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The Department of Trade and Industry (DTI) has further intensified its monitoring and enforcement operations against violators of Republic Act No. 11900 or the “Vaporized Nicotine and Non-Nicotine Products Regulation Act and its Implementing Rules and Regulations (IRR). With its heightened enforcement operations, the DTI covers both physical and online stores, confiscating over 18,000 non-compliant […]
Investment pledges from foreign firms during the presidential visits over the past 16 months are now being actualized substantively and tangibly, boosting the position of the Philippines as a premier investment destination for foreign businesses in Asia, according to the Department of Trade and Industry (DTI). Notably, the presidential visits of President Ferdinand Marcos Jr. […]
Department of Trade and Industry (DTI) Secretary Fred Pascual affirmed the Department’s strong efforts to create an enabling environment for investments during the inauguration of the Brother Industries Philippines Inc.’s third factory expansion in Batangas recently. “We are actively showcasing our skilled workforce, strategic location, and generous investment incentives to the world, tailoring opportunities to […]
Department of Trade and Industry (DTI) Secretary Fred Pascual called for deeper economic collaboration and stronger investment deal between the Philippines and Vietnam during the welcome networking reception for the Philippine business delegation at the sidelines of the Presidential visit in Vietnam. In his address, Pascual welcomed business leaders as he emphasized the shared economic […]
The Department of Trade and Industry (DTI) reported a noteworthy accomplishment with a total of 984,332 business name registrations for 2023. This marks a consecutive annual increase showcasing a 5% spike from the previously recorded 937,431 registrations in 2022. “All business name registrations, 88% (864,200) accounted for new business registrations, with the remaining 12% (120,132) […]
The Department of Trade and Industry (DTI) has completed the assessment and validation of notifications for price adjustments filed by certain manufacturers in the Coffee and Salt categories of the basic necessities with suggested retail prices (SRPs). Price adjustments have been approved for 3 of 13 stock-keeping units (SKUs) of coffee and 6 of 19 SKUs of […]
Shoring up the promotion of locally-developed biofertilizer products and technologies in the Philippines, the Board of Investments (BOI) discussed with AgriSpecialist, Inc. (ASI) possible strategic collaborations in the commercialization of the country’s biofertilizer industry. Director Raquel Echague of the BOI’s Resource-Based Industries Service (RBIS) and Mario Labadan, Jr., President of AgriSpecialist, Inc., talked about the […]
The country’s premier industry development and investment promotion agency recorded P1.16 trillion (T) in investment approvals—the highest-ever level in the Agency’s 56-year history. This surpasses the previous record of P1.14T generated in 2019 and is already 59-percent higher than last year’s P729.1 billion (B) level. This also marks the third time in four years the […]
Renewing its commitment to the economic recovery initiatives of President Ferdinand Marcos Jr., Department of Trade and Industry (DTI) Secretary Fred Pascual laid down the major milestones achieved by the Department throughout the year in areas of trade expansion, investment promotion, business climate competitiveness, workforce upskilling, and digital transformation for micro, small, and medium enterprises (MSMEs), […]
The Department of Trade and Industry (DTI) successfully carried out its heightened enforcement of technical regulations, resulting in the confiscation of uncertified fireworks in Bocaue, Bulacan. During the enforcement operations, four out of the 33 inspected retail firms were issued with Notices of Violation (NOV) for selling fireworks not covered by the Philippine Standard (PS) license and […]