MANILA, Philippines – The Philippines is embarking on necessary reforms aimed at creating a business environment that is more conducive to investments as it targets to become a foreign direct investment (FDI) powerhouse in the region. “Definitely we will have a stronger position as one of the most preferred FDI destinations in the region, with […]
Read MoreMANILA, Philippines – Economists of private banks expect higher inflation in 2017 due to weaker peso, high oil and electricity prices, and the possible implementation of tax reform, a survey by the Bangko Sentral ng Pilipinas (BSP) showed. Results of the Private Sector Economists’ Survey of the BSP showed mean inflation forecast for 2017 rose […]
Read MoreMANILA, Philippines – The Philippines is expected to post an improvement in the World Bank’s “Doing Business” report this year but will likely fall short of cracking the top third of the global rankings, Trade Secretary Ramon Lopez said. Lopez, who co-chairs the National Competitiveness Council (NCC), said the country can expect a modest two […]
Read MoreWASHINGTON – The Philippine economy is capable of growing by around seven percent over the next two years on the back of robust domestic demand as well as a strong recovery in exports, according to the International Monetary Fund (IMF). “Economic growth is expected to remain robust at around seven percent this year and next […]
Read MoreMANILA, Philippines – The construction industry is expected to continue playing an important part in the Philippines’ projected economic growth, especially as the country embarks on the “golden age” of infrastructure. Construction Industry Authority of the Philippines (CIAP) undersecretary Ruth Castelo said the industry is seen growing its share of total employment in the country. […]
Read MoreMANILA, Philippines – Investments approved by the Board of Investments (BOI) likely soared 25 percent in the first four months this year as investors continue to position for the “golden age” of infrastructure in the country. BOI managing head Ceferino Rodolfo said yesterday project approvals from January to April are tracking an increase of at […]
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