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Philippine exports reached $6.16 billion in February, growing by 15% compared to the same period last year, based on Philippine Statistics Authority (PSA) preliminary data. Moreover, cumulative exports for the first two months of the year amounted to $12.2B, 11.9% higher than the $0.9B exports in 2021 and 15.7% higher compared to the 2019 pre-pandemic […]
Trade Secretary Ramon Lopez is supporting the planned establishment of Space Exploration Technologies Corp. (SpaceX) in the country, which will provide internet services in the Philippines using its Low Earth Orbit (LEO) satellite network constellation called Starlink. The constellation consists of over 1,600 satellites in mid-2021, and will eventually comprise thousands more mass-produced small satellites […]
Quezon City, Dasmariñas City, Cavite, and Bambang, Nueva Vizcaya led the nine local government units (LGUs) that were recognized for their outstanding achievement in issuing Safety Seals to business establishments during the Recognition of Best Performing Local Government Units in the Safety Seal Certification Program, VaxCertPH Program, and National Vaccination Day held recently at the […]
The Department of Trade and Industry (DTI) announced the issuance of Joint Administrative Order (JAO) No. 22-01, series of 2022, or the Guidelines Reiterating the Laws and Regulations Applicable to Online Businesses and Consumers. Under the JAO, government agencies shall develop a system to exchange intelligence/information on prohibited and regulated items monitored online, including automatic […]
Department of Trade and Industry (DTI) Secretary Ramon Lopez highlighted the possible benefits that the Philippines might be able to gather from the establishment of the largest hyperscale data center in the country during the courtesy call of Darren Hawkins, CEO of SpaceDC. Together with him was Joshua Robinson, Chief Investment Officer of the said […]
Department of Trade and Industry (DTI) Secretary Ramon Lopez attributed the growth in the country’s manufacturing output to the continued easing of economic restrictions amid the challenges of the COVID-19 pandemic. The latest report published by global provider IHS Markit noted that the country’s purchasing manager’s index (PMI) jumped to a high of 52.8 in […]
Department of Trade and Industry (DTI) Secretary Ramon Lopez highlighted the importance of sustainable development for the Philippines during the courtesy call of UK Prime Minister’s Trade Envoy Richard Graham. Lopez shared that one of the key priority areas for the country in terms of trade and investment is sustainable development in the form of […]
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 […]
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 […]
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 […]