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P800-B projects under Duterte will be completed by 2022

By Jinky Jorgio Public Works Secretary Mark Villar said the Philippines will be a completely different country from today as far as infrastructure is concerned.

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Agri reforms to lower food prices—Neda

A committed effort from agencies in the agriculture sector to boost output and introduce policy reform is needed to bring down prices of agricultural products, the National Economic and Development Authority said.

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No delay in ease of doing business law IRR —DTI

Department of Trade and Industry (DTI) Secretary Ramon Lopez on Friday assured there will be no delay in the release of the implementing rules and regulations (IRR) of Republic Act No. 11032 or the Ease of Doing Business (EODB) and Efficient Government Service Delivery Act of 2018.

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NFA ordered to explain low rice procurement

The Department of Finance (DOF) has asked the National Food Authority (NFA) to immediately explain why it had procured palay stocks way below its projected buffer requirement in the second half of 2017 and revised its buying mix to heavily favor imports over rice from local farmers during the same period, despite ample funds at its disposal and a standby …

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Government taps new China aid body for loans

The Philippines has submitted to the new aid agency of the People’s Republic of China an indicative list of 12 big-ticket infrastructure projects that will undergo feasibility studies with possible Chinese grant financing, according to Finance Secretary Carlos Dominguez III.

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Stop nitpicking on car owners, not culprits of EDSA traffic mess – groups

By Jinky Jorgio The controversial High Occupancy Vehicle policy, which was earlier suspended by the Metro Manila Development Authority (MMDA), was criticized today by militant groups Sanlakas and the Bukluran ng Manggagawang Pilipino (BMP) for “imposing draconian measures on middle class car owners while turning a blind eye to the profiteering by banks and car manufacturers”, which according to both …

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AIIB studies financing modes for Phl projects

Finance Secretary Carlos Dominguez III has welcomed a proposal by the Asian Infrastructure Investment Bank (AIIB) to explore the possibility of local currency financing and a variable spread facility in providing loans to help fund the “Build, Build, Build” program of the Duterte administration.

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International volunteer network urges Duterte to implement escrow bond

An international volunteer network recently urged President Rodrigo Duterte to heed the Philippine Overseas Employment Administration’s (POEA) appeal for a much stricter and more stringent implementation of the regulatory policy on escrow deposit on foreign recruitment agencies.

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No financial subsidy to minimum wage earners

By Jinky Jorgio The National Wages and Productivity Commission (NWPC) admitted that government economic manages have officially thumbed down the proposal of the Department of Labor and Employment (DOLE) to grant financial subsidy to minimum-wage earners.

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Malaysian debt watcher gives Philippines credit upgrade

In a report released Wednesday, Malaysia-based RAM Ratings Services Berhad (RAM) announced that it upgraded the Philippines’ global credit rating by one notch to “gBBB2(pi),” or BBB equivalent, a notch above the minimum investment grade. The upgrade was on the back of the country’s sustained growth momentum, a persistent uptrend in foreign direct investment (FDI) inflows, and continuous progress in …

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