The Board of Investments, the investment promotion agency of the DTI, awarded the Green Lane certificate of endorsement to SteelAsia chairman and chief executive Benjamin Yao on Sept. 15, 2023.
The project is expected to start operating by July 2024 and employ 600 personnel and workers from the Lemery and nearby areas. The Lemery plant will be the country’s first steel beam manufacturing facility, with a capacity of producing 1.1 million tons of steel products annually. Asia’s largest steel conglomerate has several ongoing projects that will buttress its position as the foremost manufacturer and supplier of steel in the region.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
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.
House approves DoST, DTI budgetsTHE House of Representatives approved the budgets of the Department of Science and Technology (DoST) and the Department of Trade and Industry (DTI) at the plenary on Wednesday.A few lawmakers interpellated on the budget of the DoST, with some calling for an increase on some of its divisions and bureaus, as well as research initiatives.Samar Second District Rep. Reynolds Michael Tan said an increase on the budget of the National Research Council of the Philippines (NRCP) is 'important' to catalyze the country's innovation among local government units.Currently, the NRCP has a budget of around P163 million under the 2024 Budget, lower than the P372 million proposed by the DoST.'It is our duty as lawmakers to channel capacity building to our constituents as thy receive the tools, knowledge and framework they need to survive.' Tan said in his interpellation.Kabataan Party-list Rep. Raoul Danniel Manuel also called for the restoration of the funds that were cut from the NRCP, Philippine Science High School system, and the National Academy of Science and Technology.'If the country wants to have a genuine and strong national industries, Science and Technology has the vital role to do that,' Manuel said.The DoST is proposing a P25.9 billion budget for 2024.Meanwhile, at the DTI plenary debate, sponsor and Pangasinan 4th District Rep. Christopher de Venecia said the reduction of the DTI's proposed P21 billion budget to P7.9 billion will 'negatively impact implementation of seven laws' under the department.These are the Safeguard Measures Act, Philippine Creative Industries Act, Internet Transactions Act, Philippine E-Commerce Act, and the Vaporized Nicotine And Electronic Tobacco Products Regulation Act, among others.'It would also have a negative effect on the projects of the Agency which includes the implementation of the Shared Services Facilities, opening of new posts in countries with strong potential for the Philippines to increase its bilateral investment opportunitie
Source: TheManilaTimes - 🏆 2. / 92 Read more »
Batangas, Imus rout MPBL foesBatangas and Imus trounced also-ran opponents on Monday to rev up their drive toward better placings in the coming playoffs
Source: MlaStandard - 🏆 20. / 55 Read more »
Gunrunner nabbed in Batangas buy-bustSAN JUAN, Batangas – Police arrested a suspected gunrunner in an entrapment operation in Barangay Poblacion, this town, on Wednesday morning, September 20.
Source: manilabulletin - 🏆 25. / 51 Read more »
2 drivers nabbed in Tanauan City drug stingTANAUAN CITY, Batangas – Police arrested two drivers in a buy-bust operation in Soledad Park, Barangay Darasa, this city, on Tuesday, September 19.
Source: manilabulletin - 🏆 25. / 51 Read more »
‘Supply woes prevent PHL from hiking fruit exports to China’ • Andrea E. San JuanManila and local producers should address “supply side issues” and “capacity constraints” to enable exporters of durian and calamansi juice to increase their market share in China, according to Department of Trade and Industry (DTI) officials. Trade Undersecretary for the Industry Development Group (IDG) Ceferino S. Rodolfo also said 15 Philippine exhibitors who joined the
Source: BusinessMirror - 🏆 19. / 59 Read more »
South Korea empowers Phil. cities vs. climate challenges • BusinessMirrorSOUTH KOREA’S government will boost some Philippine cities’ climate resilience by enhancing their capacity to understand and use climate-adaptation technology. A signing event formalized the launch of the “Philippine Climate Resilient Cities (PCRC)” project through the Korea International Cooperation Agency (Koica) and the city governments of Batangas, Legazpi, Iloilo, Borongan, Cotabato and Zamboanga. The South
Source: BusinessMirror - 🏆 19. / 59 Read more »