The Department of Trade and Industry (DTI) has teamed up with the Creative Content Creators Association of the Philippines Inc. (SIKAP) to provide stronger support for local content creators, including the protection of their original works. In a statement, the DTI said it signed a memorandum of...
Business names registered with the Department of Trade and Industry (DTI) expanded by more than 10 percent in the first four months of the year to over 540,000, as business activity across the country remained strong despite rising costs. The latest DTI data showed that business name registrations...
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...
Groundbreaking for the planned United States (US) economic security zone in the Philippines could take place within the current Marcos Jr. administration, with the project expected to generate hundreds of thousands of jobs once fully developed, Philippine investment officials said. Officials from...
The Federation of Philippine Industries (FPI) is escalating its fight against substandard goods, petitioning the Supreme Court to strip lower courts of their power to freeze the enforcement of mandatory product standards. In a letter-petition addressed to the high tribunal, the country’s largest...
The inflation-targeting Bangko Sentral ng Pilipinas (BSP) is expected to raise the policy rate by 25 basis points (bps) to 4.5 percent to confront war-driven price hikes head-on, according to investment banking giant Goldman Sachs. “Given its price stability mandate, we believe the BSP will hike...
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 Department of Trade and Industry (DTI) is rolling out a ₱2 billion financing program aimed at accelerating the shift to electric vehicles (EVs) among the country’s small-scale transport players. In a statement on Friday, April 17, the DTI said the initiative, managed by its financing arm,...
The United States (US) and the Philippines are planning to establish a 4,000-acre, or a nearly 1,619-hectare (ha), industrial hub in Luzon aimed at strengthening supply chains for critical inputs, according to the US Department of State. In an April 16 fact sheet, the US State Department said the...
The Philippine government has pushed back against a United States (US) probe, asserting that its labor and trade policies neither enable forced labor nor disadvantage American businesses. In an April 14 position paper seen by Manila Bulletin, Department of Trade and Industry (DTI) Undersecretary...
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...
