The Department of Trade of Industry (DTI) is gearing up digital transformation regarding the formulation and implementation of the Inclusive Innovation Industrial Strategy (i3s) for the Micro, Small, and Medium Enterprises (MSME) in the country. While MSME’s contribution to the Philippine economy is impressive, they were also the hardest hit during the pandemic as many businesses had been forced to close down. Nevertheless, one silver lining in this crisis is the Digital Transformation that we are experiencing now. Continue reading DTI gears up digital transformation for MSMEs
Author Archives: edcinforms
SIRI: Move toward Digital Transformation
Living in the modern era, moving forward is one of the ways to elevate and survive different industries in this generation. The manufacturing sector, for instance, is already moving towards digital transformation. In this line, the World Economic Forum introduces one of its projects, the SIRI: Smart Industry Readiness Index. It is a framework and tool that will help the manufacturers to continue and move forward toward digital transformation. Continue reading SIRI: Move toward Digital Transformation
Travel and Tourism competitiveness and resiliency
The 21st World Travel & Tourism Council (WTTC) Global Summit on 20-22 April 2022, held in Manila, Philippines, is seen as an opportunity to reopen the country to international visitors and to sustain the Travel and Tourism competitiveness and resiliency.
WTTC’s annual Global Summit is the most influential Travel & Tourism event on the calendar. This year, industry leaders gathered with key government representatives to continue aligning efforts to support the sector’s recovery and move toward a safer, more resilient, inclusive, and sustainable future. Discussed in the Summit are the latest travel trends, sustainable investment prospects, regenerative tourism, and seamless travel in a pandemic era, among others. Continue reading Travel and Tourism competitiveness and resiliency
ARTA launches e-ARTA Complaints Management System
The anti-red tape watchdog officially launched e-ARTA Complaints Management System, the first of its kind in the Philippine government. The launch of the said online platform was the agency’s approach to digitize its services and make them more accessible and convenient to the public. It features an a) electronic ticketing system; b) paperless complaint filing; c) cloud storage for backup; and d) SMS notification for complaints. Continue reading ARTA launches e-ARTA Complaints Management System
Duterte Administration assures utmost effort in mitigating the impact of the Ukraine-Russia Conflict
DOF Secretary Dominguez assures that the Duterte Administration is closely monitoring developments and is doing its utmost to mitigate the impact of oil and food price increases amidst the ongoing Ukraine-Russia conflict.
During the 2022 Philippine Economic Briefing (PEB), Sec. Dominguez reported the Duterte Administration’s socio-economic reforms over the past six years, including the government’s effort to accelerate economic recovery amid the COVID-19 pandemic. Continue reading Duterte Administration assures utmost effort in mitigating the impact of the Ukraine-Russia Conflict
PHILEXPORT at the forefront for legislative agenda at the 19th Congress
The Philippine Exporters Confederation, Inc. (PHILEXPORT) President Sergio Ortiz-Luis, Jr. reported that the group is at the forefront toward the approval of business and MSME-friendly bills in the 19th Congress, including the Magna Carta for MSMEs; Amendments of the Philippine Ports Authority Charter; Open Access in Data Transmission Act; International Maritime Trade Competitiveness Act; National Quality Infrastructure and Other Agriculture-related bills. Continue reading PHILEXPORT at the forefront for legislative agenda at the 19th Congress
PRRD ratifies Public Service Act amendment
President Rodrigo Roa Duterte ratified the Public Service Act (PSA) amendment during the ceremonial signing of the law in Malacañang on Monday, 21 March 2022.
This amendment will generate more jobs and lower business costs in the country. The definition of public utilities is limited to industries such as the distribution and transmission of electricity, petroleum and petroleum products, pipeline transmission systems, water pipeline distribution, wastewater pipeline systems, seaports, and public utility vehicles. The above mentioned are the only industries subjected to the 40-percent foreign ownership restriction on public utilities as mandated by the 1987 Constitution. Continue reading PRRD ratifies Public Service Act amendment
PH gears up the ATA Carnet implementation to boost economic recovery
The Philippines gears up the ATA Carnet implementation to boost economic recovery. The Carnet System grants temporary admission of goods with relief from duties and taxes, simplifying Customs processes. It will particularly benefit the industries in the Tourism Sector, i.e., Meetings, Incentives, Conferences, and Exhibitions (MICE), in cost reduction and simplification of processes for ease of doing business.
The Bureau of Customs (BOC) issued the rules and regulations implementing the system, including the National Issuing and Guaranteeing Association (NIGA) appointment and its duties through CAO 2-2022. Guidelines on the temporary admission include the, i.e., validity period, security and issuance of the Carnets, guarantee and liability of the appointed NIGA, re-exportation rules, payment of claim and refund, goods eligible, and termination of temporary admission following the mandates under the Istanbul Convention.
Continue reading PH gears up the ATA Carnet implementation to boost economic recovery
PH export continues the bullish trend in 2022
The PH export performance continues to grow from the previous year to the early quarter of 2022. January 2022 exports increased by 8.9%, amounting to USD 6.04B from USD 5.55B in January 2021.
Electronics leads the top five export products, which contributed about US$3.50B with a 58 % share of the total goods in January 2022. Followed by other manufactured goods with 7.5%, Cathodes & Sections of Cathodes with 3.8%, Coconut oil with 3.0%, Ignition wiring sets and other wiring sets used in vehicles, aircraft, and ships at 2.9% share. Continue reading PH export continues the bullish trend in 2022
Zero Backlog Policy, Paigtingin! 3-7-20, Laging Sundin!
ARTA is the government agency mandated to administer, implement, and monitor compliance with the national policy on anti-red tape and the “Ease of Doing Business and Efficient Government Service Delivery Act of 2018”.
The strengthened version of the law aims to facilitate prompt actions or resolutions of all government transactions. It applies to all government offices, agencies, and other government instrumentalities, whether located in the Philippines or abroad. Continue reading Zero Backlog Policy, Paigtingin! 3-7-20, Laging Sundin!