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Department of Trade and Industry (DTI) Secretary Ramon Lopez pushed for further strengthening of the Philippines and India’s trade and investment relationship during the virtual courtesy call of India Ambassador to the Philippines Shambhu Kumaran recently. Both countries discussed the necessary steps to create more market opportunities and improve their bilateral trade relations. Lopez discussed […]
The Philippines and the Department of Tourism (DOT) secure positions as nominees to the 2021 World Travel Awards (WTA), one of the most prestigious and comprehensive global recognition bodies that aim to “acknowledge, reward, and celebrate excellence across all key sectors of the travel, tourism and hospitality industries”. “I am very excited to share with […]
The Philippine Manufacturing Purchasing Managers’ Index (PMI) increased from 49.2 in December 2020 to 52.5 in January 2021, posting above the 50.0 neutral mark separating expansion from contraction. January PMI data is the highest in 25 months, even prior to the pandemic, signaling improving manufacturing conditions and indicating the start of recovery of the sector. […]
Reigning ONE Heavyweight World Champion Brandon “The Truth” Vera recently flew from his home in Guam back to the Philippines to wrap up a few commercial obligations, visit family, and just simply check out what he missed. Vera and wife Jessica welcomed their first child together, Atreyu Timothy Craven Vera, last year in the U.S. […]
The worst slump for the Philippine economy since World War II means hunger for more Filipinos, said Senator Kiko Pangilinan, proposing that a people-centered agriculture be the centerpiece of the economic recovery. Pangilinan is reacting to the Philippine Statistics Authority report that the Philippine economy posted a minus-8.3-percent growth in the fourth quarter of 2020, […]
With the passage of the Financial Institutions Strategic Transfer Act (FIST) on third reading, Senator Grace Poe is hopeful that banks will be encouraged to lend to businesses and consumers to fuel the Philippine economy and pull it out of a recession. “This is a proactive response to the pandemic that should free up P1.19 […]
The 27th World Travel Awards recognized the Philippines as Asia’s leading beach destination and Asia’s leading dive destination in 2020. The award-giving body also declared the Department of Tourism (DOT) as this year’s leading tourist board in Asia, besting 11 nominated countries. “We are truly honored and thankful for the accolades given to the Philippines […]
Senator Dick Gordon has expressed concern that Chinese retirees, mostly 35-year-olds, now compose 40 percent of the total foreign retirees in the country. During the budget deliberation at the committee level for the Department of Tourism and its attached agencies which include the Philippine Retirement Authority, Gordon directed Tourism Secretary Bernadette Romulo Puyat and PRA […]
As the Philippines joined the rest of the globe in celebrating the World Bamboo Day recently, the Department of Environment and Natural Resources (DENR) went all out in promoting the benefits of bamboo as a sustainable resource. Bamboo, which is considered today as the “green gold,” has been rapidly gaining momentum in recent years with […]
The Philippines continues to prove that it is among the world’s most innovative economies after ranking 50th out of 131 countries in 2020, up from its 54th place last year, as reported in the annual Global Innovation Index (GII). This is the first time that the Philippines has breached the top 50 of the GII, which […]