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‘Growth a rating strength for the Philippines’ Debt watcher Fitch Ratings affirmed the Philippines’ “BBB-“ minimum investment grade rating, as well as its positive outlook, but warned it will be watching the impact of the government’s anti-illegal drugs program on the overall economy. Fitch offered neither an upgrade nor warned…

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Finance Secretary Carlos Dominguez 3rd said the latest positive outlook on the Philippines by Fitch Ratings is proof enough that the “political noise” surrounding the Duterte administration’s reform agenda and tough anti-drugs war has failed to damage the country’s growth story. The investor relations unit of the central bank said…

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The Japan International Cooperation Agency (JICA) and the National Economic and Development Authority (NEDA) signed on Thursday a P340-million grant to boost and stabilize electricity supply in conflict areas in Mindanao. The grant aid will fund the “Project for Improvement of Equipment for Power Distribution in Bangsamoro, “primarily to upgrade…

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JAPAN will likely finance through official development assistance (ODA) three major transportation projects in the Philippines, initially estimated at more than $8 billion, the National Economic and Development Authority (NEDA) said on Thursday. Fourteen projects have been discussed in the first meeting of the Philippines-Japan Joint Committee on Infrastructure Development…

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THE 2017 Manila International Auto Show (MIAS) opened Thursday amid widespread uncertainty about the impact of the proposed increase in the vehicle excise tax on what is otherwise a rapidly growing market for cars and trucks. Some two dozen auto brands were represented at the show, along with heavy trucks,…

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THE Philippine Competition Commission (PCC) has recommended some measures to make the National Broadband Plan (NBP) more effective, including imposing higher penalties on erring telco players and removing government regulations that restrict healthy competition in the industry. The NBP aims to upgrade the quality of broadband services in the country,…

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THE government on Thursday vowed to ensure reasonable retail prices, especially in industries with tight competition. Department of Trade and Industry (DTI) Secretary Ramon Lopez, in response to a letter from the Laban Konsyumer Inc. group, said “DTI will ensure reasonableness in SRP (suggested retail prices), but in industries with…

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MORE than 800 new job positions will be opened in the Bureau of Immigration (BI) after Budget Secretary Benjamin Diokno approved the establishment of a new Port Operations Divisions (POD) to properly monitor the regulation of arrivals and departures of locals and foreigners. Diokno approved the BI’s request on Wednesday,…

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