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Chinese investors keep low profile

Chinese businessmen are heavily investing in the country’s agriculture, mining and tourism sectors but have been keeping low profile in light of the sensitive political situation between China and the Philippines. Francis Chua, chairman emeritus of the Philippine Chamber of Commerce and Industry, told reporters on the sideline of the recent Philippine Business Conference (PBC) […]

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Gov’t needs stronger leadership – ADB official

Philippine banks need to look beyond the domestic market while government leadership must shift to a higher gear to support local businesses and domestic financial institutions to become big, regional players, particularly in Asean, according to an official of the Asian Development Bank. “If the government supports local businesses to grow regional, then the banks […]

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Momentum building on TPP trade deal

Sydney – Momentum is building towards a pan-Pacific trade agreement, representatives of Australia and the United States said Saturday as talks between trade ministers began in Sydney. The Trans-Pacific Partnership (TPP), which would encompass 40 percent of the global economy and include 12 nations, has been the subject of negotiations for years. US President Barack […]

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Asean 2015 to widen market base for PH biofuels

The harmonization of biofuel standards – being an outcome of the scheduled ASEAN economic integration next year – will fundamentally widen the export base of any surplus capacity in the country’s production of coco methyl ester (CME). This was indicated by Energy Undersecretary Zenaida Y. Monsada in a forum, stressing that with harmonized Asean standards, […]

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Improved Customs processes catching up with ASEAN integration

Impact of the government’s trade facilitation measures is expected to be strongly felt by end of next year yet in time for the full implementation of the ASEAN Economic Community (AEC). This has been the timeline committed by the Bureau of Customs (BOC) and  Congress. “Ninety percent  of import transactions will be cleared by Customs […]

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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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