PERSISTENT delays in the implementation of vital infrastructure projects intended to support an expanding economy slowed the growth of the country’s gross domestic product (GDP) during the first quarter to a disappointing 5.2 percent â€" the lowest rate since 2012.
Philippine economic growth in the first quarter of 2015 decelerated to a 3-year low of 5.2% year-on-year, prompting economists and business leaders to warn that the country might struggle to realize its full-year growth target of 7% to 8%.
The House of Representatives has approved on second reading a measure seeking to amend economic provisions of the Constitution, which when ratified would allow more foreign ownership of certain classes of assets.
The House of Representatives has approved on second reading a measure seeking to amend economic provisions of the Constitution, which when ratified would allow more foreign ownership of certain classes of assets.
A coalition of local and foreign business groups has issued a list of critical reforms which they said should be in place immediately to achieve inclusive growth.
The Department of Public Works and Highways (DPWH) has assured the public that the hiked premium-bid requirement for the P55-billion Cavite-Laguna Expressway (Calax) deal will not result in higher toll rates for the proposed thoroughfare.
European businessmen said they are closely watching the developments of the “water contracts†between Metropolitan Waterworks and Sewerage System (MWSS) and the water concessionaires as they continue to harp on government to honor contracts and not to change horses midstream.
The Finance and Trade departments have finally reached consensus on a monitoring scheme for tax incentives given to export firms, eight months after talks on an incentives measure started at the House of Representatives.
The Navotas representative pointed out that since no case has yet been filed against Binay before the Sandiganbayan, there is no basis for the AMLC to say that the money in Binay’s bank accounts is ill-gotten.
“Metro .Carmageddon’ and the subsequent port congestion has started to take its toll on the public approval ratings of the once highly popular President during the homestretch of his term.†- Ducky Paredes
Philippine officials called on Sunday for criminal penalties for factory owners who violate safety standards days after a deadly fire at a footwear plant claimed 72 lives.
"Which of the countries can boast of embracing the world so fully, with its body in Asia, its spirit in North America and its soul in Latin Europe?"
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