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The Department of Trade and Industry’s (DTI) office in Pangasinan has targeted nine municipalities in the province as first recipients of the “Negosyo Serbisyo sa Barangay,” which aims to assist and encourage community residents to engage in business. During the Kapisanan ng mga Brodkaster sa Pilipinas forum in Dagupan City, DTI-Pangasinan Director Natalia Dalaten said […]
The Philippines will continue to push for stronger bilateral business and economic relations with China following the fifth visit of President Rodrigo Duterte to Beijing last month. This was the assurance given by Department of Trade and Industry (DTI) Secretary Ramon Lopez during the PH-China Business Forum, which was attended by a 272-business delegation from […]
Department of Trade and Industry (DTI) Secretary Ramon Lopez has committed to help the Hinduja Group of Companies find a local partner for their plan to manufacture buses for the Philippines government’s Public Utility Vehicle (PUV) Modernization Program, should they decide on a partnership model for the business venture. In a meeting with DTI recently, […]
The Department of Trade and Industry (DTI) is seeking to double, or to raise to 50 percent, the contribution of electronic commerce to the country’s economy by 2022, as more micro, small and medium enterprises (MSMEs) and internet users engage in e-commerce. DTI Secretary Ramon Lopez cited other neighboring countries which are already doing all […]
Trade and Industry Secretary Ramon Lopez dispelled fears over possible job losses due to the emerging new technologies in various industries. “Technology leads to innovation and new approach in doing things. It won’t always lead to loss of jobs but rather provide opportunities for the industry to increase productivity and introduce new high-paying jobs for […]
From 73rd ranking last year, the Philippines jumps to 54th place among 129 countries in the 2019 Global Innovation Index (GII). The Philippines scores 36.18 this year, up from last year’s 31.56. The country’s scores significantly increased in five of the GII’s eight pillars: institutions, infrastructure, business sophistication, knowledge & technology outputs, and creative outputs. “It recognizes […]
The Department of Trade and Industry (DTI) will ask President Rodrigo Duterte to issue an executive order (EO) that will significantly reduce logistics costs for local companies over the next few months. DTI Secretary Ramon Lopez said he has instructed Undersecretary Rowel Barba to reconvene the technical working group composed of the Department of Transportation, […]
The Department of Trade and Industry (DTI) is pushing for the passage of a bill institutionalizing a government program to provide affordable financing for micro, small and medium enterprises (MSMEs) in the 18th Congress. In a speech delivered during the National MSME Summit 2019 recently, DTI Secretary Ramon Lopez said the proposed P3 (Pondo sa […]
Top government economic officials are optimistic that the Philippine economic growth momentum is strong enough to overcome the impact of trade tensions between the United States (US) and China. “There are those things that basically would re-channel some of what would have been export activities to filling up the domestic demand. It’s a good thing […]
Department of Trade and Industry (DTI) Secretary Ramon Lopez said that for the Philippines to be a production hub of electric vehicle (EV) in the future, government should work on a special program that will attract investors in the different stages of the value chain in the EV industry. The special program can also boost […]