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The Department of Trade and Industry (DTI) remains confident that it is still on track to attain export targets of $122 billion to $130 billion by 2022, even after merchandise export performance declined by 3.1 percent in the first quarter this year. “We expect a positive growth trajectory to set in in the subsequent quarters,” […]
Senate Trade and Commerce Chair Koko Pimentel III on Thursday urged the Department of Trade and Industry (DTI) to take action against wholesalers and retailers who are driving up sugar prices despite the steady mill gate prices of the staple. “For the past several months, the mill gate prices of sugar have been holding steady […]
The Department of Trade and Industry (DTI) has taken a firm step to protect local cement manufacturers in the wake of reports that imported cement has been flooding the local market in recent months. DTI Secretary Ramon Lopez said his agency will impose a provisional safeguard duty of P8.40 per bag of imported cement after […]
Two Chinese shipbuilders have expressed their interests to take over the business of bankrupt Hanjin Heavy Industries and Construction Philippines (HHIC-Phil), Department of Trade and Industry (DTI) Undersecretary and Board of Investments (BOI) Managing Head Ceferino Rodolfo said. Rodolfo said his office received queries from officials of the two Chinese firms, one a state-owned and […]
Senator Win Gatchalian is urging the Department of Trade and Industry (DTI) and the Department of Energy (DOE) to activate a task force that will guard against premature price increases and profiteering in the wake of the implementation of a new round of increases in the excise tax on fuel this January. President Rodrigo Duterte […]
The Department of Trade and Industry (DTI) and the Department of Health (DOH) launched a six-month pilot program for micro enterprises to fast-track the process of getting permits from the Food and Drug Authority (FDA). Even as the program focuses on businesses producing low-risk food products with assets not more than P3 million, the FDA […]
The Department of Science and Technology (DOST), Department of Information and Communications Technology (DICT), and the Department of Trade and Industry (DTI) have joined forces to help startups in the country. The three departments signed a memorandum of understanding (MOU during the recent 2nd National Technology Business Incubator (TBI) Summit that the DOST-Philippine Council for […]
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 […]