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Fil-Am group throws full support for Duterte

A Filipino group in the United States has manifested its full sup­port for real change in the Philip­pines as declared by President Duterte in the war against illegal drugs, corruption and poverty. In a press statement, the newly formed group chaired by Arnedo S. Valera said the US Pi­noys for Real Change in the Phil­ippines (USPRCP) held a prayer vigil …

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Self-sufficiency goal hikes rice prices—PIDS

By Riza Lozada The government’s policy of self-suffi­ciency in rice has, since the previous administration, led to the unintended consequence of raising the price of the cereal, according to a recent study on food security released by state think tank Philippines Insti­tute for Development Study (PIDS) said.

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Traders remain upbeat, but wary of Trump moves

By Luis Leoncio  Local businesses maintained their positive outlook in the first quarter despite the political noise as a result of the determined anti-drugs campaign of President Duterte, a recent Bangko Sentral ng Pilipinas (BSP) survey among executives showed. 

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Postponement of China exec’s trip to Philippines clarified

The postponement of the visit to Manila of Chinese Minister of Commerce Gao Hucheng was not in retaliation for the statement of Foreign Secretary Perfecto Yasay on the Chinese militarization of the South China, but was due to new appointments in the Chinese government, Trade and Industry Secretary Ramon Lopez said. 

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Develop; don’t rely on IRA, LGUs told

Hitting the goal of a yearly economic growth of from 7 to 8 percent would need “efficient fiscal management” in the local government level, while local government units (LGU) should stop their heavy reliance on the Internal Revenue Allotment (IRA), according to Budget Secretary Benjamin Diokno. 

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Government eyes recovery of unused bandwidths

By Riza Lozada  The government has banned the hoarding of radio frequencies that telecommunications firms are in dire need of to improve their services.

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Motorcycle sales boom seen to surpass Thai level

Election spending, the traffic crisis and the increase in remittances of overseas Filipino workers all contributed to the surging sales of the country’s Motorcycle Development Program Participants Association (MDPPA) with an all-time sales hit of 1.1 million motorcycles, especially the light-engine or moped variety, in 2016. 

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Indian group working to legalize ‘5-6’ scheme

The notorious “5-6” scheme associated with Indian traders will soon become a legal financial scheme with some changes here and there, and the government is completing the guidelines for it, according to Rex Daryanani, president of the Federation of Indian Chambers and Commerce (Philippines) Inc. (Ficci). 

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Napocor profit slides to P1.6B for last year

By Riza Lozada  State-owned National Power Corp. (Napocor) posted a net income of P1.6 billion in 2016 which was lower than last year, based on its report to the Commission on Audit (COA). 

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Despite simple rites, a healing of sorts at Edsa as 3 ‘heroes’ unite

By Ben Cal Despite the simple ceremonies, it was for the first time in three decades that three of the four key players that triggered the historic four-day Edsa People Power revolution on Feb. 22-25, 1986 that restored freedom and democracy in the Philippines, attended together a Holy Mass during the 31st Edsa anniversary held at Camp Aguinaldo last Friday. 

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