True to its mandate of assisting micro, small, and medium-sized enterprises (MSMEs) in the Philippines to stand on their own and find their niche in the local and international markets, the Department of Trade and Industry has been at the forefront of bolsteringthe growth of Filipino MSMEs by...
The COVID-19 global pandemic is sorely testing our people's resolve to create a better life for themselves. SECRETARY RAMON LOPEZ Department of Trade and Industry (Photo by Mr Mark Ches Ang) This isn't surprising as the pandemic has shaken even the world’s strongest economies. That's why we at...
Legal teams from the country’s top law firms are ganging up on domestic labor union Philippine Metalworkers Alliance (PMA) stressing the workers are not domestic automotive manufacturers and therefore have no authority and personality to represent the local industry in the safeguard measure case...
The Department of Agriculture (DA) has been formally asked by its legally mandated arm for stakeholders' participation, Philippine Council for Agriculture and Fisheries (PCAF), to withdraw its petition to lower import tariff rates on pork. Instead, PCAF is proposing for the government to allow the...
The Department of Agriculture (DA) is now pushing to further expand the minimum access volume (MAV) allocation on pork to 404,210 metric tons (MT) from the current 54,000 MT, a proposal that has already been sent to President Rodrigo Duterte for approval. On Tuesday (Feb. 16), Agriculture Secretary...
The Philippine government is eyeing a way bigger minimum access volume (MAV) allocation, or about 388,790 metric tons (MT), for pork. This is just one of the proposals of the Department of Agriculture (DA) in terms of addressing the shortfall in the supply of the commodity as well as bring down its...
42% laid off workers Majority or 90.9 percent of companies are just operating at certain capacity while 42.4 percent have laid off employees either temporarily or permanently, according to a survey conducted by the Philippine Exporters Confederation Inc. (PhilExport). The PhilExport Survey on the...
Land Bank of the Philippines (LANDBANK) has opened a new credit facility that will fund 90 percent of borrowers’ investment requirement, but this is only if the borrower is either a farmer or a micro, small, and medium enterprise (MSME) engaged in the agricultural value chain of certain...
The country’s trade deficit was slashed by almost half last year after global demand for goods weakened amid the coronavirus-induced recession, data from the Philippine Statistics Authority (PSA) showed. The gap in the trade balance, or the difference between the value of export and...
Go green, go local ! Sustainable living has evolved from being just a fad to a collective movement which some Filipinos have seriously embraced. For those who have included adapting to a zero-waste lifestyle in their list of new year’s resolutions, here’s a quick list of local products that can...
Makati Shangri-La, the Philippines foremost business hotel located at the heart of the Makati business district along Ayala Avenue, today announced the temporary closure of their 30-year operation due to uncertain business condition effective February 1, 2021. (Photo from Makati Shangri-La’s...
The country’s Micro, Small to Medium Enterprises (MSMEs) has always been described as the lifeblood of the country’s business landscape that largely supports and spurs economic development and helps generate wide-scale employment. As of May 2019, 99.56 percent of business...
