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 country’s leading mining groups have defended tree-cutting activities overseen by mining companies, maintaining that such operations are tightly governed by stringent environmental oversight and regulatory requirements. In separate statements, the Chamber of Mines of the Philippines (COMP)...
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)...
Twenty-five years after the Electric Power Industry Reform Act (EPIRA) restructured the country’s electricity sector, government and industry players are expected to raise a toast to “market liberalization” as a success story. Whether consumers feel just as energized, however, is another...
Philippine economic growth needs “a major impetus” after slowing to its weakest pace since the pandemic recovery period, with rising inflation, higher interest rates, and the prolonged Middle East conflict expected to weigh on the country’s property sector, according to property consultancy...
China-based automotive design and engineering company Shanghai Launch Automotive Technology Co. Ltd. (Launch Design) is exploring potential partnerships to help develop a local electric vehicle (EV) brand, according to the Department of Trade and Industry (DTI). In a statement on Thursday, May 28,...
The Department of Trade and Industry (DTI) is studying a new policy that would regulate the manufacturing, distribution, and use of solar energy systems in the country as part of efforts to strengthen public safety and address concerns raised by electric utility firms. During a public consultation...
The Philippines encouraged member economies of the Asia-Pacific Economic Cooperation (APEC) to reject arbitrary non-tariff measures (NTMs) and push for key reforms in the global trading environment to ensure resilient supply chains, the Department of Trade and Industry (DTI) said. Trade Secretary...
The Philippines will hold the next round of negotiations for a free trade agreement (FTA) with the European Union (EU) next month, taking one step closer towards the conclusion of a historic deal that would grant wider market access to the country’s exports. Trade Undersecretary Allan Gepty told...
China-based steel manufacturing giant Panhua Group Co. Ltd. will begin operations at its $1-billion facility in Sarangani province next month as part of its multi-billion investment commitment to the Philippines, according to the Department of Trade and Industry (DTI). Trade Secretary Cristina...
The Department of Trade and Industry (DTI) remains optimistic that the boom in artificial intelligence (AI), agricultural trends, and an aggressive push for new free-trade agreements (FTAs) will shield the country’s export sector from deepening disruptions in the Middle East. Trade and Industry...
The Department of Trade and Industry (DTI) said it will no longer pursue plans to require mandatory permits for advertisements before they are made public, a move criticized for burdening online sellers and small companies. In a public advisory, the DTI said it will not pursue, implement, or adopt...
