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EU committed to be PH’s largest investor – Palace

European Union

The European Union remains committed to pour in foreign investments to the country in the areas of trade, energy, governance, urbanization and migration, a Malacañang official said.

Posted: March 15th, 2014 in Latest Business Stories | Read More »

Palace retains perks for key industries

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The Philippine government has retained the incentives granted for 13 key industries under the newly approved 2013 Investment Priorities Plan, according to a Malacañang memorandum published in newspapers Wednesday.

Posted: November 21st, 2013 in Headlines | Read More »

Aquino to seek more investors, tourists from Europe—Palace

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Cleaning staff make the last preparations inside the Congress Center, on the eve of the opening of the 43rd Annual Meeting of the World Economic Forum in Davos, Switzerland, Tuesday, Jan. 22, 2013. By coming to the WEF for the first time, President Aquino is seeking more investors and tourists to come to the Philippines.  AP PHOTO/ANJA NIEDRINGHAUS

By coming to the World Economic Forum for the first time, President Aquino is seeking more investors and tourists to come to the Philippines in order to create more jobs and sustain the country’s economic momentum beyond his term as chief of state.

Posted: January 24th, 2013 in Latest Business Stories | Read More »

Palace OKs P20-B capital infusion into BSP

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PRESIDENT Aquino has approved P32.3 billion in additional spending this year, including the infusion of P20 billion in much-delayed equity into the Bangko Sentral ng Pilipinas, Budget Secretary Florencio B. Abad said.   This leaves Malacañang a balance of P10 billion to complete its P50-billion capital infusion into the central bank. “A stronger and more [...]

Posted: December 26th, 2012 in Editor's Pick,Headlines | Read More »

Aquino, Cabinet approve P113-B worth of infrastructure projects

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President Benigno Aquino III. FILE PHOTO

After hours of meeting, President Benigno Aquino III and his Cabinet approved, on Thursday night, 11 infrastructure projects worth more than P100 billion, including a key project connecting the North Luzon Expressway with the Southern Luzon Expressway and the Cavite-Laguna Expressway.

Posted: November 29th, 2012 in Latest Business Stories | Read More »

Palace blames LGUs for PH rating slide

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Palace spokesman Edwin Lacierda: Wake-up call.  INQUIRER FILE PHOTO

Malacañang blamed local government units for the two-notch drop in the country’s global ranking in the ease of doing business, but doubted this would deter investors.

Posted: October 25th, 2012 in Latest Business Stories | Read More »

Mining firms still unhappy with Palace rules, may go to SC

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FILE PHOTO

Philippine miners see no relief from the latest revisions proposed by Malacañang on the implementing guidelines of a much-debated national mining policy and they thus keep the option to challenge the framework in court.

Posted: September 26th, 2012 in Latest Business Stories | Read More »

Palace bats for 44% hike in budget of state colleges, universities to P37B

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The government has set aside P30 billion from this year’s national budget as contingency fund for the Public-Private Partnership program. “This [P30 billion] will cover commitments made and obligations of the national government in the concession agreements for PPP projects,” Budget Secretary Florencio Abad (in photo) was quoted as saying in a report on the 2014 national budget published by Global Source. INQUIRER FILE PHOTO

Malacañang is pushing for a 44-percent hike in the allocation for state colleges and universities in 2013 in an effort to boost tertiary education in the country, according to Budget Secretary Florencio B. Abad.

Posted: July 18th, 2012 in Latest Business Stories | Read More »

Aquino orders DA to help small banana exporters

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President Benigno Aquino.  AFP PHOTO/TED ALJIBE

President Aquino has ordered the Department of Agriculture to help small players in the banana industry in exporting their produce after China blocked the entry of Philippine banana shipments for allegedly failing quarantine tests.

Posted: May 28th, 2012 in Latest Business Stories | Read More »

State firms receive P4.1B in subsidies

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The government released P4.1 billion in subsidies to state-owned and -controlled corporations in March, the bulk of which went to entities engaged in health, housing, livelihood and farming.

Posted: April 27th, 2012 in Headlines | Read More »

Palace agrees with World Bank report

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Malacañang admitted on Tuesday the continued existence of factors—high cost of electricity and insufficient loans for small businesses among them—that the World Bank recently said were preventing poor Filipinos from benefiting from the country’s economic growth.

Posted: March 21st, 2012 in Latest Business Stories | Read More »

Stronger anti-money laundering law pushed

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Malacañang has certified as urgent a bill seeking to put more teeth to the country’s existing Anti-Money Laundering Act (AMLA) as regulators called for tougher measures against the crime.

Posted: February 2nd, 2012 in Editor's Pick,Headlines | Read More »

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