Six Philippine pharmaceutical firms are planning to venture into local vaccine manufacturing, Trade and Industry Secretary Ramon M. Lopez revealed. At the President Duterte’s “Kumusta Na Po Mahal Kong Kababayan” broadcast Wednesday (March 24) night to update Filipinos on COVID-19...
The Board of Investments (BOI) has approved a total of P137 billion worth of projects as of middle March this year, reflecting a significant 64.65 percent increase from P83 billion in the same period last year. Trade and Industry Secretary Ramon M. Lopez (Bloomberg file photo) Trade and Industry...
After the passage of the CREATE Bill, the government’s economic managers have endorsed to President Rodrigo Roa Duterte (PRRD) for certification as urgent three economic bills pending in Congress with target passage by October this year or just before the political season starts for next...
The National Development Corp., the government investment arm under the Department of Trade and Industry (DTI), has approved P250 million venture fund for tech startups. Trade and Industry Secretary Ramon Lopez. (ALFRED FRIAS/PRESIDENTIAL PHOTO FILE PHOTO) This was announced by DTI Secretary...
The government has allocated at least P22 billion for the development of bamboo industry in the country from 2021 to 2022 as the high value added forest product has good export potential, wide industry applications, and jobs creation. Trade and Industry Secretary Ramon M. Lopez said at the North...
Restaurants with no outdoor dining spaces would be hit hard again, but those with al-fresco set-up like the “carinderyas” would be less affected by the new restrictions imposed by the government, according to Trade and Industry Secretary Ramon M. Lopez. Under the new regulations approved...
Only less than 5 percent of establishments have remained closed from a peak of 34 percent last year, according to the latest Impact Assessment Survey of the Department of Trade and Industry (DTI). Trade and Industry Secretary Ramon M. Lopez announced this improvement in his message at the...
Influenced by the COVID-19 pandemic, the country’s exports of medical instrumentation jumped 84.3 percent in January, boosting overall electronics exports to slightly grew by 0.3 percent in the first month of the year, the Department of Trade and Industry said. Trade and Industry Secretary Ramon...
Trade and Industry Secretary Ramon M. Lopez expressed confidence the domestic economy can recover in the third quarter this year as long as the government will not pull back the reopening of economic sectors into “quarantine in general,” but instead implement granular lockdowns in areas with...
Committed investments approved by the Board of Investments in the first two months this year jumped 156 percent to P121.9 billion (approximately $2.5 billion) vis-a-vis P47.625 million in the same period in 2020, indicating that recovery is within sight. This was revealed by Trade and Industry...
Trade and Industry Secretary Ramon M. Lopez expressed confidence of strong rebound in the country’s manufacturing output in the coming months. Lopez said following a sustained growth in the Philippine manufacturing out in February, according to a survey conducted by IHS Markit. ...
Trade and Industry Ramon M. Lopez expressed optimism that the Philippine economy will go back to pre-pandemic level ahead of 2023 that President Duterte earlier projected. “It is still possible. Will do our best, through other economic reforms and programs,” Lopez said when asked if the...
