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Still up from 5.9% in 2015 despite Q4 2016 slowdown Philippine economic growth in the fourth quarter of 2016 likely slowed from the third quarter and the year-earlier rates, most analysts polled by The Manila Times said, but their estimates for the whole of last year still averaged higher than…

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Infrastructure spending grew by 49 percent in November on the back of higher disbursements for road projects, school buildings, state universities and colleges (SUCs) and health facilities, the Department of Budget and Management (DBM) reported over the weekend. The growth in infrastructure and other capital expenditures surged by 49.3 percent…

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A Philippine Cabinet team is set to meet with top-level Chinese officials to finalize the details of $15 billion worth of economic and investment deals reached between Manila and Beijing during President Rodrigo Duterte’s state visit to China last October, the Department of Finance (DoF) said over the weekend. A…

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THE Department of Tourism (DOT) aims to boost tourist arrivals by enticing member countries of the Association of Southeast Asian Nations (Asean) to visit the Philippines. DOT Secretary Wanda Corazon Teo made her pitch over the weekend at the 20th Asean Tourism Ministers meeting of the Asean Tourism Forum in…

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MOSCOW: Russia has cut its oil production by some 100,000 barrels a day, Energy Minister Alexander Novak said Saturday ahead of a key meeting in Vienna. Under a landmark deal in November last year, the OPEC oil cartel agreed to reduce production in order to boost prices. Non-OPEC countries –…

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SAN FRANCISCO: Apple on weekend sued Qualcomm, accusing the California chipmaker of abusing its market power to demand unfair royalties, echoing charges filed days earlier by US antitrust regulators. Tech giant Apple said in the court filing that it has been overcharged “billions of dollars” by its chipmaking partner’s “illegal…

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HANDICRAFT exporters have reiterated their appeal to the government to deregulate certain chemicals used in the manufacture of their products, saying their industry’s survival depends on the availability of these substances. Floro Salinas, proprietor of FNDG Shells and Handicrafts based in Batangas, sought the help of the Philippine Exporters Confederation…

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