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Here in the Philippines, there are lots of events that can – and do – have an effect on the economy and global stock markets. From the recent debates over the local labour market to natural disasters such as Typhoon Haiyan, there are all sorts of ways that our system can be shifted and nudged.

How the global stock markets can affect the economy

October 10, 2019 by UPDATE PHILIPPINES Leave a Comment

Here in the Philippines, there are lots of events that can – and do – have an effect on the economy. From the recent debates over the local labour market to natural disasters such as Typhoon Haiyan, there are all sorts of ways that our system can be shifted and nudged. But did you know […]

Read More About: Economy

8 things you need to know about the free tuition law

8 things you need to know about the free tuition law

March 19, 2019 by UPDATE PHILIPPINES Leave a Comment

The free tuition law will cover the tuition and fees of students enrolled in 112 SUCs, 78 LUCs, and all duly registered technical-vocation education and training programs starting this school year. Filipino students will begin benefitting from the free tuition law starting school year 2018 to 2019. Commission on Higher Education (CHED) officer-in-charge Prospero de […]

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Universal Access To Quality Tertiary Education Act

Solon to CHED: Fast-track free college implementation ( free tuition law )

March 19, 2018 by PNA Leave a Comment

free tuition law — A party-list lawmaker on Thursday urged the Commission on Higher Education (CHED) to fast-track the implementation of the Universal Access to Quality Tertiary Education Act. 1-Ang Edukasyon Rep. Salvador Belaro Jr. said CHED, along with the Unified Student Financial Assistance System for Tertiary Education (UniFAST) board, only has two to five […]

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Bangladeshi conglomerate eyes USD10-M investment in PH

Bangladeshi conglomerate eyes USD10-M investment in PH

March 13, 2018 by PNA Leave a Comment

MANILA — A Bangladeshi conglomerate has expressed interest to invest some USD10 million in the Philippines, days after a report cited the country as the top destination for investments. The Department of Foreign Affairs (DFA) said the SAASCO Group has requested the Philippine Embassy in Dhaka to support and assist them in introducing them to Philippine […]

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January export receipts on forest products grow 83.2%

January export receipts on forest products grow 83.2%

March 11, 2018 by PNA Leave a Comment

MANILA — The country’s export receipts on forest products grew 83.2 percent in January from year-ago figures, with lumber and plywood shipments mainly accounting for the gain. The Philippine Statistics Authority (PSA) said January receipts totaled USD17.89 million in 2018, nearly double the USD9.76 million registered in 2017. Outbound lumber shipment receipts in January 2018 […]

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mineral export

January mineral export receipts up 236%; Gold outshines other metals

March 11, 2018 by PNA Leave a Comment

MANILA — The Philippines’ January export receipts on mineral products surged almost 236 percent in 2018, on the back of higher gold shipments. Export receipts for mineral products January this year totaled USD352.40 million, exceeding January 2017’s USD104.93 million, the Philippine Statistics Authority (PSA) has reported. Gold outshone the rest with outbound shipments of USD167.87 […]

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Japan donates 27 heavy equipment for Marawi rehab

March 9, 2018 by PNA Leave a Comment

MANILA – The Philippines is set to get another 27 sets of heavy equipment for the rehabilitation of war-torn Marawi City. This time, Department of Public Works and Highways (DPWH) Undersecretary Emil K. Sadain said the Japanese government will turn over 27 sets of heavy equipment to Task Force Bangon Marawi (TFBM) on March 15. “This […]

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Forbes: China And The Philippines Will Work Together To Tap The South China Sea’s Vast Oil Deposits

March 8, 2018 by Ruben Santos Leave a Comment

Ralph Jennings from FORBES wrote: China and the Philippines dispute parts of a sea, but both need fuel. Now both are sure they’ll find some. China needs fuel to grow the world’s second-largest economy by 6.5% this year as established this week at annual legislative sessions. The Philippines just entered year two of a half-decade infrastructure […]

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Beijing, Manila to discuss possible joint exploration in SCS

Joint exploration with China in West Philippine Sea legal ( Palace )

March 3, 2018 by Caleb Velasquez Leave a Comment

Malacañang on Thursday said the possible joint exploration of natural resources with China in the West Philippine Sea is legal amid concerns that it is a violation of the Constitution. At a press briefing, presidential spokesperson Harry Roque clarified President Rodrigo Duterte’s pronouncement on Wednesday in Marawi City where he likened the setup to a […]

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European Union (EU) and the Philippines

EU to disburse 3.8-M euros for DOH projects

March 3, 2018 by PNA Leave a Comment

MANILA — A high-level European Union (EU) official on Friday bared a total of 3.8 million euros will be disbursed for its ongoing health program in the Philippines, which includes a component on drug rehabilitation. In an interview with reporters, Stefano Marservisi, director general of the European Commission’s Directorate General for International Cooperation and Development, said […]

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EU agrees to modify future financial agreements with PH

March 3, 2018 by PNA Leave a Comment

MANILA – The European Union (EU) is ready to modify provisions of future financial agreements with the Philippine government to accommodate the concerns of the Duterte administration which had earlier rejected its assistance for allegedly meddling with the country’s internal affairs. Stefano Marservisi, director general for the European Commission’s Directorate General for International Cooperation and Development […]

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Federalism 101: Things we need to know

Federalism 101: Things we need to know

March 2, 2018 by PNA 1 Comment

Federalism 101 The push for a shift to a federal form of government has been gaining steam as a possible solution to the nation’s longstanding problems. President Rodrigo Duterte, who had a stunning electoral victory, championed federalism, envisioning it as the key to bring “lasting peace, progress, and prosperity for all of our peoples.” Under […]

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5K jobs available at EDSA anniversary fair: DOLE

5K jobs available at EDSA anniversary fair: DOLE

February 22, 2018 by PNA Leave a Comment

MANILA — Over 5,000 jobs, majority overseas employment, would be offered by 15 participating local employers and recruitment agencies at the one-day job fair on Sunday in Quezon City in celebration of the 32nd anniversary of the EDSA People Power Revolution, the Department of Labor and Employment (DOLE) said on Thursday. With this, Labor Secretary […]

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government from unitary to federal ,unitary to federal ,kayo po ang ,sa isang demokrasya, voice of the people

Federalism is within reach: Puno

February 20, 2018 by PNA Leave a Comment

Former Supreme Court (SC) Chief Justice Reynato Puno is convinced that the shift of the present system of government from Unitary to Federal is almost within reach. “Itong Federalismo ay halos abot kamay na natin. At ito po kung tayo’y papatnubayan ng ating Maykapal ay mangyayari at mangyayari sa panahon ng ating Pangulong (Rodrigo) Duterte. […]

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More than 3K modern jeepneys to be deployed within 3 months

More than 3K modern jeepneys to be deployed within 3 months

February 20, 2018 by PNA Leave a Comment

More than 3,000 modern public utility jeepneys will be deployed within the next 3 months in support of the Public Utility Vehicle Modernization Program (PUVMP). This was the commitment of various transport groups and vehicle manufacturing companies during the signing of the memorandum of agreement held last Friday at the Land Transportation Office (LTO) main […]

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Challenges facing Filipinos overseas tackled at global online confab

Challenges facing Filipinos overseas tackled at global online confab

February 16, 2018 by PNA Leave a Comment

Senior officials of the government and private institutions will tackle different problems and challenges facing overseas Filipinos (OFs), including persistent illegal recruitment, at a global conference for overseas Filipinos to be held here and shown live on YouTube on Feb. 24 and 25. The “2018 Global Conference of Overseas Filipinos & Livelihood/Investments Exhibition” also aims […]

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Over 1,000 jobs up in Carmona Mega Jobs Fair on Feb 21

Over 1,000 jobs up in Carmona Mega Jobs Fair on Feb 21

February 16, 2018 by PNA Leave a Comment

More than 1,000 local and overseas employment opportunities are up for job seekers at the “ Mega Jobs Fair ” slated at the town plaza here on Feb. 21, according to Carmona’s Public Employment Service Office (PESO) Thursday. Carmona PESO Chief Edwin E. Tolentino said that more than 20 national business firms and Calabarzon-based companies […]

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Mayon Volcano affected workers to get P60-M job, livelihood aid

Mayon Volcano affected workers to get P60-M job, livelihood aid

February 13, 2018 by PNA Leave a Comment

MANILA — Some 10,000 workers and evacuees affected by the restive Mayon Volcano are expected to benefit from the PHP60-million livelihood and emergency employment assistance of the Department of Labor and Employment (DOLE). Labor Secretary Silvestre Bello III said Tuesday that PHP30 million had been set aside for emergency employment under the Tulong Panghanapbuhay sa […]

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MANILA -- Malacañang on Tuesday welcomed the preliminary data of the Department of Finance (DOF) which showed that the country’s tax collections to gross domestic product (GDP) rose to 14.3 percent in 2017. Roque, in a press briefing in Tabuk, Kalinga, said that this figure is an increase of 0.6 percentage point from 2016. He, meanwhile, thanked the Filipino taxpayers and congratulated the Bureau of Internal Revenue (BIR) for its improved efficiency in revenue-collecting. “We thank the Filipino taxpayers for helping the government achieve its highest tax effort in 11 years,” Roque said. “Congratulations, too, to the hardworking officers and employees of the Bureau of Internal Revenue,” he added. Roque also assured taxpayers that the government would use the taxes they paid to fund the priority programs under the Duterte administration such as education, health and housing and infrastructure. “Makakaasa kayo na ang buwis na ibinayad ninyo ay isasauli namin sa taumbayan sa pamamagitan ng mas pinaigting na batayang serbisyong panlipunan (I can assure you that the taxes you pay will be returned to you through stronger public service),” Roque said. Happy with figures Last month, BIR announced that its tax collection effort has improved to 11.26 percent last year from an average of 10.5 to 10.9 percent in the last five years. BIR Commissioner Caesar Dulay said the bureau did some “last two minutes” moves last November and December as it urged taxpayers to be responsible on their dues. “We sought out the help of and we were very, very happy that they responded that’s why the figures are there,” Dulay said. “We have a very good tax ratio and we have a very good growth rate for 2017,” he added. Last year, the agency collected PHP1.779 trillion, 97.27 percent of its PHP1.829 trillion goal. Revenues grew by 12.92 percent, higher than the PHP1.576 trillion it collection in 2016. This year, BIR has been tasked to collect PHP2.039 trillion. (PNA)

Palace welcomes PH highest tax effort in 11 years

February 13, 2018 by PNA Leave a Comment

MANILA — Malacañang on Tuesday welcomed the preliminary data of the Department of Finance (DOF) which showed that the country’s tax collections to gross domestic product (GDP) rose to 14.3 percent in 2017. Roque, in a press briefing in Tabuk, Kalinga, said that this figure is an increase of 0.6 percentage point from 2016. He, […]

Read More About: Economy

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