Influenced by the COVID-19 pandemic, the country’s exports of medical instrumentation jumped 84.3 percent in January, boosting overall electronics exports to slightly grew by 0.3 percent in the first month of the year, the Department of Trade and Industry said. Trade and Industry Secretary Ramon...
The Toll Regulatory Board has denied issuing a directive to close Skyway Stage 3, contradicting an earlier announcement made by the San Miguel Corporation (SMC). (PNA FILE PHOTO) In a statement on Tuesday, March 16, the TRB emphasized that it did not issue a decision or directive ordering the...
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...
San Miguel Food and Beverage, Inc. reported a 30 percent drop in consolidated profits last year to P22.4 billion from P32.3 billion in 2019 but noted a rebound starting the second half of 2020. SMC president and COO Ramon S. Ang In a statement, SMFB said consolidated revenues were down 10 percent...
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...
San Miguel Corporation (SMC) announced that it is starting to clean and widen the Pasig River in April with the arrival of two new dredging equipment capable of pulling out 600,000 tons of silt and solid waste a year for the next five years. “Through the years, Pasig River has become...
Trade and Industry Secretary Ramon M. Lopez expressed confidence the domestic economy can recover in the third quarter this year as long as the government will not pull back the reopening of economic sectors into “quarantine in general,” but instead implement granular lockdowns in areas with...
The local stock market fell as the number of new COVID cases surged while foreign investors shift funds to the US. The PSEi plunged 125.45 points or 1.81 percent to close at 6,756.92 as bank stocks led the drop across the board. A total of 7.2 billion shares worth P9.85 billion changed hands as...
Committed investments approved by the Board of Investments in the first two months this year jumped 156 percent to P121.9 billion (approximately $2.5 billion) vis-a-vis P47.625 million in the same period in 2020, indicating that recovery is within sight. This was revealed by Trade and Industry...
Trade and Industry Secretary Ramon M. Lopez expressed confidence of strong rebound in the country’s manufacturing output in the coming months. Lopez said following a sustained growth in the Philippine manufacturing out in February, according to a survey conducted by IHS Markit. ...
Secretary Ramon M. Lopez Department of Trade and Industry We should never think small when we talk about micro, small, medium enterprises (MSMEs). The implementation of stricter health lockdowns in the first quarter of 2020 to prevent the spread of COVID-19 had severely affected businesses,...
