Foreign direct investments (FDI) last year dropped 24.6 percent to a net inflow of $6.542 billion from $8.671 billion in 2019, but it was more than the Bangko Sentral ng Pilipinas’ (BSP) $6-billion projection for 2020. “The disruptive impact of the pandemic on global supply chains and the weak...
Establishments are required to reinforce existing minimum public health and safety standards and protocols in light of the local transmission of new COVID-19 variants. Joint advisory No. _2_1_-_0_1_ Series of 2021 issued today, March 9, by the Department of Trade and Industry and...
The Philippine Chamber of Commerce and Industry (PCCI) is working on formulating strategies to provide e-mediation services for both business and consumers as part of its effort to support the country’s e-commerce roadmap. PCCI Chair Ma. Alegria “Bing” Sibal Limjoco PCCI Chair Ma....
Mitsubishi Motors Philippines Corp. (MMPC), the country’s second largest car company, has issued a public advisory requiring buyers to post provisional cash deposit on brand new motor vehicle purchases affected by the provisional safeguard duty imposed by the government. In the public...
The global pandemic has significantly changed the way retailers promote and sell their products. With more Filipinos using digital platforms and transitioning to cashless transactions, businesses need to quickly adapt in order to gain and maintain customer loyalty. As the Philippine...
Committed investments approved by the Board of Investments in the first two months this year jumped 156 percent to P121.9 billion (approximately $2.5 billion) vis-a-vis P47.625 million in the same period in 2020, indicating that recovery is within sight. This was revealed by Trade and Industry...
Trade and Industry Secretary Ramon M. Lopez expressed confidence of strong rebound in the country’s manufacturing output in the coming months. Lopez said following a sustained growth in the Philippine manufacturing out in February, according to a survey conducted by IHS Markit. ...
Secretary Ramon M. Lopez Department of Trade and Industry We should never think small when we talk about micro, small, medium enterprises (MSMEs). The implementation of stricter health lockdowns in the first quarter of 2020 to prevent the spread of COVID-19 had severely affected businesses,...
Cinemas in Marikina CIty will remain closed even if the national government already approved their re-opening in areas under the General Community Quarantine (GCQ) starting March 5. (MARIKINA PIO/ MANILA BULLETIN FILE PHOTO) Marikina Mayor Marcelino “Marcy” Teodoro said his executive order...
The Philippine Competition Commission (PCC) has defended the Department of Trade and Industry’s imposition of safeguard measures and non-tariff barriers (NTBs) on certain imports to protect domestic industries, but the country’s anti-trust watchdog also equally stressed that such legitimate...
Price of motorcycles sold on installment payment is 25 percent higher than the cash price of the unit, according to Trade and Industry Secretary Ramon M. Lopez. Lopez said this was found out by the DTI as it conducts public hearings on the draft Memorandum Circular that will promote payment options...
Starting Friday, March 5, 2021, libraries, museums, cultural centers, meetings and conventions, and limited tourist attractions and video games arcades will be allowed to operate at a maximum of 50 percent under general community quarantine (GCQ) and 75 percent under modified GCQ (MGCQ). ...
