Senator Ralph Recto yesterday sought for an accounting of the funds being allocated to government financial institutions for lending to the micro, small and medium enterprises (MSMEs). Senator Ralph Recto (Senate of the Philippines / MANILA BULLETIN) This transpired at the Senate hearing for the...
Businessmen are hopeful that the newly signed RCEP will stimulate trade, investment and digital transformation among member countries. Amb. Benedicto V. Yujuico, president of the Philippine Chamber of Commerce and Industry (PCCI), cited the timely completion of the world’s biggest free...
After 8 years of negotiations, trade ministers from 15 countries are set to sign tomorrow, Nov. 15, the China-backed Regional Comprehensive Economic Partnership (RCEP), creating the world’s biggest free trade area (FTA) agreement. “The RCEP has finally been concluded and finalized by all trade...
Taiheiyo Cement Corporation of Japan is investing P15 billion in the Philippines for the construction of new state of the art production line in Cebu that will increase it capacity by 50 percent in the immediate term. Trade and Industry Ramon M. Lopez said the Japanese principal has given...
Trade and Industry Secretary Ramon Lopez said the GDP growth rate of -11.5% in the third quarter of this year still conforms with the country’s economic recovery trajectory, coming from the previous quarter’s -16.9 percent during the peak of the COVID-19 health crisis. “While the...
Trade and Industry (DTI) Secretary Ramon M. Lopez said the decline in the country’s Purchasing Managers’ Index (PMI) or factory output in October as “marginal” saying the economy is just on a temporary pause. “The slight decline in the Philippine manufacturing PMI merely reflects a pause...
Trade and Industry Secretary Ramon M. Lopez has pushed for more investments and innovation in agriculture in Mindanao stressing this is the best way to ensure growth for this industry and maximize its huge potential to help in the country’s economic recovery. Trade and Industry Secretary Ramon...
The medical devices market manufacturing industry in the country is expected to expand up to $744.7 million, according to Trade and Industry Secretary Ramon M. Lopez. In a speech at the virtual “Make it Happen Philippines Campaign” soft launch, Lopez highlighted the prospects for this growing...
Trade and Industry Secretary Ramon M. Lopez has proposed to share P4 billion out of the P10 billion allocation from the Bayanihan 2 as soft loans to micro, small and medium enterprises (MSMEs) to pay for the 13th month pay of their workers. This was revealed by Department of Labor and Employment...
Noche Buena products manufacturers are seeking as much 3 percent increase in their suggested retail prices (SRP) due to increased cost of production. Trade and Industry Secretary Ramon Lopez. (ALFRED FRIAS/PRESIDENTIAL PHOTO FILE PHOTO) Trade and Industry Secretary Ramon M. Lopez said the Noche...
Travel agencies, tour operators, reservation service and related activities are allowed to reopen starting today, Oct. 16, according to the Department of Trade and Industry (DTI). Trade and Industry Secretary Ramon Lopez. (ALFRED FRIAS/PRESIDENTIAL PHOTO FILE PHOTO) Memorandum Circular No. 20-53...
Trade and Industry Secretary Ramon M. Lopez has assured that the implementation of the P3.27 billion Bureau of Fire Protection (BFP) procurement contract to the Philippine International Trading Corporation (PITC) for the construction of fire stations and supplies and equipment is on track. Trade...
