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In a significant move towards deepening their economic cooperation, the Philippines and the Kingdom of Saudi Arabia recently came together at a pivotal Roundtable Meeting. The event, jointly organized by the Department of Trade and Industry, through its Philippine Trade and Investment Center in Dubai, and the Saudi Ministry of Investments (MISA), unfolded on the […]
Department of Trade and Industry (DTI) Secretary Fred Pascual signed a Memorandum of Understanding (MOU) with DK P.O. Fulfillment Company, Inc. (DKPO), a non-interest financing service to address the development of the Halal industry in the country, particularly for micro, small, and medium enterprises (MSMEs). Pascual emphasized that the development of the Halal industry is […]
Department of Trade and Industry (DTI) Secretary Fred Pascual encouraged Australian firms to seize the stronger economic cooperation between the Philippines and Australia during the Business Roundtable Meeting, held in Adelaide, Australia. Pascual highlighted the Philippines’ growing economy and conducive business environment, making it a strategic location for investments with its young population, skilled workforce, […]
Two hundred linemen of the Cotabato Electric Cooperative (Cotelco) in Matalam, North Cotabato joined the first-ever “Linemen Appreciation Day” initiated online by the National Electrification Administration (NEA) and the Philippine Association of Rural Electric Cooperatives (PHILRECA).The program aims to recognize all line workers in the country in their silent contributions which allow the continuous operation […]
A medical supplies manufacturer has assured the Department of Trade and Industry (DTI) of deliveries of N95 face masks from abroad. The DTI said the mother company of Medtecs International Corp. Ltd abroad will be supplying 400,000 pieces of FFP2-N95 masks that are set to arrive next week. “N95 face masks will be made available […]
The Philippine Bamboo Industry Council (PBIC) is looking into converting at least 19,000 hectares of land nationwide into a bamboo plantation this year, the Department of Trade and Industry (DTI) said. The largest land conversion will be in Region 6 (Western Visayas) with 13,000 hectares of land eyed for bamboo plantation. DTI Secretary and PBIC chairman […]
Trade Secretary Ramon Lopez said his department is preparing livelihood assistance to help entrepreneurs affected by the Taal Volcano eruption.Lopez said the Department of Trade and Industry (DTI) aims to disburse P50 million worth of micro finance facilities under the Pondo sa Pagbabago at Pag-asenso, or the P3 Program. “We are preparing for livelihood assistance […]
Trade Secretary Ramon Lopez said his department will suggest to retailers that sales of face masks be limited per customer as demand for these have surged following the eruption of Taal Volcano on Sunday. Social media users posted that N95 masks have immediately gone out of stock in some stores in Bambang in Manila which […]
Trade Secretary Ramon Lopez said institutionalizing the “Build, Build, Build” program will sustain the growth of the construction sector even with the change in the administration. On the sidelines of the 4th Philippine Construction Industry Congress in Makati City, Lopez said he sees the importance of enacting the program into law to ensure that the […]
Offering higher wages in the construction industry will address the shortage of skilled labor in the sector, Trade Secretary Ramon Lopez said. Lopez told reporters that construction companies are now hiking wages to ensure that there will be no delays in their projects due to manpower shortage. “We see it happening.” “We see it happening, because […]