Tag Archives: DTI

Customer engagement must be digitized

(Source: Business Mirror | June 2, 2018) Merchandizers, wholesalers and other enterprises are encouraged to deal with customers in a more meaningful way given the projected expansion of the retail industry and the emergence of young consumers as potential new markets. According to Maria Lourdes Yaptinchay, director of Sector Planning Bureau of the Department of Trade and Industry, the country’s ...

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DTI eyes higher cap for foreign retailers

(Source: Manila Standard | March 9, 2018) The Department of Trade and Industry and the Board of Investments plan to raise the proposed cap on the paid-up requirement for foreign retailers to $500,000 from the current proposal of $200,000. BoI director for legal and compliance service Marjorie Ramos-Samaniego said the government would push for refinements on the proposed revisions in ...

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DTI to launch 37 prototypes One Town One Product

(Source: Sunstar | February 26, 2018) About 37 new prototypes of the One Town One Product (OTOP) Next Gen of the Department of Trade of Industry (DTI) is targeted to be launched this 2018 by DTI-Davao Region. According to Trade and Industry Davao assistant regional director Edwin Banquerigo, this year two Go Lokal stores will be opened up in Abreeza ...

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PLDT, Go Negosyo to empower MSMEs in e-commerce

(Source: Inquirer.net | February 12, 2018) Local telecommunications giant PLDT has teamed up with entrepreneurship advocate Go Negosyo to empower micro, small and medium entrepreneurs (MSME) with e-commerce capabilities, thereby allowing them to thrive in the digital marketplace. With this partnership, PLDT and its digital innovations arm Voyager Innovations (Voyager) aim to support the program of the Department of Trade ...

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Duterte approves non-expiry act for gift checks

(Source: CNN Philippines | December 29, 2017) President Rodrigo Duterte has approved a law prohibiting the expiry of gift checks. Republic Act 10962, or the “Gift Check Act of 2017,” prohibits businesses from issuing gift checks with expiry dates. The law was drafted on the principle that “consumers must not be unduly deprived of the value of their money.” Under ...

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Fiestamall sells quality Pinoy products via ‘Go Lokal!’

(Source: Business Mirror | December 25, 2017 Quality Filipino products are now being sold at the Duty Free Fiestamall, previously a haven of imported and luxury brands. This developed as the government-owned Duty Free Philippines Corp. (DFPC), in partnership with the Department of Trade and Industry (DTI), last week launched “Go Lokal!,” a retail-concept store showcasing quality products created by ...

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DTI chief backs retail trade lib

(Source: inquirer.net | October 12, 2017) Trade and Industry Secretary Ramon Lopez is supporting the plan to further liberalize the retail trade industry in favor of foreign investors, setting aside the appeals of local business groups who warned this would harm local micro, small and medium-sized enterprises (MSMEs). Lopez told reporters that a more open retail trade industry would lead ...

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DTI pushes Filipino products to markets

(Source: Manila Times | September 30, 2017) The Department of Trade and Industry (DTI) held a Go Lokal! event in Makati City recently to help bring local products closer to Filipinos. Go Lokal! is a free marketing avenue provided by the DTI and its retail partners for the incubation, marketing and branding of Filipino entrepreneurs’ products. “It is about new products that ...

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‘Market forces’ may set suggested retail prices – DTI draft order

(Source: GMA Network | June 201, 2017) The Department of Trade and Industry (DTI) on Tuesday said its plan to streamline the process of approving suggested retail prices (SRPs) of basic necessities and prime commodities entails leaving it up to market forces. Under a draft Department Administrative Order (DAO), the department will allow “market forces to determine the movement in ...

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DTI partners with retailers to promote Go Lokal! products

(Source: Inquirer.net | 22 May 2017) From the onset, Trade and Industry Secretary Ramon M. Lopez has put micro, small, and medium enterprises (MSMEs) at the front and center of his advocacies as head of the department. But when you’re advocating for the demographic that accounts for nearly all, or 99.6 percent, of firms in the country, it may be ...

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