Filipino-owned United Laboratories (Unilab), the leading pharmaceutical company in Southeast Asia, has been confirmed to do local vaccine manufacturing in the country starting with the COVID-19 with plans to also export to other ASEAN countries, according to Trade and Industry Secretary Ramon M....
The Philippine economy lost an estimated P180 billion in just the recent two-week enhanced community quarantine (ECQ) in the National Capital Region and nearby provinces, according to Trade and Industry Secretary Ramon M. Lopez. Lopez said that based on estimates, the two-week strict lockdown...
Some 1 million employees cannot still return to work even if the National Capital Region (NCR) Plus bubble is now under a modified Enhanced Community Quarantine (MECQ) status, Trade and Industry Secretary Ramon Lopez said. According to Lopez, the DTI estimated 1.5 million workers lost their jobs...
A large majority, 94.7% percent of businesses and establishments in the National Capital Region (NCR) are compliant with the government mandated minimum health protocols (MHP), according to the first quarter survey by the Department of Trade and Industry. The first quarter DTI Fair Trade...
Economic activities listed under the 2020 Investment Priorities Plan (IPP) will serve as the initial projects that will qualify for incentives under the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act (CREATE) Law, Trade and Industry Secretary Ramon M. Lopez said. Lopez said that...
Trade and Industry Secretary Ramon M. Lopez said the loan take up of micro enterprises at the SB Corp., the micro financing arm of the government, has started to pick up. According to Lopez, the loan take up has already improved from about 200 applications a week only at the start to...
SECRETARY RAMON M. LOPEZ Department of Trade and Industry (Photo by Mr. Mark Ches Ang) As the Philippine economy continues to tread the path towards post-pandemic recovery, keeping Micro, Small, and Medium Enterprises (MSMEs) relevant remains a challenge for us at the Department of Trade and...
The Philippine government will no longer extend the price ceiling on pork and chicken in Metro Manila, but will impose a price cap or suggested retail price (SRP) on imported pork only starting Friday, April 9. Agriculture Secretary William Dar announced during Wednesday, April 7 virtual briefing,...
Trade and Industry Secretary Ramon M. Lopez has offered India to make the Philippines its jump off point to the mega trade area Regional Comprehensive Economic Partnership (RCEP) by putting up its manufacturing operations in the country, including pharmaceuticals, as well as support India’s plan...
Philippines and France will hold further discussions on potential deals in six areas in the scheduled Joint Economic Commission to be held later this second quarter. This developed following the recent meeting of Trade and Industry (DTI) Secretary Ramon Lopez and newly-appointed French...
The Department of Trade and Industry (DTI) is crafting an administrative order placing dehumidifiers under mandatory inspection. Dehumidifiers, ionizers, and air purifiers have proliferated especially during the pandemic. These electrical appliances claimed to remove water from air. These...
The Board of Investments has granted pioneer tax incentives to the P30.6576 billion project of Philippines Fiber Optic Cable Network (PFOCN), a Singaporean company, which is expected to spur the country’s telecommunications sector. Trade and Industry Secretary Ramon M. Lopez announced the...
