“Rice remains as the staple food of Filipinos. And there is no food that is used as widely as rice,” says Department of Trade and Industry Undersecretary Ruth B. Castelo on the Philippines being the sixth largest rice-consuming countries in the world. After over a year of enactment of the...
As Senate continues to debate on the Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill emotionally, two big electronics companies are shutting down operations because of uncompetitive business environment, according to the Semiconductor and Electronics Industries in the...
Philippines and Russia are discussing potential manufacturing of COVID-19 vaccine Sputnik V by Gamaleya Institute in the country, the Department of Trade and Industry revealed. Department of Trade and Industry (DTI) Secretary Ramon Lopez (right) discussed with Russian Ambassador to the Philippines...
World trade shows signs of bouncing back from a deep, COVID-19 induced slump, but World Trade Organization economists caution that any recovery could be disrupted by the ongoing pandemic effects. The WTO forecasts that merchandise trade volume could fall 9.2 percent in 2020 less than the 12.9...
Nestlé Philippines, the country’s biggest buyer of coffee, and the Department of Trade and Industry (DTI) on Tuesday (Oct. 6) signed a Memorandum of Understanding (MOU) to help implement the P4.781 billion Rural Agro-Enterprise Partnership for Inclusive Development and Growth (RAPID Growth)...
The Philippines and Germany have agreed to strengthen bilateral cooperation in manufacturing, construction and innovation at the successful convening of their inaugural Joint Economic Commission (JEC). The Philippines-Germany Joint Economic Commission Co-Chairs Parliamentary State Secretary Marco...
Trade and Industry Secretary Ramon M. Lopez is batting for the restoration of the P500 million budget for shared service facilities (SSF) program into the 2021 budget to achieve at least a P1 billion fund allocation next year for this program. Trade and Industry Secretary Ramon Lopez. (ALFRED...
Trade and Industry Secretary Ramon M. Lopez said they will issue an advisory to the mayors and local government units (LGUs) allowing them to determine the extent of further reopening of business establishments from the current 50 percent. Trade and Industry Secretary Ramon Lope (ALFRED FRIAS /...
Philippine Cement Corp. (Philcement) firmly asserted of its compliance with the standards set by the government as shown by the required certifications issued by the Department of Trade and Industry. “Philcement asserts firmly that the company is compliant with the provisions of DTI AO 17-06...
Philippines and India have agreed to consider forging a bilateral preferential trade agreement (PTA) to take advantage of the huge untap potential for a strategic partnership in the region. Both parties raised the PTA at the recently concluded 13th Meeting of the Joint Working Group on Trade...
The Philippines has once again invited India to look at the opportunities in the country for the manufacture of active pharma ingredients, vaccines and essential medicines. The Philippines-India Joint Working Group on Trade and Investments Co-Chairs DTI Undersecretary Ceferino S. Rodolfo and...
All is not well among players in the cement industry with Cement Manufacturers of the Philippines (CeMAP) calling the attention of the Department of Trade and Industry (DTI) to look into a potential standards compliance issue against Philcement Corporation. In a letter to DTI Undersecretary Ruth...
