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Multi-airport plans for Mega Manila pressed

Trade groups cannot seem to stress enough to the government the need to start right away the construction of sev­eral international airports to replace the ageing Ninoy Aquino International Air­port (Naia) as they aired dire warnings that the current congestion at the sole in­ternational airport in Manila was a grave threat to tourism and trade.

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Roadshows bare high support for tax reforms

Public support is high on the tax-reform proposals of the De­partment of Finance (DOF) pend­ing before Congress, as shown by the outcome of roadshows that trade groups held recently in a tie-up with the government.

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Economic reform group backs auto tax increase

A non-government coalition advocating tax and fiscal reforms has expressed its full support for the proposed ad­justments in automobile excise taxes as a way to help raise revenues that would fund the improvements in the country’s mass transport system. Jo-Ann Diosana of the Action for Economic Reforms (AER) has told lawmakers that the proposed increases in the automobile excise tax …

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MICC approves guidelines on ‘due process’ in mining

The Cabinet-level Mining In­dustry Coordinating Coun­cil (MICC) has approved the guidelines on the con­duct of an “objective, fact-finding, science-based” review of mining op­erations nationwide, starting with those ordered shuttered or suspend­ed last month by the Department of Environment and Natural Resources (DENR).

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Asean advisory group to focus on MSME development

The Asean (Association of Southeast Asian Nations) Business Advisory Council (BAC) will advance frame­works on developing micro, small, and medium enter­prises (MSMEs) as well as promoting inclusive business models in the region.

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200 informal lenders seek SEC license following crackdown on ‘five-six’

Over 200 informal lenders have applied for registration before the Securities and Exchange Commission (SEC) after the gov­ernment initiated a crackdown against loan sharks engaged in “five-six” and other usurious practices.

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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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