Economy Archive

Inflation achieves a new 5-month low: NEDA. Eases in June to 2.8 percent. Favorable domestic prices of Petrol, food products help.

Inflation favorable this year. In spite of the turmoil and upheavals that the nation is undergoing,

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

* * * * * * * * * * * * * * * *

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. * * * * * * * * * * *