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Two Cabinet officials have expressed confidence that e-commerce in the country will “continue to grow” and help the economy recover from over two months of strict quarantine protocols to contain the spread of the coronavirus disease (COVID-19). In an interview over Radyo Pilipinas, Trade Secretary Ramon Lopez said he expects e-commerce transactions in the country […]
Department of Trade and Industry (DTI) Secretary Ramon Lopez reiterated his call for business establishments to strictly implement the minimum health protocols as more sectors are now allowed to open as quarantine measures against the spread of the coronavirus disease are eased. In a Palace briefing recently, Lopez said even if there is no significant […]
Department of Trade and Industry (DTI) Secretary Ramon Lopez has reiterated that the 30-day grace period in the payments for residential and commercial rents remains, and still applies to micro, small, and medium enterprises (MSMEs) that are not permitted to operate during the enhanced community quarantine (ECQ). This was followed by the issuance of DTI […]
The National Electrification Administration (NEA) released P238-million worth of loans, including calamity loans, to various electric cooperatives (ECs) in the first five months of 2020. Data from the NEA Accounts Management and Guarantee Department (AMGD) as of May 31, 2020 showed that P238.606-million was borrowed by 16 ECs across the country. The calamity loan extended […]
The Philippines has ramped up its capacity to locally produce face masks amid the coronavirus disease 2019 (COVID-19) pandemic, an official from the Department of Trade and Industry (DTI) said. “In fact, our local supply now reaches 25 million, from about 7 million to 8 million combined capacity of MedTecs and Yokoisada,” DTI Undersecretary Ceferino […]
The Department of Trade and Industry (DTI) is seeking the urgent passage of the proposed Philippine Economic Stimulus Act of 2020 (PESA), which aims to provide immediate assistance to workers and businesses and help the economy recover from the impact of the coronavirus disease 2019 (COVID-19) pandemic. “We affirm the need to help sustain the […]
Micro, small and medium enterprises (MSMEs) will be offered zero-interest loans under the Philippine Economic Stimulus Act (PESA) bill, government officials said. “If we’re able to get zero-cost funding, that’s the fund that we can lend at zero percent also. And then out of that funding, we will just ask for administration fee. So that’s […]
Department of Trade and Industry (DTI) Secretary Ramon Lopez said the supply and demand situation for alcohol and face masks has already stabilized. In an interview on ANC recently, Lopez said there are now available supplies of alcohol in drugstores and supermarkets while retailers can already increase the number of face masks that can be […]
Prices of basic items have reverted to their suggested retail prices (SRPs) effective Saturday with the end of the 60-day nationwide price freeze, the Department of Trade and Industry (DTI) said. For SRPs of manufactured basic goods, these will be based on the DTI SRP bulletin dated 30 September 2019. “The lifting of the price […]
Trade Secretary Ramon Lopez said more employees can go back to their jobs under a modified enhanced community quarantine (MECQ). “So, total around 75 to 78 percent [are] allowed to work under MECQ,” Lopez stressed. “There will be new quarantine status of regions, provinces, and cities starting May 16.” President Rodrigo Duterte announced the new […]