Technology NEWS

The global pandemic has significantly changed the way retailers promote and sell their products. With more Filipinos using digital platforms and transitioning to cashless transactions, businesses need to quickly adapt in order to gain and maintain customer loyalty. 

Committed investments approved by the Board of Investments in the first two months this year jumped 156 percent to P121.9 billion (approximately $2.5 billion) vis-a-vis P47.625 million in the same period in 2020, indicating that recovery is within sight. 

Trade and Industry Secretary Ramon M. Lopez expressed confidence of strong rebound in the country’s manufacturing output in the coming months. 

We should never think small when we talk about micro, small, medium enterprises (MSMEs).

Cinemas in Marikina CIty will remain closed even if the national government already approved their re-opening in areas under the General Community Quarantine (GCQ) starting March 5.

The Philippine Competition Commission (PCC) has defended the Department of Trade and Industry’s imposition of safeguard measures and non-tariff barriers (NTBs) on certain imports to protect domestic industries, but the country’s anti-trust watchdog also equally stressed that such legitimate measures can be challenged if the injury caused is born out by inherent inefficiencies of processes that incumbents have gotten used to. 

Price of motorcycles sold on installment payment is 25 percent higher than the cash price of the unit, according to Trade and Industry Secretary Ramon M. Lopez.

Starting Friday, March 5, 2021, libraries, museums, cultural centers, meetings and conventions, and limited tourist attractions and video games arcades will be allowed to operate at a maximum of 50 percent under general community quarantine (GCQ) and 75 percent under modified GCQ (MGCQ). 

Trade and Industry Secretary Ramon M. Lopez has raised the likelihood of allowing lower tariffs on rice from India as a way of minimizing tariff barriers for the Philippines very vital commodity. 

The “Go Lokal!” program of the Duterte administration since 2016 has brought over a thousand micro, small and medium enterprises (MSMEs) into the mainstream markets. 

Trade and Industry Secretary Ramon M. Lopez today called for transformational leaders in government with crucial traits in integrity, competence and energy (ICE) specially in this pandemic period where the country continued to wallow in hunger and unemployment on prolonged strict quarantine restrictions.

New collection now available at the redesigned Go Lokal! Concept Store.

The Bureau of Product Standards of the Department of Trade and Industry has included child restraint system (CRS) or car seats in the list of products for mandatory certification.

Local cement manufacturers, which enjoyed government protection in the form of safeguard tariff against imported cement, are strongly supporting for the “Build Lokal” campaign of the Department of Trade and Industry (DTI), which promotes the prioritization of locally produced building materials.

Trade and Industry Secretary Ramon M. Lopez   on  Monday,  (Feb. 22)  urged the Bangko Sentral ng Pilipinas (BSP) to craft rules to encourage banks to lend more for auto loans stressing that banks have huge liquidity that they can use to help businesses recover.

Thirteen Philippine food export companies are attending the 2021 edition of Gulfood Hotel and Equipment Exhibition and Salon Culinaire (Gulfood), one of the world’s biggest fairs for food and hospitality held annually in Dubai.

The COVID-19 global pandemic is sorely testing our people's resolve to create a better life for themselves.

The Philippines creative industries lost over 5,000 projects or 90 percent of businesses affecting more than 4,000 workers last year due to the pandemic, but the Department of Trade and Industry (DTI) said this sector is poised to become a key driver of Philippine trade in the coming years.