Trade and Industry Secretary Ramon M. Lopez said that keeping the 5 percent tariff rate on imported mechanically deboned meat (MDM) has gained support from all department heads concerned. “We are in the process of completing by today (Jan. 4) the official endorsement from each member of the...
“Power rate reduction” tops the 2021 to-do list of the Department of Energy (DOE) to improve the attractiveness of the Philippines as an investment destination for manufacturers, who have been discouraged by the prohibitive power cost in the country. Energy Secretary Alfonso G. Cusi told...
The Department of Trade and Industry (DTI) has stood its ground stating it does not need the concurrence from the Tariff Commission (TC) to adjust a safeguard duty rate on a particular import that has been causing injury or serious threat to a domestic industry. This was stated by Bureau of Import...
(MANILA BULLETIN FILE PHOTO) The Department of Trade and Industry (DTI) has reduced by 20 percent its medium-term export projections from $130 billion target to $103.9 billion by 2022 amid the impact of the lingering COVID-19 pandemic on Philippine industries. In adjusting downward the export...
Trade and Industry Secretary Ramon M. Lopez has directed to restart the study on the country’s potential participation in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). This was revealed by DTI Undersecretary Ceferino S. Rodolfo, who said that the...
Market Year-ender Shown at the last day of trading for 2020 are (from left): PSE Finance Division Head Roberto Jose R. Jimenez and Securities Clearing Corporation of the Philippines COO Renee D. Rubio; PSE COO Roel A. Refran and PSE President and CEO Ramon S. Monzon. One would run out of...
The Department of Trade and Industry (DTI) is finalizing its report on its investigation on the surge in the importation of motor vehicles into the country, indicating that government is on its way towards the imposition of safeguard measure against imported cars to protect the domestic industry...
Senator Ramon 'Bong' Revilla and wife Bacoor Mayor Lani Mercado-Revilla The "Amazing Ang Pasko Christmas Giveaway" online show of Senator Ramon "Bong" Revilla made many Filipinos happy by distributing cash prizes and livelihood packages last Dec. 19-20. During the program aired on Facebook,...
Leading oil firm Petron Corporation heaves up Christmas spirit by giving away one-year fuel supply to 12 lucky customers who will be selected in its major promotional salvo for the holidays. The oil firm said the equivalent amount of the one-year fuel supply that the winners can enjoy will sum up...
San Miguel Corporation (SMC) will charge no toll fees on all its expressways for Christmas and New Year as part of its toll holiday tradition, president and chief operating officer Ramon S. Ang today ( Dec. 23) announced. On these two days, the operator grants motorists temporary free access to its...
The government today launched the Leyte Ecological Industrial Zone (LEIZ) Master Development Plan Project, which is hoped to develop and complete the Philippines copper industry supply chain in Leyte by 2030 and establish the country’s role in modern industries. The launch of LEIZ Master Plan...
Amid the popularity of the Philippines neighboring countries to foreign investors, Trade and Industry Secretary Ramon M. Lopez has called on American investors to take a closer look at its most loyal ally in southeast Asia and make the Philippines their natural investment destination. Lopez made...
