The Philippines creative industries lost over 5,000 projects or 90 percent of businesses affecting more than 4,000 workers last year due to the pandemic, but the Department of Trade and Industry (DTI) said this sector is poised to become a key driver of Philippine trade in the coming years. ...
Business name registration for online retailing already reached 1,539 in January this year, almost hitting the 1,700 online retailers registered in the first quarter in 2020. This was revealed by Trade and Industry Secretary Ramon M. Lopez in his opening speech today, Feb. 18, at the Amazon...
The Bangko Sentral ng Pilipinas (BSP) reported Monday that gross international reserves (GIR) dipped to $108.799 billion in January from December 2020’s $110.117 billion due to government withdrawals to pay for foreign-denominated loans, and changes in the price of gold. The BSP in a statement...
The Department of Trade and Industry will require motor vehicle dealers to allow outright cash mode of payment as an option amid complaints that buyers are forced to pay on installment basis only where interest rate is usuriously high. DTI Secretary Ramon M. Lopez said at the Senate hearing by the...
By BERNIE CAHILES-MAGKILAT and JEAN FERNANDO The reopening of traditional cinemas is expected to bring back displaced workers and help revive the entertainment industry, which was pegged at P13 billion and employed roughly 300,000 Filipinos before COVID-19 lockdowns and quarantines padlocked...
With more and more Filipinos falling prey to fraudulent transactions and poor customer service from online sellers and digital platforms, homegrown e-commerce platform, VeMoBro, vows to follow the guidelines recently issued by the Department of Trade and Industry (DTI) through the Bureau of...
The National Economic and Development Authority (NEDA), the country's chief economic development planner, said the country needs to strike a better balance in managing the health and economic threats, particularly in Metro Manila where almost a quarter of its population suffer from hunger. Acting...
Amid an apparent take up of the government micro financing facility, Trade and Industry Secretary Ramon M. Lopez has reiterated his call to all micro small and medium (MSMEs) that wish to restart or to strengthen their business operations to avail of the Bayanihan CARES lending fund....
Government should further reopen the domestic economy to prevent job losses resulting from downsizing or closure of a number businesses, the Employers Confederation of the Philippines (ECOP) and the government’s economic managers urged. Trade and Industry Secretary Ramon M. Lopez expressed hopes...
The departments of trade and industry and the agriculture are finalizing within this week a price cap for imported pork which could even be lower than the existing price ceiling on pork. This was revealed by Trade and Industry Secretary Ramon M. Lopez during the Malacanang public press briefing of...
The Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act can bring in over P200 billion in new investments and generate as much as 2 million additional jobs, according to Trade and Industry Secretary Ramon M. Lopez. According to Lopez, the bicameral approved CREATE will be a big boost...
The Department of Trade and Industry (DTI) will look into the possibility of implementing a suggested retail price (SRP) on car seats on private vehicles to ensure prices will not skyrocket as government starts to enforce Republic Act 11229 or the Child Safety and Motor Vehicle Act. DTI...
