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Makati City
Thursday, July 27, 2017
DESPITE missing its arrivals target in 2016, the Philippines moved up in global ranking in terms of the number of international tourists it received that year. In the latest World Tourism Barometer, the United Nations World Tourism Organization (UNWTO) said: “The Philippines moved up four places in arrivals to 45th”. In...
Local meat processors appealed to the government to reconsider its zero-tolerance policy for salmonella in raw materials, as this could increase the retail price of canned goods, such as luncheon meat. The Philippine Association of Meat Processors Inc. (Pampi) made the pronouncement after the government banned meat imports from Brazil...
The outlook for the Philippine peso—Asia’s worst-performing currency—just keeps getting grimmer. May’s trade shortfall was the biggest in data going back to 1980, as the nation heads for its first annual current-account deficit in 15 years. President Duterte has just extended martial law in the southern island of Mindanao, as the...
Senators are poised to grill Duterte administration officials in the upcoming congressional hearings on the P3.77-trillion 2018 national budget to verify “they are on track in spending” current year allocations to avoid underspending that plagued the previous administration. Senate President Pro Tempore Ralph G. Recto recalled on Thursday that Duterte...
WHILE railway-maintenance provider Busan Universal Rail Inc. claims that the recent operational issues of the Metro Rail Transit (MRT) Line 3 are caused by “inherent design and quality concerns”, the builder and owner of the train system finds the accusation “ridiculous”. In a letter sent to the Commission on Audit...
Senators, meeting in a closed-door caucus on Wednesday, pushed plans to convene the Senate as a “Committee of the Whole” to conduct closer scrutiny of the proposed P900-billion tax-reform package. Senate Majority Leader Vicente C. Sotto III said he and Senate President Aquilino L. Pimentel III proposed the Committee of...
In the absence of the 25-man constitutional commission (Con-com), the leadership of the 17th Congress on Wednesday agreed to create a technical working group (TWG) that will draft the proposed revisions to the 1987 Constitution to hasten the shift to federalism. In an interview after the congressional leaders meeting, Majority...
The Philippine Association of Meat Processors Inc. (Pampi) warned that the government’s decision to ban meat imports from Brazil could result inasmuch as a 15-percent increase in the retail price of some processed-meat products sold locally. Pampi Director Rex E.  Agarrado said removing Brazil from the list of possible sources...
In Manila, the crowded Philippine capital of more than 12 million inhabitants, land that was reclaimed from the sea is selling like hot cakes. Real-estate values in the Manila Bay area, home to casinos like City of Dreams Manila and Solaire Resort and Casino, are projected to rise 30 percent to...
THERE’S a smile on the face of investment bankers nowadays. The mirth among investment bankers may be due to companies’ fund-raising tack in the first half of the year.  Fund-raising during this period was up and more brisk compared to the same period in 2016. Last year, however, was when the...
The chief of the Department of Budget and Management (DBM) on Wednesday said agencies under the Office of the President are the immediate candidates for abolition under the government’s rightsizing program. In a news briefing, Budget Secretary Benjamin E. Diokno said the President’s arm agencies will be the first to undergo rightsizing...
The Commission on Population (Popcom) is seeing gains in the country’s efforts to limit its population growth, with the Philippines’s ranking slipping on the list of the world’s most populated countries. The Philippines is currently deemed the 13th-largest country in the world and second biggest in the Asean, with an estimated...
The warming diplomatic ties between Manila and Beijing did not translate to slack enforcement of immigration rules for visitors from China, as the Bureau of Immigration (BI)  reported that Chinese nationals ranked first among foreigners who were barred entry into the country in the first half of the year. In...
THE continued growth of the tourism sector is assured with the significant improvements in local infrastructure being undertaken by the Department of Tourism (DOT), in partnership with the Department of Public Works and Highways (DPWH), the Department of Transportation (DOTr) and the DOT’s own attached agencies. In its one-year accomplishment...
Labor groups are seeing their hope for an end to contractualization—as what President Duterte committed on several occasions since the campaign period—dim by the day, especially with the Chief Executive opting to evade the labor issue in his State of the Nation Address (Sona) on Monday. For Labor Secretary Silvestre H.  Bello...
The National Food Authority (NFA) on Tuesday said six Southeast Asian companies would likely secure the contract to supply 250,000 metric tons (MT) of imported rice to the Philippines. The NFA made the pronouncement following an auction held in Quezon City. Most of the winning bidders were from Vietnam. Four rice...
As one of the first countries to legalize and regulate the use of virtual currencies, the  Bangko Sentral ng Pilipinas (BSP) said it is continuously looking into the evolving risks and opportunities behind this fast-growing financial technology. Earlier this year, the BSP responded to the rising popularity of virtual currency-based...
THE Supreme Court (SC) on Tuesday unanimously dismissed the petition seeking to compel the House of Representatives and the Senate to convene in a joint session and vote jointly on the legality of Proclamation 216, or President Duterte’s martial-law edict, as mandated under the Constitution. At a news briefing, SC Spokesman...
President Duterte, in his State of the Nation Address (Sona) on Monday, vowed to prioritize the passage of a national land-use policy and the tightening of mining protocols in a bid to ensure food security and preserve the environment. In his Sona,  Duterte cited as an example Mindanao, which saw...
Local economists supported President Duterte’s statements on mining and his stand against the export of raw mineral ores from the Philippines. The President, in his second State of the Nation Address (Sona), emphasized the need to promote responsible mining and urged miners to process the minerals in the country to...
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