Business Updates

ANZAC Day 2017 Dawn Service Announcement

ANZAC Day 2017 Dawn Service Announcement

The Australian and New Zealand embassies will j

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PCC backs bills lifting foreign equity cap on telco, transport

PCC backs bills lifting foreign equity cap on telco, transport

The Philippine Competition Commission (PCC) said yesterday it was supporting initiatives in Congress to amend certain provisions in the 80-year-old Public Service Act (PSA) such as the lifting of the

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PCC: Open construction business to foreigners

PCC: Open construction business to foreigners

The competition watchdog said P210 billion more would be invested in the private sector if the government changed the licensing rules being followed in the construction industry. In a policy note p

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Twin foreign policy developments seen favoring Philippines

Twin foreign policy developments seen favoring Philippines

PRESIDENT Rodrigo R. Duterte’s shift to a “multilateral” foreign policy and the United States’ pullout from the Trans Pacific Partnership (TPP) arrangement that excludes the Philippines ar

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Australian envoy to PH: Fake news ‘a threat to democracy’

Australian envoy to PH: Fake news 'a threat to democracy'

  Australian Ambassador to the Philippines Amanda Gorely denounced fake news as "a threat to democracy," as she praised legitimate journalists for "getting to the truth of stories." "I

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PEZA slates ME investment roadshows in Feb.

PEZA slates ME investment roadshows in Feb.

The Philippine Economic Zone Authority (PEZA) will conduct a series of investment roadshows in the Middle East, promoting investments in at least 60 new economic zones  in preparation for the visit o

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[READ] Sen. Grace Poe’s speech at the Women in Business Breakfast Forum last November 25, 2016

[READ] Sen. Grace Poe's speech at the Women in Business Breakfast Forum last November 25, 2016

"Good morning, everyone. Today, you have asked me to share with this select group my thoughts on women in leadership roles and influencing change. It is often said that the 20th century is the "

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Aussie-NZ commerce exec bats Duterte economic plans

Aussie-NZ commerce exec bats Duterte economic plans

  The president of the Australian-New Zealand Chamber of Commerce Philippines is optimistic on the capability of the Duterte administration to implement programs that would further boost d

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PEZA investments up as locators expand

PEZA investments up as locators expand

Approved investments by the Philippine Economic Zone Authority (PEZA) have gone up to P78 billion as of the first nine months this year as more economic zones are being developed, existing locators co

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Pernia eyes at least 7% growth for PHL economy in Q3 ’16

Pernia eyes at least 7% growth for PHL economy in Q3 ’16

Socioeconomic Planning Secretary Ernesto M. Pernia is optimistic on the sustained expansion of the Philippine economy in the third quarter of 2016 as government spending remain high. “We hope

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Mining clampdown worries investors

Mining clampdown worries investors

MANILA, Philippines – The Department of Environment and Natural Resources (DENR) is sending the wrong signals to investors with its pronouncements seen harming what should be an attractive Phili

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Australia’s TSA expands operations in Philippines

Australia’s TSA expands operations in Philippines

TSA GROUP, one of Australia’s largest business process outsourcing (BPO) firms, on Wednesday opened its second site in the Philippines, marking its AUD$9-million investment in the country’s BP

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Philippines GDP grows 7% in Q2 2016

Philippines GDP grows 7% in Q2 2016

Boosted by a strong start to 2016, the Philippine economy grew 7% in the second quarter of the year. The latest Gross Domestic Product (GDP) figure announced by Socioeconomic Planning Secretary

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Philippine mining turmoil drives nickel prices

Philippine mining turmoil drives nickel prices

Philippine mining companies are keenly awaiting the results of a nationwide government audit of their environmental standards, due for completion by the end of August, with some voicing concern th

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New law lifts foreign ownership limit in adjustment companies

New law lifts foreign ownership limit in adjustment companies

  The Insurance Commission (IC) welcomes the passage and implementation this month of a new law lifting foreign ownership limit in adjustment companies noting that this will make the Phili

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Duterte signs order on Freedom of Information

Duterte signs order on Freedom of Information

  President Rodrigo Duterte has signed an Executive Order mandating full public disclosure of all offices under the executive branch, Communications Secretary Martin Andanar announced Sund

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Decongest Metro Manila immediately, foreign investors plead

Decongest Metro Manila immediately, foreign investors plead

Transport topped the infrastructure wish list of foreign investors, as they called on the government to immediately work on the decongestion of Metro Manila. In a policy note, the Australia-New Zea

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Everest Group Recognizes Teleperformance as an Overall Global Leader in Contact Center Outsourcing

Everest Group Recognizes Teleperformance as an Overall Global Leader in Contact Center Outsourcing

Teleperformance, the worldwide leader in outsourced omnichannel customer experience management, today announced that its strong scores have positioned it as an overall global Leader on the new Everest

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FULL TEXT: Inaugural address of President Rodrigo Duterte

FULL TEXT: Inaugural address of President Rodrigo Duterte

Inaugural Address of the President of the Philip

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[WATCH HERE] Duterte’s meeting with businessmen sends good signal: Wallace

[WATCH HERE] Duterte's meeting with businessmen sends good signal: Wallace

  Peter Wallace, founder of the Wallace Business

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[WATCH HERE] Duterte’s economic adviser broadens eight-point agenda

[WATCH HERE] Duterte's economic adviser broadens eight-point agenda

Mining, foreign ownership and reproductive health are just

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International SOS Offers Advice for a Healthy Ramadan

International SOS Offers Advice for a Healthy Ramadan

Holy Month falls wholly during the school term in many countries for first time in several years. Those working and studying need to ensure they eat a balanced diet, drink plenty

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DICT law finally signed; DOTC to become simply transportation department

DICT law finally signed; DOTC to become simply transportation department

  President Benigno Aquino III on Monday (May 23) signed into law Republic Act 10844, An Act Creating the Department of Information and Communications Technology (DICT), one of the most aw

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LIST: Duterte’s 8-point economic agenda

LIST: Duterte's 8-point economic agenda

A former agriculture secretary and close friend of presumptive president Rodrigo Duterte on Thursday (May 12) disclosed the 8-point economic agenda of the incoming administration. In a press briefi

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Teleperformance Philippines celebrates 20th Anniversary, opens 17th site in the country

Teleperformance Philippines celebrates 20th Anniversary, opens 17th site in the country

L-R: Chloe Paula Tor (Teleperformance Silver City Site Director), Genny Marcial (IT-Business Process Outsourcing Association of the Philippines Executive Director for External Affairs), Travis

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Warm welcome in Cebu and Davao

Warm welcome in Cebu and Davao

Views from Down Under by Australian Ambassador to the Philippines Amanda Gorely People consistently recommend to me that I should travel as much as possible in the Philippines and my list

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A Different Voice

A Different Voice

This week I’d like to give way to my daughter. Nikki is an environmental scientist (Master’s degree from University College of London) working on getting us a greener world. She works for Card

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PH competition agency seeks Australian expertise in anti-trust law

PH competition agency seeks Australian expertise in anti-trust law

  Philippine and Australian anti-trust heads pose for a photo following a dialogue held in Australia from March 21-22. (from left) From left to right: Commissioner Menardo Guevarra, Co

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NZ carrier to launch direct Manila-Auckland flights

NZ carrier to launch direct Manila-Auckland flights

New Zealand’s national carrier is set

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[COMPANY NEWS] ANZ Manila Named Best Global In-House Company (GIC) of the Year Anew

[COMPANY NEWS] ANZ Manila Named Best Global In-House Company (GIC) of the Year Anew

[MESSAGE FROM THE ANZ Manila Managing Dir. Mark Woolfrey]   Dear Manila Hub Team, I am very glad to share with you the great news – ANZ Manila Hub was awarded theBest Glob

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PHL to firm up decision on joining TPP in 2 years

PHL to firm up decision on joining TPP in 2 years

The Department of Trade and Industry (DTI) said it could make a “definite” decision on joining the 12-member Trans-Pacific Partnership (TPP) agreement

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Elevating Transparency: Philippine Extractive Industry Transparency Initiative (PH-EITI)

Elevating Transparency: Philippine Extractive Industry Transparency Initiative (PH-EITI)

Download the full agenda here: PH-EITI Results by PWC

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Foreign chambers seek action plans

Foreign chambers seek action plans

Poverty alleviation, infrastructure and economic reforms were the common and resounding advocacies being pushed by representatives of four presidential candidates at the Fifth Arangkada Assessment For

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Business groups urge more reforms to sustain growth

Business groups urge more reforms to sustain growth

The Philippines should pursue key economic reforms to sustain growth, an official of a foreign chamber said. With the Philippines now on the radar of most countries as a strong investment and trade

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Liberalizing Indonesia turns up heat on PHL foreign restrictions

Liberalizing Indonesia turns up heat on PHL foreign restrictions

The Philippines should act faster to further ease business restrictions to attract more foreign investments as other countries in the region are becoming more decisive in th

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Notice to all Registered Aliens re: Annual Report (AR) 2016

Notice to all Registered Aliens re: Annual Report (AR) 2016

Pursuant to Immigration Operations Order No. SBM-2015-041, Annual Report 2016 Guidelines, all registered foreign nationals shall, within the first sixty (60) days of every academic year, report in per

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JFC Holds Fifth Arangkada Philippines Forum for More Inclusive Growth Through Bolder Reforms in the Next Decade

JFC Holds Fifth Arangkada Philippines Forum for More Inclusive Growth Through Bolder Reforms in the Next Decade

  On March 1, 2016, the Joint Foreign Chambers (JFC) of the Philippines will host its Fifth Anniversary Forum with the theme “A Bolder and More Inclusive Decade” at th

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JFC Holds Briefing on Terminal Appointment Booking System (TABS)

JFC Holds Briefing on Terminal Appointment Booking System (TABS)

Representatives of the Joint Foreign Chambers of the Philippines (JFC) met with Cabinet Secretary Almendras for a briefing on the Terminal Appointment Booking System (TABS) at SMX Convention Center, P

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Australian firms eye PPPs, investments in PH

Australian firms eye PPPs, investments in PH

Many Australian companies expressed interest in investing in the Philippines this year, according to newly appointed Australian Ambassador to the Philippines Amanda Gorely. Gorely said these invest

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Address infra, FDIs, jobs (Business to Presidentiables)

Address infra, FDIs, jobs (Business to Presidentiables)

The business community would like to hear from the presidentiables their platforms on infrastructure development, how to attract more foreign direct investments and jobs creation for the masses, as do

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NCC eyes scoring system for policy recommendations

NCC eyes scoring system for policy recommendations

The National Competitiveness Council (NCC) plans to come out with a new rating system next year that will measure which among policy recommendations in the country are worth pursuing or not. NCC co

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[REMINDER] 2016 Tax Reminders

[REMINDER] 2016 Tax Reminders

NEW YEAR TAX REMINDERS DUE DATE

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[IN PHOTOS] Farewell calls by Australian Ambassador to the Philippines Bill Tweddell

[IN PHOTOS] Farewell calls by Australian Ambassador to the Philippines Bill Tweddell

Australian Ambassador to the Philippines Bill Tweddell with DepEd Sec. Armin Luistro   Amb. Tweddell with Senate Pres. Franklin Drilon   Amb. Tweddell with

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Cutting Red Tape Down Under

Cutting Red Tape Down Under

By: Cielito F. Habito | 0

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Foreign Minister Julie Bishop announces appointment of Ms. Amanda Gorely as Australia’s next Ambassador to the Philippines

Foreign Minister Julie Bishop announces appointment of Ms. Amanda Gorely as Australia's next Ambassador to the Philippines

Today I announce the appointment of Ms Amanda Gorely as Australia's next Ambassador to the Philippines. The Philippines is an important partner for Australia in Southeast Asia and we cooperate clos

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ANZCham seeks food, pharma boost from treaty

ANZCham seeks food, pharma boost from treaty

The Australian-New Zealand Chamber of Commerce (ANZCham) said a “comprehensive economic partnership” with the Philippines represents opportunities for the food, pharmace

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Giving More Teeth to ASEAN Integration

Giving More Teeth to ASEAN Integration

The Australian-New Zealand Chamber of Commerce Philippines, Inc. (ANZCHAM) is pushing for a comprehensive bilateral economic partnership agreement between the Philippines and Australia as an integral

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Australian firms want Canberra to forge bilateral trade deal with Manila

Australian firms want Canberra to forge bilateral trade deal with Manila

The Philippines and Australia should consider forging a bilateral free-trade agreement (FTA) to enable them to maximize the benefits of the forthcoming Asean economic i

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TMAP, 21 groups back proposal adjusting income tax to inflation

TMAP, 21 groups back proposal adjusting income tax to inflation

The Tax Management Association of the Philippines (TMAP) and 21 foreign business groups, professional organizations, and trade and labor groups on Wednesday asked the leadership of the House of Repres

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[COMPANY NEWS] ANZ Manila recognised as Employer of the Year by the Apolinario Mabini Awards

[COMPANY NEWS] ANZ Manila recognised as Employer of the Year by the Apolinario Mabini Awards

  With the President of the Philippines, Benigno Aquino III (centre) during the Awarding Ceremony in the Malacañang Palace. In the photo from (R-L) Maximino dela Concha – represen

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Imports post fastest growth in 13 months

Imports post fastest growth in 13 months

The value of imported goods that entered the country in February reached $5.326 billion—up 11.2 percent from the $4.788-billion reported in the same month last year. According to the Philippine S

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Rapid Philippine growth presented to APEC key execs

Rapid Philippine growth presented to APEC key execs

"The Philippines will hit, in 2015, a 'demographic sweet spot’ that will approximately last for the next 35 years," Philippine Ambassador to Singapore Antonio Morales said. Photo shows a

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PEZA’s perks to investors capped

PEZA’s perks to investors capped

The Department of Finance (DOF) and the Board of Investments (BOI) have moved to cap the grant of income tax holiday (ITH) to enterprises registered with the Philippine Economic Zone Authority (PEZA)

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Foreign chambers call for relaxed rules on investment house ownership

Foreign chambers call for relaxed rules on investment house ownership

The Joint Foreign Chambers of Commerce of the Philippines (JFC) is proposing the inclusion of investment houses on the Senate measure which will relax restrictions on the ow

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Australian Business, Trade to Increase Presence in PH

Australian Business, Trade to Increase Presence in PH

BULLISH. Firms from "Down Under" are bullish about their growth prospects in the Philippines, says Australia senior trade commissioner An

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ICTSI upgrades online container tracking system

ICTSI upgrades online container tracking system

MANILA, Philippines - Port giant International Container Terminal Services Inc. (ICTSI) has updated its online container tracking system to further improve the operation efficiency at the Manila Inter

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Tax Code amendments pushed

Tax Code amendments pushed

MANILA, Philippines - The Tax Management Association of the Philippines (TMAP) is seeking amendments to the Tax Code to safeguard the rights of taxpayers and limit the power of the head of the Bureau

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Arangkada Mining Policy Brief

Arangkada Mining Policy Brief

The Joint Foreign Chambers (JFC) and Philippine Business Groups held a Press Conference for the launch of the Arangkada-TAPP Mining Policy Brief last September 10th, 2014 at the AIM Conference Center,

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Meeting set on proposed mining revenue scheme

Meeting set on proposed mining revenue scheme

The Office of the President (OP) would meet with lawmakers on Sept. 1 to get the proposed mining revenue sharing scheme moving. “It (propos

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Meeting set on proposed mining revenue scheme

Meeting set on proposed mining revenue scheme

The Office of the President (OP) would meet with lawmakers on Sept. 1 to get the proposed mining revenue sharing scheme moving. “It (propos

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AANZFTA protocol signed

AANZFTA protocol signed

Member countries have agreed on a Protocol that will amend the Agreement Establishing the ASEAN-Australia-New Zealand Free Trade Area (AANZFTA). The Protocol was signed on behalf of New Zealand by

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P1.6B paves way for Cavite-Laguna expressway

P1.6B paves way for Cavite-Laguna expressway

From the Department of Budget and Management Secretary Abad: Road to ease traffic and support eco zones

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Early power crisis looms as Napocor loses P60-B case

Early power crisis looms as Napocor loses P60-B case

The looming power shortage may happen sooner, after the Supreme Court ordered the National Power Corp. (Napocor), through the Power Sector Assets and Liabilities Management Corp. (PSALM) to pay P60 bi

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Amendments of economic provisions under way

Amendments of economic provisions under way

CONGRESSIONAL leaders said both houses of Congress are set to tackle a resolution seeking to amend the economic provisions of the 1987 Constitution. Resolution of Both Hous

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SC blamed for looming power crisis

SC blamed for looming power crisis

Cabinet officials said Wednesday the government would not face a possible power shortage in 2015 if the Supreme Court had not stopped the construction of a coal-fired

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Meeting set on proposed mining revenue scheme

Meeting set on proposed mining revenue scheme

“It (proposed scheme) has to move but there is no deadline as to when it should be passed,” Mines and Geosciences Bureau director Leo Jasareno told reporters after the meeting of the Mining Indust

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Much too standard, much too poor

Much too standard, much too poor

INTERNATIONAL credit-rating agency Standard & Poor’s Financial Services (S&P) gave the Philippines a one-notch rating upgrade in May 2013, elevating the country to the “investment grade”

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‘Negative port impacts greater in developing countries’

‘Negative port impacts greater in developing countries’

WHILE ports bring employment and help increase overall economic growth, the negative impacts caused by these maritime structures could be greater in developing countries like the Philippines. In a

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Gov’t engages miners on proposed revenue sharing scheme

Gov’t engages miners on proposed revenue sharing scheme

The Mining Industry Coordinating Council (MICC) has reached out to the Chamber of Mines of the Philippines and other foreign chambers as it hopes to work out the issue raised by the local and foreign

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More railways in our future

More railways in our future

“A successful city is one where people prefer to take public transport,” fellow Inquirer columnist Peter Wallace wrote me in reaction to my “Traffic dilemmas” article last week. I ended that p

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Manila a step closer to sealing int’l trade pact

Manila a step closer to sealing int’l trade pact

The Philippines is expected to gain a favorable position in its bid to become part of the Trans-Pacific Partnership (TPP), considered to be the country’s only chance to have a trade agreement with t

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Manila a step closer to sealing int’l trade pact Read more: http://business.inquirer.net/177324/manila-a-step-closer-to-sealing-intl-trade-pact#ixzz3BSjybKwr Follow us: @inquirerdotnet on Twitter | inquirerdotnet on Facebook

The Philippines is expected to gain a favorable position in its bid to become part of the Trans-Pacific Partnership (TPP), considered to be the country’s only chance to have a trade agreement with t

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DOF disputes bank’s gloomy PHL forecast

DOF disputes bank’s gloomy PHL forecast

Finance Undersecretary Gil S. Beltran on Wednesday disputed a report by Standard Chartered Bank claiming the government’s target of 7-percent to 8-percent growth in terms of the gross domestic produ

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Ambassador proud of role

Ambassador proud of role

Marlborough-raised Reuben Levermore, one of New Zealand's youngest diplomats, starts in his new post as ambassador to Thailand next week. The 38-year-old, in Blenheim this week to visit family, beg

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Batangas Port Users Get Perks

Batangas Port Users Get Perks

DIRECT CALLERS of the Batangas port will receive a 90% discount on port charges and other vessel-handling fees starting this month to encourage more shippers to course their goods through Batangas ins

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$501-million BOP surplus posted in July, widest in 7 months

$501-million BOP surplus posted in July, widest in 7 months

The monetary authorities on Tuesday reported a surplus in the balance of payments (BOP) totaling $501 million for the month of July, representing a sharp reversal from a shortfall in June, when the ec

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Miners oppose ‘no go’ mining zone

Miners oppose ‘no go’ mining zone

Guillermo Luz, private sector representative to the Economic Cluster of the Cabinet, told reporters at the Futuristics Society forum in Makati on Friday that the Minerals Industry Coordinating Council

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Palace offers perks to Batangas port users

Palace offers perks to Batangas port users

Malacañang has cut charges at the Batangas port by 90% as an incentive for importers using the facility instead of the Manila ports. The Philippine Ports Authority (PPA) said direct callers would

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Solon bats for full foreign ownership of retail businesses in PH

Solon bats for full foreign ownership of retail businesses in PH

In a bid to boost foreign direct investment in the retail and wholesale sector, a lawmaker is pushing for a bill allowing foreign investors to fully own retail businesses in the country. Isabela fo

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Customs employee nabbed for seeking, accepting bribe

Customs employee nabbed for seeking, accepting bribe

Bureau of Customs (BOC) and police authorities arrested on Thursday, August 14, a Customs employee for allegedly seeking, and accepting, a P1.5-million ($34,340*) bribe to facilitate the clearance of

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PH likely to reach 6.8-M target in tourist arrivals for 2014—DOT

PH likely to reach 6.8-M target in tourist arrivals for 2014—DOT

Some 2.4 million foreign tourists arrived in the country in the first six months of 2014 with government on track to reach its target of 6.8 million arrivals this year, Tourism Secretary Ramon Jimenez

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What inclusive growth?, asks Mindanaoans

What inclusive growth?, asks Mindanaoans

"PNoy’s low rating reflects how this government and how bleak their efforts are towards improving the lives of Mindanaoans," said Evans I. Yonson, member of the Cagayan de Oro City Tourism Council a

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Drilon to DOTC: Improve airport facilities, services

Drilon to DOTC: Improve airport facilities, services

Senate President Franklin M. Drilon today urged the Department of Transportation and Communication (DOTC) to speed up the repairs and rehabilitation of the country's airports which are proposed to rec

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[Infographic] Tax Watch : Importers and Brokers who did not apply for accreditation on time: Why Complain?

[Infographic] Tax Watch : Importers and Brokers who did not apply for accreditation on time: Why Complain?

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ICTSI to revive Manila-Calamba cargo train

ICTSI to revive Manila-Calamba cargo train

The International Container Terminal Services Inc. (ICTSI) plans to revive the Manila-Calamba cargo intermodal system to ease cargo traffic coming in and out of its Manila port. Trade Secretary Gre

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No cost for alarm

No cost for alarm

The peso exchange rate against the dollar jumped up and down wildly in the last few days like an electrocuted frog, owing perhaps—or at least according to “experts” in the financial markets—to

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PH exports jump 21% in June, highest in 6 months

PH exports jump 21% in June, highest in 6 months

Philippine exports grew at their fastest pace in 6 months in June, on the back of a rebound in electronics shipments. The country is the top exporter among “trade-oriented” East and Southeast Asia

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Binay wants businessman, not politician, as running mate

Binay wants businessman, not politician, as running mate

A businessman – not a politician – is Vice President Jejomar Binay’s preference as a running mate in 2016. “Personally, I hope I can get a vice president who is a successful businessman com

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Sen. Bam Hits Harassment, Corruption vs. Foreign Investors

Sen. Bam Hits Harassment, Corruption vs. Foreign Investors

Senator Bam Aquino condemned the rampant harassment, red tape and other forms of corruption in government agencies, saying these illegal activities force foreign businessmen to pack their bags and bri

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Demographics plus factor for PHL

Demographics plus factor for PHL

THE Philippines is seen attracting larger chunks of foreign direct investments (FDI) over the near term, as the country’s working- age population becomes increasingly more productive and consumption

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BIR turns down investor community’s bid to rescind rule on disclosure of beneficial owners

BIR turns down investor community's bid to rescind rule on disclosure of beneficial owners

The Bureau of Internal Revenue (BIR) today assured the investing community that it has nothing to fear from a rule requiring the identification of beneficial owners of taxable securities. In a stat

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Ecozones see strength in unity

Ecozones see strength in unity

Locators in economic zones are grouping their energy requirements and get as much as P2 in discounts per kilowatt-hour.

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PLDT to finish P1-B fiber network project this year

PLDT to finish P1-B fiber network project this year

The Philippine Long Distance Telephone Company (PLDT) expects a P1.3-billion underground fiber optic data transmission network project to be completed by the end of the year. According to Rolando P

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NZ dollar falls as Australia firms grow confident

NZ dollar falls as Australia firms grow confident

The New Zealand dollar fell against the greenback as growing confidence among Australian firms stoked demand for the Australian dollar. The kiwi dropped to a two-month low 84.12 US cents, trading a

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Mindanao to get lion’s share in 2015 public works budget–Singson

Mindanao to get lion’s share in 2015 public works budget–Singson

FOR fifth consecutive year, Mindanao will get the biggest chunk of the government’s infrastructure budget in 2015, the Department of Public Works and Highways (DPWH) said. Public Works Secretary

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Metro Manila starts ‘all-out war’ vs colorum vehicles

Metro Manila starts ‘all-out war’ vs colorum vehicles

The operators of these vehicles will be meted penalties imposed by Joint Administrative Order (JAO) 2014. The green light to go after colorum PUVs was given to the metropolis’ local government un

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FDI inflows hit $2.9B in first 5 months

FDI inflows hit $2.9B in first 5 months

Job-generating long-term foreign investments continued to rise in May, indicating that the Philippines was still attractive to firms from abroad looking for new markets in which to expand their busine

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8 groups vie for P123-B PPP project

8 groups vie for P123-B PPP project

The Aquino administration’s next big-ticket public private partnership (PPP) deal, the P123-billion Laguna Lakeshore Expressway Dike, is drawing early interest from some of the country’s biggest b

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In Mindoro, responsible mining is real

In Mindoro, responsible mining is real

Almost everything that people consume and use — from farm implements to transport vehicles, household appliances and communication tools, etc. — is a mineral product or relies upon them for produc

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Peso gains most since June as geopolitical tension eases

Peso gains most since June as geopolitical tension eases

The Philippine peso rose the most in seven weeks as an easing of geopolitical tension revived demand for emerging-market assets. Israel and militants in the Gaza Strip agreed to an Egyptian proposa

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Provide more jobs to reduce poverty, IMF tells Phl

Provide more jobs to reduce poverty, IMF tells Phl

The government should work on increasing job opportunities in the country to take advantage of the growing labor force and pull down poverty incidence, the International Monetary Fund said. “Favo

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Higher electricity charge expected to stoke inflation

Higher electricity charge expected to stoke inflation

THE higher electricity charge announced for this month will stoke inflation, Citi Research said in a research note yesterday, adding it expected further tightening of monetary policy next month as a r

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Gov’t eyes debt-to-GDP ratio of below 45% by 2016

Gov't eyes debt-to-GDP ratio of below 45% by 2016

The Aquino administration is aiming to cut the ratio of the national government's outstanding debt to the country's gross domestic product (GDP) to below 45% by 2016. Department of Budget and Manag

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Business group: BSP top-performing gov’t agency, Senate the worst

Business group: BSP top-performing gov’t agency, Senate the worst

Executives from the country’s most influential business group rated the country’s central bank as the best-performing government agency. In a survey released on Monday, The Makati Business Club

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May FDI inflows reached $473 million

May FDI inflows reached $473 million

More permanent foreign capital, also known as foreign direct investments (FDI), poured into the Philippines on net basis in May, totaling $473 million, data obtained from the Bangko Sentral ng Pilipin

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Volatile trading expected this week

Volatile trading expected this week

Volatile stock market trading is expected this week given a tug-of-war between local corporate earnings and geopolitical tensions abroad. Gains will be tempered by profit taking and cautiousness am

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TO HIGH MERALCO PRICES; For Petilla, solar energy is the answer

TO HIGH MERALCO PRICES; For Petilla, solar energy is the answer

Energy Secretary Carlos Jericho Petilla believes that solar energy will free Metro Manila residents from exorbitant Meralco prices. Petilla said the Department of Energy will fully roll out a solar

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Palace to get Manila truck ban lifted

Palace to get Manila truck ban lifted

Malacañang is poised to order the Manila city government to lift the truck due to its negative consequences on trade. In a proposed executive order, Malacañang said cargo volume passing through t

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Ateneo economists see 2014 growth slowing to 6.2%-6.4%

Ateneo economists see 2014 growth slowing to 6.2%-6.4%

THE increase in commodity prices and slowdown in government spending are expected to cut the country’s full-year economic growth to 6.2 percent to 6.4 percent this year, according to economists from

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Moody’s team in town to review credit score

Moody’s team in town to review credit score

A TEAM of Moody’s Investors Service is arriving in Manila today for the annual review of the Philippines’ credit rating.

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Aussie graphic design firm enters PH mart

Aussie graphic design firm enters PH mart

Australian startup Canva has put up an office in the Philippines to better serve the growing demand among Filipino firms for its online graphic design services. “The Philippines is an exciting ma

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Investors hit gov’t tax refund policy

Investors hit gov’t tax refund policy

The European Chamber of Commerce of the Philippines (ECCP) has slammed the government for making it more difficult anew for tax-paying investors to exercise their right to refund as this did not only

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Oil firms to reduce gasoline prices Monday

Oil firms to reduce gasoline prices Monday

Gasoline prices are dropping for the fifth straight week starting Monday (Aug. 11), mainly due to weak international prices, according to oil firms. Petron, Shell, Chevron, Seaoil, and PTT Philippi

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Basic sectors need help in ASEAN integration – exec

Basic sectors need help in ASEAN integration - exec

Philippine conglomerates are ready for a single Association of Southeast Asian Nations (ASEAN) economy by end-2015, but executives concede the agricultural sector will have a tough time dealing with t

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Generation charge could rise — utility

Generation charge could rise -- utility

CUSTOMERS of Manila Electric Co. (Meralco) may have to pay more for the generation charge component of their power bills this month given higher costs incurred from suppliers, an official said yesterd

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No need to declare power sector emergency – PCCI

No need to declare power sector emergency – PCCI

The Philippine Chamber of Commerce and Industry (PCCI) says there is no need for President Benigno Aquino III to declare an emergency in the power sector ahead of the looming power crisis in Luzon nex

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Biggest PPP project to date rolled out

Biggest PPP project to date rolled out

THE GOVERNMENT yesterday rolled out its biggest public-private partnership (PPP) project, thus far, inviting parties to bid for a P122.8-billion ($2.73-billion) undertaking that will address flooding

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Gov’t prodded to act faster on power lack

Gov’t prodded to act faster on power lack

THE EUROPEAN CHAMBER of Commerce of the Philippines (ECCP) has proposed a five-point strategy aimed at averting a looming power shortage in Luzon by summer of next year.

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Revival of Mindanao as trade gateway eyed

Revival of Mindanao as trade gateway eyed

Mindanao is well poised to become the Philippines’ gateway to the Asean with the opening of a shipping route from the island to the Bitung international port in Indonesia, and the possible resumptio

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Disasters are the new normal. Are we ready for them?

Disasters are the new normal. Are we ready for them?

Things like contingency plans (e.g., what if it hits at night when we’re together or during the day when we’re not); emergency provisions; alternative modes of communication; survival procedures;

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Why we need a credit information system, and why we need it now

Why we need a credit information system, and why we need it now

This was at a time when local banks were holding a lot of excess cash, and chasing after a few large corporates which were thus in a position to demand lower-than-treasury-yield interest rates. The

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URC set to borrow P26.48 billion for NZ Snack Food purchase

URC set to borrow P26.48 billion for NZ Snack Food purchase

UNIVERSAL Robina Corp. (URC), the food manufacturing group of the Gokongwei family, said it may raise the entire P26.48-billion amount to complete the purchase of New Zealand’s top snack food compan

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UN body sees 6.7% growth for Phl this year

UN body sees 6.7% growth for Phl this year

The UN body also urged the Philippines to improve its revenue collection to be able to achieve the modest growth targets. “Tax revenue could be raised by about 11 percent,” UNESCAP said in its

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Australia keen on exporting more red meat to PHL

Australia keen on exporting more red meat to PHL

Beef imports to the Philippines coming from Australia rose by 21 percent in the first semester of this year, to 18,000 tons from 14,000 tons in the same period last year, according to Peter Paul Perez

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Gov’t to transfer shipping containers to Batangas, Laguna

Gov’t to transfer shipping containers to Batangas, Laguna

In a bid to decongest Manila’s two major ports, the Aquino administration’s Cabinet cluster for port congestion announced yesterday that cargo cleared by the Bureau of Customs (BOC) and those stil

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A Kiwi farewell

A Kiwi farewell

The young diplomat is being assigned to Bangkok, which is considered to be a very critical post now for many, especially those from Western nations because Thailand is currently under martial rule. Th

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CSC Bolsters BOC Hiring Process With Special Exams

CSC Bolsters BOC Hiring Process With Special Exams

With the partnership, the CSC through its Examination, Recruitment, and Placement Office will provide the overall management and supervision of the test processes as well as the development and conduc

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Asean integration on professional services

Asean integration on professional services

THE Association of Southeast Asian Nations integration may affect several areas of our country’s economy but I am more interested in its effect on professional services such as the accountancy profe

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PH remains ahead of India in ‘outsourcing’

PH remains ahead of India in ‘outsourcing’

Shore Solutions Inc., a local firm engaged in a boutique-style approach to outsourcing, is investing anew to further expand its operations as the Philippines remained to be the “best place for offsh

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Inflation surges to 33-mo high

Inflation surges to 33-mo high

Inflation accelerated to a 33-month high in July amid soaring food prices and increases in utility rates and transportation fares. From 4.4 percent in June, the rate rose to 4.9 percent last month,

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PPP Center reveals pipeline for 19 projects worth P600B

PPP Center reveals pipeline for 19 projects worth P600B

THE PUBLIC Private Partnership (PPP) Center said 18 infrastructure projects—including Metro Manila’s first subway system and six regional airports—would be rolled out before June 2015, a governm

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Demand for metro office space seen to ease

Demand for metro office space seen to ease

The demand for office space is expected to slow over the next few months and lease rates would likely decline following the completion of a number of new buildings in Metro Manila, according to global

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Mining summit prelude to Minahang Bayan

Mining summit prelude to Minahang Bayan

Miners and would-be miners were apprised of the laws governing the mining industry in the Philippines and were reminded of their awesome responsibilities. The Department of Environment and Natural

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Mayors, MMDA ‘declare war’ on LTFRB

Mayors, MMDA ‘declare war’ on LTFRB

The Metropolitan Manila Development Authority (MMDA) and the mayors of Metro Manila, who comprise the Metro Manila Council (MMC), virtually declared war on the Land Transpor

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Investing in ‘suprastructure’

Investing in ‘suprastructure’

Much has been said about our country’s huge infrastructure deficit, particularly in transport, power and water. And criticisms or suggestions (unsolicited or otherwise) on this vital issue loudly pe

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Another Moody’s upgrade seen

Another Moody’s upgrade seen

The likelihood of a lower output growth for the Philippines this year, given the stellar growth performance in 2013, should not dull the country’s prospects of getting another credit upgrade from a

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Mining summit prelude to Minahang Bayan

Mining summit prelude to Minahang Bayan

Miners and would-be miners were apprised of the laws governing the mining industry in the Philippines and were reminded of their awesome responsibilities. The Department of Environment and Natural

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Did LTFRB circulars worsen Metro traffic? Lawmakers to probe

Did LTFRB circulars worsen Metro traffic? Lawmakers to probe

Is the Land Transportation Franchising Regulatory Board (LTFRB) to blame for the horrendous traffic in Metro Manila? Two legislators – Senator Miriam Defensor Santiago and Valenzuela Representati

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P-Noy to consult stakeholders on energy crisis powers

P-Noy to consult stakeholders on energy crisis powers

President Aquino directed the Department of Energy (DOE) to consult various stakeholders and the public on the proposed emergency powers and other measures to make sure that the country will have adeq

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Meeting 2014 growth goal hinges on govt spending in H2

Meeting 2014 growth goal hinges on govt spending in H2

The government has to spend aggressively in the second half to enable the now $270-billion economy to pick up speed as targeted this year, economists said. Bank of the Philippine Islands (BPI) lead

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MMDA hits LTFRB anew on truck policy

MMDA hits LTFRB anew on truck policy

There are at least 28,000 unregistered trucks operating in Metro Manila, causing traffic jams along key streets, due to a directive by the Land Transportation Franchising and Regulatory Board (LTFRB),

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SEC pushes for amendments in the Corporation Code

SEC pushes for amendments in the Corporation Code

The Securities and Exchange Commission (SEC) is pushing for the amendments in the Corporation Code, Securities Regulation Code (SRC) and Real Estate Investment Trust (REIT) to spur the creation of new

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NLEX-SLEX connector road faces further delay

NLEX-SLEX connector road faces further delay

The government has decided to revert back to the Swiss challenge scheme for the proposed P18-billion toll road connecting the North Luzon and South Luzon expressways originally proposed by infrastruct

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Ecozones likely to be set up in poor provinces–DTI

Ecozones likely to be set up in poor provinces–DTI

Domestic economic zones will likely be set up in poor provinces to promote the growth of underdeveloped areas, a Cabinet member said on Friday. The proposal to establish such zones is still being s

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Australian Oranges Now in Season

Australian Oranges Now in Season

“Australian oranges have long enjoyed a reputation for being the sweetest in the world. And very importantly, Australian farms are known for being pollution-free with hig

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PH inflation hit its peak in July, say analysts

PH inflation hit its peak in July, say analysts

Inflation may have already peaked this year in July with the recent moderation of fuel prices due to cooling geopolitical tensions offsetting elevated food costs, analysts said. This comes ahead of

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Asian stocks slip after major US sell-off

Asian stocks slip after major US sell-off

Asian markets ended their recent rally Friday, August 1 after the Dow posted its biggest single sell-off since February on weak eurozone data and as news of Argentina's debt default and a rise in US j

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Investor protection

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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PLDT unit to build Phl’s first facility vs Internet attacks

PLDT unit to build Phl’s first facility vs Internet attacks

IP Converge Data Services Inc. (IPC), a unit of Philippine Long Distance Telephone Co. (PLDT), is set to launch the country’s first facility that would analyze Internet traffic to remove bogus and m

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Gov’t borrowings down 34%

Gov’t borrowings down 34%

State borrowings continued to trend downward, declining by more than a third in the first semester as the government did not see any immediate need for more cash. Latest data from the Department of

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A different kind of transport

A different kind of transport

We were transported last Friday to a different world. Whilst transport transported no one anywhere in the gridlock that was Friday night in Makati, we went to a wonderful concert at the Ayala Museum:

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DOE: Malampaya shutdown can no longer be moved

DOE: Malampaya shutdown can no longer be moved

The consortium running the Malampaya natural gas platform has informed the Department of Energy (DOE) that it could no longer reschedule the maintenance shutdown of the facility. “SPEX (Shell Phi

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Investor Protection

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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Gov’t bent on passing Bangsamoro Basic Law before year-end – Palace

Gov’t bent on passing Bangsamoro Basic Law before year-end – Palace

The government is not reneging on its promise to have the draft Bangsamoro Basic Law passed before the end of the year, Malacañang said yesterday amid reports that Moro Islamic Liberation Front (MILF

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Wary of inflation, BSP stands ready to reset key policy rates

Wary of inflation, BSP stands ready to reset key policy rates

Monetary authorities are closely watching how the rise in food and power costs and the easing of fuel pump prices will affect inflation. Members of the Bangko Sentral ng Pilipinas’ Monetary Board w

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

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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18 business groups send joint wish list to Aquino

18 business groups send joint wish list to Aquino

Industry stakeholders, local business groups and foreign chambers in the country have revived their push for key reforms, as President Aquino enters the final stretch of his six-year term. In a joi

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PH an ‘emerging manufacturing nation’ in Asean

PH an ‘emerging manufacturing nation’ in Asean

The Philippines has been identified as one of the emerging manufacturing nations in the region, but the country’s developments in this sector may still be paling in comparison to those seen among it

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Improved prospects seen for PHL hospitality sector

Improved prospects seen for PHL hospitality sector

The country’s hotel and gaming sectors are showing no sign of slowing down as they are driven by the continued influx of tourists. Current data from the Department of Tourism show that total visi

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DOJ and SEC establishes merger control regime

DOJ and SEC establishes merger control regime

To effectively set up the country's merger control regime based on existing provisions of law, the Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) signed today a Memorandu

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Bureau of Immigration Uses Security Visa Sticker for Touris Visa Extensions

Bureau of Immigration Uses Security Visa Sticker for Touris Visa Extensions

As part of its intensified campaign against illegal transactions, the Bureau of Immigration (BI) has begun using new “security visa stickers.”

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DPWH allocates P63B in 2015 budget for Mindanao infrastructure

DPWH allocates P63B in 2015 budget for Mindanao infrastructure

Infrastructure development in strife-torn Mindanao is still a top priority of the Department of Public Works and Highways (DPWH), as it will receive the biggest allocation in the agency's proposed P30

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P-Noy: Economy truly taking off

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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Philippine manufacturing sector outpaces global growth

Philippine manufacturing sector outpaces global growth

Citing data from the United Nations Industrial Development Organization, Federation of Philippine Industries (FPI) director Roberto Batungbacal said the Philippine manufacturing sector, based on manuf

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High Unemployment Makes Wage Raise Meaningless

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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PH stock market hardly moves ahead of ‘ghost month’

PH stock market hardly moves ahead of 'ghost month'

Philippine share prices were little changed on Friday in the absence of fresh leads ahead of the Chinese "ghost month." At the Philippine Sto

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Fitch attests to Manila lenders’ credit standing

Fitch attests to Manila lenders' credit standing

Fitch Ratings affirmed the credit standing of four Philippine banks on the basis of their sound funding profiles and high loss-absorption capacities. In a recently released statement, Fitch affirme

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Economy and asset reform: The good news and the bad

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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Philippine population officially hits 100 million

Philippine population officially hits 100 million

The Philippine population hit a new milestone on Sunday, July 27, with the birth of the 100 millionth Filipino, a healthy baby girl. Baby Chonalyn was born at the Dr. Jose Fabella Hospital in Manil

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SEC says ASEAN Link on track

SEC says ASEAN Link on track

The government has an unofficial target of joining the Trading Link by the November 2015 Asia-Pacific Economic Cooperation (APEC) summit, which the Philippines will host, Securities and Exchange Commi

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What next for Aquino and Congress?

What next for Aquino and Congress?

PDAF, DAP and then what? It’s been a year since the pork barrel corruption scandal and one Janet Lim Napoles tarnished Congress with plunder. Next came the furor over the legality of the administ

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Infrastructure tops wish list of investors

Infrastructure tops wish list of investors

Sustained reforms in infrastructure, energy, governance and investment climate continued to top the so-called “wish list” of local and foreign business groups, which are looking forward to hear wh

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Lawmakers under pressure as 16th Congress resumes

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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Weak link in supply chain

Weak link in supply chain

Filipino sports fans may be interested to know that the Slazenger tennis balls used in the recently concluded Wimbledon tournament were proudly made in the Philippines by a British company. And the

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Finally, Naia Terminal 3 to be fully operational

Finally, Naia Terminal 3 to be fully operational

The Ninoy Aquino International Airport (Naia) Terminal 3 is set to be fully operational by the end of the month, as the Japanese contractor tasked with the completion of the system works of the air hu

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4 mining firms suspended over ‘unsystematic’ methods

4 mining firms suspended over ‘unsystematic’ methods

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DOTC eyes new Clark budget terminal

DOTC eyes new Clark budget terminal

The Department of Transportation and Communications said it was ready to present a proposal to build a budget carrier-only terminal at Pampanga province’s Clark International Airport to the National

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PHL may not make it to EITI as mining firms sit on disclocures, says lead group

PHL may not make it to EITI as mining firms sit on disclocures, says lead group

Getting the Philippines on board a global coalition on extractive industries is proving to be quite a challenge especially when it comes to meeting international standards o

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DOJ reminds businessmen on employing foreigners

DOJ reminds businessmen on employing foreigners

The Department of Justice (DOJ) has issued a legal opinion reminding businessmen against hiring foreign nationals, including those who are permanently residing in the country, in commercial enterprise

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Time for a legal revolution

Time for a legal revolution

Let me further explain my position on the Constitution because it was questioned from my last column. I do not believe that one must follow the Constitution precisely as it is written; the correct

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Neda: DAP accelerated 2012, 2013 growth

Neda: DAP accelerated 2012, 2013 growth

The Philippine economy would have posted a slower growth in 2012 and 2013 had not been for the funds released through the controversial Disbursement Acceleration Program (DAP), according to the Nation

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Australian dollar boosted by strong inflation figures

Australian dollar boosted by strong inflation figures

At 0700 AEST on Thursday, the local currency was trading at 94.55 US cents, up from 94.40 cents on Wednesday. The Australian dollar has rallied as high as 94.63 US cents after underlying inflation

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NZ posts eighth monthly trade surplus in June

NZ posts eighth monthly trade surplus in June

New Zealand posted its eighth monthly trade surplus in June, led by overseas demand for the nation's primary products such as milk powder, frozen beef and kiwifruit. The country had a trade surplus

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Dollar dives after Reserve Bank lifts rate to 3.5pc

Dollar dives after Reserve Bank lifts rate to 3.5pc

Reserve Bank governor Graeme Wheeler has raised the official cash rate as expected, while signalling a pause in rate hikes to assess the impact of moves so far this year. The kiwi dollar sank after Wh

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#AskTheTaxWhiz: Are online freelancers required to register with BIR?

#AskTheTaxWhiz: Are online freelancers required to register with BIR?

I am an online freelancer. Am I required to register with the Bureau of Internal Reveue (BIR) even if I am barely making profit? How do I know if I am subject to 12% value-added tax (VAT)? Yes. Onl

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Abad Face Intense Grilling on DAP Today

Abad Face Intense Grilling on DAP Today

Budget Secretary Florencio “Butch” Abad Jr. faces intense grilling today as the Senate finance committee holds a hearing today on the Disbursement Acceleration Program. Abad is said to be the a

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Monetary authorities watchful of euro zone developments — Tetangco

Monetary authorities watchful of euro zone developments -- Tetangco

Developments in the euro zone could spill over into the Philippine economy and financial markets and the Bangko Sentral ng Pilipinas (BSP) stands ready to address any adverse impact. In an e-mail to

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PPP program: Of 54 deals, 7 awarded; 20 more at P900B

PPP program: Of 54 deals, 7 awarded; 20 more at P900B

It has been battered and bruised but the Aquino administration’s public-private partnership (PPP) program, whose implementers admit is still a work in progress, remains committed to getting crucial

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Clark’s P7.2-billion transport blueprint ready

Clark’s P7.2-billion transport blueprint ready

The Department of Transportation and Communications (DOTC) is set to present to the Investment Coordination Committee (ICC) of the National Economic and Development Authority (Neda) a P7.2-billion pro

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Q2 growth seen at 6.5% on better jobs data

Q2 growth seen at 6.5% on better jobs data

Despite the increase in commodity prices, the improvement in the country’s employment numbers may have provided the boost that pushed the country’s economic growth to better-than-expected levels.

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Special zones for power plants pushed

Special zones for power plants pushed

To deal with a potential power crisis, President Aquino should be given the power to set up special zones for power plants, and not emergency powers, Sen. Sergio Osmeña III has said. Given that po

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Moody’s lowers 2014 growth forecast for PH

Moody’s lowers 2014 growth forecast for PH

Moody’s Investor Service has cut its growth forecast for the Philippines following the country’s stunted first-quarter expansion and the recent failure of the government to keep spending up to pum

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Australian Embassy opens condolence book for MH17 victims

Australian Embassy opens condolence book for MH17 victims

The Australian Embassy in Manila has opened a condolence book to honor the victims of Malaysia Airlines MH17—three of them Filipinos—which was shot down last week in Ukraine. According to the e

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Chairman’s Summary – Meeting of G20 Trade Ministers

Chairman’s Summary - Meeting of G20 Trade Ministers

The second G20 Trade Ministers meeting brought together all G20 members as well as guests from Myanmar (on behalf of ASEAN), New Zealand, Singapore, Spain, and the Organisation for Economic Co-operati

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CBRE cites Cebu’s real estate potential

CBRE cites Cebu’s real estate potential

Commercial real estate consultancy and advisory CBRE Philippines highlighted Cebu as one of the fastest-emerging real estate markets in the country during the Philippine Capital Markets Investment Con

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Global interest for Philippine prime office space still up, CBRE report says

Global interest for Philippine prime office space still up, CBRE report says

Prime office spaces in the Philippines continue to draw strong interest from the business-processing sector and multinational companies, according to real-estate services and advisory agency CBRE Phil

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Customs misses revenue target in June

Customs misses revenue target in June

The Bureau of Customs (BOC) – the government’s second largest revenue-generating agency – failed to hit its revenue goal in June despite a 17.5% year-on-year growth. BOC was able to collect P

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Use Subic, Batangas ports

Use Subic, Batangas ports

I have been receiving a number of very agitated e-mails from business people complaining about the problems they are now having with getting their cargo out of the Port of M

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Dear Mr. President (again)

Dear Mr. President (again)

My article last month shared the contents of a letter to President Aquino, which was signed jointly by the Philippine Business Groups and Joint Foreign Chambers. Another important letter sent to the P

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Power crisis looms in 2015

Power crisis looms in 2015

Energy Secretary Carlos Jericho Petillla will ask President Aquino to declare a state of emergency or crisis in the power sector to allow the government to tap additional power capacity next year.

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ADB cuts SE Asia growth to 4.7%

ADB cuts SE Asia growth to 4.7%

The Asian Development Bank (ADB) has cut its growth forecast for Southeast Asia this year, as the Thai coup, Indonesia’s mineral export ban and industrial park riots in

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DBS downgrades PHL’s export forecast

DBS downgrades PHL’s export forecast

REGIONAL banking giant DBS downgraded its forecast on the local export growth owing to slower economic recovery and uncertainty of the demand for electronic products. DBS Bank said export growth is

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BIR misses June target, sets audit of big taxpayers

BIR misses June target, sets audit of big taxpayers

The Bureau of Internal Revenue (BIR) posted a 6% year-on-year increase in revenue for June but still missed its tax collection target for the month, the agency said Friday, July 18. The agency coll

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DOTC vows to wipe out transpo backlog in 10 yrs

DOTC vows to wipe out transpo backlog in 10 yrs

The Aquino administration aims wipe out the backlog in transportation infrastructure in the Philippines over the next five to 10 years. “We envision erasing the backlog in transportation infrastr

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

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 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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With integration comes price competition

With integration comes price competition

Q: Next year, the Asean integration will start. We’re in glassware manufacturing and are worried about the coming price competition. We read, for example, that BDO president Nestor Tan said that it

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‘Henry’ now a storm, enters PAR

'Henry' now a storm, enters PAR

Tropical cyclone "Henry" has intensified into a storm as it entered the Philippine Area of Responsibility, the state weather bureau said Friday. In its latest weather bulletin, the Philippine Atmos

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Asian shares mixed after Wall St. rally

Asian shares mixed after Wall St. rally

Asian shares were mixed Thursday after the Dow on Wall Street ticked up another record high in response to strong earnings and a positive outlook on the US

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P2.3 B worth of agriculture, fisheries assets damaged by Glenda

P2.3 B worth of agriculture, fisheries assets damaged by Glenda

Typhoon Glenda damaged P2.324 billion worth of agriculture and fisheries assets, the Department of Agriculture (DA) reported yesterday. In a briefing at the DA head office in Quezon City, Agricultu

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‘Power fully restored in Metro Manila by Friday’

‘Power fully restored in Metro Manila by Friday’

Energy Secretary Carlos Jericho Petilla said Thursday, July 17, they expect power to be fully restored in Metro Manila and the rest of the Meralco franchise area by 10 pm Friday, July 18. “Metro

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US remittance clampdown worries central bank

US remittance clampdown worries central bank

Local officials have raised concerns over recent rules in the United States, which may constrict the flow of remittances to the Philippines, threatening the country’s largest source of dollars. S

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LPA may develop into a tropical cyclone in 24 hours

LPA may develop into a tropical cyclone in 24 hours

As Typhoon Glenda (Rammasun) leaves the Philippines, a new weather disturbance could soon visit the country. State weather bureau PAGASA, in its 5 am bulletin for Glenda, said it has spotted a new

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How to Make Sense of PAGASA’s Color-Coded Rainfall Advisories

How to Make Sense of PAGASA's Color-Coded Rainfall Advisories

How to make sense of PAGASA’s color-coded rainfall advisories

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Philippine peso: On the way to 42?

Philippine peso: On the way to 42?

Two months ago, we presented scenarios for the peso (seeScenarios for the Peso, May 5, 2014), one of which calls for the peso breaking below 44

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Inflation seen to average 4.1% this year

Inflation seen to average 4.1% this year

Economists expect inflation to remain elevated this year amid higher food prices and pending increases in power rates, according to a recent Bangko Sentral ng Pilipinas surv

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DTI urges Sunday work to ease port congestion

DTI urges Sunday work to ease port congestion

Trade Secretary Gregory Domingo said clogged trade at the Manila ports could take two more months to normalize and could slow exports growth this year. Domingo thus urged shippers - importers and e

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Economic managers cite DAP ‘impact’ in 2013 memo to Aquino

Economic managers cite DAP ‘impact’ in 2013 memo to Aquino

The Department of Budget and Management (DBM) on Friday, July 11, released the memorandum sent by the country’s economic managers to President Benigno S. Aquino III towards end-2013, recommending th

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EIU raises PH credit rating

EIU raises PH credit rating

The credit-standing of the Philippines got its second boost in less than a month, with an international body recognizing the country’s improved political

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P-Noy likely to leave post in 2016 without meeting 58 of his targets

P-Noy likely to leave post in 2016 without meeting 58 of his targets

AROUND 58 targets set by the  Aquino administration in the Philippine Development Plan (PDP) may not be met by 2016, according to the Philippine Statistics Authority (PSA). Based on the PSA’s

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MAP urges gov’t to reconsider harmonized taxes on power

MAP urges gov’t to reconsider harmonized taxes on power

The Management Association of the Philippines (MAP) has urged the government to revisit the recommendation of the United States Agency for International Development (USAID) to harmonize taxes on power

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PHL plans P50-billion debt swap

PHL plans P50-billion debt swap

The Philippines will hold its first peso-debt exchange since 2011 by the end of the year and may continue buying back global bonds in 2015 before interest rates rise, Treasurer Rosalia V. de Leon said

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Mandaluyong gets DOTC OK to build own rail line

Mandaluyong gets DOTC OK to build own rail line

MANILA, Philippines - The Mandaluyong City government has received clearance from the Department of Transportation and Communications (DOTC) to build its own rail line, which will connect the city hal

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Agro-industrial zone investments reach P27.5B

Agro-industrial zone investments reach P27.5B

Investments in 18 agro-industrial economic zones have reached P27.516 billion providing direct employment to 45,643 Filipinos in the regions, according to Philippine Economi

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Bottom-Up Budgeting: CY 2014

Bottom-Up Budgeting: CY 2014

The Department of Budget and Management (DBM), Department of the Interior and Local Government (DILG), Department of Social Welfare and Development (DSWD), and the National Anti-Poverty Commission (NA

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Japan-based R&I upgrades PHL’s credit rating to ‘BBB’

Japan-based R&I upgrades PHL’s credit rating to ‘BBB’

The Philippines bagged another credit-rating upgrade, this time from Japan-based Rating and Investment Information Inc. (R&I), on the basis of the significantly improved per capita income posted b

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Global economic losses from calamities and disasters exceeded $100 billion in 2013

Global economic losses from calamities and disasters exceeded $100 billion in 2013

Major reported disasters in 2013 caused direct economic losses of over $100 billion, according to the latest figures released on Monday by the United Nations Office for Disaster Risk Reduction (UNISDR

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Globe, PLDT expand interconnection arrangements

Globe, PLDT expand interconnection arrangements

MANILA, Philippines – Ayala-led Globe Telecom Inc. and dominant carrier Philippine Long Distance Telephone Company (PLDT) are further expanding their inte

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PSEi breaches 7,000 mark

PSEi breaches 7,000 mark

The local stock barometer Monday retested the 7,000-mark for the first time this year but profit-taking amid valuation concerns pared gains at the close.

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Miners to Palace: Proposed tax scheme to weigh on investments

Miners to Palace: Proposed tax scheme to weigh on investments

MANILA, Philippines – Saying it would discourage investments in mining, industry players asked Malacañang to review the 

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AU Government will bring carbon tax repeal bill as first order of business

AU Government will bring carbon tax repeal bill as first order of business

 

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PHL insulated vs China slowdown

PHL insulated vs China slowdown

The Philippines is in the best position to withstand a potential slowdown of growth in China due to the country’s relatively low China-bound exports compared to peer countries in the region, a unit

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UN E-Government Readiness Survey 2014

UN E-Government Readiness Survey 2014

"The Philippine Government has set up an online portal on public-private partnership to attract private partners to invest not only in traditional infrastructure projects, such as power, transportatio

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Congress fails to pass bill extending CARP

Congress fails to pass bill extending CARP

The Comprehensive Agrarian Reform Program (CARP) will end on Monday, the chairman of the agrarian reform committee of the House of Representatives said yesterday.

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New immigration rules could imperil DOT tourists targets

New immigration rules could imperil DOT tourists targets

THE new rules of the Bureau of Immigration (BI) on filling out disembarkation cards could result in lower visitor arrivals for the Department of Tourism (DOT), thus, imperiling its annual visitors tar

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Goods, services sold to ecozone locators VAT exempt–CTA

Goods, services sold to ecozone locators VAT exempt–CTA

The Court of Tax Appeals (CTA) has ruled that goods and services sold to entities inside economic zones in the Philippines are not subject to the value-added tax (VAT) because such sale is considered

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With poor logistics, how can we compete globally?

With poor logistics, how can we compete globally?

By: Benjamin E. Diokno   WITH ASEAN integration just around the corner, there is pressure for each member country to be globally competitive. Much has been written about the Philippines’

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Company registration bill passes into law

Company registration bill passes into law

Commerce Minister Craig Foss today welcomed the passing of a bill to protect New Zealand’s international reputation as a trusted place

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IATA urges aviation sector to tap IT in improving passenger service

IATA urges aviation sector to tap IT in improving passenger service

The  International Air Transport Association (IATA) has urged aviation stakeholders to develop and use information technology (IT) to drive improvements in the passenger experience. “We must

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PCCI hits plan to return preshipment inspection

PCCI hits plan to return preshipment inspection

THE Philippine Chamber of Commerce and Industry (PCCI) is warning the government against reinstalling preshipment inspection system (PSIS), saying this is another hurdle countering trade facilitation.

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PHL’s use of rice quantitative restriction extended

PHL’s use of rice quantitative restriction extended

New quantitative restriction (QR) schemes on rice imports are set to be put in place by the government to protect the farmers from the possible onslaught of imported cheap rice, the Department of Agri

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Foreign chambers ‘bugging’ Congress on Cha-cha move

Foreign chambers ‘bugging’ Congress on Cha-cha move

Written by Jovee Marie N. Dela Cruz \ FOREIGN  investors are keenly awaiting the outcome of the Charter- Change (Cha-cha) initiatives in both houses of Congress to relax the foreign-ownership

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New Zealand eyes bigger local BPO back-office operations

New Zealand eyes bigger local BPO back-office operations

Written by Catherine N. Pillas NEW Zealand, buoyed by the booming business-process outsourcing (BPO) sector in the Philippines, sees growing interest from its companies to outsource back-office ope

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Bureau of Customs: A few good men

Bureau of Customs: A few good men

Bureau of Customs: A few good men Stronger participatory governance in the Bureau of Customs could be the best safeguard for sustaining reforms beyond 2016

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Senate OK’s 4 landmark bills to boost public health, banking sector and consumer protection

Senate OK's 4 landmark bills to boost public health, banking sector and consumer protection

Senate OKs 4 landmark bills to boost public health, banking sector and consumer protection

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Enhancement measures/safety nets — ASEAN mutual recognition arrangements on engineering services

Enhancement measures/safety nets — ASEAN mutual recognition arrangements on engineering services

Enhancement measures/safety nets — ASEAN mutual recognition arrangements on engineering services

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BSP expects more mergers among small banks

BSP expects more mergers among small banks

A number of rural and cooperative bank merger and consolidations is expected to occur this year, a Bangko Sentral ng Pilipinas or BSP (central bank) official said. The central bank has been supporting

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TRO on P10Bn Palawan project drives investor away

TRO on P10Bn Palawan project drives investor away

An affiliate company of the Manila Ocean Park at Rizal Park backed out from its plan to put up a P10-billion resort hotel in Coron, Palawan after the National Commission on Indigenous Peoples (NCIP) i

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Foreign chambers urge government to address truck ban issue

Foreign chambers urge government to address truck ban issue

The Joint Foreign Chambers (JFC) and Semiconductor and Electronics Industries in the Philippines Inc. (SEIPI) are calling on the government to come up with measures to address the expected rise in tra

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More firms to raise funds from bond market

More firms to raise funds from bond market

The Philippine Dealing and Exchange Corp. (PDEx) expects to grow by leaps and bounds the amount of money raised in the bond market as companies scramble to take advantage of the liquidity in the marke

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Manufacturing growth eases in February

Manufacturing growth eases in February

Factory output growth further eased in February, with preliminary results of the Monthly Integrated Survey of Selected Industries showing the volume of production index up by 1.2% year on year, slowin

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FDI rose in January due to positive sentiment

FDI rose in January due to positive sentiment

Net foreign direct investments (FDI) rose in January from a year ago, the Bangko Sentral ng Pilipinas (BSP) reported, on the back of positive sentiment on the Philippine economy’s prospects. Net FDI

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