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Efficient market monitoring, surveillance, and enforcement are the primary cornerstones of a successful consumer protection policy, the country’s trade chief said. “These elements play a significant role in ensuring the proper functioning of fair and open competition, as businesses require a level-playing field to innovate and grow,” said Department of Trade and Industry (DTI) […]
The Department of Trade and Industry (DTI) and Villar SIPAG launched the Mentor ME (Micro-Entrepreneur) Program in Las Piñas City for Micro, Small and Medium Enterprises (MSMEs) aimed at helping them scale-up and sustain their businesses by training them the fundamentals of entrepreneurship. Launched in October 2016, the Mentor ME project is part of […]
Senator Sonny Angara has welcomed the part of the proposed comprehensive tax reform package that seeks to exempt micro businesses and marginal income earners from income tax. “Malaking ginhawa po para sa ating ordinaryong mamamayan na hindi na bubuwisan ang mga maliliit na negosyo. Sa pamamagitan nito, mas mabibigyan natin sila ng tyansa na […]
In compliance with Republic Act 8749 or the Philippine Clean Air Act, the Department of Trade and Industry (DTI) is currently working on the guidelines for the National Motor Vehicle Inspection and Maintenance Program (NMVIMP). A Technical Working Group (TWG) composed of representatives from relevant government agencies, environment groups, and the automotive industry has […]
With its pursuit to advance the betterment of micro, small and medium enterprises, the Philippines celebrated the International MSME day in support of the United Nations (UN) General Assembly resolution recognizing the crucial role MSMEs play in achieving the 2030 Agenda for Sustainable Development, particularly in promoting innovation, creativity, and decent work. “MSMEs represent […]
Senate President Koko Pimentel III outlined his vision for Philippine economic development, and called on the country’s economic managers to check on the development model of Fujian Province in China. Pimentel was in Fuzhou, Fujian, China for the BRICS Political Parties, Think-tanks, and Civil Society Organizations Forum 2017. “I am very impressed with Fujian. […]
Filipino sari-sari store owners can count on the government to finance their dream expansion through the Pondo para sa Pagbabago at Pag-asenso (P3), the country’s Trade Secretary said. “Sari-sari stores form part the economic backbone of the country. Providing them more opportunities can only mean greater economic development,” said Lopez during the appreciation and […]
With the government poised to invest billions of pesos to rebuild Marawi City, Senate President Aquilino “Koko” Pimentel on Tuesday said that the private sector’s support would be a critical element in efforts to help the residents of Marawi recover from the armed conflict that has devastated the city. “With government forces getting close […]
Senator Win Gatchalian has warned the Bureau of Customs to be prepared to combat the higher incidence of car smuggling when additional excise taxes are imposed on the sale of luxury vehicles. Gatchalian said shrewd stakeholders in the automobile industry are likely to engage in the underground trading of high-end vehicles to dodge paying […]
Following President Rodrigo Duterte’s instruction to revive and to strengthen the country’s footwear industry, Department of Trade and Industry (DTI) Secretary Ramon Lopez and the members of the Philippine Footwear Federation Inc. (PFFI) identified possible solutions to existing obstacles that hamper the shoe industry’s growth. “Technological improvement remains an industry concern. While there are […]