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Trade Secretary Ramon Lopez said institutionalizing the “Build, Build, Build” program will sustain the growth of the construction sector even with the change in the administration. On the sidelines of the 4th Philippine Construction Industry Congress in Makati City, Lopez said he sees the importance of enacting the program into law to ensure that the […]
Offering higher wages in the construction industry will address the shortage of skilled labor in the sector, Trade Secretary Ramon Lopez said. Lopez told reporters that construction companies are now hiking wages to ensure that there will be no delays in their projects due to manpower shortage. “We see it happening.” “We see it happening, because […]
Department of Trade and Industry (DTI) Secretary Ramon Lopez underscored the need to increase Philippine halal products in domestic and export markets to maximize the opportunities of a growing global halal market amounting to $2.6 trillion. During the 2nd Philippine National Halal Conference recently at the Quest Conference Center in Clark, Pampanga, Lopez emphasized that […]
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 urged Cebu industry players to be part of reforms in doing business with government by filing complaints and reporting corrupt practices and unfair treatment in all government transactions. “The law is in effect already, which entitles everyone to file a complaint. Your support, through filing proper […]
The Department of Trade and Industry (DTI) has taken a firm step to protect local cement manufacturers in the wake of reports that imported cement has been flooding the local market in recent months. DTI Secretary Ramon Lopez said his agency will impose a provisional safeguard duty of P8.40 per bag of imported cement after […]
The country’s largest steel producer, SteelAsia Manufacturing Corp., is partnering with Chinese firms Hebei Iron and Steel (HBIS) Group and Huili Investment Fund Management Co., Ltd. to build an integrated steel complex in Mindanao. The three companies signed a memorandum of understanding (MOU) for the construction of a $4.4 billion Philippine Iron and Steel Project […]
Department of Trade and Industry (DTI) Secretary Ramon Lopez discussed the potential of the Philippines as a production hub and exporter of vehicles in the ASEAN region with Mitsubishi Motors Corporation (MMC) Chief Executive Officer Osamu Masuko. DTI has requested MMC to start producing car models for export as the agency is promoting an export […]
The Department of Trade and Industry (DTI) is set to release new suggested retail prices (SRPs) of basic and prime commodities after prices of some brands of canned sardines went up, while prices of bread went down. According to DTI, nine sardine brands increased their prices between P0.40 to P0.85. The brands with price increases […]
The Department of Trade and Industry (DTI) announced that the total sales of Filipino participants in the China International Import Expo (CIIE) in Shanghai surpassed its $50 million sales projection. According to the DTI, the total sales of Philippine booths in the CIIE from Nov. 5 to Nov. 10 reached $124 million to include $108 […]