The Department of Trade and Industry said entrepreneurship has been its major contribution to the Duterte administration given the government’s strong support in the development of the micro enterprises sector. Trade and Industry Secretary Ramon M. Lopez noted that this will form part of a...
The Department of Trade and Industry (DTI) has widened the coverage of areas with higher operating capacities of business establishments in the National Capital Region (NCR), including the provinces of Bulacan and Rizal, but retained the ban on social activities in Laguna and Cavite. Trade and...
Over 115 retail establishments have been granted Safety Seal Certification, 105 disapproved, and 600 pending as government scales up reopening of the domestic economy starting next week, according to Trade and Industry Secretary Ramon M. Lopez. At the virtual “Laging Handa” public briefing in...
An executive order granting P3-billion subsidy package for the electric vehicle manufacturing sector has been submitted to Malacanang and is awaiting approval by President Duterte as part of the incentives to encourage more investments to modernize the transport sector and to support the...
SECRETARY RAMON M. LOPEZ Department of Trade and Industry (Photo by Mr. Mark Ches Ang) While there’s a growing awareness of the global competitiveness of Filipino products, there are still some Pinoys that are biased towards imported products because they think locally-made goods are not “high...
Department of Trade and Industry (MANILA BULLETIN) The Philippines has expanded the list of countries covered with the safeguard measure on cement importation with additional 13 countries, including Indonesia, as sourcing of cheap cement may have been diverted to countries previously exempt from...
Toy manufacturers from Hong Kong are considering of investing in the Philippines as they showed strong confidence in the country. This was disclosed by the officers and members of the Toys Manufacturers’ Association of Hong Kong (TMHK) who joined an online information session with the Philippine...
Foreign direct investments (FDI) last year dropped 24.6 percent to a net inflow of $6.542 billion from $8.671 billion in 2019, but it was more than the Bangko Sentral ng Pilipinas’ (BSP) $6-billion projection for 2020. “The disruptive impact of the pandemic on global supply chains and the weak...
Philippine garment factories expect to receive new orders worth up to $500 million from top global fashion brands as they start transferring production orders from troubled Myanmar to the Philippines and other Asian countries. Photo credit: (Philexport News and Features) Foreign Buyers Association...
In preparation for the proposed transition of Metro Manila from General Community Quarantine (GCQ) to Modified General Community Quarantine (MGCQ), DTI Consumer Protection Group (CPG) Undersecretary Ruth Castelo and DTI Fair Trade Enforcement Bureau (FTEB) Director Ronnel Abrenica led a special...
The Bangko Sentral ng Pilipinas (BSP) reported Monday that gross international reserves (GIR) dipped to $108.799 billion in January from December 2020’s $110.117 billion due to government withdrawals to pay for foreign-denominated loans, and changes in the price of gold. The BSP in a statement...
By BERNIE CAHILES-MAGKILAT and JEAN FERNANDO The reopening of traditional cinemas is expected to bring back displaced workers and help revive the entertainment industry, which was pegged at P13 billion and employed roughly 300,000 Filipinos before COVID-19 lockdowns and quarantines padlocked...
