24 July 2020 | When the lockdown was enforced in the Philippines, big and small Philippine companies thought of new ways to show their fellowmen their support by thinking of innovative ways to help during these trying times. Many Filipinos had lost their jobs, thereby struggling to put food on the table. Most of them were forced to stay at home to keep them safe and virus-free. There were several who found it a challenge to earn a living for their families’ expenses.
DTI to PH exporters: grab opportunities in Latin America
24 July 2020 | The Department of Trade and Industry (DTI), through its Export Marketing Bureau (EMB), Foreign Trade Service Corps (FTSC), and the Philippine Trade and Investment Center (PTIC) in Mexico is urging Philippine exporters to sell to Latin America market as the three government agencies are setting up a webinar for PH exporters interested in developing trade relations with Mexico, Argentina, Brazil, Colombia, and Chile. The webinar entitled “Philippine Export Opportunities in Latin America” will be held on 28 July, 2020, via Zoom, from 8:00 am to 10:00 am.
Food and beverage firms told: Focus on product sustainability
16 June 2020 | The Department of Trade and Industry-Export Marketing Bureau (DTI-EMB), citing international market intelligence company Mintel trends report, has advised food and drink companies to focus on sustainability as consumers will advocate for companies that pursue the triple bottom line—people, profit and planet.
DTI-EMB urges passage of economic stimulus bill to get exporters back on track
11 June 2020 | The Department of Trade and Industry-Export Marketing Bureau (DTI-EMB) is pushing for the passage of House Bill No. 6815 or the Accelerated Recovery and Investments Stimulus for the Economy of the Philippines (ARISE Philippines) to help exporters get back on their feet. The bill was approved by the House of Representatives in its third and final reading on 4 June 2020.
PH game developers explore opportunities with Malaysia
11 June 2020 | The global gaming industry was estimated to be valued at USD152.1B in 2019 which shows that there’s a huge chunk of the market that is open to be served and explored by the Philippines given the current share and capability of the game development industry.
Q1 exports slip amid lockdown but electronics subsectors buck trend
MAKATI – Six out of nine electronics exports groups reported positive growth for the first quarter despite the COVID-19 pandemic, according to data from the Philippine Statistics Authority (PSA). Automotive exports, in particular, grew 79% to USD57.4M from USD32.1M in the same period Other gainers were Consumer Electronics (up by 40.9% to USD201.9M); Office Equipment, continue reading : Q1 exports slip amid lockdown but electronics subsectors buck trend
ADVISORY: Chinese Taipei Issues Temporary Alternative Arrangements of the Presentation of Original Certificates due to COVID-19 Pandemic
23 April 2020
Due to the impact in the movement of airfreight and courier mail as a result of COVID-19 pandemic, Chinese Taipei has issued temporary alternative arrangements for goods subject to presentation of original veterinary or phytosanitary certificates to be implemented until 30 June 2020.
SB Corp. opens P1-billion loan for MSEs affected by lockdown
To support micro and small businesses and cushion the economic impact of the spread of coronavirus disease 2019 (Covid-19) virus in the country, the Small Business Corp. is setting up a P1-billion Enterprise Rehabilitation Financing facility under the Pondo sa Pagbabago at Pag-asenso (named Covid19 P3-ERF).
MSME exporters plead for support as losses mount due to Covid-19
27 March 2020 Published also in Business Mirror Distressed micro, small and medium enterprise (MSME) exporters in the Philippines are appealing for government intervention, primarily financial assistance and tax breaks to offset their losses and enable business continuity as the coronavirus (Covid-19) pandemic continues to destabilize global trade and economy. Thirty-six respondents representing 13 sectors continue reading : MSME exporters plead for support as losses mount due to Covid-19
Exports jump 4.4% to $94.4 billion last year, hitting national target
Total Philippine exports of goods and services jumped by 4.4 percent to $94.4 billion in 2019 from $90.4 billion in 2018, according to the BPM6 data released by the Bangko Sentral ng Pilipinas on March 20, 2020.