The Export Development Council (EDC) has approved a revised Philippines exports growth target to $105 billion by 2022 or 19.23 percent lower than the original forecast of $130 billion taking into consideration impact of pandemic and weaker global demand. “The revised targets are lower than...
Year 2020 could be well remembered as the pandemic year, but it did not dampen the entrepreneurial spirit of Filipinos as shown by the 41 percent increase in business registration, the highest since 2010. This was reported by Trade and Industry Secretary Ramon M. Lopez at the launch of RCBC...
Trade and Industry Secretary Ramon M. Lopez will formally ask the Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF) to allow younger kids, 10 years old from the current 15-year-old cap, to go out of their homes to further boost economic activities as the local...
The country’s Micro, Small to Medium Enterprises (MSMEs) has always been described as the lifeblood of the country’s business landscape that largely supports and spurs economic development and helps generate wide-scale employment. As of May 2019, 99.56 percent of business...
Trade and Industry Secretary Ramon M. Lopez said the $1.9 trillion “rescue plan” announced by President-elect Joe Biden bodes well not just for the quick recovery of the US economy, but the entire world as well. “On the surfaces, it should be pretty positive. Definitely, we need...
The Department of Trade and Industry is consolidating a list of micro small and medium enterprises (MSMEs) that may also want to order COVID-19 vaccines. DTI Secretary Ramon M. Lopez said National Task Force Against COVID-19 Chief Implementer and Vaccine Czar Secretary Carlito Galvez Jr. has...
Trade and Industry Secretary Ramon M. Lopez preferred the passage of pending economic bills that will open certain domestic industries to majority foreign ownership rather than tinkering the Constitution or charter change (cha-cha). At the "Laging Handa" briefing, Lopez explained that as a matter...
Workers today slammed automotive firms in the country, short of calling them “selfish” and questioning their "loyalty", for looking after their own business interest but disregarding the industry’s development and their employees. In a strongly-worded statement, the Philippine...
Philippine exports to the US are now subjected to general tariffs imposed after the preferential US Generalized System of Preferences (GSP) expired last Dec. 31, 2020. In an advisory, the Philippine Embassy in Washington D.C. said Philippine exports that are eligible for duty-free or preferential...
The Department of Finance (DOF) assured that the government will practice prudence in granting regulatory relief to projects deemed critical to the Philippines’ economic recovery. In a statement, Finance Secretary Carlos G. Dominguez III said the DOF-led committee tasked to identify qualified...
Will bonds shift demand locally? On January 4, 2020, the Department of Trade and Industry announced the imposition of a safeguard duty or tariff on imported cars in response to a petition made by the Philippine Metalworkers Alliance (PMA). The provisional safeguard duty will be in the form of a...
Hot-dip metallic-coated and pre-painted galvanized coils and sheets has been added to the list of products covered by the Department of Trade and Industry - Bureau of Philippine Standards’ (DTI-BPS) Mandatory Product Certification Schemes to ensure quality and safety of these construction...
