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A French company pledged ₱1.5 Billion in investments for a shipyard project in the Philippines that may potentially create 500-600 direct and indirect jobs. This was revealed during the 9th Philippine-France Joint Economic Committee (JEC) meeting held recently where high-level economic discussions and commitments forged on bilateral cooperation covering agriculture, civil aviation, aeronautics and space, […]
Senator Grace Poe sought increased livelihood programs for the country’s greying population which they can do at home to help tide them over the coronavirus pandemic. “With their depth of experience and knowledge gained through the years, there is no doubt that senior citizens will make an integral contribution to economic development,” Poe said. The […]
Senator Kiko Pangilinan reiterated his proposal for the government to buy PPEs (personal protective equipment) made by local manufacturers and other COVID-related needs and aid in the country’s overall economic recovery. “Pagkakataon ang krisis. Crisis is opportunity. Makaka-recover tayo economically, magkakaroon ng trabaho ang marami kung gagamitin natin ang gawa ng sarili nating mga kababayan,” […]
Senator Joel Villanueva declared that the survival of the country’s economy greatly hinges on Filipino workers bouncing back from the ill effects of the pandemic with more government aid, more vaccines and more skills to cope with the “new normal”. “Dahil manggagawa po ang higit sa lahat na pinadapa at naging pinaka-apektado, marapat lamang na […]
Department of Trade and Industry (DTI) Secretary Ramon Lopez reported that a Japanese wire harness maker based in Tokyo, Japan, Leading Co., Ltd. is entering the country this year to join the growing ranks of Japanese wiring harness manufacturers operating in the Philippines. “We welcome the expansion of Leading in the Philippines as it will […]
“Our workers are among the most important sectors of the economy. They produce our food, goods, and essential products. They also provide the crucial and necessary services we need on a daily basis.” This was the statement of Cabinet Secretary Karlo Nograles last Friday, February 5, 2021, at the ceremonial signing of the Joint Memorandum […]
Senator Joel Villanueva lauded Congress’ ratification of the proposed Corporate Recovery and Tax Incentives for Enterprises (CREATE) law that would now cover training incentives to cushion the impact of automation in employed and upskill workers. At the same time, Villanueva challenged the Department of Finance (DoF) and the Foreign Investment Review Board (FIRB) to fulfill […]
Government must look for more resources to be able to support local micro, small, and medium-sized enterprises during the coronavirus disease (COVID-19) pandemic as MSMEs create jobs, Senator Kiko Pangilinan said. “The current amounts allocated to help 50,000 of the estimated 2 million to 3 million MSMEs is a drop in the bucket. Kulang na […]
Department of Trade and Industry (DTI) Secretary Ramon Lopez, together with the Philippine Bamboo Industry Council (PBIC), marked the celebration of World Bamboo Day with a bamboo planting activity at the House of Representatives recently to highlight the need to increase the number of bamboo to support the requirements of the producers of bamboo-based goods. […]
Department of Trade and Industry (DTI) Secretary Ramon Lopez is urging Filipinos to continue supporting local products and help save jobs. During the Laging Handa public briefing recently, Lopez said buying locally-made products will help stimulate demand for Filipino micro, small, and medium enterprises (MSMEs). “Only with this support from our fellow Filipinos, we will […]