THE FINANCE and Trade departments have agreed on about 80% of a new scheme for tax incentives for companies, agency officials said yesterday, though resistance remains from several sectors.
Aug 122015
Jul 162015
DUMAGUETE CITY — The Department of Trade and Industry (DTI) plans to deploy its funds to help the Region VII tourism sector, focusing on shared service facilities (SSF) for small and medium enterprises (SME) involved in the growing travel industry and related retail businesses.
Jul 152015
AS PART of a EUR4-million grant from the German government development agency, the Department of Trade and Industry (DTI) yesterday launched a mobile app design contest for local small-scale businesses to improve operations while ensuring “green growth.”
Jun 282015
ILOILO CITY — There is no actual shortage of cement, the Department of Trade and Industry’s (DTI) regional office said, tracing the thin inventories held by dealers to congestion in Iloilo Port.
May 192015
THE FINANCE and Trade departments have finally reached consensus on a monitoring scheme for tax incentives given to export firms, eight months after talks on an incentives measure started at the House of Representatives.
Jan 142015
THE DEPARTMENT of Trade and Industry (DTI) said it is preparing an “aggressive game plan” to help Philippine exporters maximize the benefits of the European Union’s (EU) Generalized Scheme of Preferences Plus (GSP+) tariff reduction scheme for developing countries.
Dec 022014
THE DEPARTMENT of Trade and Industry (DTI) said the collapse in global oil prices could translate to a decline of at least 3% in the prices of local goods and services.
Feb 012014
MANILA, Philippines – The Department of Trade and Industry (DTI) is planning to put up business assistance centers and shared service facilities (SSF) in areas hit by Super Typhoon Yolanda. “Right now, what we are looking at for Yolanda affected areas is to set up business assistance centers. We are talking with mayors to find out where MSMEs (micro, small and medium enterprises) can go to, to ask for assistance so they can get back on their feet,” Trade Undersecretary Zenaida Maglaya told reporters. Aside from having business help desks in the areas damaged by the typhoon, she said the DTI likewise intends to provide SSFs for the use of MSMEs. “We will provide for SSFs for coco lumber and hollow block making,” she said. The SSF involves the setting up of common service facilities or production centers for certain processes to give MSMEs access to better technology and more sophisticated equipment. The program is being undertaken to help MSMEs become competitive and tap a wider market. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 Maglaya said the department is studying what other support can be provided to help businesses in the area. “We are really looking at how we can help MSMEs recover from the typhoon,” she added. To encourage companies to set-up operations in the areas damaged by the typhoon, Trade Secretary Gregory Domingo said earlier the government is looking at crafting a new bill that will give special treatment or duty-free entry for goods such as Read More …
Jan 262014
THE DEPARTMENT of Trade and Industry will start reviewing the Japan-Philippines Economic Partnership Agreement (JPEPA) by next month, with a DTI official saying the country will push for more benefits for agricultural products.
Jan 112014
MANILA, Philippines – A lawmaker has filed a bill similar to the “lemon law” of the United States to protect the buyers of motor vehicles, particularly those that fail to meet the standards of quality and performance. Rep. Mark Villar (Lone District, Las Piñas City) said House Bill 3199 would strengthen consumer protection in the purchase of brand new vehicles and provides legal remedies to buyers who face the ill fate of lemon automobiles ending up in their hands. Villar said the historical antecedents of the lemon law originated in the United States and was crafted primarily to return to the consumer the full value of money. “It provides that if a manufacturer or its authorized dealer cannot successfully repair a defective product within a reasonable number of repair attempts. The manufacturer must either promptly replace or repurchase the product,” Villar explained. Villar said given the fast-paced nature of the current time, owning a motor vehicle now is not considered a luxury but more of a necessity to cope with everyday duties and responsibilities. “Coping with this necessity does not come cheap. Owning a motor vehicle is a big investment and could take a substantial chunk of one’s savings. For some unfortunate buyers, an investment in this endeavor has become for naught after they acquired a ‘lemon’ or those that fail to meet the standards of quality and performance,” Villar said. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 The lawmaker added that because of this, buyers continue with Read More …