A two-week hard lockdown could mean wage losses of P30 billion and closure of 18 percent of establishments, affecting 1.8 million workers in the National Capital Region (NCR) and neighboring provinces, according to Trade and Industry Secretary Ramon M. Lopez. Department of Trade and Industry...
Department of Trade and Industry (DTI) Secretary Ramon Lopez insisted that the national government isn't belittling the highly-transmissible Delta variant of the coronavirus disease (COVID-19) despite its decision to not budge from the current general community quarantine (GCQ). Department of Trade...
Cement importers are seeking for refund of P1.28 billion safeguard duties paid on their importation. This developed as the Cement Importers Association of the Philippines (CIAP) filed a petition before the Court of Tax Appeals (CTA) to challenge the imposition of the definitive safeguard duty on...
Participants and domestic autoparts manufacturers in the Comprehensive Automotive Resurgence Strategy (CARS) program expect to receive an estimated P2.6 billion in fiscal tax incentive claims. Ferdinand Raquelsantos, president of the Philippine Parts Makers Association (PPMA), said that of the...
Domestic vehicle parts manufacturers have strongly urged government to sustain its support for the CARS (Comprehensive Automotive Resurgence Strategic) Program as they lost their fight for tariff protection on locally produced motor vehicles and to save local jobs, blaming it to “bullying and...
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...
A good balancing act between maintaining the country’s economic recovery and protecting Filipinos against the dreaded Delta variant of the coronavirus disease (COVID-19). DTI Secretary Ramon Lopez speaks during President Duterte's pre-recorded public briefing on Saturday, July 24, 2021....
The Department of Trade and Industry (DTI) and the Department of Agriculture (DA) team up with Atkins Import and Export Resources Inc., and MyOwn Group of Companies to provide consumers access to low-cost frozen meat products amid the community quarantine, cheaper by at least P20.00 than Atkins and...
Prices of basic necessities and prime commodities will increase by 3 to 5 percent or P0.75 centavos to P1 per can of sardines and canned meats, a situation that will likely worsen the country’s already elevated inflation level. In a television interview, DTI Secretary Ramon M. Lopez said the...
Why standardizing food can be a good thing. And no, it’s not an attack on lola’s cooking ADOBO DEBATE The hot question of the week, 'Should the quintessential Philippine stew and other Pinoy dishes be standardized?' When I first read the news that the Department of Trade and Industry (DTI)...
With the proposed Liquefied Petroleum Gas (LPG) Regulation Bill already inching closer to becoming a law, leading player Petron Corporation is eyeing that more robust competition will finally reign in the sector, as rouge industry traders will eventually be snuffed out with the stricter...
Initial committed investments of $3 billion from country’s top ten Japanese manufacturers are in peril as investors complained of operational and fiscal bottlenecks they are currently facing. During an online roundtable meeting with Trade and Industry Secretary Ramon M. Lopez, the Philippines ’...
