The Department of Industry (DTI) has estimated that about $13.76 billion worth of renewable energy (RE) projects, majority of which were generated during the recent visit to China by President Ferdinand R. Marcos Jr., are in the pipeline and in varying investment stages. Trade and Industry...
The Philippines and China have signed a memorandum of understanding (MOU) to strengthen the established strategic cooperative relationship by focusing on the growth of electronic commerce between the two countries. The agreement was signed by Trade and Industry Secretary Fred Pascual and Chinese...
The Department of Trade and Industry's (DTI) price monitoring and enforcement teams now include red onions in their regular inspection of items covered by the suggested retail prices (SRP). DTI Secretary Alfredo E. Pascual fielded the agency's price monitoring teams beginning on Dec. 30, 2022 to...
Trade and Industry Secretary Alfredo E. Pascual has accomplished and implemented various programs from investments to facilitating IT scholarships of students from low-income families since his appointment as DTI chief by President Ferdinand Marcos Jr. in July this year. According to the DTI, a...
Trade and Industry Secretary Alfredo E. Pascual has urged companies to consider the Philippines as their preferred investment destination because it is a gateway to the 10-member countries of ASEAN. During the Hong Kong ASEAN Summit 2022, the Philippine trade chief took advantage of the Summit to...
A shift from a pandemic to an endemic mindset will help mitigate the impact of external shocks, such as the Russia-Ukraine crisis, as well as minimize the long-term scarring effects of Covid-19, three of the government’s economic managers said. In a joint statement on Thursday, March 24, Finance...
More than 300 Japanese guests from Japan’s leading corporate and financial institutions have participated in the virtual Philippine Economic Briefing (PEB) that highlighted the Duterte administration’s efforts to push for a much stronger and more inclusive economy in the post-COVID-19 pandemic...
The Fiscal Incentives Review Board (FIRB) has approved the grant of tax incentives for a mass housing project and two cement manufacturing plants all located outside Metro Manila. Chaired by Finance Secretary Carlos G. Dominguez III, the FIRB during its third meeting last August 2 approved the tax...
Trade and Industry Secretary Ramon M. Lopez has batted for continued support such as loan moratorium, rent relief and industry support funds to troubled micro, small and medium enterprises (MSMEs) as the way forward to recovery. At the virtual hearing by the Senate committee on trade, commerce, and...
OCEA, a French shipbuilding company, has pledged P1.5 billion in investments for a shipyard project in the Philippines that may potentially create 500-600 direct and indirect jobs, according to the Department of Trade and Industry. The investment pledge was revealed by OCEA Chief Executive Officer...
Shenzhen Grandsun Electronics Co. Ltd., a Chinese sub contractor of a European company, is planning to expand operation in the country in one of the economic zones in Batangas City. This was revealed by Trade and Industry Secretary Ceferino S. Rodolfo at the recent virtual meeting with members...
The reimposition of the 40 percent tariff on mechanically deboned meat (MDM) will bring in additional P5.5 billion revenues to the country, but will only mean minimal increase in prices for consumers, according to Samahang Industriya ng Agrikultura (SINAG). SINAG made this case as it formally...
