The country’s exports continued to recover, growing 29.8 percent in May this year, spurred by the reopening of major economies globally. Data from the Philippine Statistics Authority (PSA) showed that exports in May this year reached $5.89 billion compared to $4.54 billion in May 2020. The...
The Department of Trade and Industry (DTI) has widened the coverage of areas with higher operating capacities of business establishments in the National Capital Region (NCR), including the provinces of Bulacan and Rizal, but retained the ban on social activities in Laguna and Cavite. Trade and...
Employers and government agencies on Wednesday, (June 30) signed a manifesto that seeks to create 1 million jobs by end this year to help address the high unemployment rate in the country and bring it back to pre-pandemic level. The Manifesto on 1 Million Jobs for 2021-Partnership Project with the...
Trade and Industry Secretary Ramon M. Lopez has called on governments of the 21-member states of APEC to prioritize and make it easy for micro, small and medium enterprises (MSMEs), the region’s engine of growth, transition into the digital way of doing business, especially during this pandemic....
The Philippines will be prioritizing 7 sectors in the Philippines Skills Framework (PSF), an inter-agency initiative to build the skills and competencies of the country’s human capital and better prepare them for the work of the future as 48 percent of current jobs could be displaced by...
The finance and trade departments signed the implementing rules and regulations (IRR) of the corporate recovery and tax Incentives for enterprises (CREATE) law, the government’s largest fiscal stimulus package for businesses in the country’s history. Ahead of the July 10, 2021 deadline, Finance...
Department of Trade and Industry (DTI) Secretary Ramon Lopez just gave a timely assist to local construction companies amid the alleged skyrocketing of metal prices in the ongoing coronavirus disease (COVID-19) pandemic. DTI Secretary Ramon Lopez (Ali Vicoy / File photo / MANILA BULLETIN)...
There are still 1 million unemployed individuals due to the pandemic, but they could be reintegrated back to the workforce pool should the government’s Safety Seal Certification program becomes successful. Trade and Industry Secretary Ramon M. Lopez explained at the virtual Townhall Session on...
Trade and Industry Secretary Ramon M. Lopez has proposed for the immediate reopening of indoor gyms and fitness/wellness centers at 20 percent capacity and the Safety Seal Certification requirement may just have to follow after. At the virtual “Laging Handa” public briefing in Malacanang, Lopez...
Department of Trade and Industry (DTI) Secretary Ramon Lopez says he will seek approval for the reopening of gyms--albeit on a limited capacity--prior to the establishments' securing of a safety seal. Trade and Industry Secretary Ramon M. Lopez (File photo / MANILA BULLETIN) Lopez said during a...
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...
