28 C
Makati City
Wednesday, March 22, 2017
IN 2016 just under $27 billion fresh foreign-currency earnings were pumped into the local economy in the form of the remittances sent home by Filipino migrant workers to their families and loved ones. Each year in the past decade, the volume of remittances continued to grow in significant amounts. The...
By Roger Pe PICTURE-pretty. Picture-laden. That’s all. Back in the 1990s, our tourism commercials had that kind of formula. The usual mandatory slogan was also all over, as if mentioning it at the end shot was not enough. It was always a menu of the usual, like going to a...
FIVE years ago, the Economist Intelligence Unit (EIU) Ltd. ranked the country’s microfinance industry as first in the world. The EIU also included the Philippines as among the top 10 countries in terms of overall business environment for microfinance. The EIU credits such lofty place to the development and growth...
WITH Environment Secretary Regina Paz L. Lopez’s order to close or suspend operating mines and cancel 75 mining contracts, the debate over the issue of mining in the Philippines is far from over. While initially supporting Lopez on the decision of the closure of 23 operating mines and suspending five...
By Oliver Samson | Correspondent THE Philippine gamefowl industry’s worth stands at around P50 billion today and is exhibiting behaviors of growing more in the coming years, the government believes. The gamefowl-feed market alone is currently valued at P15 billion; and veterinary products for game chickens, like medicine and vitamins and...
INNOVATION is one of the current buzzwords in today’s modern world. There are the Ubers and the Grabs that cause major disruptions in the transport industry. They have shown that an entrepreneur does not need to have a fleet of taxis or physical vehicles to enter the transport industry. Meanwhile,...
By Cai U. Ordinario, Jovee Marie N. dela Cruz & Jasper Emmanuel Y. Arcalas PRESIDENT Duterte is starting a new war—against cigarette smoking—as a proposed excise-tax bill on tobacco is surprising many sectors on its zoom to nearing the Philippine Chief Executive’s approval. But the proposed bill that would upend...
By Roger Pe WAY before Ferdinand Magellan discovered the Philippines, Chinese merchants had been openly trading with Filipinos as far back as the 9th century. As proven by Chinese artifacts found in many places in the country, the evidence is well documented. According to historians, some local rajahs and datus, themselves,...
By Butch Fernandez, Recto Mercene & Catherine N. Pillas AS real-estate mogul and business magnate Donald J. Trump ascends to the presidency tomorrow, January 20, emerging economies are speculating how the United States’ ties with Asia, solidified during former President Barack Obama’s term, will evolve. Foreign direct investment (FDI) from the...
FOR those used to air travel, it’s easy to doze off on your seat, especially if you know it’s going to be a long flight.  But when you wake up only to find out that you’re still on the tarmac you should have left an hour ago, you just...
By VG Cabuag, Lorenz S. Marasigan, Jonathan L. Mayuga & Joel R. San Juan DESPITE challenges experienced by the equities market and the new administration of President Duterte, players and government officials remained optimistic of the new year. Market executives noted that 2016’s biggest lowdown was the failure of the Philippine Stock...
By Rea Cu THE credit-card industry in the Philippines is seen to grow over the coming years, as more consumers rely on using financial cards for their transactions and payments, according to a report from the Euromonitor International. According to the 2016 Euromonitor report “Financial Cards and Payments in the Philippines,”...
By Rene Acosta & Jonathan L. Mayuga FROM North to South, the war with the Moros and communist rebels has caused years of political and economic stagnation for the country, political leaders, who have dealt with the two conflicts, said in their lexicon. It is for this reason President Duterte is...
By Roger Pe | Special to the BusinessMirror WHEN asked on how the Philippines is preparing for its 6th, 7th or 8th million foreign visitor, Tourism Secretary Wanda Corazon T. Teo gave a visionary answer: “I want to compete with Bangkok and the best of Asia.” “I want to take the...
By Catherine Elizamarie N. Pillas & Jonathan L. Mayuga AT past 6 in the evening, P. Campos Street in Dasmariñas City, Cavite, is engulfed by a gray mist. There Susan (not her real name) stands almost every day for five days. There, just outside the gates of a housing subdivision...
BECAUSE the Philippines is a laggard in railway infrastructure development in the region, the Duterte administration has grown obsessed in building a number of train networks across the country to enhance connectivity among provinces and cities. Transportation Assistant Secretary for Rails Cesar B. Chavez admitted that the new administration is...
AMID the pomp and poise in the August halls of Malacañang stood an unassuming young man. Magiting Gonzales, a person with autism, was dressed for the occasion and patiently waited for his turn to receive an award from the President. It was 2011, and Magiting, Filipino for valor, just brought...
WASHINGTON—Donald Trump claimed his place on Wednesday as America’s 45th president, an astonishing victory for the celebrity businessman and political novice who capitalized on voters’ economic anxieties, took advantage of racial tensions and overcame a string of sexual-assault allegations on his way to the White House. Sri Vasamsetti, 22,...
The dollar plunged, as Republican Donald Trump pulled ahead in critical battleground states in the US presidential race, shocking foreign-exchange traders who had all but priced in a Clinton victory. A broker reacts as President-elect Donald Trump shows up on a television screen at the stock market in Frankfurt,...
The government of Canada immigration and citizenship web site crashed on Tuesday night, presumably under the weight of anxious Americans worried about their status under a Trump presidency. A spokesman for that office did not immediately return a request for comment. Moving to Canada is not quite as simple as...