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Trade Secretary Ramon Lopez said a company is interested in buying the manufacturing facility of Honda Cars Philippines, Inc. (HCPI) in Sta. Rosa, Laguna. At the sidelines of the National Business One-Stop Shop launch, Lopez told reporters that the company that had inquired about HCPI’s Laguna property is an existing firm in the Philippines, but […]
Trade Secretary Ramon Lopez sees uncertainties in the global market as the main reason that pushed multinational companies to shut down, or slow down their operations in the country. Lopez cited that among the uncertainties globally that drive these companies to rationalize their operations include the U.S.-China trade war and the coronavirus disease 2019. “It […]
Introducing other measures to support local vehicle manufacturers is being eyed after Honda Cars Philippines, Inc. (HCPI) announced the closure of its car manufacturing operation in the country next month. “We really have to study the need to impose safeguard duty and other measures to provide at least a level of support to the local […]
Car assemblers in the country may look into sourcing parts from local suppliers as productivity in manufacturing powerhouse China has slowed down due to the COVID-19 virus outbreak, Department of Trade and Industry (DTI) Secretary Ramon Lopez said. Lopez said the COVID-19 outbreak can affect the supply chain of the local automotive industry. “Just like […]
Exports by the Philippines reached a record-high of $70.3 billion in 2019 from $69.3 last year despite external headwinds from the global trade policy uncertainties, geopolitical tensions, and country-specific challenges, Department of Trade and Industry (DTI) Secretary Ramon Lopez said. “The relatively strong export performance of the Philippines transpired amid DTI’s strong efforts in attracting […]
The Department of Trade and Industry (DTI) is partnering with USAID, Lead-More, and Havas Ortega to train women entrepreneurs on using digital tools to grow their business. The three-month program will be piloted in Region 4A in April, Iloilo in July, and Cagayan de Oro in October. “In DTI we always say that for every […]
The Department of Trade and Industry (DTI) was able to get the partial supply of N-88 face masks from Medtecs, the lone local manufacturer from Bataan. With the assistance of the Philippine International Trading Corporation (PITC), the DTI bought 125,000 pieces of N-88 masks. Of these, 70,000 pieces were delivered and immediately donated to the […]
Government and private sector stakeholders converged to support the bamboo industry during the Philippine Bamboo Industry Development Council (PBDIC) meeting. As Chair of the Bamboo industry council, Department of Trade and Industry (DTI) Secretary Ramon Lopez reported that various agencies like the Departments of Agriculture, Environment, Local Government, and Trade are aligning their various programs […]
The government is stepping up efforts to improve the quality of products and services produced in the country in order to boost demand, not only domestically, but globally with an increase in the budget of the Department of Trade and Industry (DTI) in 2020. To carry out initiatives intended to support this effort, Senator Sonny […]
Trade Secretary Ramon Lopez said the impact of the 2019 novel coronavirus acute respiratory disease (2019-nCoV ARD) in the country’s trade and economic performance is very minimal. Lopez said the country’s overall trade with the province of Hubei province — which is ground zero of the 2019-nCoV threat — is only 0.9 percent of the total […]