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The Department of Trade and Industry (DTI), through the Philippine Trade and Investment Center (PTIC) in Jakarta met PT WIR Asia, TBK to discuss a plan by an Indonesia company active in the metaverse and augmented reality to deploy one of its subsidiaries in the Philippines with an initial projected investment of $20 million for […]
The Department of Trade and Industry (DTI) issued the new Suggested Retail Prices (SRP) for basic necessities and prime commodities. The price guide of 218 SKUs under DTI’s jurisdiction was published in the Philippine Star on 11 May 2022. 136 Stock Keeping Units (SKUs) or 62% retained their 27 January 2022 SRP Bulletin prices, while […]
Philippine exports hit the highest quarterly record in the last six years at $19.4B in the first quarter of 2022, increasing by 9.8% as compared to the same period last year based on the preliminary data from the Philippine Statistics Authority (PSA). From 2017 to 2020, first-quarter export levels hovered around $16B. This record was […]
Department of Trade and Industry (DTI) Secretary Ramon Lopez discussed the preparations for the expansion of a leading New York-based IT-BPM in the healthcare sector, Anthem, Inc., with its Diversified Business Group COO Rajat Puri and Strategic Operations Head Stella Aquino. Lopez reaffirmed the country’s continuing advantages as an Information Technology-Business Process Outsourcing (BPO) investment […]
Department of Trade and Industry (DTI) Secretary Ramon Lopez reaffirmed the Philippine government’s support for the establishment of SpaceX in the country. SpaceX is setting up a business entity that will provide internet service through low earth orbit (LEO) satellites and is targeting to launch the first gateway for their satellites before the end of […]
Department of Trade and Industry (DTI) Secretary Ramon Lopez assured SBA Communications Corporation of the Philippine government’s steadfast support for their continued construction and operations in the Philippines as a provider of critical passive infrastructure for wireless communications or Independent Tower Company (ITC). Lopez met with SBA Senior Director (International) Nicholas Van Slyck and Senior […]
Good news for job hunters. According to a study conducted by the Department of Trade and Industry (DTI), 75% of HR practitioners interviewed say that the e-commerce sector is thriving and there is a need to hire additional talents. An 86.7% E-commerce Job Outlook Index (EJI) was also recorded for the first time in this […]
The Department of Trade and Industry (DTI) has initiated the development of a self-assessment toolkit for micro, small and medium enterprises (MSMEs) which will measure their level of digital maturity and readiness to embark on their journey towards digital transformation. During the 2nd Meeting of the E-commerce Promotion Council held recently, Trade Secretary Ramon Lopez […]
Philippine exports reached $6.16 billion in February, growing by 15% compared to the same period last year, based on Philippine Statistics Authority (PSA) preliminary data. Moreover, cumulative exports for the first two months of the year amounted to $12.2B, 11.9% higher than the $0.9B exports in 2021 and 15.7% higher compared to the 2019 pre-pandemic […]
Trade Secretary Ramon Lopez is supporting the planned establishment of Space Exploration Technologies Corp. (SpaceX) in the country, which will provide internet services in the Philippines using its Low Earth Orbit (LEO) satellite network constellation called Starlink. The constellation consists of over 1,600 satellites in mid-2021, and will eventually comprise thousands more mass-produced small satellites […]