Foreign businesses still confident on Ph business climate

 

By Rose de la Cruz

 

The National Economic and Development Authority (NEDA) dispelled claims that foreign businesses are leaving the Philippines saying the foreign investors remain confident of doing business here despite the 14 percent decline in foreign direct investments (FDI) in the first half of 2017.

 

It also clarified that foreign equity placements, which Senate minority leader Franklin Drilon pointed out during the Senate interpellation last week on NEDA's proposed budget, is only a component of total FDI. Other components of FDI are reinvestment of earnings and intra-company loans or debt instruments.

 

Data released by…

Read more: Foreign businesses still confident on Ph business climate

AGRICULTURE News Briefs - October 9, 2017

55 Garlic Importers Banned

The Department of Agriculture (DA) has blacklisted 55 garlic importers, while the Department of Justice (DOJ) is probing allegations regarding manipulation of supply and price.

Agriculture Secretary Manny Piñol said that the suspension of these firms was based on the list of the justice department and of an earlier probe held by Sen. Cynthia Villar on the alleged garlic cartel in the Senate hearing.

Recently, DA already suspended 43 importers following their failure to use sanitary and phyto-sanitary import clearances (SPS-IC) for 50,000 metric tons of garlic.

Piñol said in an earlier interview that “a garlic…

Read more: AGRICULTURE News Briefs - October 9, 2017

Light At The End Of The Tunnel

Businessmen are asking if the Department of Trade has been urged to flex its muscle in the solution of the worsening traffic. 

Traffic problem is a space problem. It becomes a problem when demand for space by growing number of cars are not met.

In the case of the Philippines, the auto industry reports sale of hundreds of thousands of units every year. This means geometric increase in demand for space while supply of new lanes of roads comes in trickles.

Thanks to President Duterte and his Build Build Build team, construction of new roads is being rushed at…

Read more: Light At The End Of The Tunnel

Modernize Mindanao Ports: It’s Long Overdue

ONLY with the modernization of its major ports can the island of Mindanao open itself up for more business opportunities on the local and international markets.

Senate President Aquilino “Koko” Pimentel asserted this in support of local businessmen’s call to modernize Mindanao’s ports and make it at par with international standards.

Pimentel said modernizing the local ports in Mindanao, using a global benchmark, will encourage healthy competition in the domestic shipping industry.

“We should fully implement the law that allows foreign ships’ co-loading for domestic transshipment to encourage healthy competition. But our ports have to be upgraded to meet the…

Read more: Modernize Mindanao Ports: It’s Long Overdue

NEDA vows to address data gaps on UN SDG goals

The National Economic and Development Authority on Wednesday vowed to address data gaps in monitoring the Philippines' progress in achieving targets under the Sustainable Development Agenda of the United Nations. 

In his keynote address on Wednesday at the International Conference on Sustainable Development Goals Statistics in Makati, Socioeconomic Planning Secretary Ernesto M. Pernia pointed out that while the Philippine Statistics Authority (PSA), a NEDA-attached agency, had released an initial list of Sustainable Development Goals (SDGs) indicators to be monitored, many have yet to be defined and collected. 

“In terms of monitoring and reporting, the Philippine government is still…

Read more: NEDA vows to address data gaps on UN SDG goals

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