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40th PBC submits 8-point Resolutions to PNoy

The following are the approved 8-point  Resolutions of the 40th  Philippine Business Conference and submitted to President Benigno S. Aquino III during the final day of the conference on October 24, 2014 at the Manila Hotel. 1.ENERGY AND POWER: •Resolution urging the National Government to formulate an integrated and sustainable energy and power development roadmap […]

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Business to PNoy: Keep reform momentum

Acknowledging there is little time left before the presidential election in 2016, the business community yesterday advised President Aquino to maximize his remaining 2 years in office  to accomplish and implement the needed reforms to sustain economic growth. Alfredo Yao, President of the Philippine Chamber of Commerce and Industry (PCCI), told reporters at the closing […]

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August imports down by 1.3% to $5.5B

Significant declines in spending for imported raw materials and intermediate goods and mineral fuels and lubricants resulted in a 1.3 percent decline in merchandise imports in August 2014, offsetting the year-on-year gains in consumer and capital goods, according to the National Economic and Development Authority (NEDA). “Although relatively in better condition than last year, the […]

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PBC calls for urgent gov’t action on 8 areas

The 40th Philippine Business Conference (PBC) has approved an 8-point recommendation highlighted by energy, power, human resource, port congestion, transport infrastructure,  ASEAN integration and agriculture as critical areas that require immediate government action. The PBC Resolutions, which is the product of regional business conferences of the Philippine Chamber of Commerce and Industry,  is submitted to […]

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Imported car sales jump 37% in Sept.

Sales of imported cars expanded by 37 percent year-on-year in September ending the month with 3,043 units sold and bringing year to date sales to 27,013 units or 19 percent higher than 22,785 units sold in the same period last year. A report by the Association of Vehicle Importers and Distributors, Inc. (AVID) attributed the […]

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40th PBC urges consistent and harmonized investment policies

Businessmen yesterday urged government to harmonize inconsistent investment policies and to honor contracts even from previous administrations to  keep and attract more investors in the country. Alfredo Yao, President of the Philippine Chamber of Commerce and Industry, told reporters after his welcome address at yesterday’s opening of the 40th Philippine Business Conference (PBC) at the […]

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US floats cutting tobacco from part of Pacific trade pact talks

Washington– The United States has floated excluding tobacco products from a key section of a 12-nation Pacific trade deal and signaled it may present a formal proposal to trading partners at talks in Australia, sources briefed on the negotiations said. Dropping tobacco from the investor-state dispute settlement, or ISDS, section of the Trans-Pacific Partnership (TPP) […]

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EU Council endorses Philippines for GSP+

The Council of the European Union (EU) has endorsed  the Philippines as among   beneficiary countries of the EU’s Generalized System of Preferences Plus (GSP+), which grants zero duty to over 6,000 eligible exports to EU countries. The EU statement posted on its website  stated: “The Council decided not to object to a Commission regulation adding […]

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PH global competitiveness ‘most improved’ – UKTI

The Philippines is the most improved country in the world in the Global Competitiveness Index from 2010 to 2014, driven by macroeconomic reforms and vibrant and energetic private sector, according to a report by the UK Trade & Investment (UKTI). The report, however, revealed that there are disparities particularly on infrastructure and education. “Institutions and […]

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Local agribusiness sector now ready for ASEAN integration

Agriculture Secretary Proceso Alcala assured local government officials that the agribusiness sector of the country is now ready for the Association of Southeast Asian Nations (ASEAN) economic integration by 2015. In the Local Government Academy-organized forum, “ASEAN Economic Integration: The Role of Local Governments” conducted earlier this month, Alcala said that between now and 2017, […]

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