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Despite the impact of the COVID-19 pandemic, the Philippines remains among the world’s most innovative economies. The Global Innovation Index (GII) 2021 ranks the Philippines at 51st out of 132 countries, as it sustains its status as an “innovation achiever” for the third consecutive year. “Our experience validates the strong potential of innovation to catalyze job […]
The Philippine Trade and Investment Center Hong Kong (PTIC-HK), in partnership with the Philippine Consulate General in Hong Kong SAR, PTIC – Beijing, PTIC – Guangzhou, PTIC – Shanghai, the Office of the Agriculture Counsellor of the Philippines in Beijing, Department of Trade and Industry -Export Marketing Bureau (DTI-EMB), DTI Baguio – Benguet, and the […]
Total Philippine exports surged to an almost double-digit increase in June this year by 9.49% gaining $563.9M. The growth is attributed to the reopening of the global markets like US, China and EU, as well as the continuing policy to keep the export operations at full capacity despite the lockdowns. Meanwhile, imports grew slower at […]
The Department of Trade and Industry (DTI), in partnership with the Department of Agriculture (DA) and Robinsons Supermarkets, relaunched the Presyong Risonable Dapat (PRD) Program to provide consumers access to low-cost frozen meat options amid the pandemic. This year’s Frozen Meat Edition aims to bring pork and chicken products to the consuming public at their lowest prices. […]
A French company pledged ₱1.5 Billion in investments for a shipyard project in the Philippines that may potentially create 500-600 direct and indirect jobs. This was revealed during the 9th Philippine-France Joint Economic Committee (JEC) meeting held recently where high-level economic discussions and commitments forged on bilateral cooperation covering agriculture, civil aviation, aeronautics and space, […]
Philippine exports led the way to the continued expansion of global trade, spurred on by the gradual opening of major economies abroad as it contributed $5.89-B to total trade or a 29.8% growth for May 2021, over the previous year’s $4.54-B. This effectively shrunk the Balance of Trade by $329.9M from April 2021 figures, even […]
The Department of Trade and Industry (DTI) and the Board of Investments (BOI) assured the general public that oxygen supply in the country is adequate despite growing demand among hospitals and COVID-19 patients. “We have an ample supply of oxygen and we have more than twice buffer capacity in the event of a surge in […]
The Philippines is eyeing significant investments from Europe, Trade Secretary Ramon Lopez said during a virtual investment roadshow recently, dubbed as “Make It Happen In the Philippines: A Forum on the Philippines’ Role in your Business,” targeting European companies. “It is still a good time to do business in the country despite the pandemic,” Lopez […]
The Department of Trade and Industry (DTI) reported that the Free Mask project has produced and delivered 30,808,518 pieces of free cloth washable face masks for the benefit of the “Pantawid Pamilyang Pilipino” Program (4Ps) beneficiaries and other marginalized sectors in COVID-19 high-risk areas. DTI Secretary Ramon Lopez said that the consistent efforts of all […]
Department of Trade and Industry (DTI) Secretary Ramon Lopez pushed for further strengthening of the Philippines and India’s trade and investment relationship during the virtual courtesy call of India Ambassador to the Philippines Shambhu Kumaran recently. Both countries discussed the necessary steps to create more market opportunities and improve their bilateral trade relations. Lopez discussed […]