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The pandemic transformed the Philippine startup ecosystem and served as a catalyst which compelled the country to rapidly innovate and adopt new technologies. This was one of the findings revealed in the Global Startup Ecosystem Report (GSER) 2022 during the London Tech Week in San Francisco, California. According to the report, the pandemic led to […]
The Department of Trade and Industry – Competitiveness Bureau (DTI-CB) held the 6th Inclusive Innovation Conference (ICC) at the Batangas State University recently with the theme, “Leadership in Innovation: Key to Sustained Competitiveness and Economic Growth”. With the rapid adoption of technology and the rise of tech-centric programs, the IIC 2022 aimed to define the […]
Following the issuance by President Rodrigo Duterte of Executive Order No. 169 “Strengthening the Franchising Industry for the Protection of Micro, Small and Medium Enterprises (MSMEs)”, Department of Trade and Industry (DTI) Secretary Ramon Lopez ensured that in promoting entrepreneurship and franchising as tried and tested business models for aspiring MSMEs. “We have to protect […]
The Department of Trade and Industry (DTI), through the Philippine Trade and Investment Center (PTIC) in Jakarta met PT WIR Asia, TBK to discuss a plan by an Indonesia company active in the metaverse and augmented reality to deploy one of its subsidiaries in the Philippines with an initial projected investment of $20 million for […]
The Department of Trade and Industry (DTI) issued the new Suggested Retail Prices (SRP) for basic necessities and prime commodities. The price guide of 218 SKUs under DTI’s jurisdiction was published in the Philippine Star on 11 May 2022. 136 Stock Keeping Units (SKUs) or 62% retained their 27 January 2022 SRP Bulletin prices, while […]
Philippine exports hit the highest quarterly record in the last six years at $19.4B in the first quarter of 2022, increasing by 9.8% as compared to the same period last year based on the preliminary data from the Philippine Statistics Authority (PSA). From 2017 to 2020, first-quarter export levels hovered around $16B. This record was […]
The country’s manufacturing Purchasing Managers Index (PMI) jumped to 54.3 in April 2022 as compared to the March 2022 data at 53.2, making it the highest reading since November 2017 or posing a 53-month high. The Department of Trade and Industry (DTI) said this significant growth can be attributed to the consistent expansion of the […]
Department of Trade and Industry (DTI) Secretary Ramon Lopez discussed the preparations for the expansion of a leading New York-based IT-BPM in the healthcare sector, Anthem, Inc., with its Diversified Business Group COO Rajat Puri and Strategic Operations Head Stella Aquino. Lopez reaffirmed the country’s continuing advantages as an Information Technology-Business Process Outsourcing (BPO) investment […]
Department of Trade and Industry (DTI) Secretary Ramon Lopez reaffirmed the Philippine government’s support for the establishment of SpaceX in the country. SpaceX is setting up a business entity that will provide internet service through low earth orbit (LEO) satellites and is targeting to launch the first gateway for their satellites before the end of […]
Department of Trade and Industry (DTI) Secretary Ramon Lopez assured SBA Communications Corporation of the Philippine government’s steadfast support for their continued construction and operations in the Philippines as a provider of critical passive infrastructure for wireless communications or Independent Tower Company (ITC). Lopez met with SBA Senior Director (International) Nicholas Van Slyck and Senior […]