Business & Economy

Tourism contributes P1.4T to GDP

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The Philippine travel and tourism industry contributed a total of P1.43 trillion to the local economy in 2015, equivalent to about 10.6 percent of the country’s gross domestic product, according to the latest report by the World Travel and Tourism Council (WTTC).

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Cash remittances up in Jan. 2016

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Cash sent home through banks by Filipinos abroad grew 3.4 percent year-on-year to $2.022 billion last January - the first time that remittances breached the $2-billion mark at the start of the year.

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Plight of OFWs unchanged since execution of Flor Contemplacion

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“I put her to sleep before I left.”

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PH IT-BPM facing competition from Vietnam, Egypt, Canada

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The Philippines’ information technology and business process management industry (IT-BPM) is facing stiff competition from other countries, particularly in the voice outsourcing services.

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China’s industrial output growth wanes

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BEIJING -- China’s industrial production during the first two months of the year grew at its slowest rate since the global financial crisis, the government said Saturday, March 12, underlining challenges facing the world’s second-largest economy.

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Buffett says US economy weaker than he expected but growing

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OMAHA, Nebraska -- Billionaire Warren Buffett says the U.S. economy appears weaker than he thought it would be as recently as last fall, but that doesn’t change his optimistic long-term view of the country’s prospects.

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US, Japanese agencies host 1st infra seminar in PH

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In a move seen to rival the influence of China-led Asian Infrastructure Investment Bank, the United States and Japan on Tuesday, March 15, launched their first ever infrastructure seminar in Manila, encouraging further investments to the Philippines’ infrastructure projects.

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Presidential bets asked to present agri plans

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A coalition of five groups advocating the advancement of the agriculture sector called for a presidential debate that will give the candidates more time to speak, hopefully, about their platform for the rural folk.

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Agro-industry, IT special ecozones to rise in UPLB campus

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LOS BAÑOS, Laguna -- Two special economic zones (SEZ) dedicated to agro-industry and information technology (IT) would rise on a 70-hectare land at the University of the Philippines Los Baños (UPLB), making these the first government economic zones within a university property.

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Further economic liberalization in PH pushed

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The next Philippine president must be able to champion economic liberalization as a way to boost the country’s productivity and global competitiveness, and to attract more foreign direct investments (FDIs), an economist from American banking giant Citigroup said.

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Cynthia V. Reyes DMD