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Department of Trade and Industry (DTI) Secretary Ramon Lopez discussed with the University of the Philippines School of Economics Alumni Association (UPSEAA) the potential of the Philippines (PH) in becoming an artificial intelligence (AI) powerhouse. In his recent talk on PH’s current business climate and industry development initiatives of the DTI, Lopez highlighted the country’s […]
Trade Secretary Ramon Lopez highlighted the strong macroeconomic fundamentals and the continuing growth story of the Philippines with South Korean business executives during a high-level roundtable meeting in Seoul. Lopez emphasized the opportunities South Korean companies, particularly in the manufacturing industry, may explore when locating and expanding their operations in the Philippines. The trade chief […]
More partnerships and more than $10 million worth of potential sales are expected with the successful holding of an investment forum and business matching sessions on the second day of President Rodrigo Duterte’s visit to Japan. The Philippine Business Forum and Business Matching events were organized by the Department of Trade and Industry (DTI) and […]
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 […]