th images menu user export search eye clock list list2 arrow-left untitled twitter facebook googleplus instagram cross photos entrep-logo-svg
 
News and Events

After 2 Years of Duterte, How Does GDP Growth Compare With Previous Presidents?

After starting out strongly in his term, economic growth seems to be easing in recent quarters

The Philippine economy slowed down to 6.0 percent in the second quarter of 2018, a decline from the 6.6 percent growth recorded in the previous quarter. It is way below the government’s target of 7 to 8 percent, as well as analysts’ ...

by Pauline Macaraeg and Elyssa Christine Lopez  | August 09, 2018 12:00:00
News and Events

(Look) Are Congress Members Getting Richer and Richer Over the Years?

The average net worth of House of Representatives members almost doubled in the last six years

Most Filipinos have the impression that members of the Philippine House of Representatives (HOR) belong to the well-to-do classes if only because there are less than a handful of congressmen and women who are not millionaires.When a summary of the House members’ ...

by Pauline Macaraeg  | August 07, 2018 03:00:00
News and Events

(Look) Check Out the Specs of 2 China-Funded Bridges in Binondo and Makati

Financed by grant money from China, construction began this month and will last until 2020

In line with the Duterte administration’s aggressive thrust for the Build, Build, Build program, two public bridges funded by grants from the People’s Republic of China started construction this month.President Rodrigo R. Duterte, Department of Public Works and Highways (DPWH) Secretary Mark ...

by Pauline Macaraeg  | July 25, 2018 04:00:00
News and Events

Free Wi-Fi, Toilet Access in Stops for RoRo Buses, Thanks to Senate Bill

But proposed law is unclear on who will bear cost of providing free amenities in small bus stops

The Senate has approved on third and final reading the bill that aims to provide free internet and access to cleaner toilets in land transportation terminals and stops as well as  roll-on/roll-off (RoRo) ports.The senators ratified the bill by a vote of ...

by Pauline Macaraeg  | July 25, 2018 04:00:00
News and Events

Duterte in Fresh Push for Tax Reforms Amid Backlash Vs TRAIN Law, Outlines Other Economic Priorities

The president says the remaining tax reform packages will be submitted to Congress by end-July

Despite the popular backlash against the first package of the Tax Reform for Acceleration and Inclusion (TRAIN) law that is being widely blamed for rising inflation, President Rodrigo Duterte urged Congress to pass the remaining five packages of his administration’s tax reform ...

by Elyssa Christine Lopez and Pauline Macaraeg  | July 23, 2018 08:00:00
News and Events

SONA 2018: Is Duterte Delivering on His Economic Targets Under the 6-Year PH Dev't Plan?

The economy is improving compared to the past, albeit gradually. Check out how it's doing vis-à-vis targets

President Rodrigo Duterte is set to deliver his third State of the Nation Address (SONA) today at the Batasang Pambansa in Quezon City. It is the president’s chance to address pertinent issues facing  the country, and share with the people his assessment ...

by Pauline Macaraeg  | July 23, 2018 10:00:00
News and Events

Lotto Ticket Prices Up 20% Starting July 8 Due to TRAIN Tax Law

Cost of playing popular game of chance rises after doubling of documentary stamp tax rates

Lottery and other gaming tickets sold by the Philippine Charity Sweepstakes Office (PCSO) will cost 20 percent more due to higher taxes brought about by the Tax Reform for Acceleration and Inclusion (TRAIN) law that took effect early this year.Starting July 8, ...

by Pauline Macaraeg  | July 06, 2018 01:00:00
News and Events

(Look) Are the Economy and Markets Better Off After Two Years of Duterte?

A snapshot of key economic and financial indicators as the president marks his second year in power

Two years have passed since President Rodrigo Duterte took office. In that span of time, how has his administration affected the Philippine economy and markets?Contrary to what the president said in a summit in Davao last June 22 that “the economy is ...

by Pauline Macaraeg  | June 29, 2018 01:00:00
News and Events

Who Were the Highest-Paid Gov't Officials and How Much Did They Make in 2017?

The most compensated official received Php14.9 million last year

Bangko Sentral ng Pilipinas (BSP) Governor Nestor Espenilla Jr. received the highest amount of salaries and allowances among more than 8,000 government officials in 2017, according to a report by the Commission on Audit (COA) released on June 26.The central bank chief ...

by Pauline Macaraeg  | June 26, 2018 07:00:00
News and Events

SMC Wins NEDA Board Approval to Build a Php735.6-B International Airport in Bulacan

Policy move gives Department of Transportation more long-term options to address NAIA congestion

San Miguel Corporation’s (SMC) unsolicited proposal to build a Php735.6-billion international airport in Bulacan has been approved by the National Economic and Development Authority (NEDA) board on Wednesday, April 25, the agency said in a statement.The proposal includes the construction, development, operation ...

by Pauline Macaraeg  | April 26, 2018 07:00:00
News and Events

We Can Soon Drive From Luzon to Mindanao With Gov't Plan to Build 8 Bridges Linking Major Islands

Duterte administration to spend Php269 billion for the project, says DOF

The government announced plans to build eight major bridges that will connect the Visayas region to Luzon and Mindanao, Department of Finance (DOF) Secretary Carlos G. Dominguez said in a speech Thursday, April 19, during the Philippine Economic Briefing in Cebu City. ...

by Pauline Macaraeg  | April 21, 2018 09:00:00
News and Events

Shutting Down Boracay Island: What’s At Stake?

Key facts and figures on the country’s most popular party island

President Rodrigo R. Duterte has repeatedly warned he will shut down Boracay Island to rehabilitate the country’s most well-known tourism destination.The president announced earlier this year that he would close down business establishments in the island due to non-compliance to environmental regulations. ...

by Pauline Macaraeg  | April 04, 2018 09:00:00
News and Events

Hong Kong Securities Regulator Halts ICO of Joseph Calata’s Agritech Startup

HK's Securities and Futures Commission has ordered Black Cell to return purchased tokens to previous investors

Black Cell Technology Ltd., a Hong Kong-based agricultural technology startup founded by Filipino businessman Joseph Calata, has received an order from Hong Kong’s Securities and Futures Commission (SFC) to discontinue its initial coin offering (ICO) and return the proceeds to Hong Kong-based ...

by Lorenzo Kyle Subido  | April 03, 2018 03:00:00
Close