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). ...
Trade and Industry Secretary Ramon M. Lopez has raised the likelihood of allowing lower tariffs on rice from India as a way of minimizing tariff barriers for the Philippines very vital commodity. Lopez mentioned this during the Philippines Federation of Indian Chambers of Commerce (FICCI) and the...
Philippine garment factories expect to receive new orders worth up to $500 million from top global fashion brands as they start transferring production orders from troubled Myanmar to the Philippines and other Asian countries. Photo credit: (Philexport News and Features) Foreign Buyers Association...
The “Go Lokal!” program of the Duterte administration since 2016 has brought over a thousand micro, small and medium enterprises (MSMEs) into the mainstream markets. Trade and Industry Secretary Ramon M. Lopez said that through the “Go Lokal” program, 275 MSMEs were given the...
Trade and Industry Secretary Ramon M. Lopez today called for transformational leaders in government with crucial traits in integrity, competence and energy (ICE) specially in this pandemic period where the country continued to wallow in hunger and unemployment on prolonged strict quarantine...
