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The country’s largest steel producer, SteelAsia Manufacturing Corp., is partnering with Chinese firms Hebei Iron and Steel (HBIS) Group and Huili Investment Fund Management Co., Ltd. to build an integrated steel complex in Mindanao. The three companies signed a memorandum of understanding (MOU) for the construction of a $4.4 billion Philippine Iron and Steel Project […]
Department of Trade and Industry (DTI) Secretary Ramon Lopez and Puyat Steel Corporation chairman Edgardo Reyes are looking to expand the country’s steel manufacturing base as a way to answer the country’s growing demand for steel products and reduce the trade deficit through import substitution. During the meeting with DTI, Reyes reported that Puyat Steel […]
Department of Trade and Industry (DTI) Secretary Ramon Lopez discussed the potential of the Philippines as a production hub and exporter of vehicles in the ASEAN region with Mitsubishi Motors Corporation (MMC) Chief Executive Officer Osamu Masuko. DTI has requested MMC to start producing car models for export as the agency is promoting an export […]
Trade Secretary Ramon Lopez expects prices of goods to continue to decline in the first quarter of 2019 due to the decreasing oil prices and strengthening of the Philippine peso. Lopez said although prices have decreased following the easing of inflation rate at 6 percent last month, consumers may start to feel the decline in […]
Trade Secretary Ramon Lopez had called on stakeholders of the export industry to rally behind the Philippine Export Development Plan (PEDP) so that its objectives would be realized. During the National Exporters Congress (NEC) in Pasay City recently, Lopez said the PEDP has laid out strategies, plans, and programs to further boost the country’s export […]
The Department of Trade and Industry (DTI) is set to release new suggested retail prices (SRPs) of basic and prime commodities after prices of some brands of canned sardines went up, while prices of bread went down. According to DTI, nine sardine brands increased their prices between P0.40 to P0.85. The brands with price increases […]
Department of Trade and Industry (DTI) Secretary Ramon Lopez said a delegation from Slovenia will visit the Philippines for a trade and business mission in March 2019. In a statement, Lopez said the planned visit of Slovenian businessmen was bared during his meeting with Philippine Honorary Consul to Slovenia Srecko Debelak. In March 2016, government […]
The Department of Trade and Industry (DTI) announced that the total sales of Filipino participants in the China International Import Expo (CIIE) in Shanghai surpassed its $50 million sales projection. According to the DTI, the total sales of Philippine booths in the CIIE from Nov. 5 to Nov. 10 reached $124 million to include $108 […]
The government’s continued effort to improve the business environment in order to make the Philippines a more competitive investment destination has been bearing fruit, the Department of Trade and Industry (DTI) said. Trade Secretary Ramon Lopez welcomed the country’s 12-notch jump in the 2018 Global Competitiveness Report (GCR) of the World Economic Forum (WEF) to […]
Senate Trade, Commerce and Entrepreneurship Committee chair Sen. Koko Pimentel III said on Monday that the appointment of the Anti-Red Tape Authority (ARTA) head and the release of the Ease of Doing Business (EODB) law implementing rules and regulations (IRR) before the end of the year would be the “best Christmas gift for businessmen who […]