Several manufacturers of basic necessities and prime commodities (BNPCs) have voluntarily implemented a 60-day price freeze on select basic goods to address rising prices and mitigate the impact of El Nino on consumers, according to the Department of Trade and Industry (DTI). In a statement...
Consumer groups are pushing Congress to uphold automatic refunds for airline passengers whose flights are canceled or delayed for several hours. Just last week, the Transportation Department announced a rule requiring airlines to pay quick and automatic refunds. President Joe Biden touted the rule,...
TOKYO — Japan recorded a trade deficit for the third straight fiscal year as the costs of energy and other imports rose and the yen remained weak. The deficit was 5.89 trillion yen ($38 billion) for the fiscal year that ended in March, according to Finance Ministry data released Wednesday....
In one classic finance case I took up in graduate school, an owner-manager of a small business was very pleased reviewing the positive results in the firm’s profitability metrics – net profit margin, gross profit margin, return on assets and return on equity. Noting the favorable results,...
More programs and initiatives aligned with the development of the country’s micro, small, and medium enterprises (MSMEs) are to be expected from the collaboration between non-profit organization Go Negosyo and the Department of Trade and Industry (DTI). Officials of the Department of Trade...
House Speaker Martin Romualdez (Speaker’s office) The near-doubling of senior citizens and persons with disabilities' (PWDs) discount on groceries and other prime commodities to P500 per month is guaranteed for implementation this...
GENEVA, Switzerland -- Fisheries, agriculture and WTO reform will be at the heart of intense negotiations when trade ministers from around the world gather in Abu Dhabi later this month. Big deals are unlikely during the World Trade Organization's 13th ministerial meeting, since its rules require...
Senator Sherwin Gatchalian on Friday, December 29 defended the Marcos administration’s spending for foreign and local trips next year and urged government agencies to follow through on investment pledges that would be made during these official visits. “The President is the most potent...
Trade and Industry Secretary Alfredo E. Pascual reported that a total of P169.7 billion in actual investments have been generated from the 34 letters of intent and agreements signed with various Japanese companies during President Marcos visit to Japan in February this year. Pascual reported the...
TOKYO, Japan—Proposed economic reforms in the 1987 Constitutions will not be brought up in the forums President Marcos will participate in during his four-day trip here. DTI Secretary Alfredo Pascual (Photo courtesy of PPA Pool/Yummie Dingding)) Although Marcos has confirmed that the government...
The Department of Trade and Industry (DTI) believes that strengthening its economic partnerships with the United Arab Emirates (UAE) will greatly benefit the country's growth, citing the UAE as a "promising partner" with strong and mutual alignments in trade and investment. This sentiment follows...
Senator Mark Villar, chairman of the Senate Committee on Trade, Commerce, and Entrepreneurship, joined the Department of Trade and Industry (DTI) headed by Secretary Alfredo Pascual in a price monitoring activity of Noche Buena items in one of the grocery stores in Divisoria market in Manila....
