The government is wooing companies from richer Asian neighbors to invest in local facilities and bridge gaps in the country’s auto manufacturing supply chain, allowing the Philippines to build and export more cars.
The prices of basic commodities stayed generally stable and within the suggested retail price, the Department of Trade and Industry (DTI) said Thursday.
The devastating monsoon rains that paralyzed most of Luzon and parts of the Visayas this week are seen to cause a disruption in the supply of some agricultural products and, therefore, a temporary spike in food prices.
The Department of Trade and Industry expects trade with Japan, the country’s top export destination in June, to start normalizing within the second semester, as the electronics sector begins to recover from the Japan crisis. In a statement Friday, Trade Undersecretary Adrian Cristobal Jr. said the effects of the March 11 Japan disaster on the [...]
