The existing procurement law must be amended first in order to give local manufacturers of personal protective equipment (PPE) a fighting chance against its international competitors, an official of the Department of Trade and Industry (DTI) said. DTI Undersecretary Ruth Castelo (Screengrab from...
At least 500,000 Filipinos could regain their jobs once the reopening of personal care establishments and indoor dining in restaurants are allowed by the Inter-Agency Task Force (IATF), the Department of Trade and Industry (DTI) said. (Photo courtesy of the Department of Trade and Industry) If this...
Digitalization is well on its way in the Philippines with both government and the private sector embracing digital destiny, according to Trade and Industry Secretary Ramon M. Lopez. At the Sulong Pilipinas virtual forum, Lopez noted the game changer Central Business Portal (CBP) of the government...
The business sector has proposed a ten-point recommendation to the Duterte to push for economic recovery. At the Sulong Pilipinas Pre-SONA forum of the Economic Development and Infrastructure Clusters, Ambassador Benedicto V. Yujuico, president of the Philippine Chamber of Commerce and...
Implementation of the Strategic Investment Priorities Plan (SIPP), a list of priority areas that will be entitled to tax incentives under the new Corporate Recovery and Tax Incentives for Enterprises (CREATE) Law, is expected to take effect in January 2022. Trade and Industry Undersecretary...
Trade and Industry Secretary Ramon M. Lopez has vowed of government policies that strengthen prioritization of local procurement over imports to boost domestic demand and rebuild jobs amid high unemployment in the country following several company closures due to the...
The Department of Energy (DOE) has entered into a memorandum of agreement (MOA) with the Department of Trade and Industry (DTI) for them to collaborate on the formulation of propounded Philippine National Standards (PNS) for the country’s natural gas industry. Based on the pact sealed by the two...
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 government has allocated P1.14-trillion budget for the implementation of the National Employment Recovery Strategy (NERS) 2021-2022, top-billed by high impact infrastructure projects. Based on the Department of Labor and Employment presentation at the Pre-Summit Dialogue for Business by...
Trade and Industry Secretary Ramon M. Lopez has called for the reduction of business permit fees by local government units (LGUs) to help micro, small and medium enterprises (MSMEs) and ensure they continue to thrive, especially in this pandemic period. Lopez said at the Task Group on Economic...
Top executives of major Taiwanese manufacturing firms vowed to continue choosing the Philippines for their regional expansion plans. At the virtual Philippine Investment Forum in Taipei, co-organized by the Philippine Trade & Investment Center (PTIC) in Taipei and the Manila...
Six Japanese wiring harness firms are investing in the country with estimated investments of P10.5 billion and 18,650 jobs potential, according to Trade and Industry Secretary Ramon M. Lopez. Lopez based his announcement on the report by Commercial Counselor and Special Trade Representative...
