Business & Economy

Gov’t to sell Pagcor casinos

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YOKOHAMA, Japan -- The government will sell the casinos of state-run Philippine Amusement and Gaming Corp. (Pagcor) before yearend in line with moves for the state-run firm to stick to its regulatory mandate and let go of commercial functions, Finance Secretary Carlos G. Dominguez III said.

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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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In Cordi, it’s time to stop relying on electronics

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BAGUIO CITY -- The Cordillera may need to let go of its reliance on semiconductor and electronics exports, which failed to slow down its economic decline in 2016.

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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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US will aggressively enforce trade rules - official

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WASHINGTON -- The Trump administration will enforce trade rules more aggressively than any previous government in its efforts to reduce the trade deficit, but does not seek a dispute, Commerce Secretary Wilbur Ross said Tuesday, May 9.

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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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EU steps up development projects in Mindanao

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The European Union (EU) is investing 300 million euros in the next three years in its push for sustainable energy and job creation, allocating a “huge chunk” of it in Mindanao as the bloc realigns itself with the priorities of the Duterte administration, its envoy in the Philippines said.

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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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Net foreign investments up 11% in 1st 2 months

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Net inflows of job-generating foreign direct investments (FDIs) jumped 11 percent to $1.05 billion at the end of the first two months on sustained investor confidence in the economy, the Bangko Sentral ng Pilipinas said Wednesday, May 10.

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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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