Bilateral trade between China and the Philippines could easily double or triple in the next few years, according to Trade Secretary Ramon Lopez, as the government’s efforts to revitalize relationship with the world’s second biggest economy have received backing from local business leaders. Despite issues that have strained the relationship between the two countries in […]
Read MoreThe country’s first hybrid bus operator is looking to expand its operations by adding four routes and more buses in Metro Manila. “We have applications with the Department of Transportation. We applied for four routes and I hope they grant us the routes soon because we want to expand,” Green Frog Hybrid Bus Co. founder […]
Read MoreThe Philippine government is negotiating with Japan to impose a uniform import tax rate of eight percent on Cavendish bananas and other agriculture products the country exports here, Agriculture Secretary Emmanuel Piñol said. Speaking with reporters on the sidelines of President Duterte’s three-day official trip here, Piñol expressed confidence the government’s request would be acted […]
Read MorePhilippines: Record-low debt level in 6 years Tuesday, 16 August 2016 – Despite plans for a higher budget deficit, the national government’s debt pile is projected to fall to record-low levels by the end of the Duterte administration, officials said yesterday. “This is because the growth rate of our economy will be much faster than […]
Read MorePhilippines: Tax reform could lower income, estate taxes Monday, 15 August 2016 – THE government will soon send a proposal to Congress to lower estate duty to 6 percent as part of a tax reform plan, along with other measures such as the reduction of individual and corporate income tax. The Department of Finance is […]
Read MorePhilippines: Agriculture output down 2.34% in Q2 Monday, 15 August 2016 – As a result of El Niño effect PHILIPPINE agriculture output con-tracted by 2.34 percent in the second quarter of the year as gains in livestock and poultry could not offset massive losses in the crops and fisheries sectors. The agriculture sector mainly suffered […]
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