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Amid the economic crisis brought about by the coronavirus 2019 (COVID-19) pandemic, Senator Dick Gordon is urging the government to take advantage of the current situation to bring in more opportunities and allow the country to recover and sustain its economic transformation. “Our government should come up with a feasible masterplan and adopt a whole-of-government […]
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 Philippines will continue to push for stronger bilateral business and economic relations with China following the fifth visit of President Rodrigo Duterte to Beijing last month. This was the assurance given by Department of Trade and Industry (DTI) Secretary Ramon Lopez during the PH-China Business Forum, which was attended by a 272-business delegation from […]
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, […]
Senator Dick Gordon called on the Subic Bay Metropolitan Authority (SBMA) and the Taiwanese business community to work on attracting more investments in the Subic Bay Freeport Zone. Speaking as guest of honor at the grand opening of Yubantec, Gordon pointed out that Taiwanese investors are now realizing that the Philippines is a very good […]
Senator Cynthia Villar has encouraged entrepreneurs across Zamboanga Peninsula to cash in on the huge global market demand for halal products or products that meet Islamic dietary laws. Villar said they have to get “serious” in making halal products, as she asked the Department of Trade and Industry (DTI) to assist them in promoting halal […]
Senator Koko Pimentel III lauded the recent signing and promulgation of the Implementing Rules and Regulations (IRR) of the ‘Ease of Doing Business Law’ (Republic Act 11032). The law introduces reforms to ensure competitiveness by doing away with unnecessary delays in government service which are opportunities for corruption. The law was passed under the leadership […]
Some P10 billion worth of investments will be poured in provinces that are vulnerable to climate change, Department of Environment and Natural Resources (DENR) Secretary Roy Cimatu said.Cimatu, who is also the chairperson of the Cabinet Cluster on Climate Change Adaptation, Mitigation and Disaster Risk Reduction, was in Davao City for the pre-SONA (State of […]
Senator Dick Gordon has expressed concern over the effects of the current trade war between the United States and China on the economy of the Philippines, saying that investors in China are moving out from the US and starting to transfer to Vietnam and Cambodia, and other countries in Southeast Asia, but not to the […]
The Department of Trade and Industry (DTI) organized a courtesy call for 20 Thai executives with President Rodrigo Roa Duterte to encourage Thai investments in the Philippines. These executives are from the agro-industry, banking, cement, chemical, food, energy, real estate and tourism sectors. Some of them represent private sector organizations, namely the Thailand-Philippines Business Council, […]