Business & Economy

EU firms still keen on PH

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The head of the European Union delegation to the Philippines said companies from Europe remained keen on tapping growing business opportunities in the country.

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Calif. guv signs historic domestic and farm worker bills

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SACRAMENTO, California -- Governor Jerry Brown on Monday, Sept. 12 signed into law two historic pieces of legislation that permanently preserve overtime protections for California’s privately hired domestic workers and expands overtime pay for farm workers.

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PH moving toward ratification of WTO’s trade facilitation deal

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The Philippine government is inching closer to ratifying the new Trade Facilitation Agreement (TFA), an accord that will not only significantly reduce the costs of trading, but will also boost global merchandise exports by up to $1 trillion yearly.

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2-year freeze on farm land conversion up

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President Duterte has decided to impose a two-year moratorium on the conversion of 4.7 million of agricultural lands distributed under various agrarian reform programs since 1972 into subdivisions and industrial parks in a bid to ensure food security.

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Rice production cost in PH higher than neighbors’

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The Food and Agriculture Organization said prices of major food commodities were back on long-term downtrend following price spikes of 2008-2012.

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Tax reform to fund Mindanao peace projects - DOF

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Additional revenue to be generated under the Duterte administration’s proposed tax reform program will fund projects that will foster peace, according to the Department of Finance (DOF).

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Free irrigation among Duterte’s ‘top achievements’ in first 100 days

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Agriculture Secretary Emmanuel F. Piñol Wednesday, Oct. 5, touted the “historic” feat of providing free irrigation to farmers among the Duterte administration’s biggest achievements in its first 100 days.

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Wanted: Army of coffee experts to help PH

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An “army,” not of soldiers but of coffee experts - farmers, processors, roasters, cuppers, graders and cafe owners - is what the Philippine Coffee Board Inc. (PCBI) hopes to have for the country by 2018, to help build a stronger coffee industry and create high-quality products that can compete in the international market.

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Poverty, not credit rating, is gov’t priority

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For the Duterte administration, credit ratings would take a backseat to increased spending on programs under its centerpiece 10-point socioeconomic agenda aimed at slashing poverty incidence, Finance Secretary Carlos G. Dominguez III said.

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Duterte OKs P171-B infra projects

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President Rodrigo R. Duterte has approved the rollout of nine infrastructure projects worth over P171 billion barely 100 days since he assumed office as the administration wants to impress foreign investors whose interest may waver amid international bad press that the President has been getting, the country’s chief economist said Thursday, September 15.

Read more: Duterte OKs P171-B infra projects

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Cynthia V. Reyes DMD