The Department of Trade and Industry (DTI) has given in again to the demand of domestic cement manufacturers as it hiked the second year safeguard duty to P9.80 on 40-kilogram bag imported cement, almost at the same level as last year’s P10 duty and higher than the original P9 duty it ordered...
Lower goal of $122 B in 2022 ‘doable’ The Philippine Export Development Plan (PEDP) is currently under review whether or not the country’s export target, even the lower end-target of $122 billion in 2022, is still doable given the continuing challenges posed by the COVID-19 pandemic. Trade...
The Department of Trade and Industry (DTI) today released the regional information campaign materials as the agency warned consumers of misleading advertisements being peddled by enterprises to lure customers. “The DTI enjoins the general public to always practice your rights and responsibilities...
The Department of Finance (DOF) ordered the Department of Trade and Industry (DTI) to return to the government coffers the P32.6 billion sitting idle in the state-owned Philippine International Trading Corp. (PITC). In a statement, Finance Secretary Carlos G. Dominguez III said he has...
The Philippines has exempted most of the farm produce, including rice, and some industrial products such as cement and auto parts from the Regional Comprehensive Economic Partnership (RCEP) to shield these domestic industries from the impact of the mega trade deal that opens 98.1 percent of the...
Dyson, the world’s leading advanced technologies firm, yesterday announced the setting up a dedicated software laboratory in the Philippines to expand its operation in the production of intelligent and advanced machines with embedded software, firming up the country’s major role in the...
Trade and Industry Secretary Ramon M. Lopez is amenable to a proposal to review the mandate of the Philippine International Trading Corp. (PITC), which is alleged to have P33 billion in “parked” funds for the procurement projects of various government agencies. Trade and Industry Secretary...
The Department of Health (DOH) and the Department of Trade and Industry (DTI) have signed a Joint Administrative Order (JAO) to set the price range for RTPCR COVID-19 test. (JANSEN ROMERO / MANILA BULLETIN) The issuance of JAO No. 2020-0001 signed on November 24, 2020, which is expected to take...
The National Development Company (NDC), the investment arm of the government, will start providing equity financing to qualified innovative startups with high growth potential to further support the development of the Philippine startup ecosystem. Trade and Industry Secretary Ramon M. Lopez...
The Philippines said it is close to filling up the gaps in the value chains for the copper & nickel, electronics and automotive sectors to support its goal of becoming a major player in the electric vehicle (EV) market. Board of Investments (BOI) Managing Head Ceferino S. Rodolfo said...
The Philippines has identified 90 investment leads with estimated initial project cost of $24.1 billion that are expected to materialize within a year, according to Trade and Industry Secretary Ramon M. Lopez. Lopez, who is also chair of the country’s premier investment promotion and generation...
Trade and Industry Undersecretary Ceferino S. Rodolfo The Board of Investments (BOI), the country’s premier investment promotion and generation agency, is confident of hitting its P1 trillion investments target this year despite the pandemic that has slowed down domestic and global businesses....
