Latest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
The Federation of Philippine Industries is backing the Department of Trade and Industry’s probe on determining the impact of increased importation of cements in recent years to the local cement manufacturing sector.“ FPI sees this action as a necessary response to the pressures and potential harm to the local industry posed by the surge of imported cement,” said FPI chairman Jesus Aranza in a statement.Trade Secretary Ma. Cristina Roque’s issued a notice, pursuant to Section 6 of Republic Act No.
The probe was triggered by several factors, including the continuous increase in cement imports from 2019 to 2023 —in 2020, it grew at 10%; in 2021 at 17%; and at 5% in 2023– and share of cement imports grew from 30% in 2019 to 47% in 2023 and 51% in January to June 2024.The Trade Department also took note of the domestic cement industry’s sales decline from P79 billion in 2019 to P64 billion in 2023.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Business group backs DTI’s probe on cement dumpingThe Federation of Philippine Industries (FPI) expressed support for Department of Trade and Industry (DTI) Secretary Cristina Roque’s decision to launch a
Read more »
DOST, DTI & DICT join forces for Philippine Startup Week 2024 to Ignite Filipino InnovationThe Innovative Startup Act (ISA) Steering Committee led by the Department of Science and Technology (DOST), the Department of Trade and Industry (DTI),
Read more »
DTI eyeing trade opportunities with Sirius, LuLu GroupThe Department of Trade and Industry (DTI) met with conglomerates Sirius International Holding and Lulu Group International during a trade mission to the
Read more »
Buy Noche Buena items early - supermarket groupLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »
P1.9B worth of dried tobacco, fake goods seized in BulacanLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »
Nika gathers strength, moves westwardLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »