The Department of Trade and Industry is set to launch a National Halal strategy, which aims to generate P230 billion worth of investments in five years.
“Halal as a way of life is not only for the Muslims. It is increasingly being recognized by many non-Muslim consumers worldwide because of ethical considerations, hygiene, fair trade, and just financing,” Trade Secretary Alfredo Pascual said in a statement.MANILA, Philippines — The Department of Trade and Industry is set to launch a National Halal strategy, which aims to generate P230 billion worth of investments in five years.
“The Philippines plans to expand its participation in the halal economy by being more active in this multitrillion US-dollar industry that is growing at a rapid pace,” Pascual said. Pascual said the halal industry forms part of the DTI’s four priorities particularly promoting regional development; attaining food security; upgrading, upskilling and upsizing micro, small and medium enterprises; and enabling job skills matching and skills upgrading.
“This partnership will create jobs through social entrepreneurship and local tourism, train entrepreneurs, and revive the country’s creative sector,” the DTI said. Philippine National Bank is raising over P10 billion via the sale of close to 100 properties in Luzon, Visayas and Mindanao next month.
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