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The Department of Trade and Industry (DTI) is seeking the urgent passage of the proposed Philippine Economic Stimulus Act of 2020 (PESA), which aims to provide immediate assistance to workers and businesses and help the economy recover from the impact of the coronavirus disease 2019 (COVID-19) pandemic. “We affirm the need to help sustain the […]
Department of Trade and Industry (DTI) Secretary Ramon Lopez has assured that the country has an adequate supply of food even with the extension of the enhanced community quarantine until April 30. In a Laging Handa public briefing recently, Lopez said food manufacturers have a 45-day inventory and raw materials for their products are still […]
Heeding the government’s call to produce more needed Personal Protective Equipment (PPEs) in the country, member-companies of the Confederation of Wearable Exporters of the Philippines (CONWEP) will start the local production of medical-grade PPE coveralls for frontline healthcare workers. “We need to protect our healthcare workers as they are in the frontline of our fight […]
Trade Secretary Ramon Lopez said a gradual lifting of enhanced community quarantine will be recommended to the Inter-Agency Task Force on Emerging Infectious Diseases (IATF-EID) to ensure that the new norm of social distancing will be observed. During the Laging Handa briefing, Lopez said lifting the community quarantine gradually will allow essential businesses and their […]
To support micro and small businesses affected by the spread of the coronavirus disease 2019 (COVID-19) in the country, the Small Business Corporation (SBC) of the Department of Trade and Industry (DTI) is setting up a P1-billion Enterprise Rehabilitation Financing facility under the “Pondo sa Pagbabago at Pag-asenso” (COVID-19 P3-ERF). The loan facility will be […]
Trade Secretary Ramon Lopez has assured of adequate food supply during the enhanced community quarantine now being enforced in Luzon as a measure to contain the spread of the coronavirus disease 2019 (COVID-19). Lopez made the assurance after the Philippine Association of Meat Processors Inc. (PAMPI) said that they anticipate a “severe shortage of goods […]
Following the declaration of a state of calamity in the Philippines for six months, the price freeze on basic commodities will be effective until May 15, the Department of Trade and Industry (DTI) said. The price freeze covers all merchants, including those who sell basic goods through the Internet or other media, according to the […]
Introducing other measures to support local vehicle manufacturers is being eyed after Honda Cars Philippines, Inc. (HCPI) announced the closure of its car manufacturing operation in the country next month. “We really have to study the need to impose safeguard duty and other measures to provide at least a level of support to the local […]
Government and private sector stakeholders converged to support the bamboo industry during the Philippine Bamboo Industry Development Council (PBDIC) meeting. As Chair of the Bamboo industry council, Department of Trade and Industry (DTI) Secretary Ramon Lopez reported that various agencies like the Departments of Agriculture, Environment, Local Government, and Trade are aligning their various programs […]
It is business as usual for the trade and investment relations between the Philippines and China amid the novel coronavirus (2019-nCoV) outbreak, Department of Trade and Industry (DTI) Secretary Ramon Lopez said. Lopez said the Philippine government has not canceled its commitment to participate in trade and investment expositions in China, but it will take […]