CEBU CITY — Emerging markets in the Asia-Pacific Region could help drive the global economy in the future although key reforms are needed to achieve this, a private sector advisory council to members of the Asia-Pacific Economic Cooperation (APEC) told the bloc’s Finance Ministers.
THE POWER SUPPLY is expected to sufficient next year, an official of the Department of Energy (DoE) said, adding that Mindanao will also recover from its supply problems by the first half of 2016, though the southern island may also suffer the worst of the El Niño weather phenomenon, an official said.
Emotions can get the best of us at times, and “thinking before acting” often saves us from many wild ideas brought about by intense emotion. Tax regulations often inspire such intense emotions, as manifested in comments on social media regarding new tax issuances. Of course such issues are not resolved via social media. Regulations that a taxpayer wishes to question will require the filing of a formal plea before a court. Which brings about the key question: which court should you file a complaint with?
MANILA, Philippines – While investors swamped the latest debt exchange by the government, most of them flocked to the longer termed securities on offer as they look at locking funds for the future still seen stable with high growth and low inflation. Around 65 percent—or P255 billion—in tenders to the current debt swap were for bonds maturing in 2040, or for a term of 25 years, the longest maturity being offered by the government, National Treasurer Roberto Tan said yesterday. The remaining balance, around P133 billion, wanted to swap for 10-year 2025 securities. The government is authorized to issue up to P300 billion. Results of the bond swap will be announced today. “The demand was very encouraging. We are not saying that we will be accepting everything though. It depends on the yield that we will accept,” Tan told reporters after the regular Treasury bill auction. Factors that will be considered, Tan said, include potential for interest savings for the government, the duration of payments, as well as the extension it will create on the average maturity of state debts. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 Easily though, Tan said the debt swap would lengthen average government maturities by “additional 10 years.” The Philippines launched its local bond exchange last Aug. 26 in what Finance Secretary Cesar Purisima said was a way to “proactively manage the government’s debt portfolio.” Aside from the debt swap, the government also put on offer new 10-year bonds, proceeds from which will Read More …
MANILA, Philippines – Davao, one of the safest cities in the Philippines and in the world, is eyeing an additional 20 to 30-percent increase in international tourists over the next three years. The Davao region is specifically looking into potential markets in Singapore and Russia to further boost its tourism activities. Currently, only 10 percent of the market share goes to foreign arrivals and the remaining 90 percent is accounted for by domestic travelers. “We are happy with the domestic (tourists). But the 20- to 30-percent in international will be a very big increase and will allow the industry to grow,” Department of Tourism (DOT) Region 11 director Roberto Alabado III said. He added their goal is to attract more visitors from nearby areas aside from the Americans, Japanese and Koreans which are the top three foreign visitors of the region. Alabado reiterated what DOT Secretary Ramon Jimenez Jr. said that spending, length of stay and receipts are the indicators that should be looked into, and not the quantity of tourist arrivals in the country. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 The region is also gearing up for its Visit Davao Fun Sale (VDFS) summer of next year that aims to boost tourism activities in the area, to increase tourist arrivals and to become a venue for public-private sector collaboration. The VDFS 2015 last April 3 to May 17 was participated by more than 250 establishments and posted a 38 percent increase in occupancy rate for April Read More …
How management chooses to treat its people impacts everything — for better or for worse. – Simon Sinek Allow me to share a development in my career: Investors in People (IIP), a UK-based organization that provides advice and assessment services to help companies focus their people management on their business priorities, recently awarded accreditation to me as an Investors in People Specialist. It is an honor to be considered a specialist of an internationally recognized framework that helps organizations improve their performance and realize their objectives through the effective management and development of their people. It is a doubly amazing for me to be one of the select few in the Philippines. There are only eight as of the moment. To be part of this elite group of seasoned people management and organizational development professionals is quite humbling. Most people congratulate me for getting a new job, but actually, it’s not. Being with IIP actually complements my existing work and business. Lifestyle Feature ( Article MRec ), pagematch: 1, sectionmatch: The author with David Dale, Operations Director of Investors in People International and other IIP specialists. David said in his confirmation letter, “I am very happy to confirm Boris’s registration as an Investors in People Specialist Advisor and Assessor, and I believe he will be a valuable asset to IIP in the Philippines and in the wider Investors in People international community for many years to come.” As an IIP Adviser, I get to support and guide organizations who are pursuing Read More …
THE CEBU ACTION Plan for Asia-Pacific Economic Cooperation (APEC) members is expected to boost the share of public-private partnership (PPP) projects to as much as 40% of the Philippines’ infrastructure requirements by 2020, an official said.
A THINK TANK which counts former senior economic ministers as its members has revived its call to lift restrictions on foreign ownership, saying there is “much to be gained” if the cap is relaxed.
DIPOLOG CITY — Farm produce in Mindanao is sufficient and competitively priced, but farmers have no direct access to major buyers such as the multinational food companies, according to an executive of the Philippine Chamber of Commerce and Industry (PCCI).
INSTEAD OF SUPPORTING the mining revenue sharing bill drafted by the Executive, industry officials said they are more likely to back a separate fiscal regime proposal which they find more attuned to their needs.