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The Board of Investments (BOI) sees project approvals this year hitting their highest level in nearly two decades, growing at least 13 percent to breach the P500-billion mark.

Uncertainty over Britain’s plan to exit the European Union and US president-elect Donald Trump’s inauguration left local stocks reeling for a fifth consecutive session yesterday.

The House of Representatives approved on third and final reading on Monday night two bills that extend the legislative franchises of Smart Communications and GMA Network Inc. for another 25 years.

Columns

The Duterte government is committed to pursuing a tax policy reform program that will not only generate additional revenues, but will also provide for a more simple, fair and efficient system for taxpayers.

Last week’s essay closed by emphasizing the need to pass the comprehensive tax reform program to provide the proper non-inflationary financing for the 10-year development plan that involves higher infrastructure investments and other public spending program.

For someone who has zero experience in diplomacy, President Duterte has certainly captured the imagination of the world and its leaders. Last week, it was obvious the Japanese Prime Minister was seriously courting PDutz with a charm offensive and an $8.7 billion ODA offer.

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Net earnings of state-run Philippine Ports Authority (PPA) rose 17 percent from January to November last year.

The Board of Investments (BOI) has inked a agreement with the Housing and Land Use Regulatory Board (HLURB) to speed up the processing of applications of various housing permits, licenses and clearances.

Electricity spot market prices plunged to a five-year low in December, keeping the annual average on the downtrend in the last three years, based on data from the Philippine Electricity Market Corp. (PEMC).

Listed sugar miller Victorias Milling Co. Inc. (VMC) saw its net income for the first quarter of crop year ending November 2017 drop by nearly 60 percent due to lower cane productivity.

The Department of Trade and Industry (DTI) has conflicting findings regarding some 20,000 metric tons of imported steel from China.

The Board of Investments (BOI) has approved the application of KTM Asia Motorcycle Manufacturing Inc., a partnership between Ayala Corp. and Austria-based KTM AG, as a new participant in the country’s motor vehicle development program.

Aboitiz Power Corp. has contracted an additional five megawatts (MW) of clean energy to Zamboanga Del Norte Electric Cooperative (Zaneco) from its Manolo Fortich hydropower facility in Bukidnon which will be completed in the third quarter of 2017.

The Insurance Commission (IC) is optimistic the insurance industry would experience positive growth this year on the back of sound economic foundations of the country.

Business process outsourcing (BPO) companies are being encouraged to move their new projects out of Metro Manila under the new Investment Priorities Plan, while new telecommunication players are urged to support their provincial expansion.

The latest Global Business Survey from workspace provider Regus found that nearly 60 percent of people in the Philippines (52 percent worldwide) now work remotely for at least half their working week. 

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