The Department of Trade and Industry (DTI) is optimistic that it will secure commitments from major manufacturers to hold off on price adjustments for the coming month, even as some companies are already pushing for hikes amid rising logistics costs. The DTI earlier reached a deal with makers of...
The Philippines is studying the prospect of a free trade agreement (FTA) with Paraguay as it looks to bolster market access for key domestic products abroad, according to the Department of Trade and Industry (DTI). Trade Secretary Cristina Roque told reporters that a potential FTA with the South...
The government is set to soon launch an incentive program aimed at encouraging companies to manufacture electric vehicles (EVs) in the country, with at least four automotive firms already expected to participate. Finance Secretary Frederick Go, President Macos’ point man for investment and...
Despite escalating tensions in the Middle East, the Board of Investments (BOI) is pressing ahead with investor engagements in the region, as firms signal continued interest in Philippine projects and new opportunities emerge from the country’s inclusion in the United States (US)-led Pax Silica...
The United States (US) and the Philippines have selected New Clark City in Tarlac as the site for a 4,000-acre technology economic zone in efforts to rewire global supply chains away from Chinese dominance. Frederick D. Go, who also serves as the country’s investment czar, told Manila Bulletin on...
The government has reached a fresh agreement with manufacturers and retailers to extend the nationwide price freeze on essential goods until May 10, providing a temporary shield for consumers against rising living costs. On Friday, April 17, Trade Secretary Cristina Aldeguer-Roque announced the...
The collapse of peace talks between the United States (US) and Iran over the weekend could hurt semiconductor manufacturers in Asia, including the Philippines, according to British banking giant Barclays. “A prolonged energy disruption could lead to a tail-risk scenario that hits semiconductor...
On the heels of a record-high performance in 2025, the country’s merchandise exports may post flat growth this year as the ongoing war in the Middle East drives up fuel costs and disrupts supply chains, according to the Department of Trade and Industry (DTI). “To be honest, it 's hard to...
The Philippines is projected to increase its consumption of wheat-based products in the current marketing year (MY) to nearly seven million metric tons (MT), although rising input costs may temper growth, according to the United States Department of Agriculture (USDA). In a report, the USDA...
Vietnamese electric vehicle (EV) ride-hailing firm Green and Smart Mobility (GSM), operating as Green GSM in the Philippines, is planning a major expansion in the country to take advantage of rising demand for transport services as fuel prices soar, the Department of Trade and Industry (DTI) said....
The Jollibee Group has formally opened in Danao City its largest commissary outside of Luzon, designed to expand its manufacturing and logistics footprint across the rapidly growing VisMin region and the wider Philippines. The state-of-the-art facility facility is the fourth—and...
DAVAO CITY – Davao City first district Rep. Paolo Duterte criticized the assertion that a Filipino family can prepare Noche Buena (Christmas Eve repast) with only P500, calling the idea detached from the realities faced by ordinary households. In a Facebook post on Monday, Dec. 1, Duterte slammed...
