The Philippines and China have signed a memorandum of understanding (MOU) to strengthen the established strategic cooperative relationship by focusing on the growth of electronic commerce between the two countries. The agreement was signed by Trade and Industry Secretary Fred Pascual and Chinese...
Converge is not yet done wheeling and dealing after shipping Allyn Bulanadi to NorthPort in exchange of two-way guard Jerrick Balanza. Allyn Bulanadi (left) and Jerrick Balanza are switching places as Converge and NorthPort agree to a one-on-one trade. (PBA Images) The deal, which was approved by...
The Department of Trade and Industry's (DTI) price monitoring and enforcement teams now include red onions in their regular inspection of items covered by the suggested retail prices (SRP). DTI Secretary Alfredo E. Pascual fielded the agency's price monitoring teams beginning on Dec. 30, 2022 to...
The Philippines, which suffers huge trade deficit against China, has the potential to expand exports by an additional $14.1 billion in the next few years from the current $11.55 billion level as it courts Chinese manufacturers, particularly in steel, green metals, electric vehicles, agriculture and...
The European Chamber of Commerce of the Philippines (ECCP) backs the confirmation of Secretary Alfredo Pascual as Department of Trade and Industry (DTI) chief. In a statement on Thursday, Dec. 30, the Chamber appreciates the leadership of Secretary Pascual as well as his commitment to developing...
The Department of Trade and Industry (DTI) reported an all-time high business name (BN) registration in 2022 at 932,097, surpassing the previous record at 916,164 in 2020. According to the DTI, there were 827,491 new BNs registered this year accounting for 88.8 percent of overall registrations....
New laws in the Philippines are expected to support mergers and acquisition (M&A), which declined in 2022 to $8.1 billion in value for 33 deals from $9.961 billion in 2021, as companies capitalize on this strategy to expand and grow their business, according to consultancy firm PwC Philippines....
The Department of Trade and Industry (DTI) on Friday, Dec. 23, issued the list of certified fireworks that the public should buy, and strongly reminded consumers to avoid fireworks that have no “PS” or the Philippine Standard mark. The DTI listed 14 certified fireworks brand to guide consumers....
President Ferdinand "Bongbong" Marcos Jr. expressed confidence that Trade Secretary Alfredo Pascual will continue his "wholehearted service" to the country as the latter is reappointed to his position. President Ferdinand 'Bongbong' Marcos Jr. administers the oath of Trade Secretary Alfredo Pascual...
At least half of all cigarettes sold in Mindanao were smuggled, depriving the government of much needed revenues to fund basic services, the anti-smuggling advocacy group FIGHT Illicit Trade Movement (FIGHT IT) said. Jesus Arranza, FIGHT IT chairman said cigarette smuggling in Mindanao has...
The Association of Southeast Asian Nations-European Union (ASEAN-EU) business summit in Brussels will bolster sustainable trade and investment between the two regions as Asia’s regional bloc prepares for more challenges amid a post-pandemic economic recovery, President Ferdinand “Bongbong”...
Imports continued to outpace the country’s exports, but at a much narrower level, the Philippine Statistics Authority (PSA) reported. The PSA said on Tuesday, Dec. 13, that the country’s trade gap, or the difference between the value of export and import, dropped 13 percent to $3.3 billion in...
