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DTI slaps safeguard duty on cars

THE PHILIPPINES will slap provisional safeguard duties on imported cars, after an investigation by the Trade department showed the surge in imports has hurt the domestic auto manufacturing industry.

DTI slashes goal as coronavirus pummels exports

THE Trade department slashed its export projection by around a fifth to $103.9 billion by 2022, taking into account the impact of the coronavirus disease 2019 (COVID-19) pandemic.

DTI says success of pitch to investors hinges on CREATE passage

THE Trade department said the passage of a key tax reform bill, known as the Corporate Recovery and Tax Incentives for Enterprises (CREATE), forms a major part of its investment promotion message.

DTI aims for 2021 RCEP ratification

THE Trade department aims to ratify the recently signed 15-country mega-trade deal by next year.

DTI looking to join new trans-Pacific deal

THE Trade department said it is once again looking into possible participation in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

Trade dep’t completes safeguard measures probe into automobiles

THE DEPARTMENT of Trade and Industry (DTI) said it concluded its investigation into potential safeguard duties on imported cars.

Gym fee rules eased for users unable to work out during...

FITNESS CENTERS have been required to allow paid-up members who were not able to use their facilities during the lockdown to return without making further payments, the Department of Trade and Industry (DTI) said.

MSME loan approvals only a fraction of funds allocated as Bayanihan...

THE Department of Trade and Industry (DTI) has so far extended P1.2 billion worth of loans to micro, small and medium enterprises (MSMEs) affected by the coronavirus disease 2019 (COVID-19) pandemic, much less than the funds allocated, a senator said, citing data from the department.

DTI business registrations in year to date top 2019 total

THE department tallied 839,444 business registrations between January and early November, outpacing the 2019 full year by 32%, Trade Secretary Ramon M. Lopez said in an online event Wednesday.

DTI’s Lopez confident in manufacturing rebound

TRADE SECRETARY Ramon M. Lopez remains confident in the economic recovery despite weaker Philippine manufacturing in October, calling the decline a “pause” in momentum.

DTI-Grab team up to benefit Cagayan Valley farmers

MORE THAN 4,700 farmers in the Cagayan Valley region are expected to be onboarded to an e-commerce platform to market and sell their products.

An accelerated push towards sustainability

1st leg of BusinessWorld Insights Sustaining Sustainability series calls on business to meet sustainability goals By Adrian Paul B. Conoza, Special Features Writer Sustainability has increasingly...

DTI eases rules for registering consumer organizations

THE Department of Trade and Industry (DTI) said it has relaxed the requirements for consumer organizations to be officially recognized.

DTI weighing requests to raise prices on ‘noche buena’ items

THE Department of Trade and Industry (DTI) said it is currently evaluating applications from food companies to increase the prices of items normally served for the Christmas feast, known in the Philippines as noche buena.

DTI urges struggling firms to borrow for 13th month pay

TRADE Secretary Ramon M. Lopez said there is “no need” to defer 13th month pay this year, noting that distressed companies can borrow the needed funds to make payroll.

Consumer complaints to DTI surge during height of lockdown

CONSUMER COMPLAINTS received in the year to date have surged past 45,000, with complaints rising across-the-board for both online and offline transactions, many of them logged during the lockdown, according to the Trade department.

Standards bureau adopts international non-destructive norms for product testing

THE Trade department said the Bureau of Philippine Standards (BPS) has adopted new international norms for conducting non-destructive product testing.

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.