Philippines and Chile, separated by thousands of miles, have started to strengthen economic relations with the signing of a memorandum of understanding for the establishment of a Joint Economic Cooperation (JEC) and to help each other’s membership bids in other regional free trade deals. ...
China is committed to expand investment ties with the Philippines following a surge in bilateral trade in the first quarter of the year. Chinese Ambassador to the Philippines with President Duterte (File photo: Chinese embassy/Manila Bulletin) Chinese Ambassador to the Philippines Huang Xilian said...
Shenzhen Grandsun Electronics Co. Ltd., a Chinese sub contractor of a European company, is planning to expand operation in the country in one of the economic zones in Batangas City. This was revealed by Trade and Industry Secretary Ceferino S. Rodolfo at the recent virtual meeting with members...
The Philippines ranked the lowest among major ASEAN countries in taking advantage of the tariff advantage in the US market following the US-China trade war. The “The Impact of Section 301 Tariffs on China: An Analysis of US Import Trends for Indonesia and Select ASEAN Neighbors since 2017”,...
Bilateral trade between the Philippines and Poland more than quadrupled in the past five years encouraging both countries to further broaden their economic cooperation. This was highlighted at the recent virtual business forum “Let's do business together: Poland-Philippines - opportunities and...
The country’s trade deficit widened by double-digits in February after imports expanded for the first time in nearly two-years, preliminary data from the Philippine Statistics Authority (PSA) showed. MB File (Photo by Ali Vicoy) Based on the PSA report released on Thursday, April 8, the gap in...
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,...
SECRETARY RAMON M. LOPEZ Department of Trade and Industry (Photo by Mr. Mark Ches Ang) While there’s a growing awareness of the global competitiveness of Filipino products, there are still some Pinoys that are biased towards imported products because they think locally-made goods are not “high...
The Philippines is a country of diverse talents. One of the many indicators of this is how Filipino MSMEs parade creativity and craftsmanship with their proudly local products. From everyday staples and necessities to products that one would consider a luxury, name it and it’s highly likely that...
A purchase may seem trivial, but the collective effort to patronize local products spurs patriotism and love of country. Fortunately, some Filipino MSME owners are seeing an optimistic trend, with more local consumers looking to buy their products. Majority of local MSMEs in the country are also...
Secretary Ramon M. Lopez Department of Trade and Industry We should never think small when we talk about micro, small, medium enterprises (MSMEs). The implementation of stricter health lockdowns in the first quarter of 2020 to prevent the spread of COVID-19 had severely affected businesses,...
