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Philippine exports led the way to the continued expansion of global trade, spurred on by the gradual opening of major economies abroad as it contributed $5.89-B to total trade or a 29.8% growth for May 2021, over the previous year’s $4.54-B. This effectively shrunk the Balance of Trade by $329.9M from April 2021 figures, even […]
President Rodrigo Duterte has signed Executive Order (EO) No. 140 officially adopting the National Employment Recovery Strategy (NERS) as the Philippine Government’s master plan for the restoration of the country’s labor market. The EO institutionalizes the 20-agency strong NERS Task Force (TF), charging it to implement the strategy from 2021 to 2022, in response to […]
The Department of Trade and Industry (DTI) launched the Philippine Skills Framework (PSF) Initiative, an inter-agency effort to build the skills and competencies of the country’s human capital and workforce to better prepare them for the future economy. Secretary Ramon Lopez noted that the program will continue efforts to grow and develop competitive and innovative […]
Finance Secretary Carlos Dominguez III and Trade and Industry Secretary Ramon Lopez have signed the Implementing Rules and Regulations (IRR) of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act, more than two weeks ahead of the 10 July 2021 deadline set under this law. Micro, small, and medium enterprises (MSMEs) will be the […]
The Philippine Trade and Investment Center (PTIC) – Jakarta reported that Emperador Brandy is now available in Indonesia after months of discussion with importing entities, bringing the taste of proudly Filipino-made alcoholic beverage to the largest Association of Southeast Asian Nations (ASEAN) economy. “Emperador is a household name and a global brand, and we are […]
The Department of Trade and Industry – Board of Investments (DTI-BOI) reported that manufacturing output has rebounded, based on recent data released by the Philippine Statistics Authority (PSA) and IHS-Markit. This point toward industry stabilization as manufacturing output sees an upside in the months ahead with the ongoing rollout of the vaccination program and ease […]
The Department of Trade and Industry-Bureau of Domestic Trade Promotion (DTI-BDTP) partners with Carmelray Industrial Park for the first Bagsakan outside the National Capital Region (NCR) this year. Previously, the Bagsakan Special Project started as an initiative at the onset of the pandemic to sell fresh fruits from the postponed National Food Fair, ensure the continuous supply of food […]
In a bid to further promote competitiveness and long-term sustainability across Government-Owned and -Controlled Corporations (GOCCs), the Department of Trade and Industry (DTI) and the Governance Commission for GOCCs (GCG) entered into a partnership through the signing of a memorandum of understanding (MOU) for the promotion of the Philippine Quality Award (PQA) Program in the […]
The Department of Trade and Industry (DTI) and the Board of Investments (BOI) assured the general public that oxygen supply in the country is adequate despite growing demand among hospitals and COVID-19 patients. “We have an ample supply of oxygen and we have more than twice buffer capacity in the event of a surge in […]
The Department of Trade and Industry (DTI) turned over the supply of 50,000 face masks to the Philippine National Police (PNP) for distribution to individuals they’ve detained for not wearing their masks properly in public. This was following President Duterte’s order during his recent “Talk to the People” to instead give washable face masks to […]