Business

Philippines, Australia to Explore Cooperation in Privatization, Mining, and Agriculture

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Finance Secretary Benjamin E. Diokno met with Australian Ambassador to the Philippines HK Yu and Australia’s Special Envoy for Southeast Asia Nicholas Moore to explore deepening Philippine-Australian cooperation on areas such as privatization of airports, development of the mining industry, and agriculture technology. The meeting was held on the sidelines of the official launch of …

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Certificates of Compliance

SM Group of Companies and MERALCO Receive Certificates of Compliance

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Manila, Philippines – With much pride and confidence, SM Group of Companies and Manila Electric Company (MERALCO) have been awarded Certificates of Compliance (COC) to RA 7920 Electrical Engineering Law of the PRB of Electrical Engineering. SM Group of Companies received theirs last January 31, 2023, at MAAX Bldg., SM Mall of Asia Complex, Pasig …

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Japan Credit Rating Agency

Japan Credit Rating Agency Affirms the Philippine’s “A-” Rating with Stable Outlook

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In a report released on March 10, 2023, Japan’s leading credit watcher, Japan Credit Rating Agency (JCR) affirmed the Philippines’ investment-grade credit rating of ‘A-’ rating with a stable outlook amid global uncertainties and a high inflation environment. The affirmation confirms the country’s strong macroeconomic fundamentals, as evidenced by the strong growth performance in 2022 …

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pili nuts

Philippines Regains EU Market Access to Export Pili Nuts

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Dried pili nuts from the Philippines can now enter the 27 member states of the European Union (EU) following the issuance of the European Commission Implementing Regulation (EUIR) 2023/267. The document signed on February 8, 2023 authorizes the inclusion of dried pili nuts in the Union list of novel foods that may be placed on …

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Philippines Digitization

PBBM Underscores Role of Cable Television, Internet Industry in Philippines Digitization, MSME Expansion

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President Ferdinand R. Marcos Jr. asked cable television and telecommunications companies on Friday to partner with the government in pursuing its digitization initiatives, expansion of the micro, small and medium enterprises (MSMEs) and the establishment of information and communications technologies in remote areas in the country. “I ask you to closely collaborate with the government …

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Investment and Economic Affairs

PBBM Admin Busy Following Up Multi-billion Peso Investments From Trips Abroad

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The administration of President Ferdinand R. Marcos Jr. has been intensifying its efforts to follow-up on the multi billion-peso investment pledges secured during the recent overseas trips of the Chief Executive and his delegation. In an interview with state-run RTVM, Department of Trade and Industry (DTI) Secretary Alfredo Pascual said after President Marcos secured these …

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PBBM assures support to tourism sector to boost economic recovery

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President Ferdinand R. Marcos Jr. on Friday assured government assistance to the tourism sector as the country recovers from the Covid-19 pandemic. “I assure you the government’s commitment to strengthen the domestic tourism industry remains a top priority and Ilocos Norte will play a very large part,” President Marcos said in his speech during the …

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JCC

PRI, JICA Banner Accomplishments, Reveal Plans and Initiatives in the 6th JCC

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The Philippine Railways Institute (PRI) and Japan International Cooperation Agency (JICA) gathered Tuesday, 21 February, for the 6th Joint Coordination Committee (JCC) meeting at the LRTA Command Center in Pasay City to review the technical assistance project progress and discuss initiatives and ways forward. JICA Senior Director for Infrastructure Management Mr. Ono Tomohiro opened the …

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Foreign investment

Foreign investment (FI) commitments increased by 30.1% in the fourth quarter of 2022, reaching PHP 173.6 billion.

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Total foreign investments (FI) approved in the fourth quarter of 2022 amounting to PhP 173.61 billion was higher by 30.1 percent compared with PhP 133.47 billion reported in the same quarter of 2021. These investments were pledges from the six Investment Promotion Agencies (IPAs), namely: Authority of the Freeport Area of Bataan (AFAB), Board of …

Foreign investment (FI) commitments increased by 30.1% in the fourth quarter of 2022, reaching PHP 173.6 billion. Read More »