The Department of Trade and Industry (DTI) has vowed to take strong measures against illegal business operations to safeguard consumers and maintain fair trade. In a statement on Wednesday, July 10, Trade Secretary Alfredo E. Pascual said that illegal business operations will face zero tolerance in...
The country’s trade deficit widened in May after a measly decline in imports and exports, data from the Philippine Statistics Authority (PSA) showed Wednesday, July 10. The trade deficit, or the difference between the value of exports and imports, reached $4.60 billion in the fifth month of 2024,...
The Board of Investments (BOI) has granted approval for agricultural projects totaling nearly P10 billion to bolster the country’s food security and resilience. In a statement, the Department of Trade and Industry’s (DTI) investment promotion agency said the Department of Agriculture (DA)...
The Department of Trade and Industry (DTI) recently unveiled a price guide for school supplies ahead of the upcoming school year. The guide, titled "Gabay sa Pamimili ng School Supplies," is designed to assist consumers in making informed purchasing decisions. Here are the price ranges...
The Department of Trade and Industry (DTI) is planning to streamline the suggested retail price (SRP) bulletin by removing certain products. In a statement on Wednesday, Junly 3, DTI said this proposal was presented at a recent meeting of the National Price Coordinating Council (NPCC)....
The Board of Investments (BOI) approved P640.22 billion worth of investments for the first five months of this year, led by domestic investments and continuous projects in the renewable energy (RE) sector. This year’s end-May investment figure was 14 percent higher than the P562.90 billion...
Foreign Affairs Secretary Enrique Manalo on Thursday, June 13, urged Hungary to invest in the Philippines, particularly in the fields of agriculture, information and communications technology (ICT), and digital and water technologies. In a bilateral talk with Hungarian Foreign Minister Peter...
President Marcos hopes that the Philippines and Hungary can forge new partnerships to strengthen their economic ties. President Ferdinand 'Bongbong' Marcos Jr. meets with Hungary's Foreign Affairs and Trade Minister Péter Szijjártó at the Malacañan Palace on June 13, 2024. (Photo courtesy of...
A surge in imports led to the country’s trade deficit reaching its highest level since November last year, preliminary data from the Philippine Statistics Authority (PSA) showed. Based on the PSA report released on Tuesday, June 11, the gap in the trade balance, or the difference between the...
Additional major basic goods manufacturers are implementing voluntary price freeze on select items in support of Filipino consumers amid rising prices of goods and the impact of the El Niño phenomenon, the Department of Trade and Industry (DTI) reported. In a statement, DTI Secretary...
A free trade agreement between the Philippines and the United States may not yet be possible in the immediate future. US Senator Chris Coons, who is visiting Manila, said Friday, May 31, it is not because the US government is reluctant to do so, but because of strong opposition coming from...
DTI Assistant Secretary Amanda Nograles answering questions from reporters in Makati City (Dexter Barro II/MANILA BULLETIN) Vape products that are unable to register for a Philippine Standard (PS) license or an Import Commodity Clearance (ICC) will no...
