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...
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...
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...
Trade and Industry Secretary Ramon M. Lopez has urged Filipinos to patronize local establishments and products for their events and gatherings this Christmas season to support micro, small and medium enterprises and prop up the overall recovery of the domestic economy. Lopez aired this appeal...
Lopez Holdings Corporation has formally filed a petition for voluntary delisting of its 4.63 billion common shares from the main board of the Philippine Stock Exchange (PSE). In a disclosure to the Philippine Stock Exchange, the firm said the delisting is conditioned on the public float...
The automation level among manufacturing firms in the country has remained low, but the Department of Trade and Industry (DTI) said that various initiatives are in place to help local firms catch up. Trade and Industry Secretary Ramon M. Lopez divulged a study at the Manufacturing...
Question: Is his catchphrase going to be 'finger-licking good'? With only a few days left, 2020 still has more bizarre things in its pocket. One of which is a famous fast food chain's latest sexy endeavor to the screen. Kentucky Fried Chicken or famously known as KFC is going to have Lifetime...
Importation of critical medical medicines, including vaccines, are exempted from value added tax under the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act starting January 1, 2021, according to Trade and Industry Secretary Ramon M. Lopez. Lopez said at the Health and the Economic...
The Board of Investments (BOI) expects to sustain its P1 trillion investment generation level next year and growth in exports albeit at a slower pace. Trade and Industry Secretary Ramon M. Lopez, who is also chair of the BOI, said that despite the challenges of the pandemic, the...
(Ali Vicoy/Manila Bulletin) The Philippines net foreign direct investments (FDIs) declined by 8.6 percent to $4.832 billion for the first three quarters this year as against $5.289 billion in the same period last year as the COVID-19 pandemic continued to dampen investor sentiments. “The decline...
Trade and Industry Secretary Ramon M. Lopez expressed hopes that the unemployment rate in the country could go back to the pre-COVID level as he expects wider reopening of the domestic economy and easing of quarantine restrictions by the first quarter next year. Trade and Industry Secretary Ramon...
Trade and Industry Secretary Ramon M. Lopez has raised the possibility of discontinuing some of the P33-billion worth of procurement projects being undertaken by the Philippine International Trading Corp. (PITC). Lopez said this at the House committee on trade and industry virtual meeting,...
