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...
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...
The employees of Petron Corporation are pleading for support from the local government of Limay, Bataan so they can save their jobs; and they are likewise pushing for the re-classification of the 180,000 barrels-per-day refinery to become part of the Freeport Area of Bataan (FAB). The latest plan...
Importation of critical medical medicines, including vaccines, are exempted from value added tax under the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act starting January 1, 2021, according to Trade and Industry Secretary Ramon M. Lopez. Lopez said at the Health and the Economic...
The Board of Investments (BOI) expects to sustain its P1 trillion investment generation level next year and growth in exports albeit at a slower pace. Trade and Industry Secretary Ramon M. Lopez, who is also chair of the BOI, said that despite the challenges of the pandemic, the...
(Ali Vicoy/Manila Bulletin) The Philippines net foreign direct investments (FDIs) declined by 8.6 percent to $4.832 billion for the first three quarters this year as against $5.289 billion in the same period last year as the COVID-19 pandemic continued to dampen investor sentiments. “The decline...
Trade and Industry Secretary Ramon M. Lopez expressed hopes that the unemployment rate in the country could go back to the pre-COVID level as he expects wider reopening of the domestic economy and easing of quarantine restrictions by the first quarter next year. Trade and Industry Secretary Ramon...
Trade and Industry Secretary Ramon M. Lopez has raised the possibility of discontinuing some of the P33-billion worth of procurement projects being undertaken by the Philippine International Trading Corp. (PITC). Lopez said this at the House committee on trade and industry virtual meeting,...
FRUIT OF FUTURE Zac Sarian holding a Florida pummelo If you don’t know Zac Sarian , you don’t know the future. But that’s because the future is—or should be—about a dramatic return to a green planet, where green, live things will soon reclaim what we razed forests to the ground for, what...
Trade and Industry Secretary Ramon Lopez said the latest jobs report by the Philippine Statistics Authority (PSA) indicates that the country is on the right track towards recovery. Lopez noted that PSA’s Labor Force Survey (LFS) recorded an employment rate in October at 91.3 percent, the highest...
