Nearly P2 billion worth of smuggled and counterfeit products were seized over the weekend in what the Philippine National Police (PNP) described as proof of the power of unified law enforcement among government agencies. PNP chief Gen. Jose Melencio C. Nartatez, Jr. said the back-to-back raids in...
The Department of Trade and Industry (DTI) is seeing surge of interest from global automotive manufacturers looking to tap into the government’s forthcoming incentive program aimed at establishing the country as a regional hub for electric vehicle (EV) production. Trade Undersecretary and Board...
The jump in the March inflation rate has set the stage for a potential 50-basis-point (bp) rate hike by the Bangko Sentral ng Pilipinas (BSP) during the second quarter, according to global investment banking giant Goldman Sachs. In an April 7 report obtained by Manila Bulletin, Goldman Sachs...
The Department of Trade and Industry (DTI) will no longer pursue an incentive program aimed at attracting investments in internal combustion engine (ICE) vehicles, as it shifts its focus toward the domestic production of electric vehicles (EVs). Trade Secretary Cristina Roque told reporters on...
The country’s top manufacturers once again agreed to hold off on price hikes, such that there will be no increases for basic necessities and prime commodities (BNPCs) at least until the end of the month, according to the Department of Trade and Industry (DTI). At the Kapihan sa Manila Bay forum...
The country’s electronic exports are projected to more than double to $110 billion by 2030 through a strategic roadmap aimed at moving the local industry up the value chain, according to the Department of Trade and Industry (DTI). “Semiconductors are our number one export, and we want to keep...
The Department of Trade and Industry (DTI) is prepared to adjust and potentially lower its investment and export targets for the year as the ongoing war in the Middle East casts a shadow over global trade and the country’s investment appeal. Trade Secretary Cristina Roque told reporters that the...
Business names registered with the Department of Trade and Industry (DTI) rose by seven percent in the first quarter to more than 460,000 compared with the previous year, as higher fuel prices failed to slow the country’s surging entrepreneurial activity. Data from the DTI showed that business...
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...
Businesses that demonstrate greed in times of crises--including the current phase of runaway fuel prices--will not be spared by the government. Thus, said Senator Francis "Kiko" Pangilinan, who on Black Saturday, April 4 reckoned that businessmen and traders must never profit from other people’s...
The Department of Trade and Industry (DTI) rejected a petition to impose definitive safeguard duties on imported corrugating medium paper, ordering the immediate refund of cash bonds previously collected from importers to shield the local industry. In Department Administrative Order (DAO) No....
The United States (US) is targeting the expansion of its key agricultural exports to the Philippines as it launches a trade mission in Manila next month to unlock new agricultural opportunities. In a statement, the US Department of Agriculture (USDA) said it will lead an agribusiness trade mission...
