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From 73rd ranking last year, the Philippines jumps to 54th place among 129 countries in the 2019 Global Innovation Index (GII). The Philippines scores 36.18 this year, up from last year’s 31.56. The country’s scores significantly increased in five of the GII’s eight pillars: institutions, infrastructure, business sophistication, knowledge & technology outputs, and creative outputs. “It recognizes […]
Department of Trade and Industry (DTI) Secretary Ramon Lopez recently signed Department Administrative Order (DAO) No. 19-09, Series of 2019, which mandates the translation of signages, billboards, advertisements, brochures, flyers, notices, advisories, labels, price tags/lists, menus, receipts, and other business marketing materials to English and/or Filipino. The policy move was prompted by the surprise inspection […]
Department of Trade and Industry (DTI) Secretary Ramon Lopez recently launched the expanded shared service facility of the Ateneo Shoe Academy (ASA), a shared service facility (SSF) project of DTI-Davao City Field Office in partnership with the Ateneo de Davao University as cooperator to benefit out-of-school youth, persons with disabilities (PWDs), youth in the marginalized […]
The recent Recto Bank incident involving a Chinese vessel and a Philippine fishing boat has no effect on the trade relations between the two countries, Department of Trade and Industry (DTI) Secretary Ramon Lopez said. In a press conference, Lopez said the issue involving the code of conduct in the sea is separate from business […]
To ensure the implementation of the iron processing plant project signed during the China visit of President Rodrigo Duterte last April, Department of Trade and Industry (DTI) Secretary Ramon Lopez engaged with Chinese investor group to discuss the details of their expansions as well as the menu of incentives provided by the Philippine government. In […]
The Department of Trade and Industry (DTI) and Monsoon Blockchain Storage Inc., a U.S.-based company that provides blockchain-based cloud data storage optimization service, signed a Memorandum of Agreement (MOA) recently that will enhance capacity building and institutional development on the effective use of blockchain technology in the Philippines. The partnership, signed by Trade Secretary Ramon Lopez and Monsoon Blockchain […]
The government’s continued effort to improve the business environment in order to make the Philippines a more competitive investment destination has been bearing fruit, the Department of Trade and Industry (DTI) said. Trade Secretary Ramon Lopez welcomed the country’s 12-notch jump in the 2018 Global Competitiveness Report (GCR) of the World Economic Forum (WEF) to […]