Top News

Local farmers need to develop 600,000 hectares for coconut to meet ever-increasing demand for the product, Agriculture Secretary Emmanuel Pinol said.

BDO Foundation, the corporate social responsibility arm of BDO Unibank, has funded the rehabilitation of the rural health unit of Allen town, in Northern Samar, as part of its assistance to provinces severely affected by disasters.

Economic experts are unanimous in their forecast that under the administration of President Duterte, the Philippines strong growth story will continue.

By Luis Leoncio Despite growing external risks and the troubling statements of President Duterte, the country’s “underlying growth story remains intact,” Bangko Sen­tral ng Pilipinas (BSP) Governor Amando M. Tetangco Jr. said in a recent speech before the Tuesday Club of journalists at the Edsa Shangri-La.

After a bitter clash over the increase in the Social Security Sys­tem (SSS) pension, the legislature and the Palace are again pitted against each other over the proposal of the Department of Finance (DoF) for an increase in excise taxes on fuel as a measure to compensate for the proposed law to lower income and corporate taxes.

By Riza Lozada The government has lined up measures, including subsidizing electricity costs in economic zones, to address business concerns about the high cost of electricity in the country, particularly during the shutdown of the Malampaya natural-gas facility.

The Duterte administration’s plan to increase borrowings from the domestic debt market this year won’t crowd out medium, small and micro enterprises (MSMEs), Finance Secretary Carlos Dominguez III said.

Majority or 86 per­cent of Filipino households re­main without a bank account or what it terms as “unbanked” despite efforts of local banks to spread their branches nationwide, the Consumer Finance Survey conducted from the Bangko Sentral ng Pilipinas July 2014 to end-January 2015 showed.

Malaysia’s ef­forts to di­versify its e c o n omy and focus on high-end manufacturing and ser­vices are helping the country to realize its aim of becoming a global­ly competitive trading nation, Wan Latiff Wan Musa, Deputy CEO, Ma­laysia External Trade De­velopment Corp. (MA­TRADE) told Oxford Business Group’s online news portal, Global Plat­form.

The visit of Japanese Prime Minister Shinzo Abe was all about strengthening friendship between the Philip­pines and Japan that was given deeper meaning during Abe’s itinerary in Davao City, home­town of President Duterte.