President Marcos is shifting his anti-illegal drugs campaign from intensified rehabilitation to chasing after the "big guns" in the illegal drug trade in the country. President Ferdinand 'Bongbong' Marcos Jr. meets with DILG, PDEA, DOJ, and PNP officials to discuss the administration's new strategy...
The Securities and Exchange Commission (SEC) affirmed its global leadership in championing sustainability, receiving top honors from the United Nations Conference on Trade and Development (UNCTAD) for the third time for promoting sustainability reporting. This recognition came during the 41st...
The Philippines leads the Southeast Asian (SEA) region as the fastest-growing internet economy in Southeast Asia due to its growing domestic consumption, revitalized services sector, and higher remittances from overseas Filipino workers (OFWs). The Department of Trade and Industry (DTI) cited...
American filmmakers have expressed alarm over the popularity of video streaming site LokLok in the Philippines and its Southeast Asian neighbors. In a comment submitted this month to the United States Trade Representative (USTR) for its 2024 Review of Notorious Markets for Counterfeiting and...
Following the devastation caused by Typhoon Kristine, the Department of Trade and Industry (DTI) has implemented a price freeze on basic necessities in areas declared under a state of calamity. As of Tuesday, Oct. 22, the DTI said Albay province and Magpet Town in Cotabato are currently covered by...
The Department of Trade and Industry (DTI), Small Business Corporation (SB Corp), and Philippine Franchise Association (PFA) have formed a partnership to promote franchising as a viable business option. In a statement, the DTI said the partnership aims to create a thriving franchising ecosystem by...
A "powerhouse" delegation of Canadian businesses, poised to be the biggest-ever, will visit the Philippines this coming December to explore trade and investment opportunities. Export Development Canada (EDC) managing director and head of Indo-Pacific George Monize told reporters on Wednesday, Oct....
The Department of Trade and Industry (DTI) stated that the imposition of value-added tax (VAT) on digital service providers (DSPs) will promote healthy competition in the local market. In a statement on Wednesday, Oct. 16, DTI Secretary Cristina A. Roque said that this measure levels the playing...
The Department of Trade and Industry (DTI) and the National Bureau of Investigation (NBI) seized nearly P15 million uncertified household appliances from a warehouse in Biñan, Laguna. In a statement, the DTI said the joint operation, codenamed "Task Force Kalasag," was conducted on Sept. 17 in...
The Board of Investments (BOI) and the Korea Trade-Investment Promotion Agency (KOTRA) have formalized their partnership to strengthen bilateral trade and investment ties between Manila and Seoul. In a Memorandum of Understanding (MOU) signed on Oct. 7, 2024, the two agencies committed to jointly...
The Department of Trade and Industry (DTI) said that SHERA Public Co. Ltd.’s P2.9-billion plant would boost the Philippines' aspiration to become a global manufacturing hub. Trade Secretary Cristina A. Roque said that this investment from SHERA, the leading fiber cement innovator in Southeast...
The country’s trade deficit narrowed in August as imports grew at a slower pace than exports, the Philippine Statistics Authority (PSA) reported. Data from the PSA showed that the trade balance—the difference between exports and imports—fell to a 6.6-percent deficit of $4.38 billion, from an...
