Debt management in good hands

December 27, 2018
Senate Minority Leader Franklin Drilon expressed confidence in the capability of Finance Secretary Carlos Dominguez III and the rest of the economic team to ensure the sound and efficient management of the debt incurred to fund the government’s “Build, Build, Build” infrastructure program, the Department of Finance said in a statement on Friday.

Aggie among top administration concerns

December 26, 2018
Finance Secretary Carlos Dominguez III said agriculture will remain among the top concerns of the Duterte administration for the rest of its term to fulfill its goal of raising farm productivity and rural incomes, and avoid a repeat of the supply problems in rice and other major food items that led to the elevated inflation rate in the second half of 2018.

Board of Investments pledges hit P907B this year

December 26, 2018
“This new historic mark breezing past last year’s record figure not only reaffirms but further strengthens investor confidence under the Duterte administration. We were initially expecting to at least attain our target of PHP680 billion for the year, instead we were able to more than double the PHP442 billion investments level in 2016,” Trade Secretary and BOI Chairman Ramon Lopez said.

Construction projects up 17% in Q3

December 20, 2018
“All types of residential constructions, except for duplex/quadruplex and other residential, recorded a two-digit increase in number as follows: residential condominiums (80.8 percent), apartment/accessoria (29.9 percent) and single-type houses (15.3 percent),” the PSA noted.

Agri Free Patent Act to boost inclusive growth

December 19, 2018
Principally authored by Albay Rep. Joey Sarte Salceda in the House, HB 8078 was merged with Senate Bill 1454 and hurdled the legislature’s bicameral conference committee recently. It will remove major restrictions provided under Commonwealth Act No. 141 governing the land patent program, easing up certain prohibitions in granting public farmlands to qualified beneficiaries.

$4.4-B first integrated steel complex underway

December 17, 2018
A Memorandum of Understanding (MOU) was signed between HBIS Group Co.,Ltd., Huili Investment Fund Management Co.,Ltd., Steel Asia Manufacturing Corporation, and PHIVIDEC Industrial Authority that will jointly implement the Philippine Iron and Steel Project in Misamis Oriental amounting to USD 4.4 billion-worth of investments, the biggest industrial investment from China to date. The project comprises of two phases which will generate over 20,000 additional job opportunities.

Senate ratifies tax amnesty bill

December 15, 2018
The Senate on Thursday ratified the bicameral conference committee report on the bill granting a one-time opportunity to those who have failed to pay their tax obligations for taxable year 2017 and prior years -- including estate taxes, general taxes and delinquent accounts – to settle their liabilities.

Agri output boost, easier SME loan terms top biz wish list

December 10, 2018
A consolidation of the actionable recommendations submitted by the private sector in the four regional “Sulong Pilipinas” workshops conducted in Luzon, Visayas and Mindanao in November yielded proposals ranging from improving agricultural output and simplifying loan requirements for small and medium enterprises (SMEs) to enhancing peace and order measures, and stricter profiling of the government’s cash transfer or social protection beneficiaries.

Full year-inflation seen at 3.6%

December 09, 2018
The country’s inflation rate is expected to decline further below 6 percent this month and even lower to 3.6 percent next year, even if the second tranche of the oil excise tax increase pushes through, an economist of a major Philippine bank said.

Inflation slowdown ‘encouraging’ –– Espenilla

December 06, 2018
“For the first time we are seeing significant negative m-o-m (month-on-month) growth after inflation plateaued at around 6.7 percent. It confirms that inflation is heading back to the 2-4 percent target range in response to decisive non-monetary measures to curb food prices as well as favorable recent developments in highly volatile international oil prices,” he said.