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Makati City, Philippines—The Department of Trade and Industry (DTI), through its MSME Development Group (MDG), has partnered with TikTok Shop Philippines to propel Filipino micro, small, and medium enterprises (MSMEs) into the digital age with the “Camp Asenso” learning session. Held at the DTI head office from June 24 to 25, the
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Makati City, Philippines—The Department of Trade and Industry (DTI) successfully launched the pilot run of its “Tindahan Mo, e-Level Up Mo!” program on June 26. This nationwide initiative aims to support micro, small, and medium enterprises (MSMEs) by elevating them through digitalization and sustainable business practices. “This first module of
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Makati City, Philippines — Department of Trade and Industry (DTI) Secretary Fred Pascual is optimistic about the Philippines’ export performance following the expansion of the country’s merchandise exports by 26.4% in April 2024 to USD 6.2 billion from USD 4.9 billion in April 2023, according to preliminary data released by
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Makati City, Philippines — The Board of Investments (BOI) announced a surge in agricultural investments following the issuance of Fiscal Incentives Review Board (FIRB) Resolution No. 003-24 on February 2, 2024. This resolution empowers the BOI to approve projects with an investment capital of up to PHP 15 billion. Aligned
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Tokyo, Japan—Following a high-level meeting with Department of Trade and Industry (DTI) Secretary Fred Pascual and industry players in Japan, Japanese tire manufacturer Yokohama Rubber Co. Ltd. expressed interest in expanding production capacity in the Philippines on June 21. This interest follows Secretary Pascual's assurances about the Philippines' commitment to
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Tokyo, Japan—Department of Trade and Industry (DTI) Secretary Fred Pascual met with senior executives of Taiheiyo Cement Corporation as part of his official visit to Japan from June 19 to 21, 2024. "Japan has always been a vital economic partner for the Philippines. In 2023, Japan was our second-largest trading
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Tokyo, Japan—"The Philippines stands ready to welcome your investments with a wealth of opportunities in a nation primed for growth,” Department of Trade and Industry (DTI) Secretary Fred Pascual emphasized during the Philippine Economic Briefing (PEB) on June 21. “By partnering with us, you not only gain a foothold in
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Tokyo, Japan—On June 19, Department of Trade and Industry Secretary Fred Pascual welcomed MinebeaMitsumi’s support for the goal of the Philippine government to train 128,000 semiconductor professionals by 2028. This reinforces the US CHIPS and Science Act, which allocated USD 50 billion to the industry and identified the Philippines and
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Tokyo, Japan—The Philippines is a very promising economy and its strong fundamentals position it for continued growth and development, according to Department of Trade and Industry (DTI) Secretary Fred Pascual’s pitch during the meeting with Rating and Investment Information, Inc. (R&I), June 20. Secretary Pascual was joined by the other
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Tokyo, Japan—"The DTI welcomes this opportunity to meet with Marubeni Corporation executives to strengthen the economic ties between the Philippines and Japan. The company’s continued presence can be a significant driver of our economic growth, particularly through further investments in infrastructure projects aligned with the Philippines' renewable energy goals,” said
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