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Run & Grow

Vice President Leni Robredo Launches New Program to Fight Poverty

The program will help create jobs and develop skills of local residents.

Vice President Leni Robredo's Angat Buhay, an anti-poverty program, marked its first anniversary earlier this month. Never one to sit still, Robredo celebrated the initiativeâ's milestone by launching Angat Buhay's livelihood arm, Angat Kabuhayan. The Office of the Vice President's newest program ...

by Paolo Chua for TownandCountry.ph  | October 22, 2017 12:00:00
News and Events

What’s the Impact of the Planned Hike in SSS Contributions on Employees’ Take Home Pay?

Can you afford the proposed higher social security contributions?

The state-run Social Security System (SSS) has announced plans to increase members’ contributions starting January 2018 to compensate for the higher pensions given to retirees and to sustain the pension fund’s actuarial life.According to reports in the Philippine Daily Inquirer and Philippine ...

by Pauline Macaraeg  | October 02, 2017 07:00:00
News and Events

You’ve Seen GDP Figures in Graphs”"Now Listen To Them in a Song

In a creative move, the Philippines’ planning agency turns GDP data into melody

Most of the time, songs are created out of the composer’s thoughts, imagination or emotions. But the National Economic and Development Authority (NEDA) showed a song can also be inspired by economic data.Composers Allan Feliciano and Top Suzara (also the former vocalist ...

by Pauline Macaraeg  | September 26, 2017 01:00:00
News and Events

Why is Malacañang Censoring Key Data From Cabinet Members’ SALNs?

Information blackened out include officials’ cost of acquiring assets and location of properties

Two days before President Rodrigo Duterte’s first State of the Nation Address last year, he signed Executive Order No. 2, series of 2016, or the Freedom of Information (FOI) Order.Widely praised by his allies and foes alike, the order mandates all government ...

by Pauline Macaraeg  | September 21, 2017 07:00:00
News and Events

Business-Owning Families Top List of Richest Congress Members

Many are members of families with substantial interests in large business enterprises

Eight of the top 10 richest members of Congress are owners, executives or members of families that control some of the country’s largest companies, Entrepreneur Philippines has found.We looked at the newly released summary of the 2016 statements of assets, liabilities and ...

by Pauline Macaraeg  | August 11, 2017 07:00:00
News and Events

What Did Duterte Say in his 2nd SONA that Will Impact Business and the Economy?

It wasn’t all about politics, the drug war or the terror threat in Mindanao

President Rodrigo Duterte delivered his second State of the Nation Address (SONA) before the 17th Congress for about two hours, around half an hour longer than his first last year. In the course of a long speech punctuated by occasional curses and ...

by Elyssa Christine Lopez  | July 24, 2017 08:00:00
News and Events

Duterte Ramps Up Infra Project Approvals a Year After 1st SONA

NEDA has already cleared 20 major projects worth Php748 billion since July 2016

One of President Rodrigo Duterte’s most applauded promises in his first state of the nation address last year was to hasten infrastructure spending to ease the burden on the commuting public.“We will accelerate infrastructure spending by improving national roads and bridges and ...

by Pauline Macaraeg  | July 24, 2017 09:00:00
News and Events

(Watch) Who are the Highest-Paid Gov’t Officials?

The top guy is number one for two years in a row

The median annual salary of all 8,729 government employees in 2016 was Php434,513, but the 10 highest-paid officials received salaries that range from Php8.2 million to Php15.9 million. Eight of the top-paid employees belong to one agency.Find out who they are and ...

by Entrepreneur Staff  | July 21, 2017 10:00:00
News and Events

How Are PH Billionaires Faring Under Duterte?

About half of holding firms belonging to 14 biggest PH tycoons rose in value in the past year

With a new government administration comes new economic policies and priorities that affect how large listed companies, especially those owned or controlled by some of country’s richest persons, fare in the market.Just ask Roberto V. Ongpin, the Marcos-era trade minister turned businessman ...

by Lorenzo Kyle Subido  | July 03, 2017 10:00:00
News and Events

Duterte’s First Year in Power Compared to Past Four PH Presidents

Some indicators point to possible higher business costs in the coming year

A year has already passed since Rodrigo R. Duterte took office as the Philippines’ 16th president.While there are many ways to assess a president’s first year in power, we focused on measurable indicators that can be compared with those of past presidents, namely, ...

by Pauline Macaraeg  | July 01, 2017 11:00:00
News and Events

How Local Businesses are Coping with Martial Law in Mindanao

Business owners in Davao City share strategies to adapt to heightened uncertainty

President Rodrigo Duterte’s declaration of martial law in Mindanao in response to the siege of Marawi City by the Maute rebel group took many people by surprise. In response, the local government of Davao City issued additional guidelines in pursuit of what ...

by Chiara U. Mesiona  | June 03, 2017 10:00:00
News and Events

Why Many Businesses Welcome Martial Law in Mindanao

But will the move curb violent incidents in the country’s second biggest island?

Shortly after President Rodrigo Duterte declared martial law in Mindanao on May 23, many of the country’s leading business leaders immediately issued statements supporting the president’s surprise move. That came in reaction to attacks in Marawi City staged by the Maute group, ...

by Pauline Macaraeg  | May 29, 2017 05:00:00
News and Events

The New Bangko Sentral Governor: What’s In It for You?

The head of the Monetary Board has a big say on key economic variables

Investors’ reaction was generally favorable after Philippine President Rodrigo R. Duterte named Nestor Espenilla Jr. the new governor of the Bangko Sentral ng Pilipinas on May 8. Share prices opened higher the next day on news of his appointment though the Philippine ...

by Pauline Macaraeg  | May 09, 2017 07:00:00
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