Trade and Industry Secretary Ramon M. Lopez has raised the possibility of discontinuing some of the P33-billion worth of procurement projects being undertaken by the Philippine International Trading Corp. (PITC). Lopez said this at the House committee on trade and industry virtual meeting,...
Consumer advocacy group Laban Konsyumer Inc. (LKI) has urged the Department of Trade and Industry (DTI) to strictly enforce the “no GC expiry” law as complaints of expiring gift checks, gift cards or gift certificates ensue around this Christmas season. LKI President and convenor Atty. Victorio...
After several months into this pandemic struggle, the local economy has seen positive signs that the market is beginning to adapt. “As we started to ease up the situation or the restrictions, most of the Micro-, Small and Medum Enterprises (MSMEs) are already going back to their normal...
Trade and Industry Secretary Ramon Lopez said the latest jobs report by the Philippine Statistics Authority (PSA) indicates that the country is on the right track towards recovery. Lopez noted that PSA’s Labor Force Survey (LFS) recorded an employment rate in October at 91.3 percent, the highest...
The Department of Trade and Industry (DTI) has given in again to the demand of domestic cement manufacturers as it hiked the second year safeguard duty to P9.80 on 40-kilogram bag imported cement, almost at the same level as last year’s P10 duty and higher than the original P9 duty it ordered...
Lower goal of $122 B in 2022 ‘doable’ The Philippine Export Development Plan (PEDP) is currently under review whether or not the country’s export target, even the lower end-target of $122 billion in 2022, is still doable given the continuing challenges posed by the COVID-19 pandemic. Trade...
The Department of Trade and Industry (DTI) today released the regional information campaign materials as the agency warned consumers of misleading advertisements being peddled by enterprises to lure customers. “The DTI enjoins the general public to always practice your rights and responsibilities...
The Department of Finance (DOF) ordered the Department of Trade and Industry (DTI) to return to the government coffers the P32.6 billion sitting idle in the state-owned Philippine International Trading Corp. (PITC). In a statement, Finance Secretary Carlos G. Dominguez III said he has...
The Philippines has exempted most of the farm produce, including rice, and some industrial products such as cement and auto parts from the Regional Comprehensive Economic Partnership (RCEP) to shield these domestic industries from the impact of the mega trade deal that opens 98.1 percent of the...
Dyson, the world’s leading advanced technologies firm, yesterday announced the setting up a dedicated software laboratory in the Philippines to expand its operation in the production of intelligent and advanced machines with embedded software, firming up the country’s major role in the...
Trade and Industry Secretary Ramon M. Lopez is amenable to a proposal to review the mandate of the Philippine International Trading Corp. (PITC), which is alleged to have P33 billion in “parked” funds for the procurement projects of various government agencies. Trade and Industry Secretary...
The Department of Health (DOH) and the Department of Trade and Industry (DTI) have signed a Joint Administrative Order (JAO) to set the price range for RTPCR COVID-19 test. (JANSEN ROMERO / MANILA BULLETIN) The issuance of JAO No. 2020-0001 signed on November 24, 2020, which is expected to take...
