Although majority of R&D-intensive businesses were affected by the COVID-19 impact, Filipino firms that invest in research and development have been less affected by COVID-19, according to a report. The new International Trade Centre (ITC), the joint agency of the World Trade Organization and...
Businessmen are hopeful that the newly signed RCEP will stimulate trade, investment and digital transformation among member countries. Amb. Benedicto V. Yujuico, president of the Philippine Chamber of Commerce and Industry (PCCI), cited the timely completion of the world’s biggest free...
After 8 years of negotiations, trade ministers from 15 countries are set to sign tomorrow, Nov. 15, the China-backed Regional Comprehensive Economic Partnership (RCEP), creating the world’s biggest free trade area (FTA) agreement. “The RCEP has finally been concluded and finalized by all trade...
Taiheiyo Cement Corporation of Japan is investing P15 billion in the Philippines for the construction of new state of the art production line in Cebu that will increase it capacity by 50 percent in the immediate term. Trade and Industry Ramon M. Lopez said the Japanese principal has given...
Trade and Industry Secretary Ramon Lopez said the GDP growth rate of -11.5% in the third quarter of this year still conforms with the country’s economic recovery trajectory, coming from the previous quarter’s -16.9 percent during the peak of the COVID-19 health crisis. “While the...
Suggested retail prices (SRP) of Noche Buena products have remained unchanged as manufacturers agreed to absorb the additional costs of production in a show of solidarity with(B consumers who are hard up due to the pandemic. This was shown in the new SRP released today (Nov. 10) by the...
Puerto Prinsesa City, Palawan--The Provincial Economic Enterprise Development Office (PEEDO) prepares Palaweños in southern Palawan in making Tablea products out of Cacao that are eyed to be sold worldwide and to support the tourism industry. Bethel Wyeth Cayao-Asag, PEEDO admin assistant VI said...
State-owned trading arm Philippine International Trading Corp. (PTC) has been tapped to procure the COVID-19 vaccines as early as before the end of this year as the government pursues negotiations with foreign manufacturers. Trade and Industry Secretary Ramon M. Lopez Trade and Industry Secretary...
The PHINMA Group said its cement trading arm PhilCement Corp. will quickly adjust to the new labeling rules and adopt to the new regulations set by the Department of Trade and Industry. This was committed by the PHINMA Group after forging an agreement with the DTI to work together for stability and...
The Philippine delegation is targeting to attract over 1,300 buyers and generate a modest $31 million worth export deals at the upcoming China International Import Expo (CIIE), significantly lower than the $300 million the Philippines realized during last year’s China International...
President Rodrigo Roa Duterte talks to the people after holding a meeting with the Inter-Agency Task Force on the Emerging Infectious Diseases (IATF-EID) core members at the Matina Enclaves in Davao City on October 26, 2020. ARMAN BAYLON/PRESIDENTIAL PHOTO...
Trade and Industry (DTI) Secretary Ramon M. Lopez said the decline in the country’s Purchasing Managers’ Index (PMI) or factory output in October as “marginal” saying the economy is just on a temporary pause. “The slight decline in the Philippine manufacturing PMI merely reflects a pause...
