The Economy

President Duterte inaugurates first container barge port in PH

TANZA, Cavite — President Rodrigo Roa Duterte on Thursday, November 22, inaugurated the first and only container barge port in the country – the Cavite Gateway Terminal (CGT). A collaboration between…

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Chinese Steel Company to locate in Mindanao and create 50,000 jobs

Makati, Nov. 20 – Chinese steel company Panhua Group Co., Ltd. (Panhua) will set up a 305-hectare integrated steel manufacturing plant at the PHIVIDEC Industrial Estate of the Misamis Oriental-Special…

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Slovenia Trade Mission to arrive in PH in March 2019

Department of Trade and Industry (DTI) Secretary Ramon M. Lopez said a business and trade mission from Slovenia is set to arrive in the Philippines (PH) in March 2019 to…

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The Economy

Cusi reinforces 100% electrification

TAGUIG CITY, Nov. 20 — Department of Energy (DOE) Secretary Alfonso G. Cusi met with officials and board of directors of the National Electrification Administration (NEA) and Philippine Rural Electric…

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Clark Airport to hit 2.5-M passenger mark in December

CLARK FREEPORT ZONE, Pampanga, Nov. 19 — The Clark International Airport (International Code: CRK) is primed to hit the 2.5 million mark in the number of passengers before the year…

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President Duterte, Japanese PM Shinzo Abe tackle peace and infrastructure

SINGAPORE — President Rodrigo Roa Duterte on Thursday, November 15, discussed cooperation in the areas of peace and infrastructure in a bilateral meeting with Japanese Prime Minister Shinzo Abe. After…

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ADB VP Visits Marawi, Reaffirms Commitment to City’s Rehabilitation

MANILA, PHILIPPINES (14 November 2018) — As the Asian Development Bank (ADB) considers a $400 million emergency relief package to assist in the rebuilding and rehabilitation of Marawi City in southern…

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Performance of Philippine Agriculture, July-September 2018

Agriculture contracted by 0.83 percent in the third quarter of 2018. The crops and fisheries subsectors posted decreases in production. At current prices, gross value of agricultural production amounted to PhP 409.0 billion, up by 6.82…

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President Duterte graces GAC Motor launch, assures investors PH is business-friendly

PASIG CITY — President Rodrigo Roa Duterte on Wednesday, November 7, graced the launch of the “promising partnership” between Guangzhou Automobile Motor Corporation Limited (GAC Motor) and the Legado Motors…

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PH Revisits History In 1st China International Import Expo

In a bid to showcase the Philippines as a formidable trading partner for China, the Department of Trade and Industry’s export promotion agency, the Center for International Trade Expositions and…

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High Priority ‘Build Build Build’ airport projects seen to vitalize PH aviation industry

MANILA, Oct. 31 — In line with the administration’s ambitious Build Build Build program, 28 airport projects for construction/rehabilitation/ upgrade are listed in the Department of Transportation’s (DOTr) priority agenda.…

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The Economy

96% of national budget released by DBM

MANILA, Nov. 1 — As of October 25, the Department of Budget and Management (DBM) has released P3.599 trillion, or 96 percent of the P3.767 trillion budget for fiscal year 2018.…

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President Duterte receives Chinese State Councilor and Foreign Minister in courtesy call

DAVAO CITY – President Rodrigo Roa Duterte on Monday, October 29, receives Chinese State Councilor and Foreign Minister Wang Yi in a courtesy call here at Panacan to further strengthen…

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PH Ambassador Fortifies Economic Diplomacy in Virginia

VIRGINIA 18 October 2018 — Philippine Ambassador to the United States Jose Manuel G. Romualdez heavily emphasized economic diplomacy in his two-day introductory visit to the Hampton Roads in southeastern…

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BOI Investment Approvals up 19% for Jan-Sept 2018

The Philippine Board of Investments (BOI), the country’s primary industry development and lead investment promotion agency, posted investment approvals worth Php454.8 billion for the first nine months of 2018, a…

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PH Inks Oil Exploration Deal with Israeli Firm

MANILA – Department of Energy (DOE) Secretary Alfonso G. Cusi attended today the Ceremonial Signing of the Petroleum Service Contract (PSC) for Area 4 (East Palawan Basin) of the Fifth…

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Secretary Piñol Highlights PH Agri Cooperation with US

WASHINGTON, D.C. 15 October 2018 — After attending the High-Level Meeting on the Implementation of the United Nations Decade of Family Farming (2019-2028) in New York held at the margins…

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Philippines ranks 56th out of 140 countries in Global Competitiveness Report

The Philippines placed 56th globally among 140 countries in the latest Global Competitiveness Report 2018-2019 of the World Economic Forum. It also showed the Philippines as the fifth most competitive…

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Nearly Half the World Lives on Less than $5.50 a Day

Despite decline in extreme poverty, broader measures show billions still struggle to meet basic needs WASHINGTON, Oct. 17, 2018 — Economic advances around the world mean that while fewer people…

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PH Highlights President Duterte’s Build Build Build at UN

NEW YORK 15 October 2018 — “The Philippine Government has identified infrastructure development as one of its bedrock strategies for sustainable development and inclusive growth at the sidelines of the…

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President Duterte inaugurates first container barge port in PH

Chinese Steel Company to locate in Mindanao and create 50,000 jobs

Slovenia Trade Mission to arrive in PH in March 2019

Cusi reinforces 100% electrification

Clark Airport to hit 2.5-M passenger mark in December

President Duterte, Japanese PM Shinzo Abe tackle peace and infrastructure

ADB VP Visits Marawi, Reaffirms Commitment to City’s Rehabilitation

Performance of Philippine Agriculture, July-September 2018

President Duterte graces GAC Motor launch, assures investors PH is business-friendly

PH Revisits History In 1st China International Import Expo

High Priority ‘Build Build Build’ airport projects seen to vitalize PH aviation industry

96% of national budget released by DBM

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President Duterte receives Chinese State Councilor and Foreign Minister in courtesy call

PH Ambassador Fortifies Economic Diplomacy in Virginia

BOI Investment Approvals up 19% for Jan-Sept 2018

PH Inks Oil Exploration Deal with Israeli Firm

Secretary Piñol Highlights PH Agri Cooperation with US

Philippines ranks 56th out of 140 countries in Global Competitiveness Report

Nearly Half the World Lives on Less than $5.50 a Day

PH Highlights President Duterte’s Build Build Build at UN

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