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Exports by the Philippines reached a record-high of $70.3 billion in 2019 from $69.3 last year despite external headwinds from the global trade policy uncertainties, geopolitical tensions, and country-specific challenges, Department of Trade and Industry (DTI) Secretary Ramon Lopez said. “The relatively strong export performance of the Philippines transpired amid DTI’s strong efforts in attracting […]
Senator Sonny Angara is calling for more support for local industries, with particular focus on diversification in order to boost exports and help the growth of the local economy. Presiding over the Development Budget Coordination Committee (DBCC) briefing on the proposed 2020 national budget as chairman of the Senate Committee on Finance, Angara noted how […]
Senator Cynthia Villar has encouraged entrepreneurs across Zamboanga Peninsula to cash in on the huge global market demand for halal products or products that meet Islamic dietary laws. Villar said they have to get “serious” in making halal products, as she asked the Department of Trade and Industry (DTI) to assist them in promoting halal […]
The implementation of the Rice Competitiveness Enhancement Fund (RCEF) or Rice Fund would provide farmers with the needed compensation for the projected reduction or loss of farm income following the proposed rice tariffication. Agriculture Secretary Emmanuel Piñol said the proposed P10 billion RCEF “is very critical to achieve growth in agriculture.” As such, Piñol said […]