands and prepare the workforce for the Fifth Industrial Revolution (5IR), according to local researchers.
Health-focused small and medium-sized enterprises (SMEs) in the Asia-Pacific Economic Cooperation (APEC) region with robust ethics and compliance programs are more competitive and trade-ready, according to new APEC research.
For just the third time in over four years, the Philippines’ Purchasing Managers’ Index (PMI) reading fell into negative territory in September 2025 as goods producers saw fresh contractions in output and new orders, according to S&P Global.
Taxpayers oftentimes incur excess creditable withholding taxes (CWT) at the end of their taxable year. In such situation, there are two ways to recover the excess taxes paid. One way is to carry over the excess amount and utilize it as payment of the income taxes due in the succeeding years. Taxpayers can carry over the excess tax credits in subsequent periods until these are fully consumed. The other way is to claim for a refund or a tax credit certificate.
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