Announcements

Economy

· Exports growth surges 24.4% · Forex reserves down to $79.8Bn · Government spends P208.45Bn for debt payment · Above 7% PH growth hard to meet · Fast-tracking of foreign inves

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Business

· FDI rose in January due to positive sentiment · Manufacturing growth eases in February · More firms to raise funds from bond market · Foreign chambers urge government to address t

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Infrastracture

· PH gets Category 1 aviation safety upgrade · PPP winner to comply with ‘due process’

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Company News

· Cosco Capital posts strong growth in 2013 · ICTSI allots $130Mn for project in Iraq · ALI boosts hotel portfolio in Metro Manila · Meralco posts lower profits in 1Q · CIC to

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Congresswatch

· Congress realigns P21Bn PDAF

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Events

Joint Foreign Chambers Energy Forum with Hon. Carlos Jericho Petilla Secretary Department of Energy

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ANZAC DAY 2014

The Australian and New Zealand Embassies will again jointly host the 99th ANZAC Day dawn service commemoration in Manila.

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Meetings

The Joint Foreign Chambers (JFC) recently held a meeting with Department of Tourism Secretary Mon Jimenez on April 10, Thursday, 10:00 am in Makati City.

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Business Updates

Lawmakers under pressure as 16th Congress resumes

The 16th Congress will open its second regular session with lawmakers facing intense pressure to approve landmark legislation amid moves to amend the Constitution and impeac

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Noy signs law on cigarette pack warnings, entry of foreign bank

Heavy smoker President Aquino has signed five bills into law, including one that requires the graphic health warnings on cigarette packs. Aquino, a heavy smoker, will now have to contend with Repub

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Typhoon to cut GDP growth in Q3

Typhoon “Glenda” likely shaved at least P7.8 billion to as much as P10 billion off the country’s third-quarter economic output a day in terms of property damage as well as business and consumpti

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Economy and asset reform: The good news and the bad

The Aquino administration may have aligned their gears right after the economy grew by a faster-than-expected 7.8% in the first quarter, continuing the strong 6.8% expansion in end-2012, although this

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High Unemployment Makes Wage Raise Meaningless

A government think tank-Philippine Institute for Development Studies- said raising wages will not necessarily help in poverty reduction. It added that wages in the Philippines will continue to be l

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P-Noy: Economy truly taking off

President Aquino, delivering his fifth State of the Nation Address (SONA) before a joint session of Congress on Monday, asserted that the Philippine economy is “truly taking off” with barely two y

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Australian Embassy holds dialogue on Philippines Freedom of Information (FOI) Act

“Just like the Philippines Government, the Australian Government considers the people’s right to information of utmost importance,” said Australian Ambassador Bill Tweddell at a dialogue held at

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Investor Protection

Finally a body that will protect investors against unscrupulous and power-tripping Philippine government officials and employees who delay the natural flow of the investment process, particularly in p

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