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Makati City
Tuesday, April 25, 2017
The country’s local output  or GDP growth in the first quarter likely reached 7 percent on strong domestic consumption and hike in exports, according to the latest report from a local think tank. In its latest Market Call, First Metro Investment Corp.-University of Asia and the Pacific (FMIC-UA&P) Capital Markets...
Hammering out a bilateral free-trade agreement (FTA) with the US is not a priority of the Philippines, despite its decision to withdraw from the Trans-Pacific Partnership (TPP) talks, a Cabinet official said on Tuesday. Trade Secretary Ramon M. Lopez confirmed that talks on a possible FTA will not be on...
By Catherine N. Pillas & Elijah Felice E. Rosales China may have soften its aggression in the disputed South China Sea, but the superpower’s interest in the resource-rich area is seen as one of the top issues that the region’s leaders will tackle at the Asean Summit in Manila this week,...
SANTA CRUZ, Marinduque—It happened more than 20 years ago.  For the residents of Santa Cruz town in Marinduque, the mining disaster that flooded their communities, destroyed their farms and fishing grounds, and exposed people to poisonous chemicals, the suffering is getting worse by the day. Their only consolation is...
By Jasper Emmanuel Y. Arcalas with JM Fetalco The country’s external trade for agricultural commodities improved 13.6 percent to $4.554 billion in the fourth quarter of 2016, from $4.010 billion during the same period in 2015, according to the Philippine Statistics Authority (PSA). As a result, the country’s agricultural trade deficit...
INFRASTRUCTURE conglomerate Metro Pacific Investments Corp. is scouting for shares up for sale in toll roads in Indonesia and Malaysia to further expand its footprint in Southeast Asia. Metro Pacific Tollways Corp. President Rodrigo E. Franco said his group is interested in buying into existing expressway companies in the two Asean...

Treat for top sales agents

Top executives of Eternal Gardens, led by D. Edgard A. Cabangon (extreme right), chairman and CEO, pose with branch managers and some sales agents at Victoria Harbour during their trip to Hong Kong, which is a treat given by the memorial company for its top sales producers. Other executives with...
Stressing that a “cultural change” should come first, Sen. Richard  J. Gordon warned Congress against front-loading passage of an enabling law paving the way for the shift to a federal form of government favored by the Duterte administration. In a statement issued on Monday, Gordon signaled readiness to block any...
Part One DEFENSE Secretary Delfin N. Lorenzana has announced late last year that the government will be acquiring drones and small but fast boats from China through a $14-million Chinese grant, in the continuing effort to modernize the Armed Forces. Beijing, to which Manila is pivoting to under the current administration,...
THE Department of Tourism (DOT) is targeting a rise in visitors to the walled city of Intramuros to 954,000 this year, up a whopping 91 percent from the 500,000 visitors in 2016. The higher number of visitors is expected as the “Intramuros Revival Project” initiated by the DOT last year...
The unclear nontariff measures (NTM) being implemented by Asean countries are more protectionist in nature and hike costs for exporters in the region, according to a study released by the Philippine Institute of Development Studies (PIDS). The study titled “Review of Intra-Asean Nontariff Measures on Trade in Goods,” noted that...

Recognizing Excellence

The top sales executives at Eternal Gardens, lead preneed company in the country, were treated to a fun-filled weekend in Hong Kong by management, led by D. Edgard A. Cabangon, chairman and CEO; Benjamin V. Ramos, vice chairman; Numeriano B.  Rodrin, president and COO; Jose Antonio V. Rivera, vice...
THE Philippines may be enjoying close relations with China, but the country must now advance its own fisheries-management policies in the disputed South China Sea (SCS), a research recommended. In a study by the Stratbase Albert del Rosario Institute, Maria Carmen A. Lagman said the Philippines must reinforce the ruling...
The Senate is set to work on a measure seeking to create a new executive agency consolidating the Housing and Urban Development Coordinating Council and the Housing and Land Use Regulatory Board under one roof, to be known as the Department of Housing and Urban Development (DHUD). Allaying concerns the proposal would only result...
Perceived elevated prices and wages, also called inflation expectations, persisted in the first three months and has even pushed closer to the top end of the anticipated range by the Bangko Sentral ng Pilipinas (BSP) for the period. The BSP said inflation expectations have not waned because of the perceived...
The online gaming industry is virtually now a “new kid on the block” in terms of office take-up, and is expected to kick out today’s lead tenant—the business-process outsourcing (BPO) sector—in the near future, according to a leading wholly owned Filipino real-estate company. Leechiu Property Consultants (LPC) CEO David Leechiu...
Despite an “all-time high” of pork inventory, the price of meat in the retail level continued to spike, leaving government officials and industry players perplexed. On April 17 Agriculture Secretary Emmanuel F. Piñol called a meeting with hog industry stakeholders and players to discuss the reported increase in the retail...
They came in four separate batches. The first was all women, with some using the traditional Muslim head garb hijab to cover their faces from cameras, while some walked with their heads up high uttering nothing but praises for President Duterte. The second batch of women later followed. This time ...
Investors were elated on news that Eagle Cement Corp. is listing at the Philippine Stock Exchange (PSE). The company—majority owned and managed by the family of San Miguel Corp. President and COO Ramon S. Ang—breathes a whiff of fresh air into the cement industry, as the cement firm promises to plow back all the proceeds...
Weeks after Indonesia reported netting more than $10 billion from a tax amnesty, the Philippine government said it’s mulling over a similar move. Implementing it may not be that easy. In Indonesia the amnesty gave individuals a reprieve from prosecution if they came clean on unreported income or hidden assets...
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