Tag: says
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D&L says exports to capture half of revenue in next 2-3 years
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D&L Industries says exports to account for half of total revenue in next two to three years. D&L Industries, Inc. said it expects its export business to make up half of its total revenue in the next two to three years, driven by its new Batangas plant. “Maybe it will…
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DBCC won’t revise target ‘for now,’ says Balisacan
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THE Development Budget Coordination Committee (DBCC) is not planning to revise next year’s growth target “for now,” National Economic and Development Authority (NEDA) Secretary Arsenio M. Balisacan said.
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3 German firms considering PHL expansions, PEZA says
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THE Philippine Economic Zone Authority (PEZA) said three German companies in the automotive, semiconductor, and pharmaceutical industries are planning to expand their Philippine operations. In a statement Sunday, the investment promotion agency (IPA) said it found out about the expansion plans after business-to-business meetings on a visit to Germany this…
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Philippines says China Coast Guard rules a provocation
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MANILA – Philippine Defense Secretary Gilberto Teodoro said on Friday that China’s rules about how its Coast Guard can operate in the South China Sea were a matter of international concern, describing them as a provocation. China, which has maritime sovereignty disputes with the Philippines and other claimant countries in…
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PHL on track to reach upper middle-income status, says NEDA chief
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THE PHILIPPINES is still on track to become an upper middle-income economy next year as long as the growth momentum continues, National Economic and Development Authority (NEDA) Secretary Arsenio M. Balisacan said. “If growth this year is not dampened, [we] should be on track,” he told reporters on the sidelines…
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Education, manufacturing and tourism are key growth drivers, says JG Summit CEO
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THE PHILIPPINE government and private sector should harness the potentials of education, manufacturing and tourism, which are critical to economic growth, JG Summit Holdings, Inc.’s top executive said on Wednesday.
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Infrastructure spending increased by 15% in March, says Budget dep’t
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STATE SPENDING on infrastructure rose by 15% in March as the government ramped up disbursements for public works and defense modernization projects, the Department of Budget and Management (DBM) said.
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Finance department says no plan to further raise sin tax rates
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THE DEPARTMENT of Finance (DoF) is not planning to raise taxes on “sin” products but is closely looking into the mounting tax losses due to illegal importation of cigarettes. “We will not impose any hike except for the existing [rates,]” Finance Undersecretary and Chief Economist Domini S. Velasquez said at…
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Energy Transition Delay Could Cost Trillions and Raise Temperatures by 3°C, Says Report
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A five-year delay in the global energy transition could lead to a 3°C rise in global average temperatures above pre-industrial levels, according to Wood Mackenzie’s latest analysis. The report, “A […] The post Energy Transition Delay Could Cost Trillions and Raise Temperatures by 3°C, Says Report appeared first on SolarQuarter.
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Progress of 2025 budget on track, says DBM
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GOVERNMENT AGENCIES have turned in their 2025 budget proposals to the Department of Budget and Management (DBM) as of end-April, with next year’s spending plan still on track for submission to Congress by July, Budget Secretary Amenah F. Pangandaman said.