Moody’s Debt Rate for the Philippines
Moody’s Investors Service Tuesday changed to ‘Positive’ from ‘Stable’ its outlook on the Philippines’ banking system. In a report dated Dec 18, 2012, the debt watcher attributed the improvement of the outlook to the resiliency of the domestic economy, banks’ diversified loan portfolio and income sources and continued improvement of the sector’s asset quality, capitalization [...]
Growth and monetary policy in ASEAN countries
The Philippines along with some Association of Southeast Asian Nation (ASEAN) countries are in the “sweet spot” in terms of growth and monetary policy, Moody’s Analytics said. In a report dubbed “ASEAN Outlook: A Bright Spot” penned by Katrina Ell and Fred Gibson, Moody’s Corporation’s economic analysis arm, said that for one, central banks in [...]
Philippine legislation on mining revenue sharing
A new legislation on mining revenue sharing is not likely to be passed this year as Congress effectively stops session ahead of the May 2013 election, the speaker of the House said on Tuesday. In an interview on the sidelines of the Mining Conference 2012, House Speaker Feliciano Belmonte said that lawmakers will not be [...]
Feasibility study in using rice straw for power generation
State-run Philippine Rice Research Institute (PhilRice) has signed an agreement with French firm Enertime to assess the feasibility in using rice straw for power generation. Eufemio Rasco Jr., PhilRice executive director, said that the use of rice straw in power generation could help farmers reduce production cost amid rising petroleum prices. “It’s important to develop [...]
Safe Use of Electrical Appliances and Gadgets
President Benigno S. Aquino III has declared the month of May of every year as Electrical Safety Month to increase public awareness on electrical safety and educate the people on the safe use of electrical appliances and gadgets. The Chief Executive issued the declaration in Proclamation No. 193 signed by Executive Secretary Paquito N. Ochoa, [...]
Global Marketing and Intelligence System GMIS
The Department of Trade and Industry (DTI) launched recently the Global Marketing and Intelligence System (GMIS), which a continuation of last year’s restructuring of the department to cope with the current global economic environment. The GMIS will synchronize the trade and investment promotion activities of the DTI and other government agencies in a more efficient [...]
Asean’s 100 Wealth Makers
New York-based management advisor Stern Stewart & Co. has included International Container Terminal Services, Inc. (ICTSI) in its Association of Southeast Asian Nations (ASEAN) 100 Relative Wealth Added (RWA) Index list for 2009. ICTSI was ranked 39th in Southeast Asia and third in the Philippines in the list’s RWA-Overall Business Cycle. Eleven Philippine companies made [...]
Philippine economy is likely to grow 4.2 percent in 2012
The World Bank on Tuesday said the Philippine economy is likely to grow 4.2 percent next year due to the full recovery of public spending and exports. In its latest Philippines Quarterly Update, the Washington-based lender said the country’s gross domestic product (GDP) is projected to grow 4.2 percent next year from an earlier forecast [...]