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Senior Citizens Party-list Representative Rodolfo Ordanes pointed out in a statement that Mindanao, the tourism sector, and enterprises of all sizes will gain much from the CREATE MORE amendments to the National Internal Revenue Code in a law President Ferdinand Marcos Jr. signed in Malacanang recently. Ordanes is one of the principal authors of the […]
The chair of the House of Representatives’ labor and employment committee hailed the increase of foreign direct investments in the country, saying these investments would help in creating more jobs for Filipinos. Data released by the Bangko Sentral ng Pilipinas recently showed that FDI net inflows in July 2024 increased by 5.5 percent to $820 […]
“The Tatak Pinoy Act envisions extending the sterling Filipino reputation to locally-made products and services. Our objective is to ensure that products bearing the label ‘Made in the Philippines’ stand as symbols of quality, innovation, and sustainability,” said Department of Trade and Industry (DTI) Secretary Fred Pascual at the Tatak Pinoy Act Forum recently. Themed “Tatak Pinoy […]
Department of Trade and Industry (DTI) Secretary Fred Pascual is optimistic about the Philippines’ export performance following the expansion of the country’s merchandise exports by 26.4% in April 2024 to $6.2 billion from $4.9 billion in April 2023, according to preliminary data released by the Philippine Statistics Authority (PSA). Cumulative merchandise exports for the first […]
Speaker Martin Romualdez said the House of Representatives would focus on strengthening national security and enhancing economic development in the remaining session of the 19th Congress.“As we embark on another session this April 29th, our legislative focus sharpens on the dual imperatives of national security and robust development. Recognizing that peace is the cornerstone of […]
Speaker Martin Romualdez expressed optimism that the staging of the 6th Indo-Pacific Business Forum (IPBF) in Manila this year will draw a surge of foreign investments into the country, creating more jobs and livelihood opportunities for Filipinos.This developed after President Ferdinand Marcos Jr. extended his invitation to top US business leaders to participate in the […]
AnaKalusugan Party-list Rep. Ray T. Reyes believes lowering taxes on stock transactions could bring in 4.3 trillion pesos in economic value and attract more foreign investors in the country. “Ayon sa aming mga pag aaral, inaasahang 4.3 trillion pesos in economic value ang darating sa Pilipinas kapag ibinaba ang tax rates sa stock market transactions,” […]
If some self-proclaimed business leaders had their way, wages would have remained the same for the last 40 years as they have not in one instance supported any move to raise workers’ pay, Senator Chiz Escudero said. Joining them, Escudero said, “are ivory tower individuals who love to preach about the economics of a running […]
Senator Nancy Binay said the proposed amendments to the economic provisions of the 1987 Constitution are “not a magic solution” to the problems confronting the Philippine economy and every struggling Filipino citizen. In a radio interview, Binay questioned whether the proposed amendments would genuinely lead to lower prices of basic commodities. “Hindi lang ito ang […]
The country’s premier industry development and investment promotion agency recorded P1.16 trillion (T) in investment approvals—the highest-ever level in the Agency’s 56-year history. This surpasses the previous record of P1.14T generated in 2019 and is already 59-percent higher than last year’s P729.1 billion (B) level. This also marks the third time in four years the […]