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Monthly Archives: May 2017

Economic managers seek quick resolution

By Luis Leoncio  While economic managers said the economy has enough buffers to blunt the effect of the current crisis in Mindanao, the long-term effect would largely depend on how “things pan out.” 

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All fiscal indicators in upswing for 3 months

By Riza Lozada  Key fiscal indicators improved in the first three months as a result of increasing revenue collections, which now outpaces the yearly economic growth rate, while the national government’s budget gap and outstanding debt remained very well managed, Department of Finance (DOF) figures showed. 

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Managers line up sources of funds for infra buildup

The Duterte administration has lined up three options to finance the massive P8 trillion to P9 trillion in financing needed for the most ambitious infrastructure program in recent Philippine history, dubbed “Build, Build, Build”. 

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Lopez gives Russians view of Dutertenomics

Russian businessmen got a glimpse of “Dutertenomics” and business opportunities in the Philippines in a business forum held during the recent state visit of President Duterte to Moscow. 

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Audit, not arbitrary aid rejection, needed—FDC

A comprehensive audit of public debt and related policies is needed and not an impulsive and selective rejection of development aid, such as those from the European Union (EU), which has been a tough critic of the conduct of Mr. Duterte’s war on drugs, debt watchdog Freedom from Debt Coalition (FDC) said. 

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10 key deals inked in Duterte’s Moscow tour

The Philippines and Russia sealed a total of 10 bilateral agreements after President Duterte’s recent official visit to Moscow. 

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Anti-dirty money deal seen in EAS leaders meet

Senior officials from the East Asian region and adjoining countries are considering several documents, including those related to anti-money laundering and countering financing terrorism, which will be issued in November for the Philippines during the East Asia Summit (EAS). 

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Royal Cargo starts construction of P1.2-B Bulacan logistics hub

By Riza Lozada  Global logistics firm Royal Cargo Inc. recently broke ground for the construction of its P1.2-billion solar-powered Cargo City North Hub on Plaridel Bypass Road, Bulacan province, as part of its capacity expansion in the Philippines. 

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Strong growth seen with BRI infra plan

A “strong Philippine economic growth” is expected in the coming years as a result of the country’s joining the $1-trillion Belt & Road Initiative (BRI) infrastructure plan, seven independent analysts said during the May 25 Pandesal Forum. 

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Xiamen sees huge gains from BRICS Summit hosting

Xiamen, a bustling coastal city of Fujian province where many Chinese-Filipinos in the Philippines have traced their origin, vowed to grab an unprecedented opportunity from its hosting of the 9th BRICS Summit to enhance its economic and tourism development. 

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