The National Development Corp., the government investment arm under the Department of Trade and Industry (DTI), has approved P250 million venture fund for tech startups. Trade and Industry Secretary Ramon Lopez. (ALFRED FRIAS/PRESIDENTIAL PHOTO FILE PHOTO) This was announced by DTI Secretary...
The exodus of overseas Filipino workers leaving their employment abroad or being displaced because of the pandemic is one major source of headache for the government, which is still battling the surging cases of COVID-19 in the country. A total of 569,462 OFWs had been repatriated last year and...
The government has allocated at least P22 billion for the development of bamboo industry in the country from 2021 to 2022 as the high value added forest product has good export potential, wide industry applications, and jobs creation. Trade and Industry Secretary Ramon M. Lopez said at the North...
Business name registration in pandemic year 2020 rose 48.69 percent as economic difficulties drove Filipinos to think of ways to augment income. Data from the Department of Trade and Industry (DTI) showed that business name registration, the first step in starting a single proprietorship business,...
The Department of Trade and Industry (DTI) is exploring Latin American markets as new frontier for the Philippine films and televisions contents. The Philippine Trade and Investment Center (PTIC) in Latin America, together with the Film Development Council of the Philippines (FDCP)...
Only less than 5 percent of establishments have remained closed from a peak of 34 percent last year, according to the latest Impact Assessment Survey of the Department of Trade and Industry (DTI). Trade and Industry Secretary Ramon M. Lopez announced this improvement in his message at the...
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...
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...
A purchase may seem trivial, but the collective effort to patronize local products spurs patriotism and love of country. Fortunately, some Filipino MSME owners are seeing an optimistic trend, with more local consumers looking to buy their products. Majority of local MSMEs in the country are also...
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...
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...
Establishments are required to reinforce existing minimum public health and safety standards and protocols in light of the local transmission of new COVID-19 variants. Joint advisory No. _2_1_-_0_1_ Series of 2021 issued today, March 9, by the Department of Trade and Industry and...
