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The Board of Investments (BOI) is targeting to increase investment approvals this year in hopes of breaching the P1 trillion mark. Trade Secretary and BOI Chairman Ramon Lopez said the agency is eyeing a 10 percent growth in investment approvals this year from the P907.2 billion projects it had registered in 2018. Lopez noted that […]
Department of Trade and Industry (DTI) Secretary Ramon Lopez met with his Danish counterpart, Minister for Industry, Business and Financial Affairs Brian Mikkelsen, to discuss trade and investment opportunities between the Philippines and Denmark, especially concerning the PH government’s massive infrastructure program. “The current economic growth momentum, rating upgrades, and aggressive infrastructure programs offer a […]
The Philippine Board of Investments (BOI), the country’s lead investments promotion agency, recorded a PhP 195.7 billion worth of investment approvals for the January to April 2018 period, an increase of 28 percent compared to the same period last year where it posted PhP 153.1 billion. “The strong macroeconomic fundamentals and the continuous policy reforms […]
While the Philippines consumes as much coffee as countries such as the United States, Brazil, Japan, and the European Union, the country is also looking to be one of the top producers of top-grade coffee around the world. To make this a reality, President Rodrigo Duterte last March 7, 2017 signed the Philippine Coffee Industry […]
The Department of Trade and Industry (DTI) sees improvement in the ease of doing business in the country with the implementation of a Joint Memorandum Circular (JMC) directing local government units (LGUs) to streamline the issuance of building permits and certificates of occupancy. For the first time, the JMC 2018-01, which was issued by the […]
At least 24 Maranao entrepreneurs received assistance from the Small Business Corporation (SB Corp) in the form of Pondo sa Pagbabago at Pag-asenso (P3) loans to help bring back the business environment in the war-torn city. SB Corp, the micro-financing arm of the Department of Trade and Industry (DTI) released a total of P245,000 to […]
Department of Trade and Industry (DTI) Secretary Ramon Lopez encouraged franchisers to be innovative and creative in their businesses during the 16th Business and Franchise Expo of the Association of Filipino Franchisers Inc. (AFFI). “Through innovation and creativity, we are confident to see more local franchisers expand across the country’s borders”, said Secretary Lopez. […]
Following the double-digit expansion in Philippine (PH) export as reported by the Department of Trade and Industry (DTI), the country also sustained its leading position in terms of Purchasing Managers’ Index (PMI) for the manufacturing sector at 53.9, the highest among ASEAN Member States. “The 14% expansion in export was on the back of […]
The Philippine Halal Export and Development Promotion Board led by the Department of Trade and Industry (DTI) recently adopted the implementing rules and regulations (IRR) of the Republic Act 10817 or the Philippine Halal Export Development and Promotion Act of 2016, which sets the direction of the Philippine Halal sectors and takes advantage of […]
The Philippine Board of Investments (BOI) recently gave approval to Taxumo Inc.’s Php5 million start-up project in Bonifacio Global City as a new creative industries/knowledge-based services provider under the preferred activities of the 2017 Investment Priorities Plan (IPP). The project is the first digital startup firm approved by the BOI under the 2017 IPP […]