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China offered 3rd telecom carrier slot

President Rodrigo Duterte has offered the People’s Republic of China the privilege to operate the third telecommunications carrier in the country as a means to end the existing duopoly in the vital industry, Malacañang said Monday. Presidential Spokesperson Harry Roque…

China to build $1.6B aluminum plant in Tajikistan

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DUSHANBE, Tajikistan (AFP) - China will build an aluminum factory worth $1.6 billion in ex-Soviet Tajikistan, the Central Asian country's leading smelter said Friday, in a sign of Beijing's increasing influence over the economy of its resource-poor neighbor. China --…

Sustained growth momentum seen

The Philippines is seen to sustain its robust economic growth in the coming years, with gross domestic product (GDP) expansion likely to exceed 6.0 percent annually. IHS Markit Chief Economist for Asia Pacific Rajiv Biswas said the country’s robust economic…

Car sales up 17% in October

Automotive vehicle sales for October 2017 increased by 17.3 percent year-on-year. The Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck Manufacturers Association (TMA), in a joint report released Thursday, said car sales reached 36,511 units in October…

Industry roadmap to globalize local coffee

The Department of Trade and Industry (DTI) is optimistic that with industry support, the country’s local coffee products can join the league of the world’s most competitive coffee brands. DTI Cordillera Regional Director Myrna P. Pablo, National Industry Cluster Coordinator…

Remittances reach $23.2B

Personal remittances from Overseas Filipinos (OFs) reached US$23.2 billion for January to September 2017, registering 4.8 percent year-on-year growth, BSP Governor Nestor A. Espenilla, Jr. announced yesterday. Personal remittances from land-based OFs with work contracts of one year or more…

Quality education to push ASEAN digital economy

MANILA -- Association of Southeast Asian Nations (ASEAN) member states need to improve the quality of their education systems and training in order to adapt to and benefit from the digital economy for an integrated region, business leaders said. Jaime…

PH to top ASEAN-5 growth race

The Philippines is expected to remain the fastest growing economy in the Association of Southeast Asian Nations-5 (ASEAN) this year through 2022, supported by the government’s infrastructure push and robust domestic private spending. The Organization for Economic Cooperation and Development‘s…

Canada PM urges nations to cut coal use

Canada's Prime Minister Justin Trudeau has raised the urgency for further reducing coal consumption around the globe. He noted such reduction would help mitigate climate change-driving carbon emissions from burning coal, a fossil fuel, to produce power. "We need to…

Q3 GDP growth at 6.5% –– DBS

An economist of DBS Bank Ltd. forecasts a 6.5 percent output for the Philippine economy in the third quarter of 2017, the same as the previous quarter’s performance. In a research note Monday, DBS Bank Group Research economist Gundy Cahyadi…

Sept. mfg. output down; Q4 rebound seen

The National Economic and Development Authority (NEDA) is optimistic the manufacturing sector will rebound in the last quarter of 2017, even after its output declined on lower production of petroleum and export-oriented products in the third quarter. Latest Monthly Integrated…

9-mo. PH exports to ASEAN recover

Philippine merchandise exports to nine other member states of the Association of Southeast Asian Nations (ASEAN) had a turnaround this year after a drop in export revenues last year. Latest data from the Philippine Statistics Authority (PSA) showed that the…

PH urged to boost competitiveness

Philippine industries are urged to boost competitiveness to maximize benefit of the ASEAN Economic Community (AEC). In a statement of the Philippine Exporters Confederation (Philexport), Foreign Buyers Association of the Philippines (FOBAP) President Robert Young said the country should be…

World stocks slip as tax jitters sap confidence

NEW YORK (AFP) - Global stock markets retreated Friday, extending the previous session's losses, as uncertainty over US President Donald Trump's much-vaunted tax cuts and lackluster corporate earnings took their toll on investor confidence. At the close of the trading…

IT-BPM readies AI investments

Philippines’ Information Technology and Business Process Management (IT-BPM) industry is readying investments in artificial intelligence (AI) to seize opportunities from digital technology. Contact Center Association of the Philippines (CCAP) President Jojo Uligan said on the sidelines of International ITBPM Summit…
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