The Department of Trade and Industry (DTI) is exploring the launch of a loan program to mitigate the impact of reciprocal tariffs imposed by the United States (US) on domestic exporters. DTI Secretary Cristina Roque said her agency is gearing up to study a loan program for exporters, ranging from...
The Department of Trade and Industry (DTI) is seeking to increase its proposed budget for next year by as much as ₱2 billion to enhance the country’s investment promotion programs and attract more foreign investments amid ongoing trade tensions. Under the National Expenditure Program (NEP),...
The Philippines is negotiating with the United States (US) to exempt exports of coconut products from the 19-percent reciprocal tariffs imposed by US President Donald Trump, according to the Department of Trade and Industry (DTI). DTI Secretary Cristina Roque said the government is working to...
Senator Panfilo "Ping" Lacson has called for an immediate investigation and filing of the necessary criminal and administrative charges against at least two members of the Philippine Contractors Accreditation Board (PCAB) for overlapping and conflicting positions as owners of construction companies...
The country’s leading mining groups are urging the government to immediately release Joseph Sy, chairman of Global Ferronickel Holdings Inc. (FNI), following his arrest by the Bureau of Immigration (BI), which they described as “unlawful.” In separate statements on Monday, Aug. 25, the...
Multinational biopharmaceutical giant AstraZeneca is poised to invest more than ₱7 billion over the next three years as part of its commitment to advance scientific innovation in the Philippines’ healthcare system, including the establishment of the country’s first health innovation hub....
The Philippine semiconductor industry is pinning its hope on the government to secure a favorable deal with the United States (US) with the looming announcement of tariffs against foreign-made semiconductors, which could be as high as 300 percent. Philippine Chamber of Commerce and Industry (PCCI)...
The Philippines is banking on new trade agreements to boost market access and reverse the decline in exports and foreign investments due to uncertainties driven by the tariff policy of the United States (US), according to Trade Secretary Cristina Roque. Based on data from the Philippine Statistics...
Indian dyes and chemicals company Kiri Industries Limited (KIL) is exploring the prospect of expanding in the Philippines through an integrated copper smelting, refining, and fertilizer production facility, according to the Department of Trade and Industry (DTI). In a statement, the DTI said KIL...
Motorists may face a fuel price shake-up next week, with gasoline expected to rise amid strong demand, while diesel may see a rollback due to growing supply. Based on the four-day Mean of Platts Singapore (MOPS), gasoline per liter may increase somewhere between ₱0.40 and ₱0.60, while diesel...
Another loan from the World Bank is forthcoming for the Philippines, this time to finance the country’s fight against epidemics by strengthening both human and animal health systems to improve pandemic preparedness. According to a Aug. 12 concept environmental and social review summary...
The Marcos administration has secured a commitment from Indian infrastructure giant GMR Group to develop the Sangley Point International Airport (SPIA) in Cavite to help decongest the Ninoy Aquino International Airport (NAIA) and improve regional connectivity. According to a statement from the...
