The country’s trade deficit narrowed in October this year as both exports and imports contracted, data from the Philippine Statistics Authority showed. The gap in the trade balance, which is the difference between the value of export and import, reached $1.77 billion in...
The Department of Finance (DOF) ordered the Department of Trade and Industry (DTI) to return to the government coffers the P32.6 billion sitting idle in the state-owned Philippine International Trading Corp. (PITC). In a statement, Finance Secretary Carlos G. Dominguez III said he has...
The Philippine peso’s rally has defied the odds as the global pandemic raged. Now as the currency stalls, the nation’s trade data could bring a second wind. A widening current account surplus and narrowing trade gap helped propel the peso to the top of the Asia-Pacific currency leader board by...
The Department of Trade and Industry (DTI) has ordered all manufacturers and operators of bagging facilities to immediately cease all printing operations of previously approved cement bag designs indicating the words "Product of the Philippines" but are used to pack imported cement products as it...
Despite the latest warning of the Brazilian government to file legal cases against the Philippine government before the World Trade Organization (WTO), the Department of Agriculture (DA) is determined to keep the disputed import ban on poultry meat coming from the South American country. Department...
The Department of Trade and Industry has relaxed effective today, Thursday, the control measures in the operation of malls and commercial centers but with strict compliance to the health and safety protocols. DTI Secretary Ramon M. Lopez issued Memorandum Order C No. 20-55 on Easing of Control...
Brazil, one of the Philippines major sources of poultry meat and poultry products, has advised the government authorities of its intention to bring to the World Trade Organization its “specific trade concerns” if it cannot immediately and completely revoke the ban on the importation of Brazil...
The Department of Trade and Industry (DTI) is incentivizing local enterprises for them to adopt to digital technologies because while majority of enterprises are aware of the need to transform digitally many of them are facing various constraints, particularly the lack of capital. DTI...
The Department of Trade and Industry (DTI) will reimpose the mandatory certification of locally manufactured and imported plywood citing unfair competition from imported substandard plywood that threatens not only public safety, but also the local wood manufacturing industry. Trade and Industry...
Trade and Industry Secretary Ramon M. Lopez has vowed that micro small and medium enterprises (MSMEs) doing transactions with the government can expect a fully-automated digital platform with a refined customer service team any time of the day by next year. Lopez issued this commitment at the...
The Philippines ranked fourth as potential location site for EU businesses among countries in ASEAN, which also lost steam as EU favorite with new regions also being eyed as good sites for global supply chain relocation, a 2020 EU-ASEAN Business Sentiment Survey showed. Photo credit:...
Entrepreneurs are known for their sheer grit and determination, without hesitation to seek for help and inspiration from professionals when things get rough. Edith Christmae Tan is already an entrepreneur in her own right. She owns a 6-hectare farm in Northern Mindanao, but when the pandemic...
