World Trade Center Metro Manila (WTCMM), one of the country’s most prominent event venues, is embarking on a ₱3-billion expansion to increase capacity and meet the growing demand for international exhibitions and trade shows. WTCMM said in a statement that the investment will expand its total...
The United Nations Conference on Trade and Development (UNCTAD) warned that critical mineral partnerships, such as the United States-led Pax Silica initiative, must align with multilateral trading rules to avoid exacerbating the fragmentation of the global trade system. In its latest global trade...
The Department of Trade and Industry (DTI) has extended its partnership with the Women’s Business Council Philippines Inc. (WomenBizPH) for another six years to broaden public and private sector support for women-led businesses. Trade Secretary Cristina Roque signed a memorandum of agreement...
The Philippines is eager to expand bilateral ties with Egypt to open up a promising new market for local exporters and strengthen trade and investment cooperation, the Department of Trade and Industry (DTI) said. Trade Secretary Cristina Roque said she recently met with Egyptian Ambassador Nader...
The Philippines’ trade deficit could widen further in the coming months as export growth loses momentum while imports continue to surge, increasing the economy’s vulnerability to external shocks, Singapore-based Oversea-Chinese Banking Corp. Ltd. (OCBC) warned. “Looking ahead, the divergence...
The Department of Trade and Industry (DTI) saw a nearly 12 percent increase in business name registrations from January to May compared to the previous year, driven by robust demand among entrepreneurs venturing into wholesale and retail trade. Data gathered by the DTI’s business name...
The Philippines is now taking steps to evade the imposition of a 12.5-percent tariff from the United States (US) over its alleged failure to crack down on the importation of goods made with forced labor. Trade Undersecretary Allan Gepty said the government would respond to the proposed duties by...
The Philippines could soon face additional duties of up to 12.5 percent on some of its exports to the United States (US) as a result of its alleged failure to enforce measures banning the entry of goods produced with forced labor. The Office of the US Trade Representative (USTR) announced in a...
The Department of Trade and Industry (DTI) defended its proposed mandatory product certification for solar energy systems, saying the measure is aimed at protecting consumers from substandard products and preventing the Philippines from becoming a dumping ground for rejected equipment. In a...
The government’s new list of economic activities eligible for incentives is expected to encourage the entry of investments aimed at propelling the country’s economic growth, according to the Department of Trade and Industry (DTI). Trade Secretary Cristina Roque said the government is looking...
The value of the country’s digital economy is expected to grow with the signing of the Digital Economy Framework Agreement (DEFA), which would mark the world’s first region-wide digital economy pact, according to the Department of Trade and Industry (DTI). Once signed, Trade Secretary Cristina...
The Department of Trade and Industry (DTI) is imposing a safeguard duty of ₱349 per metric ton (MT) on cement imports from neighboring China and Indonesia after both countries’ outbound shipments to the Philippines exceeded the exemption threshold. Under Department Administrative Order (DAO)...
