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Department of Trade and Industry (DTI) Secretary Fred Pascual encouraged Australian firms to seize the stronger economic cooperation between the Philippines and Australia during the Business Roundtable Meeting, held in Adelaide, Australia. Pascual highlighted the Philippines’ growing economy and conducive business environment, making it a strategic location for investments with its young population, skilled workforce, […]
For the third consecutive year since becoming a Hall of Famer in 2020, Quezon City is hailed as the country’s Most Competitive Local Government Unit under the Highly Urbanized Cities category of the Cities and Municipalities Competitiveness Index (CMCI). The city received a total of six awards from the Department of Trade and Industry (DTI), […]
In time for the 61st anniversary of diplomatic relations between the Philippines and Nigeria, Philippine Department of Agriculture (DA) Senior Undersecretary Domingo Panganiban welcomed Philippine Honorary Consul General in Lagos, Nigeria Emmanuel Oloja Akpakwu during the latter’s courtesy call. As the Philippines’ 53rd trading partner worldwide—as per 2022 data of the Philippine Statistics Authority (PSA)—Nigeria […]
Davao City Mayor Sebastian Duterte warmly welcomed Zhao Xiuzhen, the newly appointed Consul General of the People’s Republic of China in Davao City. Consul General Zhao expressed her gratitude for the city’s hospitality and for the opportunity to meet Duterte, saying her predecessor, former Consul General Li Ling already assured her of a smooth transition […]
Several measures intended to enhance the capabilities, processes and quality of goods produced by Philippine enterprises took center stage in a recent hearing by the Committee on Trade, Commerce and Entrepreneurship. Senator Sonny Angara was designated as the subcommittee chairman to hear the bills since these are in line with his Tatak Pinoy (Proudly Filipino) […]
Philippine merchandise exports capped 2021 with a 14.5% growth with a value reaching $74.6B, based on preliminary data from the Philippine Statistics Authority (PSA). Despite the emergence of a new COVID-19 variant that has impeded the full recovery of the global economy, Philippine exported goods increased in December which added $6.3B in the country’s export […]
The Department of Trade and Industry’s Fair Trade Enforcement Bureau (DTI-FTEB) reported that 94.24% of Metro Manila business establishments monitored are compliant with the Minimum Public Health Standards (MPHS) set by the government to mitigate the spread of COVID-19 in the country. Out of the 5,267 inspected firms last year, 4,121 observed and followed the […]
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 […]
To further encourage the growth of local micro, small and medium enterprises (MSMEs), considered as the backbone of the country’s economy, Senator Win Gatchalian sought to institutionalize “One Town, One Product (OTOP) Philippines” through Senate Bill No. 2366 or the One Town, One Product Philippines Act. The bill seeks to enable the recovery of local […]
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 […]