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Duterte Admin awaits financing cooperation with AIIB on big-ticket projects

Duterte Admin awaits financing cooperation with AIIB on big-ticket projects

MANILA, Dec. 13 – The Duterte administration awaits promising development and financing cooperation with the Asian Infrastructure Investment Bank (AIIB) to help fund the country’s big-ticket infrastructure projects, according to National Treasurer Roberto Tan. Tan said that following last week’s ratification by the Senate of the Articles of Agreement formalizing the Philippines’ entry as a... continue reading

Biz heads see airport improvements to continue despite GM change

Biz heads see airport improvements to continue despite GM change

LOCAL business leaders are optimistic that improvements on the Mactan-Cebu International Airport (MCIA) will continue even as the facility’s general manager will be replaced this week. Gordon Alan Joseph, president of the Cebu Business Club (CBC), said he would not expect any changes in the ongoing airport expansion and other improvement programs. Starting Wednesday, lawyer... continue reading

PPP Orientation for Local Economic and Investment Promotions Officers (LEIPOs) in Region 12

PPP Orientation for DTI Region XII

PPP Orientation for Local Economic and Investment Promotions Officers (LEIPOs) in Region 12

The Orientation on PPP Concepts and Processes for LGUs in Region 12 was held on Dec. 8-9, 2016 at Phela Grande Hotel, General Santos City.

MRT-7 Start of Construction Ceremony

MRT-7 Start of Construction Ceremony

MRT-7 Start of Construction Ceremony

State firms improve budget use

State firms improve budget use

MANILA, Philippines – Government agencies improved their capacity to spend the budget as of the third quarter, but nearly P1 trillion remained with them, leaving it at risk of being cancelled by the end of the year. A total of P1.06 trillion in obligations had been entered into from January to September, accounting for 64.2... continue reading

South Korean manufacturers express interest in PHL investment, expansion

South Korean manufacturers express interest in PHL investment, expansion

THE Trade Secretary met with officials of large South Korean manufacturing companies last week, with the latter considering investment and expansion plans here in the Philippines in light of the country’s fast-growing economy. Department of Trade and Industry Secretary Ramon M. Lopez told reporters yesterday that he met with over 200 company officials last week... continue reading

Major Korea companies keen on Phl investments

Major Korea companies keen on Phl investments

MANILA, Philippines – Major Korean investors are keen on making their foray into the country or to expand their existing operations, citing the increasingly favorable Philippine business climate, the country’s Trade chief said. Among these plans include Shinhan Bank Group’s diversification outside banking and SFA Semicon Co. Ltd.’s multi-million dollar expansion in Clark, Trade Secretary... continue reading

PSPC, other Korean companies expanding their Clark operations

PSPC, other Korean companies expanding their Clark operations

Korean firms led by Phoenix Semiconductor Philippines Corp. (PSPC), a subsidiary of Korean firm SFA Semicon Co. Ltd., is seen pouring an initial $100 million to expand its semiconductor facility in Clark Special Economic Zone that will create more than 1,000 jobs until 2018. Trade and Industry Secretary Ramon M. Lopez held a business roundtable... continue reading

Robust economic growth seen for Philippines

Robust economic growth seen for Philippines

MANILA, Philippines – Economic managers are confident the Philippines would continue to enjoy a robust economic growth next year as more opportunities open up and outweigh the impact of external headwinds. Officials told local and foreign fund managers and analysts, as well as other international stakeholders in an Investor Conference Call organized by the Investor... continue reading

Despite fragile environment, PH growth seen to remain robust

Despite fragile environment, PH growth seen to remain robust

Inflation is expected to remain manageable next year while economic growth would remain robust amid solid macro fundamentals, the government’s Investor Relations Office (IRO) said. Citing statements made by monetary and economic planning officials during an investor conference call last week, the IRO said in a statement that the country would “continue enjoying favorable growth-and-inflation... continue reading