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Daily Archives: December 17, 2017

Battle on coal, sin taxes marks Train OK

By Luis Leoncio Controversy hounded the Congress’ ratification of President Duterte’s revenue enhancement bill, the controversial Tax Reform for Acceleration and Inclusion (Train) as taxes on coal, mining, and tobacco were raised.

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Government bets on ecozone to spur Marawi rehab

By Riza Lozada The government is setting up a community-based economic zone in Marawi City to help speed up the recovery of the city which was devastated by five months of fierce battle between Islamic State (IS)-inspired militants and government forces.

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ADB ramps up growth forecast

In another vote of confidence on President Duterte’s economic program, the Asian Development Bank (ADB) scaled up its growth forecast on the Philippines to 6.7 percent this year and 6.8 next year from earlier estimates of 6.5 percent and 6.7 percent expansion previously, the ADB’s Asian Development Outlook Supplement (ADOS) showed.

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RCBC, Bangladesh swap raps on $81M cyberheist

Local Rizal Commercial Banking Corp. (RCBC) and top Bangladesh officials traded accusations over the almost two-year joust on the $81 million stolen from the Bangladesh Central Bank in a cyber heist of a Chinese group that operates from the Philippines.

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Government focuses on trade pacts amid strong growth

Healthy exports growth, economic cooperation, and trade facilitation initiatives will sustain the country’s trade growth which recorded a double-digit growth last October, Socioeconomic Planning Secretary Ernesto Pernia said.

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ISO hikes PAGCOR quality standard

Barely ten months after receiving the International Standardization Organization (ISO) 9001:2008 Certification for Quality Management System (QMS), the Philippine Amusement and Gaming Corp. (PAGCOR) has successfully transitioned to ISO 9001: 2015.

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Hoppler awards broker partners

By Riza Lozada Online real estate broker Hoppler recently awarded some of their top-performing partner brokers during their Brokers Launch Party held at the Grind Bistro in Bonifacio Global City.

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SMFI turns over 86th school building to Puerto Princesa

Puerto Princesa City – The Francisco Ubay Memorial Elementary School in Puerto Princesa with a population of 2,400 students from Brgys. Tagburos, San Manuel, Santa Monica and San Jose is the recipient of SM Foundation’s 86th school building under its school building program.

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PAL adds more flights to Clark hub

Four new destinations – Bacolod, Tagbilaran, Cagayan de Oro and Virac – will be added to the Philippine Airlines (PAL) route network this mid-December out of the airline’s hub at Clark International Airport in Pampanga.

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Chinese charter operators eye Philippines flights

Tourism Secretary Wanda Corazon Teo met with a Chinese group planning to operate chartered flights from Nanning City in China to the Philippines.

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