IKOT.PH
The Department of Trade and Industry (DTI), in partnership with the Department of Agriculture (DA), has filed charges against 60 traders who violated the Republic Act 7581 or the Price Act. DTI Secretary Ramon Lopez said the two agencies have been partnering with each other to bust profiteering groups taking advantage of the many restrictions […]
Trade Secretary Ramon Lopez highlighted the legislative plans of the Department of Trade and Industry (DTI) to cement closer collaboration with the Lone District of Navotas Representative John Reynald Tiangco, the new House Chair of the Committee on Trade and Industry, as they held their first virtual meeting recently. Lopez requested for the assistance of […]
The Board of Investments (BOI) and its partner industry stakeholders recently launched the Cold Chain Industry Roadmap, expecting to flourish as it plays a critical role in maintaining the safety and efficacy of the COVID-19 vaccines. The Cold Chain Industry Roadmap lays down the blueprint for industry expansion towards the “new normal” adept in coping […]
Trade Secretary Ramon Lopez expressed confidence in a more optimistic business outlook for 2021 in reaction to the latest Social Weather Stations (SWS) report of the November 2020 Net Economic Optimism. The report, conducted from 21 to 25 November, indicated that 42% of Filipinos expect the local economy in better shape in the next 12 […]
The Department of Trade and Industry (DTI) is adjusting safeguard duty for imported cement this 2021 for the second year of the imposition of the trade remedy. DTI-Bureau of Import Services director Luis Catibayan said safeguard duty this year is being eyed at P9.80 per 40-kilogram bag of cement, which is higher from the initial […]
The Department of Trade and Industry’s (DTI) preliminary determination on the petition for safeguard measures filed by the Philippine Metalworkers Alliance found that increased importation of passenger cars and light commercial vehicles is a substantial cause of serious injury to the domestic motor vehicle manufacturing industry. DTI’s preliminary determination also found that critical circumstances exist […]
The Department of Trade and Industry (DTI) and the Philippine Trade Training Center (PTTC) virtually launched the “Building an Entrepreneurial Society of Tomorrow Bootcamp: Accept, Adapt, and Act” (BEST Bootcamp: 3A) Program, which will provide business mentoring and entrepreneurial training for displaced or retrenched workers because of the pandemic and those who want to start […]
The Department of Trade and Industry (DTI) and Technical Education and Skills Development Authority (TESDA) have recently allowed more Technical Vocational Education and Training (TVET) Qualifications training and assessments to be conducted in areas placed under the General Community Quarantine (GCQ), following the issuance of Joint Memorandum Circular No. 20-06 released recently. According to the […]
Department of Trade and Industry (DTI) Secretary Ramon Lopez said the latest employment rate at 91.3% as recorded by the Philippine Statistics Authority (PSA) indicates that the country is on the right track towards economic recovery. The PSA’s Labor Force Survey (LFS) indicated that the employment rate in October 2020 was estimated at 91.3%, which […]
The Philippines remains a competitive investment location as foreign investors continue to “Make It Happen In The Philippines” and even consider the challenges of the COVID-19 pandemic as an opportunity to further grow their businesses as more and more companies continue to choose the country for their business expansions. Arkray Industry Inc., a subsidiary of […]