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Daily Archives: January 7, 2018

Traders warned vs profiteering

By Luis Leoncio The government warned businesses against exploiting the start of the implementation of the Tax Reform for Acceleration and Inclusion (TRAIN) to cheat consumers as it threatened to slap profiteering charges against those suddenly jacking up prices of commodities particularly oil products.

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Improved China ties raise capital flow

A sea change in the country’s economic relations with its Asian neighbors primarily China resulted in the opening of the investments tap in 2017 following President Duterte’s foreign policy rebalancing towards Asia.

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DBCC keeps growth, inflation rate outlooks

The inter-agency Development Budget Coordinating Committee (DBCC) has raised some of the government’s economic targets as a result of domestic and overseas development, Budget Secretary Benjamin Diokno said.

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TRAIN gives Duterte first legislative triumph

The signing into law of the first package of its Comprehensive Tax Reform Program (CTRP) or the Tax Reform for Acceleration and Inclusion Act (TRAIN) at the end of last year gave President Duterte his first major legislative victory.

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Infrastructure spending to keep Philippines humming—experts

Economists and economic managers are confident that with the spike in infrastructure spending, the economy will maintain its position as one of the fastest-growing economies in Asia with a sustained growth path over the next few years.

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People-centered Asean needed— Malaysian exec

Association of Southeast Asian Nations (ASEAN) members should focus not only on economic interests but also on the wider needs of their people as the region moves toward economic integration, Datuk Seri J. Jayasiri, secretary-general of Malaysia’s Ministry of International Trade and Industry, said.

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SBS acquires Coke facility for P520M

Listed chemical products distributor SBS Philippines Corp. has signed a deal with The Coca Cola Export Corp. (TCCEC) to acquire a 4.7-hectare warehouse facility in Calamba City in Laguna for P520 million.

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Inter-agency body to review penalized mining operations

The interagency Mining Industry Coordinating Council (MICC) will start this month its “fact-finding and science-based” review of an initial batch of 26 mine sites ordered either suspended or shut down last year by the previous leadership at the Department of Environment and Natural Resources (DENR), following the completion of the list of 25 experts who will undertake this reevaluation.

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PAL flying to India, Brisbane, East Coast

Philippine Airlines will mount non-stop flights to Brisbane, Australia, India and the US East Coast via the polar route this year.

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500 e-jeepneys to start operating this month

More than 500 electric jeepneys will be rolled out this month as the government begins implementing the transport modernization program, according to the Department of Transportation (DoTR).

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