Maniolas

DBS BANK Ltd. has raised its growth forecast slightly for the Philippine economy this year amid expectations of accelerated state spending and still-robust domestic consumption.

THE 2015 collection target of the Bureau of Internal Revenue (BIR) is P1.72085 trillion. As part of its effort to achieve the goal, earlier this year the BIR issued Revenue Memorandum Circular No. 3-2015 (RMC No. 3-2015) outlining 27 Priority Programs for 2015.

THE MOST expensive public-private partnership (PPP) deal in the government pipeline is set to be rolled out within the first half of the year, once it secures final approval from President Benigno S. C. Aquino III this month, a Transportation department official said.

Chan receives his trophy as he is inducted into the World Entrepreneur Of The Year Hall of Fame. MANILA, Philippines – Entrepreneur of the Year Philippines recently launched its 2015 search for the best Filipino entrepreneurs with the theme “Game Changers.” Entrepreneurs know that winning the game often means changing it for the better. Capitalizing on their strategic vision, they see the possibilities and opportunities that others cannot. They bring about positive transformation by applying creative innovation infused with dauntless determination. As game changers, entrepreneurs support a greater purpose, which is to improve the current business landscape. Ben Chan, Entrepreneur Of The Year Philippines in 2013, personifies these attributes.  The chairman of the board of Suyen Corporation represented the Philippines in World Entrepreneur Of The Year awards held in Monte Carlo in June 2014.  He looks back to the experience as a defining moment in his entrepreneurial career. Chan, whose fashion brand Bench embodies Filipino style, design ingenuity and world-class quality, joined top business leaders from 60 countries at the prestigious event.  He relates, “Taking things on a global scale raises the bar all together. It was truly a proud moment, but surreal at the same time, to be in the company of an elite group of global entrepreneurs specializing in various industries. I was just in awe learning about their own businesses, how they started and got to where they are. It was such an unforgettable moment.” Most memorable to him was when the country winners were introduced at Read More …

MANILA, Philippines – A unit of International Container Terminal Services Inc. (ICTSI) of gaming and port mogul Enrique Razon has been affected by work stoppages and slowdowns in Portland, Oregon. A company statement said operations of ICTSI Oregon Inc. at the Port of Portland’s Terminal 6 has been hampered by work stoppages and slowdowns by members of the International Longshore and Warehouse Union (ILWU).  “The ILWU has escalated its efforts against ICTSI Oregon Inc. as of late, far beyond what other West Coast ports are experiencing,” the company said. ICTSI said ILWU engaged in approximately 36 work stoppages and slowdowns of various types and for varying durations during the Christmas holidays. It added that similar efforts, along with intentional labor shortages, have continued into the first month of 2015.  Last week, ILWU ordered a 12-hour work stoppage commencing at 7 a.m. and some members worked during the morning but walked off the job without notice at 1:15 p.m.  Business ( Article MRec ), pagematch: 1, sectionmatch: 1  “Work stoppages like this cause serious hardship to truckers, shippers, and the general public,” ICTSI added. The port operator pointed out that productivity at Terminal 6 continued to fall well below acceptable historical levels.  ILWU labor was producing approximately 24.8 moves per hour prior to the labor dispute that started in June 2012. However, ILWU labor productivity fell 47 percent to 13.2 moves per hour in the last quarter of 2014.  “This level of production is far below industry as well as Terminal Read More …