GENERAL BUSINESS ENVIRONMENT

Phl may stop exports of unprocessed minerals

9 March, 2017 at 13:00

The Philippines is likely to lose its tag as the world’s top nickel ore exporter as the government may halt the export of unprocessed minerals as part of efforts to revive the country’s iron and steel industry, an official from the Department of Environment and Natural Resources (DENR) said yesterday.

5 China firms eye $10-B PH projects

9 March, 2017 at 10:30

Five Chinese firms are interested to set up shop in the country, promising projects with a total estimated value of at least $10.3 billion (about P518 billion), the Board of Investments (BOI) said Friday.

BY 2030: Manufacturing to triple jobs to...

9 March, 2017 at 08:30

The number of workers in the manufacturing sector is targeted to triple to 10 million by 2030 as industries make a big push for industrialization, according to Roberto Batungbacal, vice president of the American Chamber of Commerce of the Philippines (Amcham).

Manufacturing must do more to generate jobs...

8 March, 2017 at 16:26

“The manufacturing sector is seen as a key driver in accelerating economic growth in a country that would have a population of 200 million by 2050. The goal is to create a globally competitive manufacturing sector that would contribute…

P186B facelift of Clark airport proposed

8 March, 2017 at 14:30

JG Summit Holdings Inc and the Filinvest Group have offered to improve the Clark International Airport for P186.64 billion, according to Robert Lim, Department of Transportation undersecretary.

Gov’t starts review of mines closure

8 March, 2017 at 12:00

The review of the existing 28 mines ordered closed by the Department of Environment and Natural Resources (DENR) is set to kick off today.

Duterte approves National Broadband Program

8 March, 2017 at 09:38

President Duterte approved the establishment of a National Government Portal and a National Broad Plan during the 13th Cabinet meeting in Malacañang yesterday.

Customs moves to put a lid on...

7 March, 2017 at 16:30

President Duterte made it clear from the very start: he is going to eradicate corruption, crime and criminality in his six years in office.

Bello to sign new order on contractualization

7 March, 2017 at 15:30

Labor Secretary Silvestre Bello III is set to sign tomorrow a new department order that will set the contractualization policy of the administration.

Manufacturing investments to double this year –...

7 March, 2017 at 14:02

The Board of Investments (BOI) sees a doubling of this year’s share of manufacturing projects in the country’s total investment generation in light of strong interests, particularly from Chinese and Japanese manufacturing companies.

Bundle… unbundle

6 March, 2017 at 11:30

There were two low hanging fruits at DOTr when Sec Art Tugade assumed office.

The integrity of the foreign secretary

6 March, 2017 at 09:47

The position of foreign secretary is the most sensitive of any Cabinet position in any government because he is literally the official face of the country in dealing with foreign governments and the international media.

Rody open to amending ‘endo’ ban

3 March, 2017 at 18:00

President Duterte is open to amending the labor department’s order prohibiting “endo” or end of contract and other “labor only” contracting practices, Malacañang said yesterday.

Snail’s pace

3 March, 2017 at 17:00

I sometimes wonder if Congress really does represent the people. Everyone is fed up with the traffic chaos that President Benigno Aquino III left us with, our inability to get to work and the hours we spend away from our families.

Big haul of fake tax stamps

3 March, 2017 at 16:11

Joint operations of the bureaus of Customs and of Internal Revenue on Wednesday yielded a total of 23.2 million packs of cigarettes reportedly manufactured by homegrown manufacturer Mighty Corp. that bore fake tax stamps, depriving the government of some P696 million in unpaid taxes.

Assemblers, importers buck move to raise tax...

2 March, 2017 at 12:30

The automotive industry has submitted a position paper to Congress asking legislators to reconsider the proposal to raise the excise tax on cars.

CIAC seeks release of P2.8-B airport development...

2 March, 2017 at 11:30

The government should release Clark International Airport (CRK)’s P2.89-billion development fund immediately now that flights and passengers have increased versus 3-5 ago, urged Clark International Airport Authority (CIAC) President and CEO Alexander Cauguiran.

US-ASEAN FTA not feasible under Trump

2 March, 2017 at 10:05

Even a bilateral free trade agreement (FTA) with ASEAN, which groups the ten member nations in Southeast Asia, is not going to be possible with the US given the thrust of the new Trump administration for bilateral trade deals instead of multilateral trade arrangement…

Mitsubishi eyes PHL to be ‘3rd pillar...

1 March, 2017 at 16:22

Mitsubishi Motors Corp. is setting a long-term vision of making the Philippines its third pillar of exports in Asia, starting with its participation in the government’s manufacturing stimulus program, the Comprehensive Automotive Resurgence Strategy (CARS).

US refocuses on bilateral trade deals —...

1 March, 2017 at 15:00

With the United States looking to drop the Trans Pacific Partnership (TPP) trade scheme, US Ambassador to the Philippines Sung Kim said Washington will be leaning towards bilateral free trade agreements (FTAs).

Gov’t sets infra links for 12 industries

28 February, 2017 at 16:22

Twelve priority manufacturing and service industries are set to benefit from an infrastructure convergence program of the Department of Trade and Industry (DTI) and the Department of Public Works and Highways (DPWH).

[EDITORIAL] Economic repercussions

28 February, 2017 at 09:55

If President Duterte and his officials think their controversial actions and pronouncements here have no serious repercussions on the Philippines’ economic relations with other countries, they should think again.

Senate ousts Drilon, LP senators from key...

27 February, 2017 at 16:49

The Senate on Monday, February 27, stripped 3 Liberal Party senators and their ally of committee chairmanships, following the arrest of their party mate Senator Leila de Lima.

Foreign investment pledges down

27 February, 2017 at 13:30

Investment commitments of foreign firms dropped by a tenth last year, dragged by year-on-year declines during the last two quarters or the first six months of the Duterte administration, the latest Philippine Statistics Authority (PSA) report showed.