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...
(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...
Jennifer Lopez (Instagram) Jennifer Lopez is all set to perform on “Dick Clark’s New Year’s Rockin’ Eve with Ryan Seacrest 2021" just before the iconic Times Square ball drop live in New York’s Times Square. "ONE DAY!!! I’ve got my eye on you @rockineve Let’s...
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...
