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The Korean Embassy in Manila said over the weekend the Korean government is funding most of the USD199-million New Cebu International Container Port Project through an official development assistance (ODA) recently clinched with the Philippine government.

The 10 member states of the Association of Southeast Asian Nations (Asean) joined by China, South Korea and Japan (Asean Plus Three) have agreed to further strengthen the multilateral currency swap arrangement to enable members overcome crisis more speedily and promote sustained economic growth.

Strengthening the education system will help enhance the competitiveness of countries in Asia in the field of information and communications technology (ICT).

Four of the flagship infrastructure projects under the “Build, Build, Build” program due for completion by 2022 are in the Visayas, in keeping with the Duterte administration’s goal to attack poverty and make growth truly inclusive and equitable across all regions, according to the Department of Finance (DOF).

Some 3,000 to 4,000 delegates are expected to take part in the 51st Annual Meeting of the Asian Development Bank (ADB) scheduled on May 3-6 this year in Manila.

The second phase of the Tax Reform for Acceleration and Inclusion Act (TRAIN) is legal and there are no vested rights in the grant of tax incentives to certain businesses because these are “mere statutory privileges, and as such, its granting may be modified or withdrawn at the will of the granting authority, that is, the Congress,” Finance Assistant Secretary …

The Naia Consortium will resubmit next month a revised and re-sized proposal to transform the Ninoy Aquino International Airport into a regional hub, spokesman Aboitiz InfraCapital Vice President Jose Emmanuel Reverente told reporters.

An economist of ING Bank Manila forecasts further upgrades by Standard & Poor’s (S&P) of its credit rating on the Philippines after Thursday night’s outlook revision from “Stable” to “Positive.”

Philippine and Chinese government officials signed a total of $141 million or P7.05 billion loan agreement for key government projects during the recent trip of President Duterte to China.

SM Foundation bags the Gold Anvil Award for Public Relations Programs on a Sustained Basis Education from the Public Relations Society of the Philippines recently.