MANILA, Philippines – The strong economic fundamentals of the Philippines continue to lure foreign businessmen as a group of Singaporean companies is currently in Manila to explore business opportunities. In a press briefing yesterday, Philippines-Singapore Business Council (PSBC) co-chair Lo Chin Hua said many Singaporean companies have expressed interest in looking for potential projects in the Philippines, one of the […]
Read MoreMANILA, Philippines — Inflation slightly inched up in July after lower food prices partly tempered a hike in utility bills, the Philippine Statistics Authority reported on Friday. Consumer prices rose 2.8 percent on average last month, up from the revised 2.7 percent the previous month. From January to July, prices have already risen 3.1 percent. The year-to-date tally […]
Read MoreTHE government is intent on supporting the construction industry given the government’s infrastructure push while also upholding consumer protection, the Trade department said. Trade Secretary Ramon Lopez expressed this position on Wednesday as he reiterated that existing rules, particularly for cement, would protect both sectors. “Whether addressing the quality of cement or steel products, the […]
Read MoreA delegation of local business representatives is in the Philippines to scout out opportunities in a market that is generating growing interest among Singapore companies. The 22 delegates on the four-day mission, which ends on Friday, are exploring business and networking opportunities in the capital Manila and Davao City. The visit to Davao City, which […]
Read MoreProjects registered with the Board of Investments (BoI) grew by 40 percent in January to July 2017 from a year earlier, the agency reported on Tuesday. At P294.8 billion compared to P210.4 billion during the same period last year, the BOI said the results underscored the country’s bright investment prospects. Jobs generated totalled 58,758, up […]
Read MoreMANILA, Philippines – The imposition of military rule in Mindanao slowed growth in Philippine manufacturing in July, but it nonetheless remained the best performing in ASEAN, the latest reading of the Nikkei Philippines Manufacturing Purchasing Managers’ Index (PMI) showed. The Nikkei Philippine Manufacturing PMI registered a lower reading of 52.8 in July, down from 53.9 […]
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