by admin | Nov 2, 2016 | Headlines, Major Events, National News
MANILA, November 2 (PIA)–Gibarugan sa Malakanyang nga dili makaapekto sa ekonomiya sa nasod ang giduso nga kabag-ohan sa foreign policy ni Presidente Rodrigo Duterte, sukwahi sa kahadlok sa credit watchdog nga Moody’s Investor Service.
Matud pa kagahapon ni Presidential Communications Office (PCO) Kalihim Martin Andanar, nagpabiling lig-on ang economic fundamental sa nasod.
“The economic fundamental remain strong. The poverty rate has dropped, Inflation rate is stable. Government-private contracts continue to be honored. We will be okay,” matud pa ni Andanar.
Ang maong pahayag gihimo sa Kalihim human sa pasidaan sa Moody’s nga posibleng mohinay ang ekonomiya sa nasod kun magbaton og kalit nga polisiyang ipatuman ang administrasyong Duterte sama sa foreign policies.
“Risks are emerging in terms of the banks’ increasing exposure to real estate-related loans and higher yielding small and medium enterprises,” matud pa sa Moody’s.
Apan gitaho usab sa Moody’s nga sulod sa 12 ngadto sa 18 ka bulan, magpabiling lig-on ang Philippine banking system.
“Asset quality will remain broadly stable, supported by stable macroeconomic factors, and the stable debt servicing metrics of borrowers,” matud pa sa gipagawas nga taho ni Alka Anbarasu, Moody’s vice president ug senior analyst kagahapon. (ecb/PIA7-Bohol)
by admin | Nov 2, 2016 | Headlines, National News
MANILA, November 2 (PIA)–Gipasabot ni Presidente Rodrigo Duterte nga wala pa siya’y nahimong desisyon sa 2015 Paris Climate Agreement.
Matud pa sa Presidente, dili niya mahimong aprubahan o balibaran ang usa ka butang nga wala pa gi-presentar kaniya.
Giingong wala pa siya naka-desisyon mahitungod niini tungod kay angay timbangon una ang mahimong epekto niini sa ekonomiya sa nasod.
Dugang pa ni Presidente Duterte, ang mga investments nga giduso sa gobyerno magdala og polusyon nga makaapekto usab sa climate deal.
Gipahayag usab sa Presidente nga sa dili pa siya mo-desisyon, mangayo una siya og tambag gikan kang Department of Environment and Natural Resources (DENR) Kalihim Gina Lopez ug sa iyang mga legal advisers aron masiguro nga ang climate deal dili lang makaayo alang sa kalikopan, apan apil na usab sa ikalambo sa ekonomiya sa nasod. (ecb/PIA7-Bohol)
by admin | Oct 29, 2016 | National News
The Subdivision and Housing Developers Association- Central Visayas’ (SHDA-CV), in partnership with HLURB Central Visayas Region, and Pag-IBIG Fund held the Housing Summit 2016 at the SM Northwing on October 24-27, 2016. The event is part of the celebration of the Housing Month.
The event discussed new approaches in building homes and fulfilling the housing needs of the growing population in Central Visayas. It also showcased various housing developers and exhibitors and had the theme: “Expanding Visions: Building towards A Sustainable Future.”
This year’s conference shed a light into 15 various topics, distributed among the summit’s four fundamental components: “The Economic and Market Overview of the Region,” featuring talks from Cebu Business Club’s Executive Director, Perry Fajardo; KMC MAG Savills’ Managing Director, Michael McCullough, and UA&P’s President, Dr. Winston Conrad B. Padojinog; “Infrastructure Initiatives,” headlined by speeches from Metro Cebu Development Coordinating Board’s Chairman of the Executive Committee, Gordon Alan Joseph; Cebu City Transportation Office’s Executive Director, Atty. Rafael Christopher Yap; Department of Public Works and Highways’ Regional Director for Regional 7, Ador Canlas; and Johndorf Ventures Corporation’s President and CEO, Mr. Richard Lim; “Building a Sustainable Future,” presenting topics from Palafox Associates’ Principal Architect in Urban Planning, Arch. Felino Palafox; and APEC Architect, Arch. Ma. Lourdes “Joy” Onozawa; and finally, “The Pillars of the Housing Industry,” featuring discourses by the Home Development Mutual Fund Task Force Head in Business Development, Juanito V. Eje; HLURB’s CEO, Atty. Antonio Bernardo; and SHDA National’s President himself, Rodel Racadio. Highlighting the conference, SHDA-CV has invited Housing and Urban Development Coordinating Council’s Secretary General, Atty. Angel R. Ojastro III to exemplify the National Shelter Program.
by admin | Oct 28, 2016 | Headlines, National News, Tourism
MANILA, October 28 (PIA)–Mokabat sa 19 ka bilyong dolyar sa mga loans ug investments ang gidala paule ni Presidente Rodirgo Duterte sa iyang pagbalik gikan sa tulo ka adlaw nga pagbisita sa Japan.
Dakong parte niini o naa sa $17.2 bilyon ang gitanyag sa Pilipinas sa Marubeni Corp., usa sa pinakadakong integrated trading ug investment business conglomerate sa Japan.
Pagpalig-on sa ekonomiya, maritime ug air capabilities ang pipila lamang sa produktibong nahisgotan ni Presidente Duterte ug Japanese Prime Minister Shinzo Abe sa maong pagbisita niya sa maong nasod.
Sa iyang mensahe sa pag-abot sa Davao International Airport (DIA), miingon ang Presidente nga dako ang matabang sa Japan sa maritime ug air capabilties sa Pilipinas.
Gihulagway pa sa Presidente nga “excellent” ang relasyon sa Pilipinas ug Japan.
Human sa iyang pakigpulong kang Abe, nanawagan si Presidente Duterte sa mga private business sa Japan nga mamuhonan pa sa ilang negosyo sa Pilipinas.
Gipasigarbo usab ni Duterte ang mga natabang sa mga Hapon sa Pilipinas ilabi na ang pagpatuman sa mga proyekto ubos sa Japan International Cooperation Agency (JICA) ug usa sa giingong mga nag-unang partner sa nasod ang Overseas Development Assistance (ODA).
Gibarugan usab ni Presidente Duterte nga magpabiling suod nga higala ang Japan ug Pilipinas. (ecb/PIA7-Bohol)
by admin | Oct 28, 2016 | DTI Updates, Headlines, National News
The Philippines has successfully completed the ratification of the Trade Facilitation Agreement (TFA) and has deposited its Instrument of Acceptance to the World Trade Organization (WTO) through the Philippine Permanent Mission to the WTO in Geneva, Switzerland on 28 October 2016.
Adopted at the WTO’s 2013 Ministerial Conference in Bali, Indonesia, the TFA contains provisions for expediting the movement, release and clearance of goods. It also includes measures for effective cooperation between customs and other appropriate authorities on trade facilitation and customs compliance issues. Provisions on technical assistance and capacity building are also included to help countries implement the Agreement.
The TFA is the first multilateral trade agreement to be concluded since the establishment of the WTO in 1995. Once it enters into force, the Agreement is expected to reduce total trade costs by more than 14 percent for low-income countries, more than 15 percent for lower-middle countries, and more than 13 percent for upper middle-income countries by streamlining the flow of trade across borders.
The commitments of developing and least-developed countries in the Agreement are linked directly to their capacity to implement the TFA. On 31 July 2014, the Philippines submitted its Category A notification to the WTO indicating which provisions of the TFA it intends to implement upon entry into force of the Agreement. As a developing country, the Philippines can choose which commitments to prioritize, and the implementation can be on a staggered basis.
“The Philippines finds great value on the implementation of the TFA – not just for the big businesses – but also for local micro, small and medium enterprises (MSMEs) with the prospects of lowering trade costs and streamlining border procedures, which will enable them to participate more actively in international trade,” said Trade and Industry Undersecretary Ceferino Rodolfo.
Trade and Industry Secretary Ramon Lopez added that the TFA will also boost the country’s economic growth by supporting its integration into the global economy.
According to the World Trade Report released on 26 October 2015, implementation of the WTO TFA has the potential to increase global merchandise exports by up to $1 trillion per annum. The Report also found that developing countries will benefit significantly from the TFA, capturing more than half of the available gains.
The Philippines is the 95th WTO member to accept the TFA which will enter into force once two-thirds (110 out of 164 Members) of the WTO’s membership accepts the Agreement.
by admin | Oct 28, 2016 | DTI Updates, Headlines, National News
BEIJING—The Philippines, through Department of Trade and Industry (DTI) Secretary Ramon Lopez, recently (20 October) encouraged China to level up trade and investments for both sides, during the Philippines-China Trade and Investment Forum at the Great Hall of the People in China.
Sec. Lopez said that although relationship between the two countries has had its highs and lows, China remains to be a major commercial partner of the Philippines, being the country’s 2nd major trading partner with $17 billion value in total trade.
China is also the country’s 4th largest export market and 1st or top import supplier. As of 2015, China is the 14th investment source of the Philippines in terms of Investment Promotion Agencies (IPA)–approved investments.
“The $17 billion total trade level can double or triple in a few years,” said Sec. Lopez, adding that the Philippines shares a long history of friendly and mutually-beneficial relations with China not only in terms of trade and investments, but also in cultural and social exchange.
“Huge opportunities still await that can easily leap frog the level of Chinese business transactions with the Philippines,” Sec. Lopez added. Noting that the influx of Chinese tourists in the Philippines in 2015 reached 500,000, the trade chief is optimistic that such figure can also be increased by two to four times, considering that there are over 100 million Chinese tourists in the world today.
Current Philippine export to China of about USD 6 million can likewise be doubled, as China’s total imports to the world amount to USD 2 trillion, according to Sec. Lopez.
The trade chief also emphasized that President Rodrigo Duterte’s goodwill with China has now led to the signing of several Memoranda of Understanding (MOUs) now amounting to USD 24 billion, generating over two million jobs for Filipinos in five years.
“Under President Duterte’s effective peace initiatives and inspiring leadership that are bringing the needed change in many fronts, the Philippines and Chinese business communities are sincerely optimistic now, more than ever, in seeing Philippine-Chinese business ties soar to an unprecedented high levels in the near future,” he concluded. (END)
Reden M. Miranda
DTI – OSEC, Public Relations Unit
4/F Industry and Investments Building, 385 Gil Puyat Avenue, Makati City 1200, Philippines
Tel. No.: (+632) 895.3994 |895.3995 | Fax No.: (+632) 890.4517 | Mobile No.: (+63) 916.742.7430
E-mail: RedenMiranda@dti.gov.ph
www.dti.gov.ph
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