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At least P288.804 billion worth of business agreements and letters of intent were signed between the Philippines and Japan on the sidelines of President Rodrigo Duterte’s working visit to Japan. Presidential Spokesperson Salvador Panelo said the 26 signed agreements show the confidence Japanese business leaders have in investing in the Philippines. “These agreements emphasize the […]
The Philippines is eyeing to ink two investment agreements with Japan in high-tech industries during the official visit to Tokyo of President Rodrigo Duterte. Department of Trade and Industry (DTI) Secretary Ramon Lopez said his agency has received “a lot” of letters of intent from Japanese companies to invest and expand their businesses in the […]
The Philippines is eyeing to ink two investment agreements with Japan in high-tech industries during the official visit to Tokyo of President Rodrigo Duterte. Department of Trade and Industry (DTI) Secretary Ramon Lopez said his agency has received “a lot” of letters of intent from Japanese companies to invest and expand their businesses in the […]
The Department of Trade and Industry (DTI) remains confident that it is still on track to attain export targets of $122 billion to $130 billion by 2022, even after merchandise export performance declined by 3.1 percent in the first quarter this year. “We expect a positive growth trajectory to set in in the subsequent quarters,” […]
The Board of Investments (BOI) is targeting to increase investment approvals this year in hopes of breaching the P1 trillion mark. Trade Secretary and BOI Chairman Ramon Lopez said the agency is eyeing a 10 percent growth in investment approvals this year from the P907.2 billion projects it had registered in 2018. Lopez noted that […]
Two Chinese shipbuilders have expressed their interests to take over the business of bankrupt Hanjin Heavy Industries and Construction Philippines (HHIC-Phil), Department of Trade and Industry (DTI) Undersecretary and Board of Investments (BOI) Managing Head Ceferino Rodolfo said. Rodolfo said his office received queries from officials of the two Chinese firms, one a state-owned and […]
The country’s largest steel producer, SteelAsia Manufacturing Corp., is partnering with Chinese firms Hebei Iron and Steel (HBIS) Group and Huili Investment Fund Management Co., Ltd. to build an integrated steel complex in Mindanao. The three companies signed a memorandum of understanding (MOU) for the construction of a $4.4 billion Philippine Iron and Steel Project […]
Department of Trade and Industry (DTI) Secretary Ramon Lopez discussed the potential of the Philippines as a production hub and exporter of vehicles in the ASEAN region with Mitsubishi Motors Corporation (MMC) Chief Executive Officer Osamu Masuko. DTI has requested MMC to start producing car models for export as the agency is promoting an export […]
Trade Secretary Ramon Lopez had called on stakeholders of the export industry to rally behind the Philippine Export Development Plan (PEDP) so that its objectives would be realized. During the National Exporters Congress (NEC) in Pasay City recently, Lopez said the PEDP has laid out strategies, plans, and programs to further boost the country’s export […]
The Department of Trade and Industry (DTI) is set to release new suggested retail prices (SRPs) of basic and prime commodities after prices of some brands of canned sardines went up, while prices of bread went down. According to DTI, nine sardine brands increased their prices between P0.40 to P0.85. The brands with price increases […]