DOLE Gears Fund on Workers’ Skills Upgrade Projects

The Department of Labor and Employment (DOLE) gears to grant funds to enterprises focused on upskilling their workers’ capabilities.  

Relative to this DOLE, under the leadership of Sec. Bienvenido Laguesma issued Department Order 241, Series of 2024, the “Implementing Guidelines of the DOLE Adjustment Measures Program (DOLE-AMP) for Workers and Enterprises”. The program aims to boost human resources and achieve decent and sustainable work, benefitting workers’ productivity with improved and upgraded skills. Also, it financially supports enterprises that are up to reskill and upskill their employees to make them agile.

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PBBM appoints former Batangas Solon as new DOF Secretary

President Ferdinand Marcos Jr appointed former Batangas Representative Ralph Recto as the new Department of Finance (DOF) Secretary, vice Benjamin Diokno, on 12 January 2024. 

The new DOF chief highlighted the need to build robust economic fundamentals made by his predecessors. He emphasized the need for reforms on the following e.g., Retail Trade Liberalization Act (RTL), the Foreign Investments Act (FIA), and the Public Services Act (PSA), which are all expected to increase investments in infrastructure, industry, and services aimed to reach P4.3 trillion in revenues to produce more employment and social services in 2024. 

Concurrently, Sec. Recto also serves as a member of the Export Development Council (EDC), championing export development in the country. JVL

PBBM inks the Ease of Paying Taxes Act

President Ferdinand Marcos Jr. has officially signed the Republic Act No. 11976, also known as the Ease of Paying Taxes Act, into law. This legislation aims to enhance government revenue collection by implementing digitalization initiatives. It introduced administrative tax reforms and amended various sections of the National Internal Revenue Code of 1997. Additionally, it modernizes the Philippine taxation system by adopting best practices and replacing outdated procedures.

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Philippines Ranks 2nd among ASEAN on Digital and Sustainable Trade Facilitation

Philippines ranks second-best among Southeast Asian (ASEAN) countries in the 2023 United Nations Global Survey on Digital and Sustainable Trade Facilitation, scoring 87.10%. The Bureau of Customs (BOC) had set a significant milestone in transforming the BOC into a world-class customs agency in modernizing customs administration and improving trade facilitation. 

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DTI-PTTC Leads Trainings for Nation Building Program

The Training for Nation Building Program, organized by the Department of Trade and Industry’s Philippine Trade Training Center (DTI-PTTC), encompasses a range of training initiatives designed to assist MSMEs as well as emerging entrepreneurs. 

PTTC–Global MSME Academy, serving as the training arm of DTI, is dedicated to delivering extensive training and capacity-building programs. These initiatives are designed to foster MSMEs’ development, growth, and innovation. Throughout its existence, PTTC-GMEA has been a leader in providing growth-oriented MSMEs with essential skills and knowledge. Doing so empowers them to attain global entrepreneurial excellence, positioning them at the forefront of the international business landscape.

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NEW 2023 highlights “Agile Philippines: Empowering Exporters towards Global Excellence”

The Department of Trade Industry – Export Marketing Bureau (DTI-EMB), in collaboration with the Export Development Council (EDC) and the Philippine Exporters Confederation Inc. (PHILEXPORT), altogether led the celebration of the 26th edition of the National Exporters’ Week 2023, with the theme, “Agile Philippines: Empowering Exporters towards Global Excellence.” This year’s theme highlights the importance of developing and capacitating exporters to be agile and resilient amidst a volatile, uncertain, complex, and ambiguous (VUCA) world so that our exporters and our export industry can achieve global excellence and recognition.

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Empowering Women Across Borders

To empower women across borders” was the common objective during the meeting hosted by Alyansa Agrikultura on 11 December 2023, which involves the Women’s Business Council Philippines, Inc (WBC) seeking support for the Pambansang Koalisyon ng Kababaihan sa Kanayunan (PKKK) (also known as the National Rural Women’s Coalition).“T

WBC Philippines, comprised of leading women business leaders and entrepreneurs, supported the PKKK, a coalition of 426 organizations in 42 provinces.

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DTI signs MOU supporting the MSME Halal Industry Development

The Department of Trade and Industry (DTI) Secretary Alfredo E. Pascual signed the Memorandum of Understanding (MOU) with the DK P.O. Fulfillment Company Inc. (DKPOFCI) to assist the local Halal Industry, specifically the Micro, Small and Medium Enterprises (MSMEs) in the country for non-interest-based financing opportunities for MSMEs on 16 October 2023 at Kingsford Hotel, Parañaque, Manila.

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