The Economy

2019 International arrivals exceed target with 8.26 million visitors to the Philippines

Manila, Philippines — The year 2019 is deemed celebratory for Philippine tourism as international visitors numbering 8.26 million, exceeded the 8.2 million annual target set in the National Tourism Development…

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Newly developed Sangley Airport inaugurated by President Duterte

Cavite City — President Rodrigo Roa Duterte inaugurated Saturday the multi-million Sangley Airport Development Project (SADP) built to help decongest the Ninoy Aquino International Airport (NAIA), the country’s major aviation…

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Bureau of Internal Revenue e-payment collections almost double to P1.2-B in 2019

Manila — Tax payments collected by the Bureau of Internal Revenue (BIR) through electronic channels amounted to P1.2 billion in 2019, representing a 92 percent increase from the previous year’s…

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The Economy

Higher spending on infrastructure, social services to fuel Philippine growth this year

Manila — Finance Secretary Carlos Dominguez III has said that higher state spending on infrastructure and social services, supported by a low inflation rate and an expansionary monetary policy, will…

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President Duterte tells Chinese-Filipino businessmen to put invest more in the Philippines

President Rodrigo Roa Duterte encourages Chinese-Filipino businessmen to further invest in the country—pledging to uphold a level playing field as the government fosters a nurturing and global competitive business environment.…

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Japanese debt watcher Rating and Investment Information raises the Philippines’ credit rating to ‘BBB+’

Upgrade pushes country closer to goal of ‘A’ rating Manila – Japan-based Rating and Investment Information Inc. (R&I) has upgraded the Philippines’ credit rating by a notch, from “BBB” to…

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The Economy

Development Bank of the Philippines grants P5B loan to City Government of Manila

Makati — State-run Development Bank of the Philippines (DBP) and the City Government of Manila have signed a P5-billion five-year term loan agreement to fund various projects under the local…

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The Economy

President Duterte inaugurates Department of Social Welfare and Development’s Malasakit Building

Quezon City – President Rodrigo R. Duterte inaugurated the new office building of the Department of Social Welfare and Development (DSWD) called the “Malasakit Building” located at the Central Office…

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The Economy

Department of Trade and Industry grants P50M worth of SSF Lab to Ilocos Norte’s State University

Contributing to the needs and addressing the bottlenecks in the value chain of priority industry clusters, the Department of Trade and Industry (DTI), spearheaded by the Regional Operations Group (ROG)…

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DTI Chief tackles technologies in trade, investments faciliation, e-commerce and agriculture disciplines in 50th World Economic Forum

Davos, Switzerland — Trade and Industry Secretary Ramon M. Lopez contributed to three sessions during the 50th World Economic Forum held on 21 to 24 January in Davos. Sec. Lopez talked…

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PTIC Tokyo co-organizes investment promotion seminar for Bohol Provincial Government in Tokyo

Tokyo, Japan — Bohol Governor Arthur C. Yap and other Bohol officials visited Japan on a business mission to attract Japanese investments to the province on 21-23 January 2020. An…

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The Economy

Tourist arrivals mark 7.4M in November, up by 15.58%

Manila — International visitor arrivals in the country continued to increase sharply last November, a momentum that indicated another record-high finish for the tourism industry by the end of 2019,…

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The Philippines formally joins World Trade Organization initiatives on investment facilitation, e-commerce

Davos, Switzerland – At the sidelines of the 50th World Economic Forum, Trade and Industry Secretary Ramon M. Lopez announced that the Philippines is formally joining the group of WTO…

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Department of Trade & Industry chief tackles agriculture, investments, e-commerce in 50th World Economic Forum

Davos, Switzerland – Trade and Industry Secretary Lopez contributed to three sessions during the 50th World Economic Forum held on 21 to 24 January in Davos. Sec. Lopez talked about…

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The Economy

Congress to come up with multi-billion rehab fund to help Batangas recover from devastation, says President Duterte

Sto. Tomas, Batangas—President Rodrigo Roa Duterte on Monday said he wants Congress to speed up the crafting of a plan that will fund the rehabilitation of communities devastated by the…

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Amid worsening traffic situation, President Duterte vows to help Cebu City build new infrastructures

Cebu City—To ease Cebu City’s exacerbating traffic woes, President Rodrigo Roa Duterte vowed to help the city secure a loan to improve its infrastructure. In a speech during the Sinulog…

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The Economy

New evacuation center opens in Manaoag, Pangasinan

As part of its continuing efforts in building shelters for disaster victims, the Department of Public Works and Highways (DPWH) has completed the construction of a new evacuation center in…

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Filipino Chamber of Commerce of Hawaii’s 29th Trade Mission to the Philippines

The Future of FCCH: Advancing Economic Outcomes via Circular Economy Trade Missions and Trade Shows OVERVIEW Established in 1954, the Filipino Chamber of Commerce of Hawaii (FCCH) is the oldest…

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The Economy

2019 full-year inflation settles within government target

The National Economic and Development Authority (NEDA) is pleased with the news that the full-year inflation for 2019 settled at 2.5 percent, which is well within the government target of…

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The Economy

DOT-DOTr meet to boost tourism infra, connectivity; Puyat to push approval of 1B for night-rated airports

CLARK, PAMPANGA— Philippine tourism and transportation officials on Tuesday convened to strengthen the tourism infrastructure convergence program to ensure that the country’s tourism industry is off to another productive year…

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2019 International arrivals exceed target with 8.26 million visitors to the Philippines

Newly developed Sangley Airport inaugurated by President Duterte

Bureau of Internal Revenue e-payment collections almost double to P1.2-B in 2019

Higher spending on infrastructure, social services to fuel Philippine growth this year

President Duterte tells Chinese-Filipino businessmen to put invest more in the Philippines

Japanese debt watcher Rating and Investment Information raises the Philippines’ credit rating to ‘BBB+’

Development Bank of the Philippines grants P5B loan to City Government of Manila

President Duterte inaugurates Department of Social Welfare and Development’s Malasakit Building

Department of Trade and Industry grants P50M worth of SSF Lab to Ilocos Norte’s State University

DTI Chief tackles technologies in trade, investments faciliation, e-commerce and agriculture disciplines in 50th World Economic Forum

PTIC Tokyo co-organizes investment promotion seminar for Bohol Provincial Government in Tokyo

Tourist arrivals mark 7.4M in November, up by 15.58%

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The Philippines formally joins World Trade Organization initiatives on investment facilitation, e-commerce

Department of Trade & Industry chief tackles agriculture, investments, e-commerce in 50th World Economic Forum

Congress to come up with multi-billion rehab fund to help Batangas recover from devastation, says President Duterte

Amid worsening traffic situation, President Duterte vows to help Cebu City build new infrastructures

New evacuation center opens in Manaoag, Pangasinan

Filipino Chamber of Commerce of Hawaii’s 29th Trade Mission to the Philippines

2019 full-year inflation settles within government target

DOT-DOTr meet to boost tourism infra, connectivity; Puyat to push approval of 1B for night-rated airports

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