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Republic Cement expects strong growth in the Philippines

Republic Cement expects strong growth in the Philippines
Written by Global Cement staff
30 April 2021
Philippines: Republic Cement has said that it expects the cement sector in the Philippines to grow strongly in 2021 following a 10% decline in demand in 2020. Speaking to local press, the company’s president and chief executive officer Nabil Francis said that the drop in demand in 2020 was actually less severe than the expected 15%. He added, “We strongly believe that we will get back to 2019 level in 2021. That means 12% growth compared to 2020.” Francis added that the industry is expected to sell 35Mt of cement during 2021. The main driver is the bagged cement segment, with infrastructure and the non-residential, likely to grow less rapidly. ....

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Vietnamese cement dumping reportedly continues in spite of safeguard duty in the Philippines

Vietnamese cement dumping reportedly continues in spite of safeguard duty in the Philippines
Written by Global Cement staff
26 April 2021
Philippines: The Department of Trade and Industry (DTI) has launched a probe into the possible imposition of a new anti-dumping duty on imports of cement from Vietnam. The Philippine Star newspaper has reported that Vietnamese cement continues to enter the Philippine market at allegedly dumped prices despite the DTI’s safeguard measures on the product. The DTI is authorised to investigate where prices are believed to be harmful to the domestic industry. Cemex Philippines, Holcim Philippines and Republic Cement have applied for a probe. ....

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Business confidence in Central Luzon continues to surge in 2021

SunStar
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April 21, 2021
BUSINESS confidence in Central Luzon continues to surge as Department of Trade and Industry (DTI) reported a total of 29,619 Business Name Registrations (BNRs) from January to March 2021.
“Despite the ongoing pandemic, businesses and investors in the region continue to show optimism and dynamism with this upward trend. The figure we have now is 6.6 percent higher compared to the 27,773 BNR processes in the same quarter last year,” DTI OIC-Regional Director Leonila Baluyut said.
Of the 29,619 BNRs tallied, 26,012 are new business name registrations while only 3,607 are renewals.
Among the provinces in the region, Bulacan registered the most number of business names with 6,832. This was followed by Pampanga with 5,051 registrations; Nueva Ecija – 4,662; Bataan – 4,235 ; Tarlac – 3,972; Zambales – 3,614; and Aurora – 1,253. ....

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Duterte approves DTI request to help potential local vaccine makers

Duterte approves DTI request to help potential local vaccine makers
By JOAHNA LEI CASILAO, GMA News
Published April 15, 2021 10:26pm
Updated April 15, 2021 10:47pm
President Rodrigo Duterte on Thursday evening urged officials to heed the request of the Department of Trade and Industry (DTI) to extend assistance to potential local vaccine makers in the country.
In a briefing, DTI Secretary Ramon Lopez said the government started talking to companies that may manufacture COVID-19 vaccines.
“Syempre dito po kausapin natin ang DOH at FDA, pag dating ho sa magkaroon lamang ng mabilis na processing, Greenlane on getting government permits,” Lopez said.
(Of course at this point we shall be talking with the DOH and FDA to facilitate the speedy processing, greenlane on getting government permits.) ....

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Philippines Department of Trade and Industry adds further countries to safeguard measures list

Philippines Department of Trade and Industry adds further countries to safeguard measures list ....

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