Amidst the busy schedule of the Senate this week and the need to urgently act on other important local bills, Department of Trade and Industry (DTI) Secretary Ramon M. Lopez expressed optimism that the Senate will eventually concur on the ratification of the Regional Comprehensive Economic Partnership (RCEP) Agreement when it resumes session this year. continue reading : DTI looks forward to RCEP ratification
The Philippines was named the most improved country in the 2021/2022 Peddling Peril Index (PPI) of countries implementing strategic trade regulations. The Philippines’ ranking increased by 273 points from 482 points the previous year to 755 points, moving up from 86th place in 2020 to 49th place in 2021. Trade Secretary Ramon M. Lopez reported continue reading : PH named most improved country in strategic trade control implementation
Department of Trade and Industry (DTI) – Philippine Board of Investments (BOI) reported that the calibrated reopening of the economy has been resulting in improvement in the unemployment rate reported by National Economic and Development Authority (NEDA) at 7.7% in May 2021, from 8.7% in April 2021; and the manufacturing index which climbed to 50.8 continue reading : Purchasing Managers’ Index breaches 50-point mark, DTI-BOI sees strong second quarter recovery
MANILA—The Second Meeting of the Association of Southeast Asian Nations (ASEAN) Senior Economic Officials for the Fifty-Second ASEAN Economic Ministers’ Meeting (SEOM 2/52) and Dialogue Partner Consultations with Canada, China, India, Japan, South Korea, and the United States of America (USA) were held via video conference on 8-10 June 2021 and 14-15 June 2021, respectively. continue reading : PH pushes for inclusive economic growth in ASEAN post-pandemic recovery efforts and engagement with external partners
The passage of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act and the implementation of the Regional Comprehensive Economic Partnership (RCEP) Agreement will play major roles in the country’s growth strategy as it implements its economic recovery plan. This was underscored by Trade Undersecretary and Board of Investments (BOI) Managing Head Ceferino Rodolfo continue reading : CREATE and RCEP to help PH boost economic recovery and seize opportunities in the reconfiguration of global value chains
Economic Ministers from the 10 ASEAN Member States (AMS) met through video conference on 2-3 March 2021 to discuss implementation of initiatives that will further the region’s post-pandemic economic recovery efforts. As this year’s ASEAN Chair, Brunei Darussalam leads the setting of their priority economic deliverables (PEDs). These focus on three strategic thrusts—Recovery, Digitalization, and continue reading : ASEAN Economic Ministers gear for post-pandemic recovery
MANILA – Department of Trade and Industry (DTI) Secretary Ramon Lopez called on the 52 graduates comprising of micro, small, and medium enterprises (MSMEs) in the trade agency’s 3A (Accept, Adapt, and Act) Program to scale up as the country gradually reopens the economy in the wake of the COVID-19 pandemic. Addressing the Batch 1 continue reading : Trade Chief: MSMEs should scale up, take advantage of PH economic recovery