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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 […]
The Department of Agriculture (DA), Department of Trade and Industry (DTI) and National Irrigation Administration (NIA) signed a memorandum of understanding that aims to ensure an efficient rice supply chain and create an alternative market for the grain which will benefit both farmers and consumers. The MOU seeks to promote the Integrated Rice Supply Chain […]
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) and the Women’s Business Council Philippines, Inc. (WomenBizPh) signed a Memorandum of Understanding (MOU) to promote awareness on the benefits of free trade agreements (FTAs), such as the Regional Comprehensive Economic Partnership (RCEP) Agreement, with the end view of increasing the country’s utilization of these preferential arrangements. DTI […]
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) intensified its strategic communication campaign on consumer protection and acceleration of local micro, small, and medium enterprises (MSMEs) by sealing a partnership with the Union of Local Authorities of the Philippines (ULAP) on 18 January 2024. Aligned with the Department’s MSME development efforts, the signing of the memorandum […]
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 […]
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), […]