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Senator Win Gatchalian has prodded the government to extend fresh capital and other financial assistance to budding online entrepreneurs, instead of slapping them with untimely new taxes. Gatchalian said online sellers should be covered by the microfinancing program of the Small Business Corporation (SB Corp.), a government-owned and controlled corporation attached to the Department of […]
The Board of Investments (BOI) will provide incentives to tourism projects involving upgrading and modernizing facilities that will ensure implementation of new health standards amid the ‘new normal’ due to the pandemic. The BOI said the investment promotion agency heeded the call of Tourism Secretary Bernadette Romulo-Puyat to put in place possible measures that will […]
Two Cabinet officials have expressed confidence that e-commerce in the country will “continue to grow” and help the economy recover from over two months of strict quarantine protocols to contain the spread of the coronavirus disease (COVID-19). In an interview over Radyo Pilipinas, Trade Secretary Ramon Lopez said he expects e-commerce transactions in the country […]
Department of Trade and Industry (DTI) Secretary Ramon Lopez reiterated his call for business establishments to strictly implement the minimum health protocols as more sectors are now allowed to open as quarantine measures against the spread of the coronavirus disease are eased. In a Palace briefing recently, Lopez said even if there is no significant […]
Department of Trade and Industry (DTI) Secretary Ramon Lopez has reiterated that the 30-day grace period in the payments for residential and commercial rents remains, and still applies to micro, small, and medium enterprises (MSMEs) that are not permitted to operate during the enhanced community quarantine (ECQ). This was followed by the issuance of DTI […]
Tourism Secretary Bernadette Romulo-Puyat said the government is launching digital solutions as well as health and safety protocols for restaurant dine-in operations following the approval of the Inter-Agency Task Force on Emerging Infectious Diseases (IATF-EID). “The DOT (Department of Tourism) and the DTI (Department of Trade and Industry) shall soon roll out a post-audit mechanism […]
The Philippines has ramped up its capacity to locally produce face masks amid the coronavirus disease 2019 (COVID-19) pandemic, an official from the Department of Trade and Industry (DTI) said. “In fact, our local supply now reaches 25 million, from about 7 million to 8 million combined capacity of MedTecs and Yokoisada,” DTI Undersecretary Ceferino […]
The Department of Trade and Industry (DTI) is seeking the urgent passage of the proposed Philippine Economic Stimulus Act of 2020 (PESA), which aims to provide immediate assistance to workers and businesses and help the economy recover from the impact of the coronavirus disease 2019 (COVID-19) pandemic. “We affirm the need to help sustain the […]
Micro, small and medium enterprises (MSMEs) will be offered zero-interest loans under the Philippine Economic Stimulus Act (PESA) bill, government officials said. “If we’re able to get zero-cost funding, that’s the fund that we can lend at zero percent also. And then out of that funding, we will just ask for administration fee. So that’s […]
Deputy Speaker Lray Villafuerte is calling on the Department of Trade and Industry (DTI) and the Board of Investments (BOI) to work double-time in conducting roadshows abroad to attract foreign investors set on leaving China to relocate to the Philippines. Villafuerte at the same time called on the Senate to approve the state economic team’s modified version of the […]