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President Rodrigo Duterte has approved the Department of Trade and Industry’s (DTI) proposed regulatory reforms to further improve the country’s business climate, Malacañang said. Duterte gave his nod during the 44th meeting with his Cabinet at Malacañan Palace, Presidential Spokesperson Salvador Panelo said. Panelo said the President approved the suggestions raised by Trade Secretary Ramon […]
Department of Trade and Industry (DTI) Secretary Ramon Lopez underscored the deepening trade and investment relations between the Philippines and India after Indian President Ram Nath Kovind conveyed his country’s interest to participate in the Philippine growth story. During the recent ASEAN-India Business Summit Gala, Kovind and Lopez expressed optimism on the growth of economic […]
The Philippines is now one of the top 100 most competitive countries in the world for doing business as it has implemented more regulatory reforms to improve its business climate. The World Bank recently released its Doing Business 2020 report indicating the Philippines’ sharp improvement of 29 notches in the global rankings of the ease […]
Department of Trade and Industry (DTI) Secretary Ramon Lopez revealed that Russian businesses are keen on expanding their operations to the Philippines. During a meeting with Russian Deputy Minister of Industry and Trade Aleksey Gruzdev and delegation of Russian business executives recently, Lopez shared the Philippines’ priority industries that Russia can participate in. Lopez highlighted […]
It is now easier and more convenient for Filipinos to register and renew business names as the Department of Trade and Industry (DTI) partners with digital payment service providers. “(Now), there is no need (for the entrepreneurs) to take a leave of absence, or to commute just to pay for business transactions,” said National Treasurer […]
Department of Trade and Industry (DTI) Secretary Ramon Lopez underscored the agency’s commitment in pursuing inclusive innovation in various industries through greater collaboration among other government agencies and the private sector as the world enters the Fourth Industrial Revolution (Industry 4.0). “In line with President Rodrigo Duterte’s vision of a future where all Filipinos have […]
The Department of Trade and Industry (DTI) is seeking an initial P200 million to P300 million revolving fund for the implementation next year of a new law supporting the innovation activities especially of micro, small and medium enterprises (MSMEs) and enable them to become part of the global market. DTI Secretary Ramon Lopez said the […]
Merchandise exports by the Philippines continued to be resilient despite escalating US-China trade frictions and global slowdown, partly due to continued market access in Southeast Asia, Japan, the European Union (EU), as well as U.S. and China, said Department of Trade and Industry (DTI) Secretary Ramon Lopez. Export growth was positive for the 4th-straight month […]
The Philippine manufacturing sector showed resilience during the first half of 2019 amid a global manufacturing slowdown that weighed heavily on the world economy. Buoyed by sustained growth in few export markets and strong domestic demand because of key economic reforms, the Philippine manufacturing sector still posted a 4.4% growth for the first half of […]
Trade and Industry Secretary Ramon Lopez dispelled fears over possible job losses due to the emerging new technologies in various industries. “Technology leads to innovation and new approach in doing things. It won’t always lead to loss of jobs but rather provide opportunities for the industry to increase productivity and introduce new high-paying jobs for […]