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Singapore firms urged to invest, explore partnerships in Philippines

MANILA, Philippines — The Department of Trade and Industry (DTI) is encouraging Singaporean firms to explore investment and partnership opportunities in the Philippines particularly in food production, manufacturing, infrastructure development, and healthcare. The Philippine government presented recent reforms including the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act, as well as investment opportunities in […]

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Philippines: Creating a transport bubble for the fully vaccinated

Yesterday, I met with Transportation Secretary Art Tugade to recommend the possible deployment of buses for fully-vaccinated individuals. As I have suggested, this is to make sure that fully-vaccinated passengers are still protected within a transportation bubble, so there are no gaps as they travel from their homes to workplaces, and vice-versa.  Currently, when fully-vaccinated […]

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Philippines: Government cuts growth target on heightened virus risks

MANILA, Philippines — The country’s economic managers further slashed the growth outlook for this year following the reimposition of stricter mobility restrictions in various parts of the country. The Cabinet-level Development Budget Coordination Committee (DBCC) said yesterday its gross domestic product (GDP) growth target of six to seven percent has been compromised by the heightened […]

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Philippines: Vehicle sales up 4.7% in July

MANILA, Philippines — Local car and truck assemblers registered higher sales last month but expect a slowdown this month amid the stricter quarantine measures imposed due to the threat of the COVID Delta variant. Data released by the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and the Truck Manufacturers Association (TMA) yesterday showed […]

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Philippines – Diokno: Recovery remains fragile

MANILA, Philippines — The country’s recovery remains fragile despite emerging from the pandemic-induced recession in the second quarter with a gross domestic product (GDP) growth of 11.8 percent, according to Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno. “While the economy has turned the corner, the recovery remains fragile,” Diokno said in an interview with […]

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