Tag: DTI

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DBM pressed to clear CARS arrears

Lawmakers are pressing the Department of Budget and Management (DBM) to finally clear nearly P4 billion in government arrears owed to two major automakers under the Comprehensive Automotive Resurgence Strategy (CARS), a move seen as critical to restoring investor confidence in the Philippines’ industrial policy.

LandBank, DTI lift MSMEs financing nationwide

The Land Bank of the Philippines is expanding its push to bankroll grassroots enterprise with a new lending program designed to widen, simplify and tailor financing for micro, small and medium enterprises (MSMEs).

L’Oreal, DTI development of beauty skills spark career, commerce

L’Oréal Philippines is widening its push to develop the next generation of beauty and social commerce entrepreneurs, expanding its Beauty for a Better Life (BFBL) E-Beauty Advisor (e-BA) Program across Luzon in partnership with the Department of Trade and Industry (DTI), local governments, and academic institutions.

Export targets trimmed, push for growth intensified

The Department of Trade and Industry has trimmed its export ambitions—but not its appetite for acceleration. 

DTI resets expectations, redraws export path

The Department of Trade and Industry is set to unveil sharply reduced export targets for 2025—and for the remaining years of the Philippine Export Development Plan (PEDP) 2023–2028—at a December 4 launch expected to formally reset the country’s export trajectory.

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Basic Energy budgets P1 billion second-half capital expense

Basic Energy Corporation plans to spend as much as P1 billion in capital outlays for the remainder of 2026, marking a significant jump from the P100–P200 million recorded in 2025, when the firm only carried out pre-development work for its project pipeline. Chief executive officer Oscar de Venecia Jr. confirmed this during a recent event in Taguig City, noting that around P500 million has already been spent so far this year.

Security Bank eliminates fund transfer fees for all customers 

Security Bank announced today that it will provide free fund transfers to all of its customers starting July 10, 2026. This move expands a perk that was previously reserved exclusively for the bank's Gold, Wealth, Corporate, and Business Banking clients.

Spot market electricity prices jump more than 22% in June

Electricity prices at the Wholesale Electricity Spot Market (WESM) surged by 22.7 percent in June, driven primarily by a dip in available power supply and frequent grid alerts.

Mini racers fuel Philippines’ MICE tourism strategy

The Philippines is strengthening its push to become a premier destination for Meetings, Incentives, Conferences, and Exhibitions (MICE) tourism, with the successful staging of the Tamiya Mini 4WD Asia Challenge (TMAC) 2026 highlighting the country's ability to host international niche events that generate both tourism and business opportunities.

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