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Philippines: Govt moves to reduce trade barriers

Philippines: Govt moves to reduce trade barriers Friday, 8 July 2016 – THE government is taking steps to reduce bureaucratic measures and regulations—also known as non-tariff measures (NTMs)—that serve as barriers to Philippine trade.In a statement, Trade Undersecretary Nora K. Terrado said the Department of Trade and Industry (DTI) is now pushing for “legislative priorities” […]

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GERI rides on tourism to grow hotel business

GERI rides on tourism to grow hotel business THURSDAY, 30 JUNE 2016 – Global-Estate Resorts Inc. is building more hotels in the next three years to take advantage of a growing tourism industry.The tourism and leisure subsidiary of Megaworld Corp. is spending P5 billion for the development of more hotels in the next two to […]

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Ease foreign ownership rules

Ease foreign ownership rules THURSDAY, 30 JUNE 2016 – A relaxed foreign ownership rule needs to be implemented for the Philippine property sector to benefit from the Brexit victor, a real estate analyst said.In a text message, KMC Mag Group head of research Antton Nordberg noted a possible capital spillover to emerging markets, including the […]

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‘Imports to grow by double digits this year’

‘Imports to grow by double digits this year’ WEDNESDAY, 29 JUNE 2016 – The country’s merchandise imports are expected to maintain “double digit” growth for the remainder of the year, driven by the robust demand for capital goods and building materials as the country moves to ramp up infrastructure spending and housing projects.“We expect import […]

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