27 August 2020 | The total trade of the Philippines and India is growing but its full potential has not been fully realized yet. In 2019, India was the Philippines’ 17th export market valued at US$545.45 million contributing only 0.77% share to the total Philippine exports. In comparison, Philippine imports from India amounted to US$1.83 billion or 1.64% of total imports. As such, the Philippines has been active in conducting and participating in various trade promotion activities to explore and maximize the trade opportunities between the two countries.
Export Matching in the Time of Coronavirus
27 August 2020 | The COVID-19 pandemic disrupted modern human life on an unprecedented scale – effectively forcing a sweeping range of social and economic activities to grind to a screeching halt. The highly contagious virus triggered nearly 100 countries to impose exhaustive restrictions on the movement of people. In the Philippines, rigorous lockdown measures in the entire Luzon area were implemented in the form of “Enhanced Community Quarantine” (ECQ). Schools closed, mass gatherings were prohibited, transportation was suspended and employers – private, and the public – have adopted work-from-home schemes. This pandemic has undoubtedly shocked the entire supply chain to its core.
Philippine coconut fiber can tap export potential in Switzerland, envoy says
13 August 2020 | The Philippine coconut fiber has a potential market in Switzerland, Swiss Ambassador to the Philippines Alain Gaschen said on Monday.
DTI-EMB guides exporters on how to avoid online fraud
10 August 2020 | In a webinar hosted by the Department of Trade and Industry-Export Marketing Bureau (DTI-EMB) last July 20, experts from the cybercrime units of the Department of Information and Communications Technology (DICT) and the National Bureau of Investigation (NBI) bared the tactics of online fraudsters and ways for exporters to defend themselves.
PH can be India’s pharma manufacturing hub for ASEAN – DTI-EMB
07 August 2020 |DTI-Export Marketing Bureau (DTI-EMB) Director Senen Perlada encouraged Indian pharmaceutical companies to make the Philippines (PH) their manufacturing hub, as the country is an ideal gateway to Southeast Asia.
Gradual recovery in PH goods exports seen in June 2020
Philippine merchandise exports for June 2020 shows a gradual recovery of trade amid the Covid-19 pandemic. According to preliminary data from the Philippine Statistics Authority (PSA), June 2020 exports decreased only by 13.3% to USD5.3B from USD6.1B in the same month last year. This is a marked improvement from the 35.6% decline recorded in May continue reading : Gradual recovery in PH goods exports seen in June 2020
DTI-EMB chief tells MSMEs: Shift to digital amid contagion
03 August 2020 | Consumer behavior is evolving because of the Covid-19 pandemic and digital transformation is the way for micro, small and medium enterprises (MSMEs) to adapt to the new situation, according to Department of Trade and Industry-Export Marketing Bureau (DTI-EMB) Director Senen M. Perlada.
IT-BPM sector delivers service to global clients amid contagion
13 July 2020 Published also in Business Mirror Trade Undersecretary and Board of Investments (BOI) Managing Head, Dr. Ceferino Rodolfo, along with key officials of the Philippine IT and business-process management (IT-BPM) industry, reached out on Wednesday (July 1, 2020) to stakeholders in the Americas region to highlight the projected growth, expanded opportunities, and resilience continue reading : IT-BPM sector delivers service to global clients amid contagion
PH exports’ slowdown decelerates in May
13 July 2020 | Still reeling from the impact of Covid-19, Philippine merchandise exports in May 2020 amounted to USD 3.99B, an increase of more than USD 1B from April’s USD 2.83B—the lowest recorded value in since the global financial crisis in 2018.
DTI-EMB presents financing options to MSME exporters
06 July 2020 | In an effort to help micro, small and medium enterprises (MSMEs) find financing for their business, especially in the midst of the Covid-19 pandemic, the Department of Trade and Industry-Export Marketing Bureau (DTI-EMB) hosted a webinar, entitled “Financial Stimulus and Tools to Mitigate the Impact of Covid-19” on June 25, 2020.