Published January 6, 2021, 2:56 PM
Trade and Industry Secretary Ramon M. Lopez is not considering any price increase on basic necessities and prime commodities while big retailers also opposed price hikes as the economy is in recession.
“We have not considered any price increase,” said Lopez as he clarified that although there have been petitions for price hikes by manufacturers after holding off price hikes in the suggested retail prices of BNPCs during the Christmas season.
Earlier, DTI Undersecretary Ruth Castelo said DTI already approved a 9 percent increase in some brands of sardines, canned meat, condiments, coffee, milk products and detergents.
“Those are petitions, but costings still being reviewed carefully by DTI,” said Lopez adding that if there should be no price hike if there is no price hike in a major product component.
Published December 24, 2020, 7:00 AM
Board of Investments Managing Head Ceferino S. Rodolfo has conceded that approved investment commitments in 2020 would fall short of its goal for another P1 trillion mark for the – year.
In a briefing with the BOI press, Rodolfo said that as of their latest Board meeting they are still at P950 billion level. There are other projects worth P68 billion though could be approved on December 28, the BOI’s last Board meeting for 2020, that would bring year-end total to P970 billion or P30 billion off target. Board of Investments Managing Head Ceferino S. Rodolfo
Rodolfo also said that P68 billion for approval projects still need endorsement from other government agencies.
Published December 22, 2020, 6:30 AM
The government today launched the Leyte Ecological Industrial Zone (LEIZ) Master Development Plan Project, which is hoped to develop and complete the Philippines copper industry supply chain in Leyte by 2030 and establish the country’s role in modern industries.
The launch of LEIZ Master Plan project was led by the Department of Trade and Industry, Board of Investments, political leaders of Eastern Leyte, National Development Co., and the Palafox & Associates, which is undertaking the masterplan. LEIZ is a proposed development of an estimated 1,000-hectare land in Leyte. It is anchored on the existing copper smelting operation of PASAR (Philippine Associated Smelting and Refining) Corp. located in the Leyte Industrial Development Zone in Isabel, Leyte.
PH s first ecological ind l zone to rise in Leyte inquirer.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inquirer.net Daily Mail and Mail on Sunday newspapers.
Published December 20, 2020, 7:00 AM
Amid the popularity of the Philippines neighboring countries to foreign investors, Trade and Industry Secretary Ramon M. Lopez has called on American investors to take a closer look at its most loyal ally in southeast Asia and make the Philippines their natural investment destination.
Lopez made this strong pitch for American firms to choose the Philippines during the electronics manufacturing services (EMS) webinar organized by the Philippine Trade and Investment Center. This is part of DTI’s new marketing campaign “Make it Happen in the Philippines” to promote the country as an attractive and reliable destination for investments as most companies, including US firms, are choosing Vietnam and Indonesia as relocation sites.