Articles worth reading
Department of Science and Technology (DOST)

DOST designs wind hazard maps 

account_balanceMetro Manila access_time4 days ago

Severe wind hazard maps and local wind hazard maps designed for 78 provinces and 41 provinces, respectively, may be used by the local government units (LGUs) in 2021, an official from the Department of Science and Technology (DOST) said Thursday. Th...

Taguig-Pateros District Hospital / Google Maps

Taguig-Pateros District Hospital promotes telemedicine 

account_balancePateros access_time4 days ago

The Taguig-Pateros District Hospital (TPDH) in Western Bicutan, Taguig apologized to the public over the long line of patients waiting to be attended to by the medical staff. The hospital congestion is reportedly due to patients showing symptoms of ...

3.8 million deposit accounts created under SAP program

account_balanceMetro Manila access_time4 days ago

Bangko Sentral ng Pilipinas’ (BSP) executives are confident of having 70 percent of the adult population part of the formal financial system by 2023 after basic deposit accounts rose since the enhanced community quarantine.   In a virtual ...

Metro News

 Department of Trade and Industry (DTI)

DTI imposes P10 safeguard duty on imported cement

account_balanceMetro News account_circleJake Cruz chat_bubble_outline0 Comments

Imported cement will become more expensive after the Department of Trade and Industry (DTI) decided to impose a definitive safeguard duty of P250 per metric ton or P10 per 40-kilogram bag on the foreign shipments of cement this year.

DTI said it is in the public interest to impose the definitive safeguard measure as the agency is mandated by Republic Act No. 8800 (The Safeguard Measures Act) to protect the domestic industry from serious injury caused by a surge in imports.

Pursuant to Section 18 of RA 8800, the amount of safeguard duty will be reduced to P9 per 40kg bag for the second year and to P8 per 40kg bag for the third year. A yearly review will be conducted to determine the appropriateness of the safeguard duty, it said.

The Tariff Commission earlier recommended the application of a definitive general safeguard measure of P297 per MT or P12 per 40kg bag on imported cement to prevent the occurrence of the threat of serious injury.

TC also recommended that the definitive safeguard measure be applied for a period of three years, starting from the date that the provisional measures took effect in accordance with Rule 8.7 of the IRRs of RA No. 8800.

DTI said it took into account public interest in the decision whether to impose safeguard measures and considered other factors that will assist the local industry and will benefit the consumers and end users.

The safeguard level aims to minimize the impact to prices for buyers and users while addressing the industry injury issue, while still encouraging local manufacturers to continuously pursue efficiencies to be more globally competitive.

DTI said while it is mandated to protect consumers, there is a need to balance this taking into account other sectors such as investors and industry which provide employment to Filipinos.

“There is also a need to moderate imports to balance trade. If local manufacturers can adequately supply domestic requirements, they need to be provided a level playing field to enable them to compete with imports. This will allow expansion of the country’s manufacturing base and generate more jobs for Filipinos,” it said.

“Further, users of cement retain their option to choose between the local and imported cement since imports will still be allowed. The imposition of a safeguard measure is not expected to cause a shortage of cement in the domestic market considering that the cement manufacturers have sufficient capacity to meet domestic demand,” the agency said.

date_rangeDate Published
11 months ago
shareShare article
folder_openArticle tags
content_copyCategorized under

Share your thoughts with us

Related Articles

Manila City Mayor Isko Moreno

Manila's isolation facilities nearly full

account_balanceManila chrome_reader_mode2 days ago

Mayor Francisco “Isko Moreno” Domagoso said all of Manila’s isolation facilities for those afflicted with the coronavirus disease 2019 are nearing their limit. The mayor broke the sad news, as he reiterated calls for “kusang ...

QC site to test Grab drivers, delivery-partners for virus

account_balanceMetro Manila chrome_reader_mode5 days ago

Grab Philippines, the National Taskforce on COVID-19 and the Bases Conversion and Development Authority (BCDA) launched a RT-PCR testing site for the company’s driver- and delivery-partners in Metro Manila. The testing site is located in Quezo...

Caloocan to place Barangay 142 under lockdown 

account_balanceCaloocan chrome_reader_mode4 days ago

Caloocan City will place Barangay 142 under total lockdown because of the increasing Covid-19 cases in the area. The lockdown will begin at 12:01 a.m. of August 1 until 11:59 of August 7. So far, the said barangay has 28 confirmed COVID-19 cases, a...

Senate President Pro-Tempore Ralph Recto

Senator wants third-party review of DOH data

account_balanceMetro Manila chrome_reader_mode4 days ago

Senate President Pro-Tempore Ralph Recto said the more than 37,000 asymptomatic and mild COVID-19 cases retagged as recoveries by the Department of Health (DOH) in just a day should be carefully validated by a third-party. "I will not rush to c...

Senator wants frontliners to receive regular salaries

account_balanceMetro Manila chrome_reader_mode5 days ago

Senate President Pro Tempore Ralph Recto ask the government to regularize and promote frontliners as their reward in leading the country’s fight against the Covid-19 pandemic. “How can the government reward medical frontliners? Let us co...

Let's Stay Connected Like us on our Facebook page.
Click on the article to continue reading
Taguig-Pateros District Hospital promotes telemedicine Metro Manila remains under GCQ Modular learning preferred over online lessons MMDA to resume Pasig River ferry service Task force prepares to buy 60 million vaccine doses Filipinos told to wear face shields Send Press Release MNC Facebook Page MNC Twitter Page MNC Instagram Page LGU Spotlight Barangay Front Business Sports Entertainment Metro Gen Metro Feature