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.
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.
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.
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.
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.
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.
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.
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.
Just last week, I was invited to talk of the role of millennials in the work force at a convention in Davao City. There is both curiosity and concern regarding the new generation of professionals who are defining the future of business. In fact, the topic is timely, interesting and universal enough for EY to recently publish insights shared by EY People Advisory Partners and Leaders in an article titled The future of work.
President Duterte press conference at Melia Hotel in Lima, Peru: President Rodrigo R. Duterte orders all Energy Regulatory Commission (ERC) officials to resign immediately due to reports of corruption during a press conference at Melia Hotel in Lima, Peru on Sunday (Nov. 20, 2016). (Photo by King Rodriguez/PPD/PNA) LIMA, Peru, Nov. 21 (PNA) – President Rodrigo Roa Duterte is set to declare the lagoon in Panatag Shoal a marine sanctuary area, a senior security official said Sunday. National Security Adviser Hermogenes Esperon Jr. disclosed that the President will sign an executive order declaring a lagoon in the Panatag Shoal, internationally known as Scarborough Shoal, a “no-fishing zone” for both Filipino and Chinese fishermen. This ‘unilateral declaration’ has been relayed to Chinese President Xi Jinping during the two leaders’ bilateral meeting held at the sidelines of the Asia Pacific Economic Cooperation (APEC) Leaders’ Meeting, according to Cabinet officials present during the APEC Media Press Conference with the Philippine media delegation. Presidential Communications Secretary Martin Andanar said that President Xi hoped to create something favorable out of this. “We will mobilize government forces to promote our agreements, step up guidance to create a favorable environment. Yun ang sinabi niya (President Xi) pagkatapos mabanggit ni Presidente Duterte yung kanyang unilateral declaration na gawing marine sanctuary,” Andanar said quoting the Chinese leader. The Panatag Shoal is a traditional fishing ground for Filipino fishermen. It was virtually off-limits to local fishermen as they complain of incidents of harassment they received from the Chinese Coast Read More …