THE Department of Agriculture (DA) said it will have to resort to random checks of imported foods instead of plans for a total inspection regime because of cold storage and personnel constraints at ports of entry.
Dec 012016
Dec 012016
TOTAL investment is expected to post strong growth this year, continuing to drive a buoyant economy, but the indicator will likely ease off in the next few years, DBS Group Research said in a report.
Nov 292016
THE Board of Investments (BoI) reported that investment pledges for November hit P28.5 billion, up from P14.4 billion a year earlier, on the strength of three big-ticket projects in renewable energy and manufacturing.
Nov 292016
DEMAND for retail space will remain strong with the rising purchasing power of Filipino consumers, helping temper unprecedented levels of supply this year, according to a property consultancy.
Nov 292016
THE Trade department said it will submit a set of recommendations to Malacañang setting the policy direction for the manufacturing industry, based on findings from the recently concluded Manufacturing Summit 2016.
Nov 282016
THE Department of Trade and Industry (DTI) expects the manufacturing sector to grow 8-10% each year until the end of the government’s term, noting that momentum has been building in that part of the economy since 2013.
Nov 282016
THE PHILIPPINES is poised to be the fastest-growing economy in the fastest-growing region in the world with the highest budget allocation for infrastructure in Philippine history, according to Budget Secretary Benjamin E. Diokno.
Nov 282016
The Philippine travel and tourism industry contributed a total of P1.43 trillion to the economy in 2015, equivalent to about 10.6% of gross domestic product (GDP), according to the World Travel and Tourism Council (WTTC), a global body representing the Travel & Tourism private sector. This figure is expected to rise by 6.6% this year and is forecasted to increase further by 5.4% to P2.6 trillion by 2026.
Nov 272016
THE government will seek to spend 5.4% of GDP, or about P861 billion, next year on infrastructure projects, with priority going to developing areas outside the Mega Manila region.
Nov 272016
PRESIDENT Rodrigo R. Duterte said he is pushing for more local processing in the mining industry in order for the country to capture more value from mineral resources and ensure the industry’s sustainability.