Tag: Economic Growth
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Alyansa Candidates Outline Development Plans for San Jose del Monte’s Growth
COMMITMENT TO PROGRESS. At a press conference held at the Lusso Grand Ballroom in Hotel Savano, Savano Park, San Jose del Monte, Bulacan, on February 28, 2025, Senate candidates from the Alyansa Para sa Bagong Pilipinas coalition, including Senate Majority Leader Francis Tolentino, Las Piñas City Representative Camille Villar, former Interior Secretary Benhur Abalos, former…
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Maharlika Investment Corporation Approves $76.4 Million Loan for Makilala Mining’s MCB Project
The Maharlika Investment Corporation (MIC) has finalized a $76.4 million bridge loan agreement to support the initial stages of the Maalinao-Caigutan-Biyog (MCB) Copper-Gold Project. The MIC announced on Monday that the funds will be utilized to enhance Makilala Mining’s feasibility study and front-end engineering design, build a primary access road in collaboration with the Kalinga…
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Philippines Shatters Records with PHP1.9 Trillion in Investment Pledges for 2024!
In a stunning economic milestone, the Philippines has soared to new heights with a record-breaking PHP1.9 trillion in approved investment pledges for 2024. The Board of Investments (BOI) announced this monumental achievement on February 24, 2025, highlighting the Marcos administration’s successful strategy to elevate the country as a top-tier investment hub. This surge represents a…
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Philippines’ Exit from FATF Grey List Boosts Appeal for Foreign Direct Investment, Says AMLC
MANILA – The recent removal of the Philippines from the Financial Action Task Force’s (FATF) grey list is poised to significantly enhance the country’s allure as a prime destination for foreign direct investment (FDI), according to the Anti-Money Laundering Council (AMLC). This development marks a pivotal moment in the nation’s ongoing efforts to combat money…
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Japanese Companies Eyeing Philippine Market Amid Economic Growth and Reforms
The Japanese Embassy in Manila has noted a surge in interest from Japanese companies looking to tap into the Philippine market, driven by the country’s consistent economic growth and recent policy changes. During the Japanese National Day celebration in Taguig City, Ambassador Endo Kazuya highlighted the significance of the newly passed CREATE MORE law, officially…
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Philippine Central Bank Slashes Reserve Requirements to Boost Economic Growth
The Bangko Sentral ng Pilipinas (BSP) has announced a significant reduction in the reserve requirement ratio (RRR) for various financial institutions, effective from March 28, 2025. This move is aimed at enhancing the flow of funds into more productive sectors of the economy. Universal and commercial banks, along with non-bank financial institutions with quasi-banking functions…
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Revolutionizing Rural Economies: 200 Port Projects Set to Transform the Philippines
In a significant move to enhance economic inclusivity and sustainability, the Department of Transportation (DOTr) has announced the ongoing development of approximately 200 social and farm-to-market port projects across the Philippines. This initiative, part of the Marcos administration’s ‘Build, Better, More’ Program, is set to be completed by 2028, according to DOTr Undersecretary for Maritime…
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Philippine Lawmaker Advocates for Sustainable Agarwood Industry to Boost Farmers’ Income
In a bid to enhance farmers’ earnings and safeguard natural resources, AGRI Party-list Representative Manoy Wilbert Lee has urged the Philippine Congress to enact legislation promoting a sustainable agarwood industry. This call to action follows the seizure of a kilogram of smuggled agarwood, valued at PHP750,000, by the Bureau of Customs at a Pasay City…
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Philippine Business Leader Optimistic About High-Level Investments and Partnerships
Jaime Augusto Zobel de Ayala, the influential chairman of Ayala Corporation, expressed a strong belief in the Philippines’ potential for growth and readiness for significant investments and partnerships. Speaking at a recent board meeting of the US-Philippines Society (USPS) in Makati City, Zobel de Ayala, often referred to as JAZA, encouraged businesses to tap into…
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Mati Airport Secures Additional PHP700 Million for Expansion and Development
In a significant boost to regional infrastructure, the Mati Airport in Davao Oriental has been allocated an additional PHP700 million for its runway and site development. This announcement was made by Davao Oriental 2nd District Representative Cheeno Miguel Almario during a press conference on Monday. The funds, sourced from the 2025 General Appropriations Act, are…
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