Trade and Industry Secretary Ramon M. Lopez said the $1.9 trillion “rescue plan” announced by President-elect Joe Biden bodes well not just for the quick recovery of the US economy, but the entire world as well. “On the surfaces, it should be pretty positive. Definitely, we need...
The Department of Trade and Industry is consolidating a list of micro small and medium enterprises (MSMEs) that may also want to order COVID-19 vaccines. DTI Secretary Ramon M. Lopez said National Task Force Against COVID-19 Chief Implementer and Vaccine Czar Secretary Carlito Galvez Jr. has...
Trade and Industry Secretary Ramon M. Lopez preferred the passage of pending economic bills that will open certain domestic industries to majority foreign ownership rather than tinkering the Constitution or charter change (cha-cha). At the "Laging Handa" briefing, Lopez explained that as a matter...
Workers today slammed automotive firms in the country, short of calling them “selfish” and questioning their "loyalty", for looking after their own business interest but disregarding the industry’s development and their employees. In a strongly-worded statement, the Philippine...
Philippine exports to the US are now subjected to general tariffs imposed after the preferential US Generalized System of Preferences (GSP) expired last Dec. 31, 2020. In an advisory, the Philippine Embassy in Washington D.C. said Philippine exports that are eligible for duty-free or preferential...
The Department of Finance (DOF) assured that the government will practice prudence in granting regulatory relief to projects deemed critical to the Philippines’ economic recovery. In a statement, Finance Secretary Carlos G. Dominguez III said the DOF-led committee tasked to identify qualified...
Will bonds shift demand locally? On January 4, 2020, the Department of Trade and Industry announced the imposition of a safeguard duty or tariff on imported cars in response to a petition made by the Philippine Metalworkers Alliance (PMA). The provisional safeguard duty will be in the form of a...
Hot-dip metallic-coated and pre-painted galvanized coils and sheets has been added to the list of products covered by the Department of Trade and Industry - Bureau of Philippine Standards’ (DTI-BPS) Mandatory Product Certification Schemes to ensure quality and safety of these construction...
Domestic automotive parts manufacturers and workers stood behind the Department of Trade and Industry’s (DTI) decision to impose provisional safeguard measure on imported completely built-up (CBU) cars and light commercial vehicles (LCVs) as a step that will arrest further decline in local auto...
Trade and Industry Secretary Ramon M. Lopez is not considering any price increase on basic necessities and prime commodities while big retailers also opposed price hikes as the economy is in recession. “We have not considered any price increase,” said Lopez as he clarified that although there...
Just a few days ago, the Department of Trade and Industry announced the imposition of a safeguard duty or tariff on imported cars in response to a petition made by the Philippine Metalworkers Alliance (PMA). The provisional safeguard duty will be in the form of a cash bond amounting to P70,000/unit...
Domestic car manufacturers and traders slammed the decision of the Philippine government to slap a punitive safeguard duty on imported completely built up (CBU) cars and light commercial vehicles (LCVs), citing short and long-term risks to the industrial sector, price hikes, deferment of expansion...
