The $24-billion investment and credit line pledges that the Philippine government secured from China earlier this week were a display of “greater confidence” in the future economic relationship of the two countries, according to Trade Secretary Ramon Lopez.
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President Duterte’s style of policymaking—perceived to be “driven by impulse rather than study and full consultation”—is causing “much unease” in the business community, New York-based think tank Global Source said.
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Recently, President Duterte issued Executive Order No. 5 adopting a 25-year long term vision for the country entitled Ambisyon Natin 2040 as guide for development planning.
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The IT-Business Process Association of the Philippines (IBPAP) is seeking audience with President Rodrigo Duterte after his latest pronouncements on the country’s relations with the United States sent a new wave of jitters among IT and business process management firms.
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Japanese and Filipino businessmen are hopeful that Pres. Rodrigo Duterte’s visit to Japan, a key ally of the United States, would bring good tidings to both countries sans the “bombastic” rhetoric that resonated from the president’s visit to China last week. “First of all, I think some Japanese people are really worried about what Pres. […]
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The position of head of the Bureau of the Treasury is an important job. The country’s treasurer works directly under the Secretary of Finance, who is the head of any presidential administration’s economic team.
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Militant group Bagong Alyansang Makabayan (Bayan) on Tuesday cautioned President Rodrigo Duterte against relaxing constitutional restrictions on foreign ownership of Philippine corporations, saying it will not lead to national development but for greater profits for foreign investors.
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The unorthodox President Rodrigo Duterte has debuted on Forbes magazine’s eighth annual list of the world’s most powerful people on the planet, a roster which is topped by the Philippine head of state’s idol, Russian president Vladimir Putin. Mr. Duterte ranked number 70 in Forbes’ The World’s 74 Most Powerful People which was drawn up […]
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The Philippines will sustain robust economic growth next year, but President Duterte’s “erratic behavior” may deter fresh investments from coming in, according to London-based economic research consultancy firm Capital Economics.
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President Duterte should approve the P2,000 across-the-board increase in the Social Security System’s monthly pension only if there will be a corresponding increase in members’ and employers’ contributions to the fund, according to the country’s economic managers.
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The Bangko Sentral ng Pilipinas (BSP) released on Tuesday 27 million pieces of bank notes bearing President Duterte’s signature, worth a total of P8.75 billion. BSP Deputy Gov. Diwa C. Guinigundo told a press conference that the New Generation Currency (NGC) notes with the President’s signature will be made available to all banks nationwide. For […]
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Uncertainty and apprehension gripped the business community immediately after President Duterte was sworn into office in June due to the “changes” that had come.
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The Duterte administration inherited an economy that has made a major comeback after years of being saddled by financial woes.
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Reports hogging the headlines in recent days have become very alarming.
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Indian nationals in the country who are engaged in “5-6” lending seem to be taking seriously President Duterte’s order to the authorities to put an end to that quasi-banking activity.
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The country’s biggest organization of local manufacturers has called on President Duterte to “apply tax laws to all” as they expressed concern over a supposed plan to settle the arrears of homegrown cigarette maker Mighty Corp. due to its use of fake tax stamps.
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Finally, after several false starts, the Department of Labor and Employment (Dole) issued Department Order No. 174 which aims to fulfill President Duterte’s campaign promise to eliminate “endo” or illegal job contracting.
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President Duterte’s visit to the Middle East this week is expected to generate more than $650 million worth of investment commitments, which would be registered as part of the second-quarter pledges under the Philippine Economic Zone Authority (Peza).
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If former president Benigno Aquino III had "Aquinomics" that cemented the Philippines' status as "Asia's rising star" under an administration that sustained robust economic growth by fighting graft and corruption, make way for "Dutertenomics" under President Duterte's watch in the next six years, which is seen ushering in a "golden age of infrastructure."
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Now world famous for his startling language, the motor-biking Duterte Harley made the business sector sit up with the catchphrase “whiff of corruption.”
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