The Department of Trade and Industry has earmarked a total of P21 million—P8 million in 2012 and P13 million in 2013—for its Local and Regional Economic Development program to promote competitiveness in local government units in Luzon and Mindanao.
LRED is a participative process by which stakeholders from both public and private sectors are mobilized to become partners in a joint effort to improve the economy of a locality and increase its competitiveness.
Trade Undersecretary Merly Cruz said that the department is intensifying the upscaling of LRED to make the business environment in the two regions more favorable for small enterprises nationwide. The program may have played a part in the rise in the competitiveness index of 71 percent of LGUs recently surveyed in the Visayas.
“This development, when replicated more broadly across the country, can have greater positive impact in the now-improving Philippine competitiveness ranking globally,” Cruz said.
The DTI and the Deutsche Gesellschaft fur Internationale Zusammenarbeit (GIZ), a German cooperation services provider for sustainable development, has been implementing the LRED approach among 84 LGUs in the Visayas for the past eight years.
In 2003, the Philippine government, in partnership with the German Technical Cooperation (GTZ) on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ), initiated PSP SMEDSEP, a private sector promotion program to create a more favorable business environment for SMEs in the Visayas. — BM, GMA News
July 2025
Nutrition Month
“Give us much more than P50 increase
for proper nutrition!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.
Accept National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideosturesVideos
July
3 July – International Day of Cooperatives
3 July – International Plastic Bag Free Day
5 July – World Youth Skills Day
7 July – Global Forgiveness Day
11 July – World Population Day
17 July – World Day for International Justice
28 July – World Nature Conservation Day
30 July – World Day against Trafficking in Persons
Monthly Observances:
Schools Safety Month
Nutrition Month
National Disaster Consciousness Month
Weekly Observances:
Week 2: Cultural Communities Week
Micro, Small, and Medium Enterprise
Development Week
Week 3: National Science and
Technology Week
National Disability Prevention and
Rehabilitation Week
July 1-7:
National Culture Consciousness Week
July 13-19:
Philippines Business Week
Week ending last Saturday of July:
Arbor Week
Daily Observances:
First Saturday of July:
International Cooperative Day
in the Philippines
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