PHILIPPINE factories ramped up production for the ninth straight month in March, led by the double-digit growth in 10 out of the 20 major sectors.
May 112016
May 112016
In the past few years, our country’s credit rating has improved. From being tagged as the “sick man of Asia,” the Philippines is currently rated “investment-grade” by three of the major global credit rating agencies. Based on the publications issued by the outgoing administration, the increase in rating can be attributed to the strong performance of the service sector, trade, real estate and business activities, and manufacturing and construction subsectors.
May 102016
INVESTMENTS in major mining projects last year totaled $924.94 million, down by 22.5% from the total investments of $1.193 billion in 2014, the Mines and Geosciences Bureau (MGB) said in a statement on Tuesday.
May 102016
ENERGY Secretary Zenaida Y. Monsada has enumerated a list of ongoing and unfinished initiatives that she hopes the next administration will continue.
May 102016
REPOWER Energy Development Corp. has partnered with food and fishing conglomerate Frabelle and TSP Marine Group to embark on a 3-megawatt (MW) run-of-river mini-hydropower plant in Upper Labayat in Quezon province.
May 092016
THE PHILIPPINES will become increasingly dependent on Southeast Asian countries for imported goods amid the region’s economic integration, the Department of Finance (DoF) chief economist said.
May 092016
THE Philippines is expected to maintain a current account surplus this year given expectations of sustained double-digit growth in the business process outsourcing (BPO) sector, with the industry estimated to have grown by 16.4% in 2015.
May 092016
With the conclusion of the 2016 Presidential elections yesterday, will Filipinos’ hopes for lower income taxes finally see light under the new administration? Despite the growing clamor of the public and endorsements of income tax cuts from both houses of the Congress and business groups, the current administration stood firm against these reforms.
May 082016
FACTORY output likely grew further in March but may have cooled from the pace seen during the previous month, Moody’s Analytics said, with the expansion seen sustained for the rest of the year as effects of the dry spell wane.
May 082016
THE Philippine electronics industry needs a strategy similar to what the Trade department drafted for the automotive sector, as margins from semiconductors have been going down every year, an industry official said.