The Supreme Court yesterday altered its July 2014 ruling that struck down parts of the Disbursement Acceleration Program (DAP) as unconstitutional, providing what the government’s budget chief saw as spending leeway to help the economy hit the official growth target for this year.
The 2014 performance made the Philippines the second- fastest-growing Asian country after China, which had 7.3 percent, and ahead of Vietnam’s 6 percent, according to Balisacan. It is sad that the government is now choosing to compare the Philippine economy with Vietnam’s when we used to be more prosperous than fellow Asean members Thailand, Indonesia and Malaysia.
More than 150 executives from various locator-companies and investors in this free port signed the Integrity Pledge on Friday, marking another significant milestone for the Subic Bay Metropolitan Authority (SBMA) in its fight against corruption.
The country's boatbuilding industry has urged government to impose a tax-free importation of boats and repeal its antiquated laws, including the Cabotage Law, to develop the country's boat-building and marina industry.
The ECCP supports the Philippine Government and the DOE in particular in its commitment to sustainable development by saying YES to Renewable Energy.
If the Philippines can build ships, it could certainly build boats.
The Philippine maritime industry is very way behind in commerce and tourism compared to those in other countries because of severe lack of investors in the sector; obsolete cabotage law; and lack of government subsidies for those in the shipping and boat business.
The Philippine government should consider lowering the duties on importation of watercraft and review antiquated laws on the maritime industry to spur growth in the local boating industry.
The train car is full to the brim; if the idiom “bursting at the seams†were literal, the coach’s doors would have been busted by now.
The number of criminal incidents in the Philippines fell last year, thanks to government efforts to get its act together after it received criticism early to the middle part of the year.
Business sector representatives insisted that amendments to the economic provisions of the Constitution remain critical for sustaining growth beyond 2016, and noted that the administration risks losing sight of priorities as it gears up for 2015 with a raft of economic reform bills.
The five-day visit of Pope Francis to the Philippines, which started Thursday, is much anticipated by the Filipino faithful that the government declared three special non-working days in Metro Manila.
In close partnership with government, businesses, civil society, and academia, ECCP passionately works to enhance the business environment for both European and Filipino companies.