National

DTI calls on producers to roll back prices as world oil prices drop

MAKATI, Dec 3 — Trade and Industry Secretary Gregory L. Domingo is calling on producers to make adjustments on the prices of their products commensurate to the decrease in transportation costs they are realizing due to the drop in world oil products. “Filipino consumers,” he says, “should also benefit from the continuous fall in world oil prices that have gone down some 30 percent since June this year.” Secretary Domingo has instructed the DTI’s Consumer […]

Bangsamoro vital to 2015 ASEAN integration

PAGADIAN CITY, Dec. 3 — The passage of the Bangsamoro Basic Law (BBL) will be crucial to the participation of the Philippines in the anticipated economic integration of the Association of Southeast Asian Nations (ASEAN) in 2015. “It is important for us to ensure the security and stability of Mindanao, because geographically, it is our gateway to our ASEAN neighbors,” said Undersecretary Jose Lorena of the Office of the Presidential Adviser on the Peace Process […]

President Aquino vows to strengthen fight vs corruption

MANILA, Dec. 3 — President Benigno Aquino III has pledged to strengthen and rationalize government’s reform measures in weeding out corruption during the 2nd State Conference on the United Nations Convention Against Corruption (UNCAC) held in Malacañan Palace on Tuesday. In his speech, the President said he has approved the proposal to draft an executive order to institutionalize an Integrity Management Program (IMP) in government agencies based on the UNCAC. The Joint Technical Working Group, […]

DTI, private sector work to integrate local SMEs to global value chains

MAKATI, Dec 2 — In this year’s National Exporters Week, the Department of Trade and Industry (DTI), Export Development Council (EDC), and Philippine Exporters Confederation, Inc. (PHILEXPORT) will focus on the theme of developing and fortifying the presence of small and medium enterprises (SMEs) in global value chains. “Amid globalization and full integration of the ASEAN economies next year, we have been vigorously supporting the improvement of the capabilities of our SMEs so they can […]

Fiscal deficit for Oct 2014 contracts to P2.5 billion

MANILA, Dec 2 — The National Government (NG) registered a P2.5 billion fiscal deficit in October, 77% lower than the amount posted in the same period last year as expenditures continued to grow at a slower pace than revenues. In a statement, the National Economic and Development Authority yesterday said total revenues for the month amounted to P152.3 billion, or a growth of 13% compared to the same month last year. This brings year-to-date collections […]

DBM working with Congress for smooth passage of supplemental budget, says Palace

MANILA, Dec 2 — The Department of Budget and Management (DBM) is coordinating with Congress for the smooth passage of the P23.3-billion supplemental budget, a Palace official said on Monday. “Ginagawa ng administrasyon sa pamamagitan ng DBM, ang pakikipag-ugnayan sa ating mga mambabatas at sa mga lider ng Kongreso para magkaroon ng pagkakaunawaan kung ano ang pinakamainam na landas na tatahakin hinggil dito sa pagkakaroon ng supplemental budget,” Presidential Communications Operations Office Secretary Herminio Coloma, […]