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Daily Archives: June 4, 2017

Martial law, RWM attack won’t hurt economy—experts

Policemen cordon off the streets surrounding Resorts World Manila in Pasay City after a still-unidentified lone gunman fired warning shots and set casino tables on fire inside the luxury hotel-and-casino complex on June 2, 2017. At least 38 people were found dead, including the gunman, whose body was found burned inside a room on the fifth floor of the Maxim hotel after he apparently committed suicide. (Photo: PNA)

By Riza Lozada  Economic experts do not see the martial-law declaration in Mindanao and the Resorts World Manila (RWM) tragedy to have a lingering effect on the economy, as the National Economic and Development Authority (Neda) maintained its projected growth forecasts for this year and next, given the Philippines’ strong economic fundamentals. 

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AIM: More needed to be done to boost competitiveness

AIM

Bigger gains in the country’s competitiveness can be achieved by assuring strategic infrastructure investment, enhanced market competition and a simple and progressive tax regime, according to the Asian Institute of Management (AIM) Policy Center after the 2017 World Competitiveness Yearbook (WCY) showed the Philippines rose a notch on the list, from 42nd out of 63 economies last year to 41st. 

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Anti-trust body, telcos feud heats up anew

PCC

Globe Telecom and Philippine Long Distance Telephone Co. (PLDT) have preempted the decision of the courts when they completed their payment for San Miguel Corp.’s (SMC) telecommunications assets under a P69-billion blockbuster deal. 

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House approves tax reform measure, Senate next

The House of Representatives
adjourned on May 31
its first regular session of the 17th Congress. Speaker Pantaleon D. Alvarez (leftmost photo) thanked and lauded his colleagues for their hard work in passing
the much-needed legislation that will benefit the Filipino
people. Among the significant measures passed by the House in just a span of 10 months are the Tax Reform for Acceleration and Inclusion (TRAIN) bill. 
HOUSE
OF REPRESENTATIVES
WEBSITE

By Luis Leoncio  The House of Representatives approved on third and final reading the proposed Tax Reform and Acceleration and Inclusion Act (TRAIN) after President Duterte declared it as an urgent measure that’s crucial to his administration’s massive expenditure program. 

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BSP raises red flag on N. Korea bank deals

A detail of the Bangko Sentral ng Pilipinas building. BSP FACEBOOK PAGE

The Bangko Sentral ng Pilipinas (BSP) noted a rise in spurious bank transactions involving North Korea, as it called on banks and other BSP-supervised institutions (BSFIs) to be vigilant on financial transactions involving the East Asian nation, and individuals and entities connected to it. 

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Global infrastructure forum eyes sustainability, innovation

The 8th International Infrastructure Investment and Construction Forum kicked off recently in Macao.

The eighth International Infrastructure Investment and Construction Forum was held recently in China’s Macao Special Administrative Region with the aim of promoting global infrastructure development with sustainability and innovation. 

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China seeks to end corruption in government through big data

People visit the China International Big Data Industry Expo 2017 in Guiyang in southwest China’s Guizhou Province. Over 1,000 cutting-edge products, technologies and solutions were displayed by over 310 exhibitors. XINHUA

Yang Jilin stands in front of a modern machine on the third floor of the village office and types his name to check if the government subsidies have been allocated. 

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Beijing exposition seeks to spread goodwill

A ribbon-cutting ceremony that opened the Beijing Fair was graced by (from left), the Embassy of the People’s Republic of China in the Philippines’ Counselor Jin Yuan, Beijing Municipal Commission of Tourism Development Vice Chairman Yu Debin, and Department of Tourism (DOT) Assistant Secretary Reynaldo Ching.

An initiative of the Beijing Municipal Commission of Tourism Development, Charming Beijing: A Beijing Tourism Fair was recently held at SM by the Bay. 

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Chinese province targets bigger role in BRI plan

China’s Ningxia province will leave no stone unturned to integrate itself further into Belt and Road Initiative through China-Arab States Expo 2017 which the China’s autonomous region will host on Sept. 6-9 this year. 

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Four sisters grow house of goodies from P500

Photo shows how the polvoron of Beakris House of Goodies are packaged before the Department of Science and Technology’s (DOST) intervention.

Great things can start from humble beginnings, they say. In the case of four sisters from Barangay Parang-Parang, Orani town, Bataan province, it all started with polvoron. 

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