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Following a high-level meeting with Department of Trade and Industry (DTI) Secretary Fred Pascual and industry players in Japan, Japanese tire manufacturer Yokohama Rubber Co. Ltd. expressed interest in expanding production capacity in the Philippines. This interest followed Pascual’s assurances about the Philippines’ commitment to creating a business-friendly environment for foreign investors, particularly Japanese companies […]
“The Philippine government is creating a business environment that promotes and encourages foreign investment. We are enacting recent policy reforms, that strategically broaden the participation of foreign companies in key sectors of the Philippine economy,” Department of Trade and Industry (DTI) Secretary Fred Pascual said during a meeting with Sojitz Corporation recently. Pascual, along with […]
The Department of Trade and Industry (DTI) hosted a briefing session with the Philippine Drug Enforcement Agency (PDEA) and representatives from online shopping platforms Lazada, Tiktok, and Shopee to explore potential joint operations aimed at tackling illegal vape products. DTI Secretary Fred Pascual said the Department is holding violators accountable by equipping monitoring and enforcement […]
As part of the country’s Industry 4.0 Mission, the Philippine delegation, together with Department of Trade and Industry (DTI) Secretary Fred Pascual, explored potential collaboration opportunities with Singapore’s Smart Nation Group. During the visit to Singapore, they discussed areas of technology and innovation, focusing on artificial intelligence (AI) and its application across various sectors. “By […]
The Department of Trade and Industry (DTI) significantly ramped up its enforcement of the Vape Law, yielding P25,874,175 worth of illegal vape products in just the first five months of 2024. This surpasses the DTI’s total illegal vape seizure for the entire 2023 amounting to P5,453,852. “We will not stop here.” “Nearly halfway through the […]
The Department of Trade and Industry (DTI) welcomed additional commitments from major manufacturers to implement a voluntary price freeze in support of Filipino consumers amid rising prices of goods and the ongoing El Niño phenomenon. This builds on the initial success of the voluntary price freeze launched earlier in May 2024. Following a productive meeting […]
Department of Trade and Industry (DTI) Secretary Fred Pascual and SteelAsia Manufacturing Corporation executives lean towards a possible partnership to significantly boost the Philippine steel production. “The Philippines has a strong market demand for steel products, and now is the time to scale up domestic production. To achieve this, the DTI is working closely with […]
Department of Trade and Industry (DTI) Secretary Fred Pascual led the awarding ceremony of Negosyo assistance to micro, small, and medium enterprises (MSMEs) in Visayas during the Bagong Pilipinas Town Hall Meeting, held recently at the University of the Philippines Cebu. “The DTI is at the forefront of supporting businesses and MSMEs in the Visayas […]
Department of Trade and Industry (DTI) Secretary Fred Pascual recently signed the Implementing Rules and Regulations (IRR) of the Republic Act No. 11981, also known as the Tatak Pinoy (Proudly Filipino) Act, marking a significant step towards enhancing the competitiveness and sophistication of Filipino products and services on the global stage. “We are positive about […]
Department of Trade and Industry (DTI) Secretary Fred Pascual recently engaged with officials of Baladna to discuss their potential investment in establishing a large-scale, fully integrated dairy facility in the Philippines. Pascual cited that this strategic investment aligns with the country’s pursuit of self-sufficiency in food and milk production. “The Philippine government stands ready to […]