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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, […]
Department of Trade and Industry (DTI) Secretary Ramon Lopez said that for the Philippines to be a production hub of electric vehicle (EV) in the future, government should work on a special program that will attract investors in the different stages of the value chain in the EV industry. The special program can also boost […]
To ensure the implementation of the iron processing plant project signed during the China visit of President Rodrigo Duterte last April, Department of Trade and Industry (DTI) Secretary Ramon Lopez engaged with Chinese investor group to discuss the details of their expansions as well as the menu of incentives provided by the Philippine government. In […]
Trade Secretary Ramon Lopez highlighted the strong macroeconomic fundamentals and the continuing growth story of the Philippines with South Korean business executives during a high-level roundtable meeting in Seoul. Lopez emphasized the opportunities South Korean companies, particularly in the manufacturing industry, may explore when locating and expanding their operations in the Philippines. The trade chief […]
A bill sponsored by Senator Win Gatchalian that seeks to further strengthen the powers and functions of the Authority of the Freeport Area of Bataan (AFAB) was approved by the Senate on third and final reading. Senate Bill No. 2133, or “An Act Further Strengthening the Powers and Functions of the Authority of the Freeport […]