DTI cuts red tape further, trims number of active issuances

The Department of Trade and Industry (DTI) has made an inventory of all its official issuances — such as department administrative orders (DAOs), implementing rules and regulations (IRRs), orders and circulars — to eliminate redundancies and simplify procedures.

After a thorough review of all business- and consumer-related policies and procedures the number of active DAOs has been reduced from 257 to 124.

DAOs are rules, regulations or guidelines prescribed by the DTI Secretary covering the implementation of laws, executive orders, and agreements that fall within the purview of the services rendered by the department’s various offices and attached agencies.

“We have revoked obsolete and non-responsive department orders and expunged them from our working files,” said Trade and Industry Secretary Gregory L. Domingo. “The streamlining aims to provide clearer guidance to our stakeholders and make it easier for them to comply with requirements.”

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DTI-CMDF and Komatsu Ltd. welcomes 8th Batch of Technical Intern Trainees

Japan’s assistance to the Philippines has broadened through its joint programs and projects contributing to social and economic development in the country.

The Department of Trade and Industry-Construction Manpower Development Foundation (DTI-CMDF) together with Komatsu Ltd. welcomes the “Lucky 8” trainees of the Technical Intern Training Program during the entrance ceremony held last November 4, 2015 at the Construction Manpower Development Center, Salawag, Dasmariñas City, Cavite.

“I would like to commend Komatsu Ltd. for their continuous efforts in conducting training programs and projects which help propel our country’s dynamic and thriving economy,” said Undersecretary Dr. Prudencio M. Reyes Jr. as he congratulates and welcomes the 8th Batch of the said training program.

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PH highlights gains from APEC hosting; support to globalize MSMEs

At the last leg of the Asia Pacific Economic Cooperation (APEC) discussions, Department of Trade and Industry (DTI) Secretary Gregory Domingo, together with Ministers of 21 APEC member economies, met at the Asia Pacific Economic Cooperation Ministerial Meeting (AMM) held in Pasay City.

“We have made significant contributions to APEC. Our work has gathered support for member economies to collectively work towards an Asia Pacific region that addresses gaps in economic development, sustains long-term and inclusive growth, and benefits our micro, small and medium enterprises (MSMEs),” said Department of Trade and Industry (DTI) Secretary Gregory L. Domingo.

According to Domingo, the Philippines has been successful in placing the MSMEs “front and center” of the APEC agenda technical and consultative meetings. The Boracay Action Agenda to Globalize Micro, Small, and Medium enterprises (BAA-MSME), broadly supported by trade ministers last May, and its implementation plan, endorsed by APEC Senior Officials during the Concluding Senior Officials Meeting (CSOM) held in Pasay on November 15, 2015, highlighted the first day of AMM discussions.

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Philippines should explore Investment Partner Opportunities in ASEAN

Philippine Trade & Investment Centre-Singapore Commercial Counsellor and ASEAN Team Leader Glenn Peñaranda was invited to speak on “Engaging ASEAN as an Investment Partner” at the recent ZAMPEN Investment Conference (ICON) in Zamboanga City, Philippines. The conference was organized by the Department of Trade and Industry (DTI)-Region 9, in collaboration with the Philippine Board of Investments and the Zamboanga City Chamber of Commerce and Industry.

He highlighted that ASEAN neighbors are interested not only in the Philippine market but in access to raw materials for processing for both the local, regional and global markets. He also shared the diverse investment trends in ASEAN particularly in Singapore and Malaysia. A key trend is their commitment to food safety and halal.

Mr. Peñaranda said that ZAMPEN has a compelling story to tell. Noting the increasing interest in sustainable food sourcing and the ongoing implementation of the closed-season for the Sardines industry. Some world-renowned chefs have been promoting sardines, anchovies and other similar fish in their menu to ease pressure on the popular but endangered fish species.

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PTIC-Malaysia Joins the 6th Muslim World Biz 2015

The Philippine Trade & Investment Center (PTIC) in Malaysia recently participated in the 6th Muslim World Biz 2015, an event aimed at strengthening trade among members of the Organization of Islamic Countries (OIC) and other countries. The event was held at the Putra World Trade Centre in Kuala Lumpur and attended by over 1,200 conference delegates and 20,000 trade buyers and visitors from around the world.

PTIC showcased the range of halal-certified food in the Philippines, as well as the country’s initiatives in the promotion of halal food and investments in halal production. With over 1.7 Billion Muslim population worldwide, including 293 million in ASEAN and a growing affluent Muslim society, the halal market is a gold mine waiting to be tapped. Aside from food, requirement for halal-certified non-food products and services is expected to intensify as the Muslim population increases. Currently, the demand for halal products has now reached about US$200 billion worldwide.

“We are delighted to be able to support the 6th Muslim World Biz 2015 as it provides us a platform to connect with the Muslim market and to inform the community of our country offerings. We look forward to partnerships with Malaysia and other countries in promoting the halal industry in the Philippines,” said PTIC-Malaysia Commercial Counsellor Glenn Peñaranda who spearheaded the Philippine participation.

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