Business & Economy

Three industry roadmaps out

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The first roadmaps, released yesterday, are for the manufacturing, chemicals and copper industries, whose representatives earlier gave the government their targets and recommendations.

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Moody’s assured of reforms

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The government has assured officials of credit rater Moody’s Investors Service that the former will continue to undertake measures to improve the country’s finances and business environment, a central bank official said Friday.

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Implications of a territorial dispute

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What are the implications in the tug-of-war between Makati, Taguig (and recently, Pateros) in their legal claim of the revenue-rich Bonifacio Global City-Fort Bonifacio area?

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Foreign chambers weigh in ahead of NCR wage hearing

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The umbrella group of foreign firms operating in the country has warned anew that raising the daily minimum wage of private sector workers now will benefit only a few of them and could force small businesses -- which comprise bulk of the business sector -- to retrench or close shop altogether.

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Pangasinan firm produces veggie-based snacks to solve malnutrition

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STA. BARBARA, Pangasinan—When local businessman Racky Doctor was asked two years ago if he would like to venture into food manufacturing, he did not hesitate to take up the challenge.

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More investments in regions seen key to employment, lessening poverty

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The National Economic and Development Authority (NEDA) has underscored the need to boost competitiveness and attract investments to the regions in order to generate more employment and reduce poverty in rural areas.

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Filipino majority-owned bank among best industry performers in US

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SAN FRANCISCO --- Mission National Bank (MNB), a member of the San Francisco-based Lucky Group of Companies, fortified its position among the best-performing community banks in the US as it again made the elite list of 200 Top Community Banks by the American Banker Magazine.

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Philippines is ASEAN’s main economic engine

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The Philippines is now Southeast Asia’s main economic engine, fueled by strong domestic demand, to lead the rest of the region ahead of Asia this year, rating firm Standard & Poor’s (S&P) said.

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ECOP & Joint Foreign Chambers Position on Wage Increase is Heartless—TUCP

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The Associated Labor Unions-Trade Union Congress of the Philippines (ALU-TUCP), the largest labor federation in the country, assailed the call of Employers’ Confederation of the Philippines (ECOP) president Edgardo Lacson and the Joint Foreign Chambers of the Philippines (JFC) to dismiss outright the 85-peso wage increase petition for minimum wage earners in Metro Manila.  

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Foreigners cite new flip-flop on how gov’t treats contracts

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The controversy arising from calls to rescind the agreements of the two water concessionaires in Metro Manila is yet another manifestation of how “difficult” it is to do business with the government, according to the European Chamber of Commerce of the Philippines (ECCP).

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