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News and Events

(LOOK) The $1.5-Billion Project that Got Nayong Pilipino Board Members Sacked

But Nayong Pilipino officials insist the project is above-ground and untainted by corruption

On Tuesday, August 7, President Rodrigo Duterte fired all the board members of Nayong Pilipino Foundation for what he said was a “grossly disadvantageous” leasing deal with a private company.Related story: Why Did President Duterte Sack Nayong Pilipino Board Members Involved in ...

by Elyssa Christine Lopez  | August 07, 2018 07:00:00
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

(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

(LOOK) ”?"One-Of-A-Kind Experience” Promised in New Cebu Airport Terminal

Officials hail the completion of the new terminal during inauguration rites

Entrance to Terminal 2 of the Mactan Cebu International AirportAlmost five years since the project was first bidded out, the new Terminal 2 of the Mactan Cebu International Airport (MCIA) was finally inaugurated on Thursday, June 7.The new passenger terminal, which will ...

by Paul John Caña and Pauline Macaraeg  | June 07, 2018 05:00:00
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

Is Duterte’s TRAIN Law Veto Bad News For Foreign Investments in PH?

Officials and experts grapple with some of the tough questions at a forum on the new tax law

As euphoria over the relatively quick passage and approval of the Tax Reform for Acceleration and Inclusion (TRAIN) Law in December 2017 give way to the mundane business of complying with its numerous and complex provisions, key questions are emerging on the ...

by Entrepreneur Staff  | February 28, 2018 10:00:00
News and Events

Rapid GDP Growth Sustained After a Year-and-a-Half Under President Duterte

Pace of economic expansion also looks more steady

The Philippines posted an economic growth rate of 6.6 percent in the last three months of last year, bringing full-year growth in 2017 to 6.7 percent. While that was slightly lower than the 6.9 percent in 2016, it was still one of ...

by Pauline Macaraeg  | January 23, 2018 02:00:00
News and Events

‘Pera Na Naging Bato Pa’: Duterte Vetoes New Perks for Self-Employed and Professionals Earning Less Than Php500K Under New Tax Law

He also shot down four other provisions of the TRAIN law that takes effect Jan. 1, 2018

President Rodrigo Duterte has vetoed five provisions of the Tax Reform for Acceleration and Inclusion (TRAIN) law which he signed last December 19 and is set for implementation on January 1, 2018.The law incorporates the first phase of his administration’s tax reform ...

by Entrepreneur Staff  | December 23, 2017 12:00:00
News and Events

The Extremely Busy Person’s Guide to the New Tax Law Just Signed By President Duterte

If you don’t have time or patience to read the new TRAIN law, this infographic’s for you

At 145 words, the official title of the new tax law just signed by President Rodrigo Duterte on Dec. 19 – “An Act Amending Sections … “ already makes for tedious reading. How much more the body of the Tax Reform for ...

by Entrepreneur Staff  | December 19, 2017 05:00:00
News and Events

Duterte Praises the Zobel de Ayalas and Aboitizes as Responsible Business Owners

Though often critical of the elite, the president asks where would Davao and Makati be without the two wealthy families

President Rodrigo R. Duterte praised the enterprising families of the Zobel de Ayalas and the Aboitizes, two of the wealthiest families controlling sizeable portions of the economy, in a speech last November 18 in Davao City.The president spoke at the launch of ...

by Pauline Macaraeg  | November 22, 2017 10:00:00
News and Events

ABS-CBN Corp. vs GMA Network: Who Did Better in the First Half of 2017?

The first six months of the year weren’t good for both networks

The two biggest broadcasting networks in the country, ABS-CBN Corporation and GMA Network Inc., both suffered revenue and net income declines in the first semester of 2017 compared to the same period last year.ABS-CBN’s net income decline was bigger, which dropped almost ...

by Pauline Macaraeg  | September 17, 2017 10:00:00
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