Business & Economy

Gov’t to launch by yearend online system for processing import permits

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The government will roll out by yearend TradeNet, an integrated online system to process import permits across over 60 agencies, as part of ongoing efforts to further improve the ease of doing business, Finance Secretary Carlos G. Dominguez III said Monday, Sept. 11.

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David M. Consunji passes away at 95

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David M. Consunji - pioneering engineer and industrialist who was not afraid to get his hands dirty on the manual aspects of the building profession - passed away at the age of 95 on Monday, Sept. 4individuals close to the family confirmed.

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DOF: PH fast-tracks big-ticket infra projects to be funded by China

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The Philippine government has streamlined the approval process for the big-ticket infrastructure projects to be funded by China in order to fast-track their implementation, the Department of Finance said Tuesday, Sept. 12.

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Gov’t to fast-track subway plan

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Economic managers are expected to approve today a higher project costfor the first subway system in the country to fast-track its completion, the country’s chief economist said.

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Metro Manila subway plan, other projects OKd at Neda meeting

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The National Economic Development Authority (Neda) Board on Tuesday, Sept. 12, approved 12 projects, including the Metro Manila Subway Project.

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Peso returns to 50:$1 level

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The peso on Thursday, Sept. 7, returned to the 50:$1 level, closing at 50.93:$1 from 51.095:$1 last Wednesday.

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PH continues to press Australia to allow it to export bananas

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Trade and Industry Secretary Ramon Lopez wants to export Philippine bananas to Australia, reiterating a call to allow market entry after the Australian government has kept its doors barred for more than two decades.

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Gov’t to remove restrictions on FINL to expedite infra programs

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To fast-track the rollout of infrastructure projects and enjoin greater private sector participation, the government will remove the restriction on foreign contractors from its investment negative list, the country’s chief economist said Thursday, Sept. 6.

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US execs still bullish on PH despite Duterte pivot to China

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American senior executives polled in a recent survey expressed plans to expand their business operations in the Philippines this year as their “level of confidence” was considered among the highest in the Asean despite seeing a slight decline from a year ago.

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Neda chief pushes ‘pro-poor’ programs, legislation for inclusive growth

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The country’s chief economist has urged the Cabinet members of the Duterte administration to push for “pro-poor” programs and legislation that will allow the robust economic growth to trickle down to most Filipinos.

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