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Government

PH EXPORTS UP BY 15.2% IN 2021 – LOPEZ

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 […]

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Government

PH ECONOMY TO BENEFIT FROM RCEP AGREEMENT – LOPEZ

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 […]

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Government

PH RECORDS 16% EXPORT GROWTH IN 2021 – LOPEZ

Despite some disruptions in the reopening of the global economy and in international trade, cumulative Philippine exports reached $62.1 billion in January-October 2021, growing by 16.1% compared to the same period last year and 5.71% higher than the pre-pandemic average values from 2016 to 2019. Merchandise exports increased by 2% year-on-year (YOY) to $6.4 billion […]

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Government

DTI BAGS 3 GCASH EXCELLENCE AWARDS – LOPEZ

The Department of Trade and Industry (DTI) was recognized by GCash during the first Digital Excellence Awards. The awards are given to government units and agencies that paved the way in uplifting the lives of their constituents and clients by pioneering the use of digital financial products to help ensure the safe and efficient delivery […]

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Government

NO SRP INCREASES IN NOCHE BUENA PRODUCTS – LOPEZ

The Department of Trade and Industry (DTI) released the List of Suggested Retail Prices (SRPs) of Noche Buena products for the information and guidance of the consumers as the holiday season approaches. The price guide includes products such as ham, keso de bola, cheese, sandwich spread, mayonnaise, pasta—spaghetti noodles, elbow and salad macaroni, spaghetti sauce, tomato […]

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Government

FTSC GEARS UP FOR PH POST-COVID BOOM — LOPEZ

The Foreign Trade Service Corps (FTSC) of the Department of Trade and Industry held its 2022 virtual planning conference recently as part of the group’s preparations of its work programs and activities as the Philippines prepares itself for increased economic activity post COVID-19 pandemic. Trade Secretary Ramon Lopez reported that despite the pandemic, Philippines exports […]

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Government

PH TO BENEFIT FROM RCEP AGREEMENT – LOPEZ

An online public hearing for the Regional Comprehensive Economic Partnership (RCEP) Agreement was conducted by the Senate Committee on Foreign Relations (CFR) recently. The hearing was led by Senator Koko Pimentel, Chairperson of the CFR and attended by representatives from the government, academe, private sectors, and civil society organizations. The Department of Trade and Industry […]

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Government

‘PRESYONG RISONABLE’ NOW IN METRO SUPERMARKET – LOPEZ

The Department of Trade and Industry (DTI) and Department of Agriculture (DA) launched the Presyong Risonable Dapat Program (PRDP) – Frozen Meat Edition in Metro Supermarket, continuing their mandates to ensure stable prices of basic necessities and prime commodities. The event commenced with the presence of officials from DTI headed by Secretary Ramon Lopez and Consumer Protection […]

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Government

PH IS MOST IMPROVED COUNTRY IN PPI LIST – LOPEZ

The Philippines was named the most improved country in the 2021/2022 Peddling Peril Index (PPI) of countries implementing strategic trade regulations. The Philippines’ ranking increased by 273 points from 482 points the previous year to 755 points, moving up from 86th place in 2020 to 49th place in 2021. “PPI rates 200 nations based on their strategic […]

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Government

ASEAN NEEDS FASTER DIGITAL TRANSFORMATION – LOPEZ

Department of Trade and Industry (DTI) Secretary Ramon Lopez called on Association of Southeast Asian Nations (ASEAN) Member States to accelerate the digital transformation of the region, at the interface of the ASEAN Economic Community (AEC) Council Ministers and Digital Ministers hosted by Brunei Darussalam via video conference recently. Lopez shared that the Philippines and […]