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DTI wants Mitsubishi in jeepney rehab scheme

The Department of Trade and Industry (DTI) has courted Mitsubishi Motors Philippines Corp. (MMPC) to participate in the jeepney modernization program.

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Philippines, Japan tackle infra buildup plan

The Philippines and the Japanese governments recently met to firm up cooperation programs for the Duterte Administration’s “Build Build Build” campaign.

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Focus on economic goals for Bangsamoro—DOF

Lawmakers should take into account the end goal of attaining economic self-sufficiency and sustainable development for the proposed Bangsamoro region to ensure fiscal autonomy and lasting peace in crafting the fundamental law creating this new autonomous political entity in Mindanao, Finance Secretary Carlos Dominguez III said.

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APEC urged to use job data system

The Asia-Pacific Economic Cooperation (APEC) economies should use its labor market information system to help address unemployment and job mismatch in the region, a study published by state think tank Philippine Institute for Development Studies (PIDS) said.

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Chip makers seek government aid in production of ICs

Local electronic chip makers are seeking government help for investments in infrastructure particularly in support of the manufacture of integrated circuits under the new industry roadmap for the electronics sector.

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ALI boasts 21% growth

Ayala Land Inc. (ALI) generated a net income of P25.3 billion in 2017, a strong growth of 21 percent driven by its healthy topline and robust operations. Total revenues grew 14 percent to P142.3 billion, backed by substantial bookings and completion of its property development projects and expanding leasing business.

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Government use of digital system gets boost

A government delegation received insights from last week’s three-day learning workshop hosted by Alibaba Group founder Jack Ma in Hangzhou, China will help the Duterte administration understand how to optimize the use of technology to improve governance and prepare Filipinos for the future under a digital economy, Finance Secretary Carlos Dominguez III said.

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PAL earns 4-Star rating from Skytrax

Philippine Airlines is the country’s first certified 4-star airline, joining 42 other 4-star carriers on the list of Skytrax, a London-based international air transport rating organization.

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Philippines has $26.3 trillion of untapped oil deposits

The Philippines is virtually “sitting on a mountain of gold,” with untapped hydrocarbon deposits estimated at US$26.3 trillion, mostly found in the disputed Spratly chain of islands, more than enough to free the country from the shackles of poverty.

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Government to tap Alibaba to lower remit costs

The government is considering tapping Chinese technology giant Alibaba’s fintech (financial technology) solutions through its related company Ant Financial to lower remittance costs for the Philippines’ over 10 million migrant workers and offer them other online-based banking and financial management services.

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