THIS YEAR’S volume of global trade is expected to rise by 2.8%, unchanged from the previous year’s, before expanding by 3.6% in 2017, economists at the World Trade Organization (WTO) said yesterday.
Apr 082016
Apr 082016
THE GOVERNMENT has created a roadmap aimed at increasing dairy production output by 2020 by means of enhancing the processing efficiency of these products.
Apr 072016
HONGKONG and Shanghai Banking Corp. (HSBC) has raised its growth forecast for the Philippines this year to a level slightly higher than 2015’s as prospects remain stellar, highlighted by an estimated above-7% rise in the first quarter.
Apr 072016
DAVAO CITY — The 200-hectare (ha) reclamation and port project here, as proposed by Mega Harbour Port Development, Inc. to the city government, will undergo another Swiss challenge as the matter is elevated to the agencies of the national government.
Apr 072016
DAVAO CITY — The shortfall on the Mindanao power grid has again widened after one of the two 150-megawatt (MW) coal-fired plants of Therma South Inc. (TSI) was shut down following a tripping of the transmission line in Toril, Davao City on Wednesday afternoon.
Apr 062016
THE AGRICULTURE department is maintaining its overall output growth targets for 2016 despite extensive damage from El Niño, saying that livestock, poultry and other crops will help offset losses to grain production caused by the severe dry spell.
Apr 062016
THE PHILIPPINE economy likely grew by 5.9% during the first quarter, an economist from ING Bank N.V. Manila said, with election spending likely to sustain robust expansion throughout the first half of 2016.
Apr 062016
Due process is the cornerstone of democracy. It safeguards our right to life, liberty and property against the arbitrary or excessive use of the state’s power. In a recent decision (CTA Case No.8593, 9 February 2016), the Court of Tax Appeals (CTA) reiterated the doctrine that when an administrative rule is not merely interpretative in nature, the issuing agency is strictly required to accord the process to those directly affected before the issuance is given the force and effect of law. In context, a rule is not interpretative when it goes beyond merely facilitating the implementation of the law and instead, effectively increases the burden of taxpayers.
Apr 052016
PRESIDENT Benigno S. C. Aquino III’s would-be successors have provided few clues about their policy intentions, but he leaves the Philippine economy in sufficiently good shape to sustain growth of about 6%-7% per annum, research firm Capital Economics Ltd. said.
Apr 052016
THE LOCAL boards tasked with managing protected areas have been ordered to revisit their fire prevention strategies, the Environment department said, after grass fires swept across four major mountains in Mindanao and on Negros Island.