Open skies to spur Asean growth

Monday, March 30, 2015 - 12:47 a.m.

THE Asean Single Aviation Market (Asam) is crucial to the development of the aviation industry and the economic growth of Southeast Asia, an Air Asia Zest executive said.

PH set for vibrant growth

Saturday, March 28, 2015 - 12:09 a.m.

STRONGER government spending is expected to boost Philippine economic growth this year, further bolstered by robust private consumption and a solid outlook for investment and exports, according to a new report from the Asian Development Bank (ADB).

Gross domestic product is set to pick up by 6.4 percent in 2015 and 6.3 percent in 2016, up from 6.1 percent in 2014, a year that saw restrained government expenditure in the wake of a Supreme Court ruling against certain public funds, according to ADB's annual Asian Development Outlook.

$430-M in export value noted in Q4 last year

Friday, March 20, 2015 - 09:06 p.m.

THE Philippine Statistics Authority (PSA)-Davao reported that Davao region posted an export value of $430.13 million in the fourth quarter of 2014.

Custom deals for SMEs

Friday, March 13, 2015 - 10:56 p.m.

RATHER than provide set bundles to their clients, PLDT SME Nation is customizing its services to fit their needs instead. They expect that with their new partnership with Samsung and Microsoft, and the changing needs of small businesses, they can double their client base.

Cebu vital to Lexmark success

Monday, March 9, 2015 - 09:54 p.m.

WITH a large chunk of its global services supported by its Cebu facilities, Lexmark International Inc. chairman and chief executive officer Paul Rooke considers its Cebu operations an important part of their business.

NorMin biz leaders tackle doing business in free trade areas

Saturday, March 7, 2015 - 02:35 p.m.

TO ADDRESS the economic situation in northern Mindanao and prepare for its participation in the upcoming integration through the Asean Economic Community (AEC), the Department of Trade and Industry in Northern Mindanao together with the region’s business leaders met and discussed the updates of the country’s strategy in doing business in free trade areas (DBFTA) here last Thursday.

With the coming of AEC, multi-stakeholders like small and medium enterprises (SMEs) and local industries in the region are expected to participate in the international market.

Dilmah opens in Radisson Blu

Friday, March 6, 2015 - 10:58 p.m.

RADISSON Blu Cebu unveiled last Tuesday the first Dilmah t-Bar in the Philippines.

Agri continues to propel Davao growth

Monday, February 23, 2015 - 11:01 p.m.

AGRICULTURE will continue to propel Davao Region's economy despite setbacks from natural calamities in 2012 and 2013.

Study: PH one of fastest rising economies in 2050

Sunday, February 22, 2015 - 09:39 p.m.

THE Philippines is projected to become one of the 32 largest economies in the next 35 years, joining a list of newly emerging and established emerging economies that are helping to push the shift of economic power from advanced economies to emerging markets.

P10 drop in prices of agri products

Sunday, February 22, 2015 - 08:45 p.m.

THE Philippine Statistics Authority (PSA)-Bureau of Agricultural Statistics (BAS) in Davao City noted a price drop of P10 in selected agricultural commodities at the Bankerohan Public Market last February 20.

SME clustering pushed

Sunday, February 8, 2015 - 10:29 p.m.

TO BE able to effectively compete in the Asean market once the Asean Economic Community (AEC) takes effect later this year, small and medium enterprises (SMEs) should be clustered to be able to cater to the demands of the bigger Asean market, a former national economic planner said.

Mindanao to play vital role in PH economic performance

Thursday, February 5, 2015 - 11:01 p.m.

NATIONAL Economic Development Authority (Neda) Director-General Arsenio Balisacan said Mindanao is seen to contribute largely to the economic performance of the Philippines once there is improved peace and stability in the island.

Balisacan, who was a guest speaker during the Seminar for Regional Media on Apec 2015 of the US Embassy Manila on Tuesday, said the seven to eight percent projected growth for the Philippines in 2015 and 2016 could be higher if Mindanao goes full swing in terms of development.

Davao inflation seen to drop to 3% in 2015

Tuesday, February 3, 2015 - 11:13 p.m.

THE inflation rate in Davao Region is seen to go down to three percent this year brought about by the continuing reduction in the prices of gasoline, an official from National Economic and Development Authority (Neda)-Davao said Tuesday.

PH is 2nd fastest growing economy in Asia in 2014

Thursday, January 29, 2015 - 10:36 p.m.

ALTHOUGH economic growth slowed down last year, the Philippines made it as the second fastest growing economy in Asia, next to China.

Economic Planning Secretary Arsenio M. Balisacan, also director-general of the National Economic Development Authority, reported Thursday the Philippine economy grew 6.1 percent in 2014, behind China's 7.4 percent and slightly higher than Vietnam's 6.0 percent.

More investment opportunities for PH with GSP+

Sunday, January 25, 2015 - 10:55 p.m.

THE Philippines as beneficiary of European Union's (EU) General Scheme of Preferences Plus (GSP+) is seen to bring in more investment opportunities for the country, a trade official said.

Philippines, Europe FTAs eyed

Friday, January 23, 2015 - 10:05 p.m.

AFTER being a beneficiary of European Union (EU)'s General Scheme of Preferences Plus (GSP+), the Philippine government will be pursuing two free trade agreements (FTA) in a bid to strengthen presence of local export products in the European market.

The first will be the FTA with European Union (EU)-member countries and the second will be FTA with non-EU member nations.

Imports in Davao Region up by 64%

Monday, January 19, 2015 - 09:08 p.m.

THE Philippine Statistics Authority (PSA) in Davao Region reported a total of $398.87 million worth of import commodities as of the third quarter of 2014.

Davao exports up 12%

Sunday, January 18, 2015 - 10:34 p.m.

THE Philippine Statistics Authority (PSA) in Davao Region reported that exports in the region posted a 12-percent increase in freight on board (FOB) value to $595.05 million, as of the third quarter of 2014 as compared to $531.39 million in the same period in 2013.

Agricultural products remain as the top export commodity in the region, including banana, coconut, pineapple, rubber, among others.

Garments, hard goods export sales seen rising in 2015

Saturday, January 17, 2015 - 11:47 p.m.

LOCAL garments and hard goods manufacturers expect export earnings to increase by 10 to 15 percent this year after the grant of the European Union's (EU) Generalized Scheme of Preferences Plus (GSP+) status to the Philippines.

Robert Young, president of the Foreign Buyers Association of the Philippines (FOBAP), said the group's basic merchandizes --footwear, garments and the handicrafts will be exported to the EU bloc at zero duty.

Exporters urged to avail of GSP+

Wednesday, January 14, 2015 - 09:00 p.m.

EXPORTERS in Davao Region have been urged to take advantage of the recently approved Generalized System of Preferences Plus (GSP+) of the European Union (EU), which allows them more access to the European market.

Some 6,000 export commodities and products coming from the Philippines will be able to enjoy duty-free access to the European market should they avail of the EU's GSP+, which is the "tariff preferences under the special incentive arrangements for sustainable development and good governance."

Asean unveils plans for formal declaration of AEC

Monday, January 12, 2015 - 11:29 p.m.

THE Association of Southeast Asian Nations (Asean) for 2015 will focus on bringing down the remaining barriers to trade, face up to nontariff barriers and rising protectionism, and lay out a decade-long plan for economic growth in the sub-region.

Mindanao's econ to grow 7-8 percent in 2014

Monday, January 5, 2015 - 09:58 p.m.

MINDANAO'S gross regional domestic product (GRDP) for 2014 is expected to grow around seven to eight percent brought about by a strong economic performance and less incidents of man-made or natural disasters.

New investments in Davao down 154% as of October

Sunday, January 4, 2015 - 09:41 p.m.

THE Board of Investments (BOI) registered a total of P12.19 billion in new investments in Davao Region as of October 2014, down by 154 percent as compared to the same period in the previous year with P31.01 billion.

P77M set aside for Dole's livelihood, employment program

Friday, January 2, 2015 - 07:09 p.m.

THE Department of Labor and Employment (Dole) in Davao Region has allotted some P76.97 million for the Dole Integrated Livelihood and Emergency Employment Program (Dileep) for 2015.

Dileep is an initiative of the agency that is aimed at contributing to the government's agenda of inclusive growth "through massive job generation and substantial poverty reduction and reduce the vulnerability to risks of the poor, vulnerable, and marginalized workers."

P100-M spent for Candaba projects

Saturday, December 27, 2014 - 08:51 p.m.

CANDABA Mayor Rene Maglanque announced that more than P100 million in government funds were utilized to improve roads and municipal buildings as part of his strategy to improve the local economy and attract more investors.

P100-M for new project

Monday, December 22, 2014 - 08:25 p.m.

DAVAO Light and Power Company (DLPC) will be pouring in some P100 million next year for the replacement of overhead cables to underground cables.

"That will be our big project next year. We will start a pilot for underground cabling [but] we are not yet at liberty to say where," said Arturo M. Milan, DLPC executive vice president, during Monday's Kapehan sa Dabaw at SM City Davao Annex.

Developers seek higher price ceilings

Thursday, December 18, 2014 - 09:27 p.m.

WITH the increasing cost of land and construction materials, the Subdivision Housing and Developers Association (SHDA) has proposed to the government to increase the ceiling price for economic housing to P1.7 million, from the current P1.25 million.

P226M needed to implement Bangsamoro development plan

Monday, December 15, 2014 - 10:26 p.m.

A PROPOSED budget of P225.655 billion is needed for the implementation of the Bangsamoro Development Plan (BDP) in 2015-2016 to help improve the situation of the soon to be established Bangsamoro.

Bangsamoro Development Agency (BDA) programs division head Engr. Windel P. Diangcalan, in an interview with Sun.Star Davao at Park Inn Hotel on Monday last week, said this is the proposed budget they have come up with for the Bangsamoro until 2016, based on the output of their workshops and meetings with other agencies.

2 big transport projects boost Davao's bid as transhipment hub

Wednesday, December 10, 2014 - 08:57 p.m.

THE entry of big ticket transportation project in Davao Region this year is seen to boost the region's position as a major transhipment hub, a trade official said.

Trade mission in China to lure investors

Wednesday, December 10, 2014 - 08:56 p.m.

THE Davao City Investment and Promotions (DCIPC) is planning to conduct a trade mission to China to invite potential investors from the manufacturing industry to put up shops in Davao City.