The P5 billion microfinancing allotted to the micro small and medium enterprises (MSMEs) sector is nearing full utilization and needing replenishment. Small Business Corporation (SBCorp), which administers the fund, reported it has already processed and approved P4.5 billion loans for 30,408...
The Department of Trade and Industry (DTI) said that the rebound in domestic manufacturing output points towards industry stabilization in the months ahead with the massive vaccination program and easing of quarantine measures. In a statement, DTI Secretary and Board of Investments Chairman Ramon...
The Philippines will participate in two major import-export fairs in China this year and has reopened a trade and investment center in Hong Kong to further boost commerce between the two countries. Trade and Industry Secretary Ramon M. Lopez announced at the virtual 46th Anniversary of...
For the longest time, people have been pushing Sanya Lopez to join a beauty pageant. Miss Universe 2015 Pia Wurtzbach even actually offered to help train her. “Whenever you’re ready, we’re here waiting for you,” Pia said in an interview. Well, is she? With Miss Universe Philippines recently...
The Philippines, a developing country with one of the longest hard lockdowns during the pandemic the world has seen, issued a call to the trade ministers of the 21-member countries of the Asia Pacific Economic Cooperation for equitable access to COVID-19 vaccines. At the Asia-Pacific Economic...
The Fiscal Incentives Review Board (FIRB) has adopted the framework for the grant of incentives to qualified industries under the government’s Strategic Investment Priorities Plan (SIPP). As provided in the newly enacted Corporate Recovery and Tax Incentives for Enterprises (CREATE) Law that...
Trade and Industry Secretary Ramon M. Lopez is pushing for shorter quarantine policy for vaccinated persons, including seniors 65 years old and above, and foreign travelers, who have been discouraged to fly into the Philippines because of the long quarantine period. At the Commitment Ceremony and...
SM North EDSA receives Safety Seal certification The Safety Seal ceremony at SM North EDSA On June 5th, 2021, SM City North EDSA was named the first mall in Quezon City (QC) to be awarded the Safety Seal certification from the local government. This Safety Seal is given when the establishment shows...
The sibling are among today's hottest stars but they haven't forgotten the difficult times they endured prior to hitting it big. Sanya shared in a recent interview how she and Brother Jak Roberto used to share a packet of instant pancit canton to satiate their hunger. Why? They can't afford to buy...
An executive order granting P3-billion subsidy package for the electric vehicle manufacturing sector has been submitted to Malacanang and is awaiting approval by President Duterte as part of the incentives to encourage more investments to modernize the transport sector and to support the...
Trade and Industry Secretary Ramon M. Lopez said the domestic economy is still on track for a V-shaped recovery with improved investment climate this year. Lopez, who spoke at today’s listing ceremony of Nissin Monde Corp. initial public offering — the largest in the Philippine Stock Exchange...
Events venues, which had been closed for quite some time because of the pandemic, are now allowed to resume operations under limited capacities in areas under general community quarantine (GCQ) with heightened restrictions, the Department of Trade and Industry said. Advisory No. 21-09 series of...
