The Philippines will hold the next round of negotiations for a free trade agreement (FTA) with the European Union (EU) next month, taking one step closer towards the conclusion of a historic deal that would grant wider market access to the country’s exports. Trade Undersecretary Allan Gepty told...
China-based steel manufacturing giant Panhua Group Co. Ltd. will begin operations at its $1-billion facility in Sarangani province next month as part of its multi-billion investment commitment to the Philippines, according to the Department of Trade and Industry (DTI). Trade Secretary Cristina...
The Department of Trade and Industry (DTI) remains optimistic that the boom in artificial intelligence (AI), agricultural trends, and an aggressive push for new free-trade agreements (FTAs) will shield the country’s export sector from deepening disruptions in the Middle East. Trade and Industry...
The Department of Trade and Industry (DTI) said it will no longer pursue plans to require mandatory permits for advertisements before they are made public, a move criticized for burdening online sellers and small companies. In a public advisory, the DTI said it will not pursue, implement, or adopt...
The Department of Trade and Industry (DTI) is optimistic that it will secure commitments from major manufacturers to hold off on price adjustments for the coming month, even as some companies are already pushing for hikes amid rising logistics costs. The DTI earlier reached a deal with makers of...
The Philippines is studying the prospect of a free trade agreement (FTA) with Paraguay as it looks to bolster market access for key domestic products abroad, according to the Department of Trade and Industry (DTI). Trade Secretary Cristina Roque told reporters that a potential FTA with the South...
The Department of Trade and Industry (DTI) has teamed up with the Creative Content Creators Association of the Philippines Inc. (SIKAP) to provide stronger support for local content creators, including the protection of their original works. In a statement, the DTI said it signed a memorandum of...
Business names registered with the Department of Trade and Industry (DTI) expanded by more than 10 percent in the first four months of the year to over 540,000, as business activity across the country remained strong despite rising costs. The latest DTI data showed that business name registrations...
Despite escalating tensions in the Middle East, the Board of Investments (BOI) is pressing ahead with investor engagements in the region, as firms signal continued interest in Philippine projects and new opportunities emerge from the country’s inclusion in the United States (US)-led Pax Silica...
Groundbreaking for the planned United States (US) economic security zone in the Philippines could take place within the current Marcos Jr. administration, with the project expected to generate hundreds of thousands of jobs once fully developed, Philippine investment officials said. Officials from...
The Federation of Philippine Industries (FPI) is escalating its fight against substandard goods, petitioning the Supreme Court to strip lower courts of their power to freeze the enforcement of mandatory product standards. In a letter-petition addressed to the high tribunal, the country’s largest...
The inflation-targeting Bangko Sentral ng Pilipinas (BSP) is expected to raise the policy rate by 25 basis points (bps) to 4.5 percent to confront war-driven price hikes head-on, according to investment banking giant Goldman Sachs. “Given its price stability mandate, we believe the BSP will hike...
