State spending to underpin growth

November 28, 2015 12:11 am

‘Will play a pivotal role’ in Q4 – Sec. Abad Public spending will further improve in the fourth quarter, a Cabinet official claimed on Friday, in the process boosting full-year economic growth to 6 percent. The run-up to next year’s … Read more »

GSP review on PH labor rights closed

November 28, 2015 12:06 am

THE Office of the United States Trade Representative (USTR) has concluded a review of the Philippines related to labor rights under the Generalized System of Preferences (GSP), noting reforms implemented by the government. “The US acknowledges our initiatives toward creating … Read more »

China stocks plunge sparks sell-off

November 28, 2015 12:01 am

HONG KONG: A plunge in Chinese stocks dragged Asian markets down Friday after authorities launched a probe into several brokerages and profits at the country’s industrial giants sank far more than expected. With Shanghai slumping more than six percent at … Read more »

US law to help improve PH revenue collections

November 28, 2015 12:00 am

Philippine participation in a US tax evasion-detection program will also support domestic revenue collection efforts, a Bureau of Internal Revenue (BIR) official said on Thursday. In particular, local officials will gain a clearer picture of the finances of Filipino citizens … Read more »

PSEi falls ahead of long weekend

November 27, 2015 11:55 pm

The benchmark stock index fell on Friday, tracking regional sell-offs triggered by a plunge in China, profit-taking and continued concerns over a likely US rate hike next month. The Philippine Stock Exchange index (PSEi) lost 136.18 points or 1.93 percent … Read more »

North-South Railways project gets $2-B ODA

November 27, 2015 11:54 pm

THE government has clinched another concessional loan deal from Japan International Cooperation Agency (JICA), involving $2 billion to fund an elevated railway project aimed at decongesting traffic in Metro Manila. Finance Secretary Cesar Purisima and JICA Chief Representative Noriaki Niwa … Read more »

Obsolete orders revoked by DTI

November 27, 2015 11:53 pm

THE Department of Trade and Industry (DTI) has made an inventory of all its official issuances—such as department administrative orders (DAOs), implementing rules and regulations (IRRs), orders and circulars—to eliminate redundancies and simplify procedures. After a thorough review of all … Read more »

Higher tourism spending urged

November 27, 2015 11:52 pm

LEGAZPI, Albay: The government must invest at least P45 billion a year in the Philippine tourism industry for the next 10 years to be able to spur and harness its full potential, Albay Gov. Joey Salceda said. “Right now it’s … Read more »

Sustaining momentum crucial

November 27, 2015 11:51 pm

STOP focusing on the number of foreign tourists visiting the Philippines, and concentrate instead on protecting the environment, Tourism Secretary Ramon Jimenez Jr. told reporters on the sidelines of the Pacific Asia Travel Association (PATA) forum in Legazpi City, Albay … Read more »

RC Cola maker expands capacity, targets Asean

November 27, 2015 11:50 pm

ARC Refreshments Corp. will put up two additional manufacturing plants by 2017 and is also looking at eventually expanding to other Southeast Asian markets, a senior official said on Friday. “We’re only covering 70 percent of the Philippines geographically and … Read more »



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