The Department of Trade and Industry (DTI) is seeking to increase its proposed budget for next year by as much as ₱2 billion to enhance the country’s investment promotion programs and attract more foreign investments amid ongoing trade tensions. Under the National Expenditure Program (NEP),...
The Philippines is negotiating with the United States (US) to exempt exports of coconut products from the 19-percent reciprocal tariffs imposed by US President Donald Trump, according to the Department of Trade and Industry (DTI). DTI Secretary Cristina Roque said the government is working to...
The Philippine Embassy in Beijing said that a trade mission from China is expected to arrive in Manila in October to give Chinese businesses the opportunity to explore investment options in the country. This came after Philippine officials partnered with Global Investment Council (GIC) to organize...
Even amid its war with Russia, Ukraine is open to do business with the Philippines as the two countries prepare to create a joint trade commission to enhance economic cooperation, Ukrainian Ambassador to Manila Yuliia Fediv said. The envoy led the Special Forum on Ukraine–Philippines Landscape...
Senator Panfilo "Ping" Lacson has called for an immediate investigation and filing of the necessary criminal and administrative charges against at least two members of the Philippine Contractors Accreditation Board (PCAB) for overlapping and conflicting positions as owners of construction companies...
Now in its 39th year, the Negros Trade Fair, the longest-running provincial trade fair in the country, marks several new milestones under the theme “Himbon”, the act of coming together under one shared purpose. “This year, we wanted to bring everyone together to remind us of the stories and...
Multinational biopharmaceutical giant AstraZeneca is poised to invest more than ₱7 billion over the next three years as part of its commitment to advance scientific innovation in the Philippines’ healthcare system, including the establishment of the country’s first health innovation hub....
The Philippines is banking on new trade agreements to boost market access and reverse the decline in exports and foreign investments due to uncertainties driven by the tariff policy of the United States (US), according to Trade Secretary Cristina Roque. Based on data from the Philippine Statistics...
The Philippines has once again secured a quota of 145,235 metric tons raw value (MTRV) of raw cane sugar at a lower tariff rate for the upcoming fiscal year (FY), according to the Office of the United States Trade Representative (USTR). In a statement over the weekend, the USTR announced that the...
Indian dyes and chemicals company Kiri Industries Limited (KIL) is exploring the prospect of expanding in the Philippines through an integrated copper smelting, refining, and fertilizer production facility, according to the Department of Trade and Industry (DTI). In a statement, the DTI said KIL...
Keen to advance nuclear energy development, Manuel V. Pangilinan-led Manila Electric Co. (Meralco) is set to receive funding support from the United States (US) government nearly three years after it first sought assistance to explore the potential of small modular reactors (SMRs). On the sidelines...
The Marcos administration has secured a commitment from Indian infrastructure giant GMR Group to develop the Sangley Point International Airport (SPIA) in Cavite to help decongest the Ninoy Aquino International Airport (NAIA) and improve regional connectivity. According to a statement from the...
