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Business

BoI approves P8-M cashew project

The Board of Investments recently gave the nod to the application of R-LEY TRADING as an expanding export producer of roasted cashew nuts. The firm is a small medium enterprise participant and to boost access to local and international markets,…

Economy to stay among Asia’s strongest

The International Monetary Fund remains optimistic on the Philippine economy as it continues to see a 6.6 percent output for 2017. “We have retained the forecast as we see continued robust domestic demand driven by investments and consumption, and fiscal…

Business firmly behind Duterte

Despite the recent drop in his popularity ratings, President Rodrigo Duterte continues to enjoy the full support of the country's business community, a Malacañang official said Tuesday. “Despite the ratings of our President which is slightly down, one thing is…

Hikes in BSP rates in Q4 seen

Rate of price increases in the Philippines posted a five-month high of 3.4 percent last September, firming up analysts’ projections for a central bank rate hike starting in the last quarter of 2017. In a research note, ING Bank Manila…

PH, China to prioritize 8 projects

BEIJING—Philippine and Chinese officials cited Wednesday the efforts by the two countries to further streamline and expedite the approval process on the first “basket” of infrastructure projects, which initially prioritizes eight “cooperation” initiatives that Manila will be implementing in tandem…

PMI still subdued in September

The Philippines’ manufacturing Purchasing Managers’ Index the month of September has slightly improved from August figure, but growth remains subdued. IHS Markit’s Nikkei Philippine Manufacturing PMI report released Monday showed that production PMI in September stood at 50.8 from a…

AmCham joins biz support for TRAIN

The American Chamber of Commerce of the Philippines has joined the long list of prominent organizations from various sectors that have expressed their support for the proposed Tax Reform for Acceleration and Inclusion Act, saying that it passes its criteria…

Bullish economy to buoy RE market

The Philippine real estate market is expected to sustain its growth momentum on the back of the country’s bullish economy and strong investor confidence, according to a global real estate consultancy. Rick Santos, Chairman and Chief Executive Officer of Santos…

PH cited as outsourcing hub

The Information Technology and Business Process Association of the Philippines has cited enabling conditions in the country that makes it a competitive destination for outsourcing services. In a conference Wednesday, IBPAP Board of Trustees chairman Lito Tayag said the IT-BPO…

Beverage tax to cut micro biz sales

The Federation of Philippine Industries said that the proposed sugar-sweetened beverages tax under the Tax Reform for Acceleration and Inclusion bill will result in drop of sales of micro enterprises by 40 to 60 percent. Aside from consumers who will…

Ph competitiveness inches up

The Philippines has improved its ranking in the World Economic Forum Global Competitiveness Report 2017-2018, placing 56th out of 137 economies in the latest report released Wednesday. The country’s ranking inched up from rank 57 in last year’s WEF report.…

DTI leads coco roadshow to US

The Department of Trade and Industry through its Export Marketing Bureau and Philippine Trade and Investment Centers in the United States recently concluded the 2017 Philippine Coconut Roadshow held in key cities including Los Angeles, Colorado, San Francisco, Maryland, and…

BPO slump spares property sector

The slowdown in investments in information technology and business process outsourcing industry is not dragging the demand for office spaces in the real estate business. Leechiu Property Consultants chief executive officer David Leechiu, in a media briefing Monday, said there…

Congress mulls amendment of REIT law

The House of Representatives may push for the amendment of the Real Estate Investment Trust Act, Representative Arthur Yap said. During the real estate market briefing of Leechiu Property Consultants, Yap said the lower house may opt to amend the…

Millennials as growth engines

Manulife Asset Management and Trust Corporation is banking on the rising number of Filipino middle class and the large number of millennials to boost its newly-formed business. In a briefing Wednesday, Manulife Philippines president and Chief Executive Officer Ryan Charland…
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