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As Board Chairman of the Philippine Economic Zone Authority (PEZA), Trade Secretary Fred Pascual praised PEZA’s top-performing economic zone developer and locator companies during the Investors’ Recognition Day recently. In its 27th year, PEZA serves as a primary government agency that handles investment promotion in the export industry and ecozone developments in the country. The Authority […]
Trade Secretary Fred Pascual encouraged German companies to invest in the Philippines during a meeting organized by the German Federal Ministry of Economic Affairs and Climate Action in collaboration with the Asia-Pacific Committee of German Business and DTI-Berlin. In his remarks before a combined delegation from both government and the private sector led by Federal […]
Tourism Secretary Christina Garcia Frasco laid down the holistic and comprehensive plan, objectives, as well as strategies of the Department of Tourism (DOT) to revitalize the tourism sector that has been greatly affected by the COVID-19 pandemic. During the Philippine Economic Briefing (PEB) in New York, United States of America, Frasco joined the economic team of President Ferdinand […]
Some P32.98 billion in foreign direct investments (FDIs) approved in this premier freeport accounted for 71.34 percent of the total P46.23 billion approved by all Investment Promotion Agencies (IPAs) in the country during the second quarter of the year. Those investments were pledges approved by the following IPAs – Authority of the Freeport Area of […]
Albay governor-elect and outgoing Legazpi City Mayor Noel Rosal expressed satisfaction as he leaves his office with more than enough funds for the continuance of his flagship programs for the city and its sustained development. Rosal said he felt sad about giving up his post as city mayor but is happy to leave behind enough financial […]
The local government unit (LGU) of Daraga, Albay broke ground for its P60-million legislative, business building that will be constructed beside the town hall building. The three-story building to be constructed in a 2,366-square meter floor area was financed from the town’s general fund for 2021 and is expected to be completed in a year. […]
Senator Grace Poe said improving electricity services in far-flung areas of Mindanao and lowering their rates could pave the way for more investments and businesses into the area. The Senate committee on public services deliberated recently a House bill seeking to expand the franchise area of electricity distribution firm Davao Light and Power Co. (DLPC). […]
Senator Dick Gordon has assured that Mindanao will not be left behind in the pursuit in progress once re-elected. Gordon, who came to the provinces of Misamis Oriental and Bukidnon as a guest senatorial candidate of the Robredo-Pangilinan tandem, is envisioning the area as a major Regional Investment and Infrastructure Coordinating Hub (RICH). “Having a […]
Senator Francis “Kiko” Pangilinan said the government should pool enough investment in the agriculture sector in order for the private sector to be inspired and follow suit. According to the former food security secretary, the deepest pockets in the economy are the private sector, and the Philippine government should leverage on this for the agriculture […]
Despite the impact of the COVID-19 pandemic, the Philippines remains among the world’s most innovative economies. The Global Innovation Index (GII) 2021 ranks the Philippines at 51st out of 132 countries, as it sustains its status as an “innovation achiever” for the third consecutive year. “Our experience validates the strong potential of innovation to catalyze job […]