The plea to prioritize local produce over imports has gone louder as another domestic manufacturing industry has called on government to prioritize local cement procurement amid declining profitability. Local cement players are asking the government and the private sector to patronize and support...
The Department of Trade and Industry has initiated a preliminary investigation on imported cement from Vietnam after data showed “dumping” of cement prices to the Philippines is causing material injury to the domestic industry. The move is seen to cause a double whammy effect on Vietnam’s...
The local stock market is seen to continue to be weighed down by concerns over the COVID-19 pandemic although upcoming annual stockholders’ meeting may also influence investors depending on the tone they set. “Next week, we still see a downward bias for the local market as pandemic worries are...
Department of Trade and Industry (MANILA BULLETIN) The Philippines has expanded the list of countries covered with the safeguard measure on cement importation with additional 13 countries, including Indonesia, as sourcing of cheap cement may have been diverted to countries previously exempt from...
The Securities and Exchange Commission (SEC) has approved Aboitiz Power Corporation’s planned issuance of fixed-rate bonds worth up to P30 billion. The SEC said AboitizPower may issue the debt securities in one or more series within three years. For the first tranche, the listed...
Everyone has dabbled into a passion project or two this lockdown to keep themselves busy. Makeup artist Chuchie Ledesma is one of them, but what makes her candles stand out is how her first collection of limited scented candles have been thoughtfully and carefully conceptualized. Himo1987 How it...
Local cement manufacturers, which enjoyed government protection in the form of safeguard tariff against imported cement, are strongly supporting for the “Build Lokal” campaign of the Department of Trade and Industry (DTI), which promotes the prioritization of locally produced building...
The local stock market is seen to trade with a downward bias this week even as investors await the release later in the week of the gross domestic product figure for the fourth quarter of 2020. “The local market’s bias is still seen to be tilted to the downside amid waning optimism and...
The Philippines’ Tariff Commission (TC) has set a public hearing on wide ranging product categories totaling 37 tariff lines, including rice, corn, cars, motor vehicle parts, chemicals, and cement imported from Thailand which tariff concessions may be suspended in retaliation to Thailand’s...
The Department of Trade and Industry (DTI) has stood its ground stating it does not need the concurrence from the Tariff Commission (TC) to adjust a safeguard duty rate on a particular import that has been causing injury or serious threat to a domestic industry. This was stated by Bureau of Import...
There appears to be confusion in the imposition of the second year safeguard duty on imported cement with the Department of Trade and Industry (DTI), the Tariff Commission (TC), and the Bureau of Customs (BOC) apparently not coordinating with each other. This transpired at the recent public hearing...
The Department of Trade and Industry (DTI) has given in again to the demand of domestic cement manufacturers as it hiked the second year safeguard duty to P9.80 on 40-kilogram bag imported cement, almost at the same level as last year’s P10 duty and higher than the original P9 duty it ordered...
