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Daily Archives: October 9, 2017

2-step plan to ease ownership limit bared

By Riza Lozada The government is currently reviewing its Foreign Investment Negative List (FINL) as a way of increasing business projects that would be allowed full foreign participation or ownership prior to an eventual plan to amend the Constitution, Finance Secretary Carlos Dominguez III said during the economic officials’ mission to China.

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Young workforce key Phl advantage—EU poll

The Philippines has the best availability of skilled and competitively priced labor and ease of recruiting labor in the Association of Southeast Asian Nations (Asean) region, according to a recent survey of European businesses in Southeast Asia.

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WB report notes declining poverty rate amid growth

By Luis Leoncio The economy sustaining its strong growth path of above six percent would result in the poverty rate to decline to 22.9 percent in 2018, the World Bank (WB) said in its October 2017 edition of the East Asia and Pacific Economic Update.

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8 projects get priority for China financing

Philippines and Chinese officials will focus on the first “basket” of infrastructure projects which initially prioritizes eight “cooperation” initiatives involving flagship projects of President Duterte, Finance Secretary Carlos Dominguez III said.

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Asia-Pacific to remain global growth hub—S&P

The Asia-Pacific will remain a global growth center with India, China and the Philippines as regional leaders, S&P Global Ratings, in a recent report titled “Major Asia-Pacific Economies Show Stronger Growth; Risks Are Mostly Geopolitical said.

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Japan seal currency swap deals with Asean nations

The government has signed the Restatement Agreement for the third Bilateral Swap Agreement (BSA) with Japan’s Minister of Finance through the Bank of Japan (BOJ), the Bangko Sentral ng Pilipinas (BSP) said.

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Singapore Airlines partner with Grab

Singapore Airlines and Grab have partnered on their mobile platforms and loyalty points.

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AirAsia nixes plan to regulate air fares

AirAsia wants the government to reject proposals to regulate air fares in the country. “We hope that they won’t control the prices… In the international market, prices are not controlled,” Philippine AirAsia President and CEO Dexter Comendador said in a press briefing at the Iloilo International Airport.

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Startup eyes hybrid electric plane in 2022

Agence France-Presse—Much as automakers are hitting the accelerator on electric cars, an aerospace venture backed by Boeing said it will introduce a hybrid electric plane for delivery in 2022.

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Hong Kong carrier eyes flights to Philippines

Budget carrier HK Express, owned by Hong Kong Express Ltd., seeks to open regular flights to the Philippines.

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