True to its mandate of assisting micro, small, and medium-sized enterprises (MSMEs) in the Philippines to stand on their own and find their niche in the local and international markets, the Department of Trade and Industry has been at the forefront of bolsteringthe growth of Filipino MSMEs by...
The COVID-19 global pandemic is sorely testing our people's resolve to create a better life for themselves. SECRETARY RAMON LOPEZ Department of Trade and Industry (Photo by Mr Mark Ches Ang) This isn't surprising as the pandemic has shaken even the world’s strongest economies. That's why we at...
Employers believe that granting the proposed P100 daily wage hike will hurt even more the micro, small and medium enterprises (MSMEs), which are struggling to survive amid the coronavirus pandemic, and can result in further rise in unemployment. "The P100 wage increase was requested for a...
The national government has infused new capital to the Development Bank of the Philippines (DBP) to provide additional buffer for the state-lender’s coronavirus response programs. In a statement, Finance Secretary Carlos G. Dominguez III said the government has recently released P12.5 billion in...
Amid an apparent take up of the government micro financing facility, Trade and Industry Secretary Ramon M. Lopez has reiterated his call to all micro small and medium (MSMEs) that wish to restart or to strengthen their business operations to avail of the Bayanihan CARES lending fund....
42% laid off workers Majority or 90.9 percent of companies are just operating at certain capacity while 42.4 percent have laid off employees either temporarily or permanently, according to a survey conducted by the Philippine Exporters Confederation Inc. (PhilExport). The PhilExport Survey on the...
Putting up a business is not an easy feat but these young Filipino entrepreneurs continue to overcome the many challenges of a business along with what this year has to offer. What drives them is the synergy of business and purpose: to promote local products. Learn more about their stories below....
Small Business Corporation or SBCorp., the government’s micro financing arm, has released more than P2 billion or 20 percent yet of the P10 billion allocation under the Bayanihan to Recover as One Act or Bayanihan 2 for the micro small and medium enterprises (MSMEs) as of the first week of...
Trade and Industry Secretary Ramon M. Lopez yesterday warned of a second wave of retrenchments of workers if enterprises failed to sustain the reopening of their operations because of weak sales. Lopez said this as the Inter-Agency Task Force (IATF) approved resolution No. 95 reducing the age limit...
Go green, go local ! Sustainable living has evolved from being just a fad to a collective movement which some Filipinos have seriously embraced. For those who have included adapting to a zero-waste lifestyle in their list of new year’s resolutions, here’s a quick list of local products that can...
The country’s Micro, Small to Medium Enterprises (MSMEs) has always been described as the lifeblood of the country’s business landscape that largely supports and spurs economic development and helps generate wide-scale employment. As of May 2019, 99.56 percent of business...
The Department of Trade and Industry is consolidating a list of micro small and medium enterprises (MSMEs) that may also want to order COVID-19 vaccines. DTI Secretary Ramon M. Lopez said National Task Force Against COVID-19 Chief Implementer and Vaccine Czar Secretary Carlito Galvez Jr. has...
