Economy Archive

Japan upgrades cooperation with ASEAN. Swap deals to boost economy / stability. Cross-border transactions in local currencies.

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Work starts on Light Rail extension to Cavite. Eight new stations along the 11.7 Km extension. Extension will be operational by 2021.

Mass rail. * * * * * * * * * * * * * *

Ferry services to boost BIMP-EAGA trade. Reduces transit time; saves cost of haulage. Weekly trips to Bitung, Indonesia from Mindanao.

Ferry to reduce costs, improve trade. * * * * * * * * * *

Pangasinan salt farms attract tourists. Environmental protection ensures cleaner salt. Salt industry needs promotion and support.

salt industry is the backbone of Pangasinan. * * * * * * * * *

Exports making a firm recovery – DTI. Continuous increase in growth since 3 months. Boost due to cooperation with ASEAN and China.

Boost in exports. * * * * * * * * * * * * *

SEC suspends 20 more lending Cos. Follow up to 84 companies suspended yesterday. Lending Operations: Certificate of Authority is must.

SEC cracks down on illegal lending. * * * * * * * * * *

PH tops Asian Export growth in last seven years. Beats India, South Korea and China by large margin. Foreign investments, structural reforms boost GDP.

The Philippines tops in export. * * * * * * * * * * *

Rate adjustments deferred by BSP. Domestic economy stable enough to sustain inflation. Excise tax under CTRP also being staggered.

BSP defers rate changes. * * * * * * * * * * * *

Chinese eyes on Benham Rise. Underwater landmass is rich in minerals. Proved by UN as part of the Philippines since 2012.

Benham Rise cannot be claimed by the Philippines. * * * * * * * *

Exports riding a promising period: NEDA Chief. Global recovery fuelling these trends. 22.5% spurt in exports in January.

Exports on the rise. * * * * * * * * * * * *

Reforms to boost Exports: Philexport. Middle-income economy by 2022. High-income economy possible by 2040.

Reforms in Exports to push economy. * * * * * * * * * *

Sugar allocation for the US reduced. PH third largest supplier of Sugar to the US. Uncertainty over US import priorities.

Sugar exports to the US to be lower.. * * * * * * * *

China upgrades renminbi. Importance of dollar eroded. 11 currencies added to basket of 13

China strengthens currency basket. * * * * * * * * * * * *

Philippines slated to become ‘next Hawaii’. Japanese gambling magnate setting up shop here. Targeting the vast Chinese tourist industry

gambling investors arriving. * * * * * * * * * * * * *

Junket tycoon Jack Lam ordered arrested Non-payment of taxes on online collections from abroad Also accused of trying to bribe officials

Junket tycoon Jack Lam ordered arrested. * * * * * * * * * *

OPEC-14: Now, cuts by non-OPEC producers 558,000 barrels a day to be cut

Non-OPEC producers to support OPEC. * * * * * * * * * * *