Covid-19 outbreak, China slowdown to hit Asean+3 economies

MANILA – The Asean+3 Macroeconomic Research Office (AMRO) expects the coronavirus outbreak that has slowed down the Chinese economy to also impact the gross domestic product (GDP) of the 10 member states of the Association of Southeast Asian Nations (Asean) and China, including Hong Kong, Japan, and South Korea, or the Asean+3. In its analytical … Read More

LGUs urged to make it easier to put up, renew businesses

MANILA — Anti-Red Tape Authority (ARTA) Director General Jeremiah Belgica has called on local government units (LGUs) to ensure efficient and fast processing of business registrations and renewals. Belgica said some LGUs still ask for redundant requirements for business registrations and renewals despite the implementation of Ease of Doing Business (EODB) law. Business registration renewals are … Read More

Duterte, Xi to have ‘friendly, honest’ talks: Sta. Romana

BEIJING — Philippine Ambassador to China Jose Santiago Sta. Romana said President Rodrigo Duterte and Chinese President Xi Jinping have already developed friendship and rapport for the two leaders to have a friendly and honest discussion on the disputed waters. Duterte and Xi are set to meet for the eighth time Thursday evening in Beijing. Sta. … Read More

Huawei focuses on digital transformation in PH

SHANGHAI – Information and communications technology infrastructure and smart devices maker, Huawei, is bringing in innovative technology to the Philippines to benefit from the application of digital transformation. Huawei Technologies Philippines, Inc. Vice President Daniel Guo said here that the company is now in partnership with the two telecommunication giants in the Philippines to rollout the … Read More

PH bags $12-B worth of biz deals in China

BEIJING – President Rodrigo Duterte bagged around USD12.16 billion worth of business deals in his fourth visit here. On Friday, 19 business agreements were signed between Filipino and Chinese companies. These deals include one contract agreement, two purchase framework agreements, three cooperation agreements, and 13 memoranda of understanding and agreement (MOU/MOA). Duterte said the Philippine government … Read More

Added duties on cement imports bad for gov’t infra projects

MANILA — Cement importers and contractors cautioned that the imposition of safeguard duties on imported cement may delay the administration’s Build, Build, Build program, as another trade barrier can only serve to exacerbate effects of the current cement shortage. On Wednesday, Philippine Constructors Association (PCA) Board Director Ferdinand Co said that imposing safeguard duties on imported … Read More

NPC calls out Baguio college for requiring pregnancy test

MANILA — The National Privacy Commission (NPC) has summoned administration officials of Baguio City’s Pines City Colleges to explain why it is requiring its female students to undergo pregnancy testing. In its letter to Pines City Colleges President Rocio Prats-Baltao, Vice President for Administration Regina Prats, and school physician Aurelia Navarro, the commission sought an explanation … Read More

Oil prices to stay below USD80 per barrel till yearend: Cusi

MANILA — World crude prices have been on a downward trend in recent weeks, fueling expectations that prices would not breach the USD80 per barrel in the remaining months of the year, the country’s top energy official said. In a briefing at Malacañan Palace Wednesday, Department of Energy (DOE) Secretary Alfonso Cusi said forecasts from oil-exporting … Read More

Japanese firm plans to invest P40-B to expand operations in PH

MANILA — Japanese electronics firm, Murata Manufacturing, plans to invest PHP40 billion to expand its operations in the country, Philippine Economic Zone Authority (PEZA) Director General Charito Plaza said Monday. Plaza said Murata targets to construct new manufacturing buildings to produce new products and were projected to create 6,000 more jobs. But she noted the Japanese … Read More

Sustainable, cleaner source of power needed in ecozones

MANILA — The demand for cleaner and sustainable power inside the country’s economic zones will inevitably rise as more locators come in, the management of the Philippine Economic Zone Authority (PEZA) said Thursday. PEZA Project Development Officer Ludwig Daza said that in seven ecozones alone, the monthly energy demand has already reached an average of 389 … Read More