A delegation of five Philippine game development companies generated an initial $1.67 million in export sales (actual and potential) and 71 more trade leads following the conduct of 26 B2B meetings during the country’s participation in the Nordic Game 2023 on May 23 to 26 held in Malmö, Sweden.
The DTI’s Online Monitoring Unit (OMU) has also intensified its online monitoring initiatives, with 93 online stores found to be compliant while 17,735 were non-compliant.
The Department of Trade and Industry (DTI) said it has seized 9,695 units of uncertified vaporized nicotine and non-nicotine products, and novel tobacco products worth P2,988,473 during its enforcement initiatives in NCR from Feb. 9 to April 26.
DTI secretary Fred Pascual said the Philippines now has two fintech startups that have achieved “unicorn” status – a startup valued at over $1 billion – e-wallet firms Mynt (GCash) and Voyager Innovations (Maya).
DTI secretary Alfredo Pascual said the e-licensing platform’s launch is a significant stage in monitoring and controlling trade in strategic goods to ensure that these products are not used as weapons.
The DTI says the Philippines has a wealth of entrepreneurs and innovators who are driven by their desire to do things better, provide solutions, create value, and address customer demands.
Because of the increase in complaints on online transactions, the Department of Trade and Industry said it is pushing to have a provision on e-commerce trust mark under the proposed Internet Transaction Act.
The Startup Venture Fund (SVF) Investment Committee (IC) held a “community mixer event” on Friday, March 24, at the National Development Company (NDC) in Makati City to link up startups to investors.
