The Economy

The Economy

More than 75,000 classrooms nationwide constructed by the Department of Public Works and Highways

The Department of Public Works and Highways (DPWH) has completed the construction of more than 75,000 classrooms nationwide in the past three (3) years. Secretary Mark A. Villar said that…

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The Economy

Philippine Government to spend P73.2-billion loan for COVID-19 vaccine procurement

The government will use P73.2 billion financing coming from different sources to fund the procurement of COVID-19 vaccine as the government targets to inoculate 60 million Filipinos. During a meeting…

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The Economy

Philippines Launches New International Investment Promotion Brand Highlighting Its “Make It Work” Potential

The campaign highlights the country’s highly skilled and resilient human resource that is elevated by a “make-it-work” mindset that showcases strength and adaptability, even in times of adversity. The “Make…

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The Economy

The Philippines signs MOU with ASEAN countries to address Non-Tariff Measures during COVID-19 pandemic

The Department of Trade and Industry Secretary Ramon M. Lopez, together with the Economic Ministers of the Association of the Southeast Asian Nations (ASEAN), signed a Memorandum of Understanding (MOU)…

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The Economy

Consumers urged to buy local this Christmas

The Department of Trade and Industry (DTI), through its Regional Operations Group (ROG), has officially launched its Christmas special project dubbed as ‘Pasa-Love’ on the DTI’s YouTube channel. Pasa-Love is…

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The Economy

First exports growth recorded by the Philippines since pandemic

The Philippines recorded its first exports growth since the onset of the coronavirus disease which began back in March. Data from the Philippine Statistics Authority (PSA) reported that export revenues…

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The Economy

Philippine economy projected to fully recover by 2022

Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said on November 5 that the normalization growth of the Philippine economy may be expected by 2022. During a virtual briefing, Governor…

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The Economy

Q3 2020 GDP growth rate indicates recovery trajectory of Philippine economy notes DTI Chief

Department of Trade and Industry (DTI) Secretary Ramon Lopez said the recorded GDP growth rate of -11.5% in the third quarter of this year still conforms with the country’s economic…

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The Economy

Regional Comprehensive Economic Partnership (RCEP) trade ministers ink mega free trade deal

Department of Trade and Industry (DTI) Secretary Ramon M. Lopez joined the Trade Ministers from the Member States of the Association of Southeast Asian Nations (ASEAN)1 and its five trade partners—Australia,…

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The Economy

Philippine merchandise exports make a strong comeback in September

Following the positive pick-up in international merchandise trade since June, PH Merchandise Exports rebounded strongly in September. This was also the first time the growth rate manifested since the onset…

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The Economy

Purchasing Managers’ Index marginal decline only a “pause in economy’s recovery momentum” says DTI Secretary

The decline in the country’s Purchasing Managers’ Index (PMI) from September’s 50.1 to 48.5 in October is a “marginal drop” said Department of Trade and Industry (DTI) Secretary Ramon Lopez.…

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The Economy

‘V-shape’ recovery on consumer spending projected for the Philippines in 2021

For the Philippines, a ‘V-shape’ recovery in consumer spending by 2021 has been forecast by a unit of Fitch Group. In its report released last Friday, October 30, Fitch Solutions…

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The Economy

Philippine coconut products now in Russian stores

Philippine-branded organic coconut products including coconut milk, coconut cream, balsamic sauce, aminos sauces, coconut syrup, coconut oil, and coconut jam are now available in top online retail stores in Russia…

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The Economy

Strengthened partnerships is key to soften impact of COVID-19 on OFW Remittances

The Bank of the Philippine Islands (BPI) sees the important role of strengthened partnerships with various remittance tie-ups in cushioning the impact of the pandemic on remittances from overseas Filipinos…

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The Economy

Japanese company invests in wiring harness manufacturing in the Philippines

After a due diligence study spanning over 12 months in ASEAN, Yokowo Co., Ltd., recently decided to choose the Philippines as the site of a new subsidiary for automotive wiring…

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The Economy

DTI, CHED sign MOU in promoting world-class higher education institutions

The Department of Trade and Industry (DTI) and the Commission on Higher Education (CHED) signed a memorandum of understanding to collaborate on the promotion of performance excellence in higher education…

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The Economy

PH Makes the Case for Middle-Income Countries, Highlights PH Development Priorities at UN’s Second Committee Opening Session

At the in-person Opening Session of the United Nations Second Committee held on 05 October 2020 at the UN Headquarters in New York, Philippine Permanent Representative to the United Nations…

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The Economy

USDOS acknowledges significant improvement in the Philippines’ investment climate

In the latest 2020 Investment Climate Statements, the United States Department of State (DOS) has recognized the improvements in the Philippines’ investment climate. The USDOS cited reforms made by the…

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The Economy

DOT inks tourism “CARES for TRAVEL” MSME loan program with SB Corp

The Department of Tourism (DOT) and the Small Business Corporation (SB Corp) today (October 12) signed a Memorandum of Agreement (MOA) to finalize the CARES for Tourism Rehabilitation and Vitalization…

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The Economy

The Philippines and India to boost trade and investment

The Philippines and India successfully concluded the virtual 13th Meeting of the Joint Working Group on Trade and Investments (JWGTI) on 17 September 2020. The JWGTI was led by Undersecretary…

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More than 75,000 classrooms nationwide constructed by the Department of Public Works and Highways

Philippine Government to spend P73.2-billion loan for COVID-19 vaccine procurement

Philippines Launches New International Investment Promotion Brand Highlighting Its “Make It Work” Potential

The Philippines signs MOU with ASEAN countries to address Non-Tariff Measures during COVID-19 pandemic

Consumers urged to buy local this Christmas

First exports growth recorded by the Philippines since pandemic

Philippine economy projected to fully recover by 2022

Q3 2020 GDP growth rate indicates recovery trajectory of Philippine economy notes DTI Chief

Regional Comprehensive Economic Partnership (RCEP) trade ministers ink mega free trade deal

Philippine merchandise exports make a strong comeback in September

Purchasing Managers’ Index marginal decline only a “pause in economy’s recovery momentum” says DTI Secretary

‘V-shape’ recovery on consumer spending projected for the Philippines in 2021

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Philippine coconut products now in Russian stores

Strengthened partnerships is key to soften impact of COVID-19 on OFW Remittances

Japanese company invests in wiring harness manufacturing in the Philippines

DTI, CHED sign MOU in promoting world-class higher education institutions

PH Makes the Case for Middle-Income Countries, Highlights PH Development Priorities at UN’s Second Committee Opening Session

USDOS acknowledges significant improvement in the Philippines’ investment climate

DOT inks tourism “CARES for TRAVEL” MSME loan program with SB Corp

The Philippines and India to boost trade and investment

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