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As part of its ongoing commitment to help the country towards economic recovery, the Department of Trade and Industry (DTI) and Google launched “MSME Caravan Mondays”, a series of free digital upskilling training sessions for micro, small, and medium enterprises (MSMEs). Initially presented in February 2020 in partnership with the DTI, MSME Caravan is a […]
A Filipino company based in Davao City has promoted the conversion of biodegradable waste to natural fertilizer by giving incentives to interested Dabawenyos. The Davao Thermo Biotech Corporation (DTBC) launched its Yellow Drum Project (YDP) in the last quarter of 2020. The project aims to adopt biodegradable waste management by diverting biodegradable wastes to the […]
Department of Trade and Industry (DTI) Secretary and Board of Investments (BOI) Chairperson Ramon Lopez announced a P1.25T project approval target for the agency in 2021, following total approved investments of P1.02T last year. “We are working hard for a V-shaped Philippine economic recovery in 2021 and are hence targeting the original 2020 pre-pandemic goal for […]
The Philippine Manufacturing Purchasing Managers’ Index (PMI) increased from 49.2 in December 2020 to 52.5 in January 2021, posting above the 50.0 neutral mark separating expansion from contraction. January PMI data is the highest in 25 months, even prior to the pandemic, signaling improving manufacturing conditions and indicating the start of recovery of the sector. […]
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 […]
The Department of Trade and Industry (DTI), in partnership with the United Nations Development Programme (UNDP) in the Philippines, inaugurated the Enhanced Manufacturing of Protective Wear and Equipment for COVID-19 Response in the Philippines (or EMPOWER PH) project, a collaborative online platform that will connect various stakeholders and manufacturers to facilitate and accelerate the production […]
The Department of Health (DOH) and the Department of Trade and Industry (DTI) signed the Joint Administrative Order (JAO) for setting the price range for Reverse Transcription-Polymerase Reaction (RT-PCR) Testing for COVID-19. The JAO is pursuant to Executive Order No. 118 of President Rodrigo Duterte that ordered agencies to implement a price range for COVID-19 […]
The Philippine Board of Investments (BOI) launched a new international investment promotion brand campaign, “Make It Happen in the Philippines” which aims to attract investment to the Philippines by highlighting its potential as an ideal business destination in Asia. The campaign highlights the country’s highly skilled and resilient human resource that is elevated by a […]
Department of Trade and Industry (DTI) Secretary Ramon Lopez said that the Small Business Corporation (SB Corp) is set to process an additional 15,000 loan applications before the year ends to aid the recovery of Micro, Small, and Medium Enterprises (MSMEs) affected by the resulting lockdowns of the COVID-19 pandemic. “With the improvement in our […]