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Imported car sales drop 49%, break month-on-month gains

Imported vehicle sales declined 48.7% in the eight months to August this year and broke a month-on-month uptick due to the two-week stricter lockdown last month.

Sumitomo to build wiring harness factory in Pangasinan

Sumitomo Wiring Systems, Ltd. has broken ground for a new wiring factory in Binalonan, Pangasinan that is expected to create around 10,000 jobs.

SB Corp. to stretch out loan fund for MSMEs with bank...

THE Small Business Corp. (SB Corp.) will seek bank financing to expand its available funds for lending to small businesses, and plans to deploy part of its P10-billion budget from the Bayanihan to Recover As One Act (Bayanihan II) to pay for interest, the Department of Trade and Industry (DTI) said.

House considering increasing DTI loan fund for small businesses

LEGISLATORS said they are considering increasing the funding for the Trade department’s loan fund to aid in the recovery of small businesses affected by the lockdown from its current proposed level of P1.5 billion.

PHL notifies WTO of resin safeguard measures probe

THE Department of Trade and Industry (DTI) has notified the World Trade Organization (WTO) about its plan to look into possible safeguard measures against imports of resin products.

DTI announces safeguard measures investigation into petrochemical products

THE Department of Trade and Industry (DTI) said it will look into the imposition of safeguard measures on resin products after receiving a claim from JG Summit Petrochemical Corp. (JGSPC) that it has been harmed by unfair competition from imports.

DTI says online stores and complaints surged during virus lockdown

ONLINE business registrations and complaints surged after the government locked down Luzon starting in mid-March to contain a coronavirus pandemic, according to the Department of Trade and Industry (DTI).

DTI seeking end to Brazilian poultry import restrictions

THE Trade department is asking for a ban on poultry products from Brazil to be lifted, after meat processors said such a ban could lead to food shortages.

South Korea free trade deal still expected before end of 2020...

FREE TRADE agreement (FTA) negotiations between the Philippines and South Korea are still due to conclude this year despite delays caused by the pandemic, the Department of Trade and Industry (DTI) said.

RCEP trade deal signing expected by November

MOST OF the outstanding issues in a 15-country regional trade deal including Asia's largest economies have been resolved with a signing expected in November, the Department of Trade and Industry (DTI) said in a statement.

Gift checks don’t expire, reminds DTI

There is no need to worry about gift checks, also known as gift certificates or gift cards, expiring over the lockdown, reminds the Department of Trade and Industry (DTI).

DTI moves to source health workers’ protective gear from local makers

THE Department of Trade and Industry (DTI) is working on implementing local preference for government procurement of personal protective equipment (PPE).

Senior citizen discounts apply for online and proxy transactions — DTI

Senior citizen discounts are also honored in online and proxy transactions, reminded the Department of Trade and Industry (DTI) during a consumer care session held on August 20.

DTI pushes for looser virus curbs in capital

THE Department of Trade and Industry (DTI) wants looser movement restrictions in the capital region to enable more people to go to work, Trade Secretary Ramon M. Lopez said.

DTI seeking fiscal incentives for relocating firms, worker retention

THE Department of Trade and Industry (DTI) has proposed fiscal incentives for companies to retain employment and relocate to the provinces, addressing areas not tackled by the Bayanihan II stimulus bills now being harmonized in bicameral conference sessions.

Don’t test asymptomatic workers businesses told

New government health protocols will not require businesses to test asymptomatic workers for the coronavirus disease 2019 (COVID-19). But workers with symptoms will be required...

DTI small business loan program obtains P1B from state banks

THE Department of Trade and Industry (DTI) said it will be accepting new applications for its small business loan program after obtaining additional funding from state banks.

DTI backs limited capacity reopening of review centers, gyms

THE Trade department said it will propose to allow the reopening of review centers and gyms under current quarantine settings.

Emissions testers granted grace period to renew accreditation

PRIVATE emissions testing centers will be given an extended deadline to renew their accreditation, permitting them to continue operating during the lockdown.

Trade department seeking P500 million to fund shared facilities

THE Trade department is requesting P500 million to fund equipment to be shared by micro, small, and medium-sized enterprises (MSME) in 2021.

MSME recovery loan applications overwhelm Trade dep’t funding

SMALL-BUSINESS LOAN applications filed with the Department of Trade and Industry’s (DTI) financing arm are now triple the initial funding allocated, triggering a scramble to increase the size of the facility offered with the support of state banks.

Alcoholic drinks now allowed at dine-in restaurants

RESTAURANTS with dine-in operations will now be allowed to serve each customer up to two alcoholic beverages, the Department of Trade and Industry (DTI) said.

DTI clarifies only commercial-scale barter subject to tax

ONLY BARTER pursued on a commercial scale is subject to tax and must be registered with the government, while trades at the individual level may proceed without penalty, Trade Secretary Ramon M. Lopez said.

DTI urges companies to take advantage of automation opportunities to survive

THE Department of Trade and Industry (DTI) said more automation and digitization after the pandemic will help companies survive, and pressed the private sector to take advantage of the “opportunity” to modernize operations to be ready for the so-called Fourth Industrial Revolution.

Online transaction complaints rose by almost 90% during lockdown

Consumer complaints involving online transactions rose by 89.99% during the enhanced community quarantine (ECQ), shared the Department of Trade and Industry (DTI).

DTI explains guidelines for getting refunds for events canceled because of...

by Mariel Alison L. Aguinaldo Parties who made payments for events that were canceled or scaled down prior to community quarantine have the right to...

DTI warns logistics firm caught mishandling parcels on video

THE Department of Trade and Industry (DTI) issued a warning to delivery company PH Global Jet Express, Inc. or J&T Express over its alleged mishandling of packages, and ruled that merchants will be responsible for replacing damaged products.

Panic-buying restrictions lifted as supply improves

THE Department of Trade and Industry (DTI) has lifted the buyer limit on essential goods like food and hygiene products imposed during the lockdown, while also easing the restrictions on disinfectant liquids.

DTI: refund advance payments for canceled events

ADVANCE payments for events that have been canceled or scaled down due to lockdown restrictions must be refunded, the Department of Trade and Industry (DTI) said.

DTI pilots e-commerce export program for small businesses

THE Trade department’s export marketing arm is planning a P25-million program to connect small businesses to consumers in the United States through e-commerce.

Online transaction complaints surge during lockdown

COMPLAINTS involving online transactions rose to 8,059 at the height of the lockdown from 985 in the three months to March, the Department of Trade and Industry (DTI) said.

DTI rules out rent concessions during MGCQ

THE Department of Trade and Industry (DTI) said rent deferrals will no longer apply during a modified general community quarantine (MGCQ).

Rent grace period set at 30 days after firms reopen

BUSINESSES have been granted a 30-day grace period on rent payments counting from the date businesses are permitted to operate, the Department of Trade and Industry (DTI) said.

Buffets banned when restaurants resume dine-in service

THE Department of Trade and Industry (DTI) said restaurants resuming dine-in service may not offer buffets and must put up table partitions and mark floors to ensure proper social distancing.

DTI offers up to P15,000 in seed capital for Balik Probinsya

THE trade department said it will offer livelihood kits with seed capital of between P5,000 and P15,000 for participants in the Balik Probinsya program, to help them start businesses after leaving the cities.

DTI says Price Act fines do not deter violations

THE Department of Trade and Industry (DTI) said Thursday it will seek amendments to the Price Act to upgrade the prescribed fines for price manipulation and other violations.

Four highlights from the 2020 Philippine Startup Survey: COVID Edition

PwC Philippines, DTI, QBO, and IdeaSpace shared the 2020 Philippine Startup Survey: COVID Edition

DTI’s Lopez to firms: shoulder your staff’s virus test

TRADE Secretary Ramon M. Lopez said companies must pay for the testing of their employees for the coronavirus disease 2019 (COVID-19), which he said will be included in new business health protocols.

Exporters advised to tap domestic market via e-commerce

THE Department of Trade and Industry’s Export Marketing Bureau (DTI-EMB) is urging exporters to reach out to domestic markets via e-commerce as their traditional markets could face disruptions due to the coronavirus disease 2019 (COVID-19) pandemic.

DTI extends rent grace period following extension of ECQ

THE Department of Trade and Industry (DTI) said the rent deferment grace period for commercial and residential tenants in force during the original enhanced...

Landlords cannot evict tenants amid coronavirus crisis — DTI

LANDLORDS and lessors are not allowed to evict their tenants, particularly small businesses, who are unable to pay either residential or commercial rent within...

DTI says price freeze covers virtual vendors, individual sellers

THE DEPARTMENT of Trade and Industry (DTI) said virtual vendors and individual sellers are included in the 60-day price freeze imposed by the government.

Meat processors warn of severe meat shortage during lockdown

MEAT processors told the Department of Trade and Industry (DTI) that they were expecting a “severe” shortage of meat products by the middle of April, as their inventories of finished products and supplies of raw goods could last for just up to two weeks during the month-long enhanced community quarantine period.

DTI says price freeze on basic goods in effect for 60...

THE Department of Trade and Industry (DTI) announced a nationwide price freeze on basic goods after the country was placed under a state of public health emergency amid a novel coronavirus outbreak.

Food industry seeking to expand Mideast footprint via Gulf fair

THE Philippines is seeking to expand the reach of its products in the Middle East, the Trade department said on Friday.