Exporters are strongly urging the government to double the budget of the Department of Trade and Industry (DTI) to P10 billion to boost support and development of the country’s exports sector as they grumbled about the “tokens” and “lip service” given to the sector, which targets to...
Trade and Industry Secretary Alfredo E. Pascual expressed confidence the country’s free trade agreement (FTA) with South Korea will be signed within the year. Pascual told reporters covering the Philippine Retailers Association (PRA) Outstanding Filipino Awards Night last week that the text of...
Trade and Industry (DTI) Secretary Alfredo E. Pascual has ordered two big e-commerce platforms to explain consumer complaints about deceptive, unfair, fraudulent, and unconscionable online sales practices. Except for the terms “two big e-commerce” platforms, Pascual did not divulge the names of...
DAVAO CITY – The Department of Trade and Industry (DTI)-Davao said a Canadian company will pour in around $2 million in Davao del Norte for a bamboo project commencing this year. Based on the report released by DTI-Davao on Wednesday, June 7, the bamboo project will consist of a processing plant...
The Philippines has requested Japan to consider enhanced market access for cavendish bananas in exchange for Japan’s interest for market access of its automotive products. Trade and Industry Secretary Alfredo E. Pascual and Minister Yasutoshi Nishimura of Japan’s Ministry of Economy, Trade, and...
Trade Secretary Alfredo Pascual said on Tuesday, June 6, that he would fly to Brussels, Belgium toward the end of June to follow up on the Philippines’ status on the European Union’s (EU) Generalized Scheme of Preferences Plus (GSP+), as well as negotiations on the Free Trade Agreement (FTA)....
Department of Trade and Industry (DTI) Secretary Alfredo Pascual is confident that the recent announcement of Saudi Arabia that it would cut down on oil production would not necessarily lead to an increase in the prices of basic commodities in the country. Trade Secretary Alfredo Pascual (RTVM...
A development plan that would help the "laggard" Philippines improve its export performance has been approved by President Ferdinand "Bongbong" Marcos Jr. President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of KJ Rosales/PPA Pool) Trade Secretary Alfredo Pascual announced that Marcos has...
The Department of Trade and Industry (DTI) has introduced a program that would directly link onion farmers, and possibly rice farmers, to institutional buyers and loan assistance to farmers as one of measures to stabilize prices of basic goods in the country. Dubbed “Farmer Retail Market”...
Trade and Industry Secretary Alfredo E. Pascual said manufacturers, whose raw materials are sourced from members of the Regional Comprehensive Economic Partnership (RCEP) countries, are expected to experience reduced cost, but he also hastened to add that the impact on consumer prices will largely...
Trade and Industry Secretary Alfredo E. Pascual said that based on the agency’s market monitoring, supplies of basic goods in the groceries are enough for the next 2-4 weeks. Pascual made this assurance after meeting with manufacturers of basic necessities and prime commodities (BNPCs) as...
Manufacturers of canned sardines, coffee, salt, instant noodles and canned meat have submitted requests to the Department of Trade and Industry (DTI) to increase the Suggested Retail Price (SRP) of these basic goods. DTI Secretary Alfredo E. Pascual said that manufacturers cited various reasons for...
