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A lawmaker urged economic managers to seriously consider expanding the various subsidy programs for micro, small, and medium enterprises (MSMEs) to help them recover from the impact of the coronavirus pandemic. Marikina City Representative Stella Quimbo said programs such as the Department of Trade and Industry’s Livelihood Seeding Program – Negosyo Serbisyo Sa Barangay (LSP-NSB) […]
Senator Win Gatchalian vowed to pursue the enactment of his bill to develop satellite-based internet technology in the country and expand the powers of the Department of Information and Communications Technology (DICT) to ensure universal access to the internet. Gatchalian has filed Senate Bill No. 2250 or the proposed Satellite-Based Technologies for Internet Connectivity Act […]
Camarines Sur Representative LRay Villafuerte has called on the Department of Trade and Industry (DTI) to do a far better job of implementing or scaling up its programs designed to assist micro, small and medium enterprises (MSMEs) in migrating to digitalization amid the emerging new economy touched off by the COVID-19 pandemic. Villafuerte said digitalization will […]
The Senate ratified the bicameral conference committee report for the amendments to the Retail Trade Liberalization Act. The bill seeks to lower the capitalization requirement for foreign retailers from $2.5 million to $500,000, or roughly from P125 million to P25 million. This is in order to attract more foreign direct investments into the country, thereby […]
In the virtual courtesy call of Singapore Trade Minister Gan Kim Yong to Department of Trade and Industry (DTI) Secretary Ramon Lopez, the two officials talked about further strengthening the Philippines and Singapore’s partnership in digitalizing micro, small, and medium enterprises (MSMEs). Both recognized the surge of e-commerce during the COVID-19 pandemic and its significant […]
The city government of General Santos has opened a week-long trade fair to promote various products of homegrown micro, small and medium enterprises (MSMEs). General Santos City Mayor Ronnel Rivera said the activity, which will run until July 19 at the Robinsons mall atrium, is mainly aimed to encourage consumers to patronize local produce and […]
Senator Win Gatchalian said the government should exhaust all means to provide relief to pandemic-hit small businesses and put them back on track to prevent further job loss. Gatchalian is bent on pushing for the legislation of allowing micro, small, and medium enterprises (MSMEs) by further lowering the costs of borrowing to encourage them to […]
The Department of Trade and Industry (DTI) has launched the National Arts and Crafts Fair (NACF) Artisanal Shop to help micro, small, and medium enterprises (MSMEs) and Indigenous People (IPs) market their artisanal products online amid the COVID-19 pandemic. The NACF Artisanal Shop is being launched through the DTI’s Bureau of Domestic Trade Promotion (DTI-BDTP) […]
The Department of Trade and Industry (DTI) and the Board of Investments (BOI) hailed the signing of the landmark Republic Act. No. 11534 or the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act by President Rodrigo Duterte after it passed both Houses of Congress recently. “We thank President Rodrigo Roa Duterte and the Congress […]
Camarines Sur Rep. LRay Villafuerte welcomed the signing into law by President Duterte of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act as this measure will help keep businesses afloat, most especially the micro, small and medium enterprises (MSMEs), and allow them to retain their workers or even hire new ones while the country […]