An Inter-Agency Task Force on National Employment Recovery Strategy (NERS) is being constituted to address the alarming high unemployment situation in the country and help Filipinos get back to the new normal. This developed as government agencies led by the Department of Trade and Industry...
Trade and Industry Secretary Ramon M. Lopez yesterday said the domestic economy is expected to recover to 6 percent GDP growth this year, which he premised on the easing of restrictions under a modified general community quarantine (MGCQ) status for the National Capital Region and neighboring...
The Board of Investments (BOI), the Philippine premier investment generation agency, has set a P1.25 trillion investments target in 2021, following the approval of P1.02 trillion in committed investments last year. “We are working hard for a V-shaped Philippine economic recovery in 2021 and are...
Trade and Industry Secretary Ramon Lopez said the latest manufacturing index bodes well for the economy as he cited efforts in the cold chain and copper industries development as crucial pillars that will strengthen the country’s supply value chain. The Philippine Manufacturing Purchasing...
The Department of Trade and Industry (DTI) has a standing recommendation to impose price caps on pork not just on the retail price side, but across the value chain to ensure traders, hog raisers and other middle men are not engaged in profiteering activities. DTI Secretary Ramon M. Lopez stressed...
Trade and Industry Secretary Ramon M. Lopez yesterday said the 90 serious investment leads that are expected to come on stream in a year in the country are no longer concerned with restrictive economic provisions. Lopez said this at the House of Representatives 9th Regular Meeting on Constitutional...
Alarmed at the Philippine record for being the weakest in economic growth and recovery in southeast Asia region, Trade and Industry Secretary Ramon Lopez yesterday emphasized that compliance to health protocols is key to economic recovery, saving jobs and ensuring security of the country. Stressing...
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...
The Export Development Council (EDC) has approved a revised Philippines exports growth target to $105 billion by 2022 or 19.23 percent lower than the original forecast of $130 billion taking into consideration impact of pandemic and weaker global demand. “The revised targets are lower than...
Trade and Industry Secretary Ramon M. Lopez will formally ask the Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF) to allow younger kids, 10 years old from the current 15-year-old cap, to go out of their homes to further boost economic activities as the local...
Trade and Industry Secretary Ramon M. Lopez said the $1.9 trillion “rescue plan” announced by President-elect Joe Biden bodes well not just for the quick recovery of the US economy, but the entire world as well. “On the surfaces, it should be pretty positive. Definitely, we need...
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...
