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Increased cement imports spur DTI safeguards probe

Business Mirror LogoBusiness Mirror15h ago

Increased cement imports spur DTI safeguards probe - Business Mirror

Quick Summary:

INCREASED imports of cement have prompted the Department of Trade and Industry (DTI) to conduct a preliminary safeguards investigation to determine whether the volume of cement being imported into the Philippines is causing "serious injury” to the local industry.

Employment in the local industry also declined— by 4 percent in 2022, further declining by 6 percent in 2023 and an 8-percent decline in the first half of 2024 compared to the 2023 level.1.

Vietnam further increased its share to total imports at 91 percent in 2020, 93 percent in 2021, 95 percent in 2022 and remained to be the dominant supplier in 2023 with 6.88 million MT or 98 percent share.


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Article Details

Author / Journalist: Andrea E. San Juan

Category: BusinessStartups

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-31 @ 16:07:00 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 713 words

Reading Time: 4 minutes read

Sentences: 19 lines

Sentence Length: 38 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 23351424

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About Business Mirror

Business Mirror Logo

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 72 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 15 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #37

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The story "Increased cement imports spur DTI safeguards probe" was covered 15 hours ago by Business Mirror, a news publisher based in Philippines.

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