The Philippines today slapped a provisional safeguard duty against imported passenger cars and light commercial vehicles (LCVs) to protect the domestic motor vehicle manufacturing industry from the onslaught of imported vehicles, a move that will hit Thailand and Indonesia the most being the top...
Trade and Industry Secretary Ramon M. Lopez said that keeping the 5 percent tariff rate on imported mechanically deboned meat (MDM) has gained support from all department heads concerned. “We are in the process of completing by today (Jan. 4) the official endorsement from each member of the...
“Power rate reduction” tops the 2021 to-do list of the Department of Energy (DOE) to improve the attractiveness of the Philippines as an investment destination for manufacturers, who have been discouraged by the prohibitive power cost in the country. Energy Secretary Alfonso G. Cusi told...
The Department of Trade and Industry (DTI) has stood its ground stating it does not need the concurrence from the Tariff Commission (TC) to adjust a safeguard duty rate on a particular import that has been causing injury or serious threat to a domestic industry. This was stated by Bureau of Import...
The Department of Trade and Industry (DTI) expressed hopes that the final Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill will be close to the Corporate Income Tax and Incentives Reform Act (CITIRA) House version that provided a good framework of time-bound, performance-based,...
(MANILA BULLETIN FILE PHOTO) The Department of Trade and Industry (DTI) has reduced by 20 percent its medium-term export projections from $130 billion target to $103.9 billion by 2022 amid the impact of the lingering COVID-19 pandemic on Philippine industries. In adjusting downward the export...
Trade and Industry Secretary Ramon M. Lopez has directed to restart the study on the country’s potential participation in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). This was revealed by DTI Undersecretary Ceferino S. Rodolfo, who said that the...
The Department of Trade and Industry (DTI) is finalizing its report on its investigation on the surge in the importation of motor vehicles into the country, indicating that government is on its way towards the imposition of safeguard measure against imported cars to protect the domestic industry...
Philippines and France have agreed to enhance collaboration in the areas of agriculture, infrastructure and manufacturing. Trade and Industry (DTI) Undersecretary Ceferino Rodolfo revealed this after holding a meeting with French Ministry of Economy and Finance Head of Bilateral Trade...
The government today launched the Leyte Ecological Industrial Zone (LEIZ) Master Development Plan Project, which is hoped to develop and complete the Philippines copper industry supply chain in Leyte by 2030 and establish the country’s role in modern industries. The launch of LEIZ Master Plan...
There appears to be confusion in the imposition of the second year safeguard duty on imported cement with the Department of Trade and Industry (DTI), the Tariff Commission (TC), and the Bureau of Customs (BOC) apparently not coordinating with each other. This transpired at the recent public hearing...
Amid the popularity of the Philippines neighboring countries to foreign investors, Trade and Industry Secretary Ramon M. Lopez has called on American investors to take a closer look at its most loyal ally in southeast Asia and make the Philippines their natural investment destination. Lopez made...
