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Department of Trade and Industry (DTI) Secretary Ramon Lopez has committed to help the Hinduja Group of Companies find a local partner for their plan to manufacture buses for the Philippines government’s Public Utility Vehicle (PUV) Modernization Program, should they decide on a partnership model for the business venture. In a meeting with DTI recently, […]
Mindanao will be the food basket of the Philippines and will be given its due share and priority in agriculture and rural development. This was the assurance given by Agriculture Secretary William Dar in a press briefing in Davao City recently where he cited Mindanao’s contributions to the country’s economy. Dar cited the potentials of […]
The Philippine manufacturing sector showed resilience during the first half of 2019 amid a global manufacturing slowdown that weighed heavily on the world economy. Buoyed by sustained growth in few export markets and strong domestic demand because of key economic reforms, the Philippine manufacturing sector still posted a 4.4% growth for the first half of […]
The Department of Trade and Industry (DTI) is seeking to double, or to raise to 50 percent, the contribution of electronic commerce to the country’s economy by 2022, as more micro, small and medium enterprises (MSMEs) and internet users engage in e-commerce. DTI Secretary Ramon Lopez cited other neighboring countries which are already doing all […]
Trade and Industry Secretary Ramon Lopez dispelled fears over possible job losses due to the emerging new technologies in various industries. “Technology leads to innovation and new approach in doing things. It won’t always lead to loss of jobs but rather provide opportunities for the industry to increase productivity and introduce new high-paying jobs for […]
Department of Trade and Industry (DTI) Secretary Ramon Lopez underscored the need for stronger collaboration between DTI and the country’s local chief executives to generate more jobs and employment opportunities, while providing better and comfortable lives for all Filipinos. During a dialogue with provincial governors, city mayors, and municipal mayors recently, Lopez highlighted the important […]
From 73rd ranking last year, the Philippines jumps to 54th place among 129 countries in the 2019 Global Innovation Index (GII). The Philippines scores 36.18 this year, up from last year’s 31.56. The country’s scores significantly increased in five of the GII’s eight pillars: institutions, infrastructure, business sophistication, knowledge & technology outputs, and creative outputs. “It recognizes […]
The Department of Trade and Industry (DTI) will ask President Rodrigo Duterte to issue an executive order (EO) that will significantly reduce logistics costs for local companies over the next few months. DTI Secretary Ramon Lopez said he has instructed Undersecretary Rowel Barba to reconvene the technical working group composed of the Department of Transportation, […]
The Department of Trade and Industry (DTI) is pushing for the passage of a bill institutionalizing a government program to provide affordable financing for micro, small and medium enterprises (MSMEs) in the 18th Congress. In a speech delivered during the National MSME Summit 2019 recently, DTI Secretary Ramon Lopez said the proposed P3 (Pondo sa […]
Department of Trade and Industry (DTI) Secretary Ramon Lopez underscored the need to increase Philippine halal products in domestic and export markets to maximize the opportunities of a growing global halal market amounting to $2.6 trillion. During the 2nd Philippine National Halal Conference recently at the Quest Conference Center in Clark, Pampanga, Lopez emphasized that […]