DTI

Landbank will be working with Department of Trade and Industry-Construction Industry Authority of the Philippines, the Bureau of the Treasury, and PayMaya to ensure the efficient settlement of online payments made by clients and timely remittance of payments to the National Treasury.

Only two sectors in the electronics industry posted positive growth rates: control and instrumentation; and automotive electronics.

The Philippine Economic Zone Authority also launched its online job fair to link Filipinos, especially displaced OFWs, to PEZA-registered companies located in over 400 economic zones nationwide.

The Department of Trade and Industry (DTI) will be proposing to the Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF-EID) the opening of Internet cafés in areas under general community quarantine.

Creative industry leaders in the Philippines are suggesting the use of technology in animation and virtual production as a means of shooting movies and producing content in the “new normal”.

“Pasinaya” is the DTI’s first digital trade fair that will serve as a platform where buyers can connect digitally with MSMEs via Zoom.

The Department of Trade and Industry the number of registered online businesses surged from more than 1,600 online businesses that registered for the whole of 2019.

The DTI chief said online barter – as well as other online transactions -- is subject to tax if it has become part of a regular commerce or business.

The DTI said 10,323 online complaints were received by the agency in January to June of this year.

The electronics sector, which accounts for over half of the country’s total merchandise exports, experienced a steep 18.8% decline in export value from January to May this year.