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December 12, 2016 - In the News

PH to maintain high growth in 2017

December 12, 2016 - In the News

PH to maintain high growth in 2017

The Philippines is expected to continue enjoying favorable growth-and-inflation dynamics next year as more opportunities open up that could outweigh the impact of external headwinds. In an investor conference call organized by the Investor Relations Office (IRO), economic officials told local and foreign fund managers and analysts, as well as other international stakeholders, that the... continue reading
December 12, 2016 - In the News

Reforms, growth expected to weather politics

December 12, 2016 - In the News

Reforms, growth expected to weather politics

POLITICAL ISSUES are unlikely to derail the Philippines’ robust growth prospects as economic reforms are expected to stay on track, Nomura analysts said in a new report. “The main risk to our otherwise positive view stems from domestic politics, specifically an escalation of the campaign against drugs, which could continue to weigh on investor sentiment,”... continue reading
December 12, 2016 - In the News

New foreign investment negative list due by May

December 12, 2016 - In the News

New foreign investment negative list due by May

THE National Economic and Development Authority, along with Congress, will be coming up with an updated Foreign Investments Negative List (FINL) by May. The foreign investment negative list was last updated in 2015 and maps out investment areas where foreign investment is prohibited or restricted to a minority stake. According to Rosemarie G. Edillon, Undersecretary... continue reading
December 12, 2016 - In the News

AIIB entry boosts Phl econ agenda

December 12, 2016 - In the News

AIIB entry boosts Phl econ agenda

MANILA, Philippines – The China-led Asian Infrastructure Investment Bank (AIIB) will help in the fulfillment of President Duterte’s 10-point socio-economic agenda and enable the Philippines to improve infrastructure in the country for rapid and inclusive economic growth, the Department of Foreign Affairs (DFA) said. The Senate gave its concurrence to the ratification of the Articles... continue reading
December 9, 2016 - Bid Announcement

Bulletin No. 1 – Supply, delivery and installation of Videoconference and Teleconference Units

December 9, 2016 - Bid Announcement

Bulletin No. 1 – Supply, delivery and installation of Videoconference and Teleconference Units

Bulletin No. 1 – Supply, delivery and installation of Videoconference and Teleconference Units
December 8, 2016 - In the News

AF Payments to further expand beep card usage

December 8, 2016 - In the News

AF Payments to further expand beep card usage

BEEP card holders can now reload and make purchases in FamilyMart stores after the contactless payment provider inked a partnership deal with the Japanese convenience store. The Ayala and Metro Pacific groups’ tandem and the Japanese chain said on Tuesday that starting Dec. 7, beep card holders can reload and pay for their purchases at... continue reading
December 8, 2016 - In the News

Infrastructure buildup requires P8 trillion over 6 years

December 8, 2016 - In the News

Infrastructure buildup requires P8 trillion over 6 years

The government on Monday committed to mobilize more or less P8 trillion over the next six years to underwrite the ambitious infrastructure buildup program of President Duterte. This was learned from Finance Secretary Carlos G. Dominguez III, who said the National Economic and Development Authority (Neda) has already approved an initial list of 18 big-ticket... continue reading
December 8, 2016 - In the News

ANZ upgrades GDP forecasts for Philippines

December 8, 2016 - In the News

ANZ upgrades GDP forecasts for Philippines

ECONOMISTS at ANZ Research have revised upward the bank’s growth forecast for the Philippines for this year and 2017, taking into account an above 7% expansion seen during the third quarter and the sustained strength in private investment which are seen supporting the country’s robust growth story. They said Philippine gross domestic product (GDP) is... continue reading
December 8, 2016 - In the News

BoI planning consultations on Investment Priorities Plan

December 8, 2016 - In the News

BoI planning consultations on Investment Priorities Plan

THE Board of Investments (BoI) is conducting a series of consultations this week with various stakeholders on the proposed 2017 Investment Priorities Plan (IPP). In a statement, BoI said that it held a public hearing yesterday in Cebu, adding that it would hold another one on Dec. 7 in both Manila and Mindanao. This is... continue reading
December 8, 2016 - In the News

ADB seeks more aid for aspiring middle income countries

December 8, 2016 - In the News

ADB seeks more aid for aspiring middle income countries

MANILA, Philippines – As more countries in the Asia-Pacific region reach middle-income status, the Asian Development Bank (ADB) and other multilateral donors must increase financial support to help these countries sustain the growth momentum and deal with income inequality, said an ADB independent evaluation report. The report titled “The Asian Development Bank’s Engagement with Middle-Income... continue reading

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