Latest news with #CristinaRoque
GMA Network
18 hours ago
- Business
- GMA Network
DTI says prices of select school supplies down from 2024 levels
Prices of select school supplies have dropped from levels seen a year ago due to lower costs of production and raw materials, the Department of Trade and Industry (DTI) said over the weekend, with two weeks to go before the school year officially starts. According to the DTI, the agency has monitored some 29 items that have recorded price declines of P1 to P10 from their 2024 prices, including notebooks, pad papers, and pencils, among others. 'Siguro 'yung cost of production nila bumaba rin tsaka 'yung mga raw materials. Iilan ilan lang 'yung tumaas,' he said in Vonne Aquino's report on GMA's '24 Oras Weekend' on Sunday. (Maybe their cost of production decreased, along with the prices of raw materials. Just a few posted increases.) This comes as DTI officials over the weekend conducted monitoring of sales of school supplies in Divisoria and in malls, ahead of the opening of the school year on June 16, 2025. Monitoring found that sellers have followed the DTI price guide, which covers 195 stock keeping units (SKUs) in 12 categories based on consultations with manufacturers. Trade Secretary Cristina Roque on Sunday also assured that prices of basic goods, including those usually being brought by students to school as snacks, remain unchanged. 'These still no price increases for basic necessities and prime commodities,' she said in the same report.— Jon Viktor D. Cabuenas/BM, GMA Integrated News
GMA Network
3 days ago
- Business
- GMA Network
DTI releases price guide for school supplies ahead of S.Y. 2025
The Department of Trade and Industry (DTI) on Friday released the price guide for school supplies in time for the upcoming school year opening in June. The department said prices of some items have been reduced to provide affordable options for parents and students. 'This 2025 price guide covers 195 stock keeping units (SKUs) across 12 product categories. Notably, 29 items have seen decreased prices compared to the previous year, with reductions ranging from PHP 1.00 to PHP 10.00,' the DTI said in a statement. The prices for four SKUs of notebook were cut between P5.00 to P10.00; for 24 SKUs of pad paper, prices have been slashed between P1.00 to P6.00; and a piece of pencil is now cheaper by P5.00. Hence, notebooks are priced from P15.00 to P52.00, pad paper ranges from P15.00 to P48.75, and pencils cost P11.00 to P24.00. Meanwhile, the price of SKUs for ballpens, erasers, and sharpeners remain unchanged. Pens are available from P3.00 to P33.00, sharpeners are priced at P15.00 to P69.00, and erasers remain priced at P4.50 to P20.00. Other school supplies like crayons, in various box sizes, range between P12.00 to P114.00. Rulers can be bought at P16.00 to P39.00. The DTI reminds the public to be careful when purchasing school supplies. Consumers must check the product labels, the number of leaves in notebooks and pad papers, among others. 'Every peso counts for Filipino families, especially during back-to-school season. This price guide is a promise that under this administration, no learner is left behind. We want every child, regardless of background, to step into the classroom with pride and readiness, and every parent to feel that the government is walking alongside them,' said Secretary Cristina Roque. — BAP, GMA Integrated News
Yahoo
7 days ago
- Business
- Yahoo
South Korean Lotteria set to expand into Philippines market
Lotteria, a South Korean fast-food chain, is planning to establish a presence in the Philippines market. The news was disclosed by the Philippine Department of Trade and Industry (DTI). Discussions took place on 16 May in Seoul between Trade Secretary Cristina Roque and representatives from Lotte GRS and other South Korean conglomerates, the Philippine Star reported citing the DTI. The talks focused on the conglomerates' investment and expansion strategies in the Philippines, with an emphasis on food service, franchising, and retail sectors. The companies are considering various investment avenues such as joint ventures, master franchise agreements, and operations tailored to the local market. Lotte GRS, the restaurant service division of Lotte Group, is specifically gearing up to introduce its brand, Lotteria, in the country. Over the next five year, the company aims to open a minimum of 30 stores. The newspaper quoted DTI as saying: 'This initiative has strong focus on local sourcing and workforce development. Additionally, other companies revealed plans to roll out modern convenience store models designed to meet the demands of consumers in the Philippines. A commitment was made to predominantly source products locally; more than 95% of items sold in their international outlets are procured from within the host nation. The dialogue also encompassed strategies for incorporating digital commerce solutions and enhancing last-mile delivery capabilities. Beyond food service and retail endeavours, South Korean entities are investigating prospects for restaurant growth and establishing import-export networks for Philippine agricultural and seafood commodities. A recent partnership has led to one company's announcement that it will open its inaugural outlet in Manila by August 2025. In August of the previous year, Aniai, a New York-based robotic kitchen startup, installed 15 hamburger grill robots across various burger chains in South Korea, including in Lotteria locations. "South Korean Lotteria set to expand into Philippines market" was originally created and published by Verdict Food Service, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Free Malaysia Today
23-05-2025
- Business
- Free Malaysia Today
Marcos keeps Philippine economic team, replaces top diplomat
Philippine President Ferdinand Marcos Jr retained his economic managers in a sign of policy continuity. (EPA Images pic) MANILA : Philippine President Ferdinand Marcos Jr retained his economic managers in a sign of policy continuity amid a cabinet shakeup, while replacing his top diplomat as tensions with China linger. Finance secretary Ralph Recto and special assistant to the president for investment and economic affairs Frederick Go will keep their posts, executive secretary Lucas Bersamin said in a briefing today. The ministers for trade, economic planning and budget will also stay on, he said. Marcos decided to keep his economic team 'to enhance our economy in the eyes of the outside world and here in the Philippines', Bersamin said. Keeping his economic team intact should help ease any investor concern about Marcos' unexpected move yesterday when he asked his entire cabinet to resign. There were worries the revamp could be disruptive to an economy that's facing global risks with US tariff talks underway for most nations. Manila's main stock index rose 1.7% today. The fate of the ministers managing the economy was being closely watched, after slower-than-expected growth in the first quarter. Marcos' call followed a drop in his popularity and his candidates' underwhelming performance in the midterm senate election last week. The retention of Go and trade secretary Cristina Roque will also help sustain Manila's efforts to lobby for lower US tariffs, after their recent talks with American officials. Meanwhile, the Philippine leader named veteran diplomat Maria-Theresa Lazaro as the new foreign affairs secretary, replacing Enrique Manalo. Lazaro has represented the Philippines in talks with Beijing on the South China Sea dispute. Lazaro's appointment comes shortly after tensions with China in the contested waters flared anew, with Manila accusing Beijing of once again using water cannon. The Philippines under Marcos has asserted its claims to the resource-rich waterway, while strengthening security ties with the US. Marcos also transferred energy secretary Raphael Lotilla to helm the environment department. Outgoing top envoy Manalo will become the country's permanent representative to the United Nations.
Nikkei Asia
22-05-2025
- Business
- Nikkei Asia
Philippines and Google in talks about data center, minister says
TOKYO -- Google is considering setting up a data center in the Philippines, according to the government of the Southeast Asian country, which is seeking to ramp up its digital infrastructure. Cristina Roque said her government was showing the IT giant potential city locations, in an interview with Nikkei Asia on Tuesday when she was secretary of trade and industry. "Google wants to establish a location in the Philippines," she said. "They want to open something big."
