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Senator Joel Villanueva called for a shift in mindset from wage employment to self-employment for young graduates through the establishment of the Philippine Entrepreneurs Academy. Villanueva made this call in his sponsorship of Senate Bill No. 2205 under Committee Report No. 585, creating the said academy that provides degree programs and training for entrepreneurship. The […]
Philippine merchandise exports capped 2021 with a 14.5% growth with a value reaching $74.6B, based on preliminary data from the Philippine Statistics Authority (PSA). Despite the emergence of a new COVID-19 variant that has impeded the full recovery of the global economy, Philippine exported goods increased in December which added $6.3B in the country’s export […]
The Department of Trade and Industry’s Fair Trade Enforcement Bureau (DTI-FTEB) reported that 94.24% of Metro Manila business establishments monitored are compliant with the Minimum Public Health Standards (MPHS) set by the government to mitigate the spread of COVID-19 in the country. Out of the 5,267 inspected firms last year, 4,121 observed and followed the […]
The Department of Trade and Industry (DTI) quickly disseminates the aid through the Livelihood Seeding Program – Negosyo Serbisyo sa Barangay (LSP-NSB). This program aspires to benefit the small business owners despite Typhoon Odette sternly affecting their livelihoods. Following the order of President Rodrigo Duterte before the end of 2021, DTI Secretary Ramon Lopez has extended help […]
Despite continued disruptions in the global economy due to COVID-related restrictions, the Philippine exports grew by 15.2% from January to November 2021 to $68.4B compared to the same period in 2020, based on Philippine Statistics Authority (PSA) preliminary data. Philippine merchandise exports increased by 6.6% year-on-year (YOY) amounting to $6.3B in November 2021 from $5.9B […]
Senator Kiko Pangilinan calls on the government, particularly the Department of Trade and Industry (DTI), to immediately intervene in the looming increase in prices of bread products as millions of Filipinos are still reeling from the catastrophic effect of the ongoing COVID-19 pandemic and the recent devastation brought by Typhoon Odette in the regions. Pangilinan […]
There will no longer be hard lockdowns amid the spike in cases of the coronavirus disease 2019 (COVID-19), made worse by the more transmissible Omicron variant. The Philippine Chamber of Commerce and Industry (PCCI) said they were assured by Department of Trade and Industry (DTI) officials that the government will not implement massive lockdowns anymore. […]
To have another layer of protection amid the spike in coronavirus disease 2019 (COVID-19) cases, the Department of Trade and Industry (DTI) is pushing for making COVID-19 self-test kits available in drugstores. DTI Secretary Ramon Lopez said it is time to adjust the protocol by encouraging the use of COVID-19 self-test kits to prevent transmission. […]
The Department of Trade and Industry’s Consumer Protection Group (DTI-CPG) recently seized 573 pieces of unlicensed fireworks with a retail value of P26,340.00 during a surprise inspection in Bocaue, Bulacan. DTI-CPG Undersecretary Atty. Ruth Castelo led the activity which was conducted by the DTI-Fair Trade Enforcement Bureau (FTEB), in coordination with the DTI-Bulacan Provincial Office […]
With the Regional Comprehensive Economic Partnership (RCEP) Agreement set to enter into force on January 1, 2022, securing Senate concurrence to the ratification of the Agreement becomes more urgent for the Philippines. Many economists and international organizations have already expressed views on the value and importance of the RCEP Agreement to the Philippines and to […]