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Department of Trade and Industry (DTI) Secretary Ramon Lopez said the recent groundbreaking of a Sumitomo Wiring System factory in Binalonan, Pangasinan will support the Philippines’ push for greater innovation in its industries. The new Sumitomo Wiring Systems, Ltd. factory, a subsidiary of Sumitomo Electric, will be located in the North Luzon Aero Industrial […]
The Department of Trade and Industry (DTI) reported that business name registration of online businesses boomed from 1,753 in January-March 15 this year–or before the declaration of the community quarantine–to 75,876 as of September 2. Meanwhile, based on the latest data released by the Business Name Registration Division (BNRD) of the DTI, the total number […]
The Philippines continues to prove that it is among the world’s most innovative economies after ranking 50th out of 131 countries in 2020, up from its 54th place last year, as reported in the annual Global Innovation Index (GII). This is the first time that the Philippines has breached the top 50 of the GII, which […]
The reported improvement in the unemployment rate to 10% in July can be mainly attributed to the gradual reopening of the economy starting May, according to Trade Secretary Ramon Lopez of the Department of Trade and Industry (DTI). “The mindset of the Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF) members […]
Rizal 2nd District Rep. Fidel Nograles is hopeful that a project by the Department of Trade and Industry (DTI) seeking to digitize community-based small businesses will contribute to the success of the “Buy Local, Go Lokal” campaign of the Department of Trade and Industry (DTI).The DTI, in partnership with the Rizal Commercial Banking Corporation, has […]
A consumer group called on the Duterte government to maximize the use of local construction materials for its flagship “Build Build Build” program to help sustain jobs for Filipinos amid the coronavirus disease (COVID-19) pandemic. “This should be a priority as long as these local companies are compliant with product standards and labeling plus markings […]
PayMaya Philippines, Inc. is now an official partner in automating the transactions of the Philippine Contractors Accreditation Board (PCAB), particularly its pilot on online contractor’s license renewal portal (pcabgovph.com) that serves around 15,000 contractors all over the country. The service of PayMaya is an additional digital payment option for contractors aside from the existing Land Bank LinkBiz Portal. The Memorandum of Agreement (MOA) signed by the Department of Trade and Industry, PayMaya, Land […]
The Department of Trade and Industry (DTI) and Department of Labor and Employment (DOLE) issued the Joint Memorandum Circular (JMC) No. 2020-04 or the “DTI and DOLE Supplemental Guidelines on Workplace Prevention and Control of COVID-19” in further efforts to minimize the transmission of the virus in the workplace. “This JMC is a crucial part […]
Senator Joel Villanueva has asked the Department of Labor and Employment (DOLE) and the Department of Trade and Industry (DTI) to provide companies with all necessary assistance to help them adjust to the New Normal and prevent deeper job cuts. As workers continued to be retrenched, Villanueva cited the possibility of the government helping factories […]
During the meeting of some Interagency Task Force for the Management of Emerging Infectious Disease (IATF-EID) Cabinet officials with President Rodrigo Duterte recently in Davao City, Trade Secretary Ramon Lopez presented the Department of Trade and Industry (DTI)’s additional response in the fight against COVID-19 pandemic. “We reported to the President that the Philippines now […]