PH co-hosts Indo-Pacific business forum next month

The Philippines will co-host the 6th Indo-Pacific Business Forum (IPBF) with the United States next month. The forum is the US government’s premier commercial event in the region. In a document shared by the Department of Trade and Industry (DTI), the IPBF on May 21 will gather some 500 participants composed of senior government officials, industry experts, and other stakeholders across the region. It…

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BOI hits nearly 50% of 2023 pledges in Q1 of 2024

The Board of Investments (BOI) has registered P607.22 billion worth of investment projects from January to April 17 this year. BOI Director Sandra Marie Recolizado said the figure is almost half of the registered projects for the full year of 2023, valued at P1.26 trillion. She told media reporters  the approved investments during the past four months was 15% higher than the P527.24 billion posted during the…

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PH first to sign rapid response to crisis pact with WB

DISASTER RESPONSE. World Bank Group managing director Anna Bjerde (left) and Finance Secretary Ralph Recto sign the Rapid Response Option agreement on April 20, 2024 in Washington, DC. The Philippines is the first country to sign the agreement with the World Bank. (Photo courtesy of DOF) MANILA – The Philippines recently signed the Rapid Response Option (RRO) agreement…

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NEDA seeks higher budget for Innovation Fund for 2025

National Economic and Development Authority (NEDA) Undersecretary Rosemarie Edillon told media they hope to double their Innovation Fund to P200 million next year from their current P100 million outlay. Edillon shared the information with reporters on the sidelines of the 2024 National Innovation Day Celebration at the Novotel Manila Araneta City in Quezon City. She said that aside from…

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New moto marketing revolutionizing the road with latest motorcycle products

UNVIELING THE NEW MODEL OF SKYGO AND MONARCH MOTORCYCLES: New Moto Marketing Corporation President Ramon Santos (left) and Castle Keep Communications Officer Jun P. Velasco.  In a bustling showcase of innovation and performance in the motorcycle industry. The New Moto Marketing Corporation proudly unveiled its latest motorcye product in the just concluded 16th Inside Racing…

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WB sees PH as one of fastest growing economies in East Asia

The World Bank has retained its 2024 Philippine economic growth forecast at 5.8% and expects the country to be the second fastest-growing economy in East Asia and in the Asia-Pacific region. In its April 2024 East Asia and Pacific Economic Update report, World Bank revised upward its 2025 Philippine economic growth forecast to 5.9% from the earlier 5.8%  projection. The report showed that the Philippines and…

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Lady lawmaker Garin notes improvement in PH investment climate

INVESTMENT CLIMATE. House Deputy Majority Leader and Iloilo 1st District Rep. Janette Garin responds to media queries during a press conference on Monday (April 1, 2024). She said the overall investment climate in the Philippines is improving. (Photo courtesy of House Press and Public Affairs Bureau) House Deputy Majority Leader and Iloilo 1st District Rep. Janette Garin has…

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