The Philippine Sports Commission (PSC) held an orientation Wednesday to Olympic aspirants in boxing, taekwondo and karate undergoing the training bubble at the Inspire Sports Academy in Calamba, Laguna this month. PSC Commissioner Ramon Fernandez said the orientation emphasizes the safety protocols...
Domestic automotive parts manufacturers and workers stood behind the Department of Trade and Industry’s (DTI) decision to impose provisional safeguard measure on imported completely built-up (CBU) cars and light commercial vehicles (LCVs) as a step that will arrest further decline in local auto...
Trade and Industry Secretary Ramon M. Lopez is not considering any price increase on basic necessities and prime commodities while big retailers also opposed price hikes as the economy is in recession. “We have not considered any price increase,” said Lopez as he clarified that although there...
Domestic car manufacturers and traders slammed the decision of the Philippine government to slap a punitive safeguard duty on imported completely built up (CBU) cars and light commercial vehicles (LCVs), citing short and long-term risks to the industrial sector, price hikes, deferment of expansion...
The Philippines today slapped a provisional safeguard duty against imported passenger cars and light commercial vehicles (LCVs) to protect the domestic motor vehicle manufacturing industry from the onslaught of imported vehicles, a move that will hit Thailand and Indonesia the most being the top...
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...
