Trade and Industry Secretary Ramon M. Lopez has signed an order to stop the imposition of safeguard duty on imported completely built up (CBU) passenger cars and imported CBU light commercial vehicles (LCVs). Lopez signed the order last Friday, August 6, dismissing the case filed by the...
Trade and Industry Secretary Ramon M. Lopez has assured the public that there is more than enough supply of medical oxygen (O2) to quell panic, even raising the potential of allowing more importation and a stern warning against hoarding. “Current industry capacity is about 3 times more than...
Trade and Industry Secretary Ramon M. Lopez has urged Congress to pass the 3 pending economic reform bills in this third quarter or before the filing of candidacy for the national elections in October to sustain growth in foreign direct investments (FDI) and drive economic recovery post COVID....
Trade and Industry Secretary Ramon M. Lopez will push for the passage of three bills pending in Congress to institutionalize support and sustain the development of micro, small and medium enterprises (MSMEs) during the remaining 11 months of the Duterte administration. In an opening speech at the...
The Philippine Chamber of Commerce and Industry (PCCI) and the Department of Trade and Industry (DTI) signed a Memorandum of Understanding (MOU) to help local businesses and startups transition into the digital economy through the development and conduct of technology-based training programs....
Small Business Corporation (SBCorp), the financing arm of the Department of Trade and Industry (DTI) catering largely to micro small and medium enterprises (MSMEs), is seeking partnership with large fast-moving consumer goods (FMCG) companies, specifically those involved in food manufacturing,...
A two-week hard lockdown could mean wage losses of P30 billion and closure of 18 percent of establishments, affecting 1.8 million workers in the National Capital Region (NCR) and neighboring provinces, according to Trade and Industry Secretary Ramon M. Lopez. Department of Trade and Industry...
Department of Trade and Industry (DTI) Secretary Ramon Lopez insisted that the national government isn't belittling the highly-transmissible Delta variant of the coronavirus disease (COVID-19) despite its decision to not budge from the current general community quarantine (GCQ). Department of Trade...
Cement importers are seeking for refund of P1.28 billion safeguard duties paid on their importation. This developed as the Cement Importers Association of the Philippines (CIAP) filed a petition before the Court of Tax Appeals (CTA) to challenge the imposition of the definitive safeguard duty on...
Participants and domestic autoparts manufacturers in the Comprehensive Automotive Resurgence Strategy (CARS) program expect to receive an estimated P2.6 billion in fiscal tax incentive claims. Ferdinand Raquelsantos, president of the Philippine Parts Makers Association (PPMA), said that of the...
Domestic vehicle parts manufacturers have strongly urged government to sustain its support for the CARS (Comprehensive Automotive Resurgence Strategic) Program as they lost their fight for tariff protection on locally produced motor vehicles and to save local jobs, blaming it to “bullying and...
The Department of Trade and Industry said entrepreneurship has been its major contribution to the Duterte administration given the government’s strong support in the development of the micro enterprises sector. Trade and Industry Secretary Ramon M. Lopez noted that this will form part of a...
