President Marcos has approved the Coconut Farmers and Industry Development Plan (CFIDP) until 2028. Marcos signed issued Memorandum Circular No. 84 dated May 21 which approved and adopted the Coconut Farmers and Industry Development Plan 2024-2028. The CFIDP aims to provide targeted interventions...
The Department of Trade and Industry (DTI) reported a 71 percent surge in approved investments to ₱3.54 trillion under the Marcos administration from July 2022 to April 2025, driven largely by renewable energy projects. In a statement, Trade Secretary Cristina A. Roque said the total includes...
Motorists may feel some ease in their pockets next week, as oil prices are likely to get rollbacks Based on the four-day Mean of Platts Singapore (MOPS) trading, diesel prices may either retain their current price or decline by ₱0.30 per liter. Gasoline, on the other hand, has uncertain price...
Japanese cement company Taiheyo Cement Corp. expressed its gratitude to the Department of Trade and Industry (DTI) over its decision to impose provisional safeguard duties on cement imports that were found to be harming the local industry. In February, the DTI imposed duties of ₱400 per metric...
President Marcos ' directive for Cabinet resignations has sparked a mix of hope and apprehension in the local financial market, as some view it as a necessary step toward improved governance and economic performance, while others are concerned about potential market volatility during the...
Top South Korean companies, including the conglomerate Lotte Group, are planning to invest and expand into the Philippines, with a focus on food service, franchising, and retail modernization. In a statement, the Department of Trade and Industry (DTI) said Secretary Cristina Roque met with...
The Insurance Commission (IC) reported on Wednesday, May 21, that the local life insurance industry’s total premium income surged 13.9 percent to ₱99.9 billion in the first quarter of the year, boosted largely by a massive jump in single premiums under variable life insurance. By volume, the...
The Department of Trade and Industry (DTI) has seized nearly ₱130 million worth of uncertified electrical and electronic products last year, as the agency intensified its monitoring against potentially dangerous goods. Based on DTI data, 358,717 goods were confiscated in 2024, with a retail value...
The Bureau of Animal Industry (BAI) assured the public that poultry products, such as chicken meat and eggs, are safe for human consumption following the recent detection of a new bird flu subtype in Camarines Sur. BAI earlier reported that the country’s first case of highly pathogenic avian...
Oriental Tin Can (OTC), a leader in the metal packaging sector, is celebrating its 70th anniversary following its seven decades of commitment to producing high-quality tin cans. OTC is commemorating its 70th anniversary this year, marking seven decades as a pioneering force in the metal...
The Department of Trade and Industry (DTI) is looking to partner with American technology giant Google to pursue investments aimed at enhancing the country’s digital infrastructure and capabilities. Trade Secretary Cristina Roque met with top officials of Google last week on the sidelines of the...
Motorists will need to tighten their belts after a two-week rollback in May, as oil prices are expected to increase next week. Based on the four-day trading at Mean of Platts Singapore (MOPS), gasoline may go up by somewhere between ₱0.95 and ₱1.40 per liter, while diesel could climb by ₱1.50...
