Auto industry counting on 2019 spending surge due to polls
AUTOMAKERS expect a sales recovery in 2019, counting on the traditional boost to consumer spending provided by elections.
PAGCOR 9 months revenue rises over 18%; land sale boosts profit
THE PHILIPPINE Amusement and Gaming Corp. (PAGCOR) said revenue from gaming operations grew 18.71% in the nine months to September to P50.31 billion.
DA backs emergency powers to speed up post-storm recovery
AGRICULTURE SECRETARY Emmanuel F. Piñol said he supports the granting of emergency powers to President Rodrigo R. Duterte by Congress that will allow him to act more decisively in response to calamities like typhoons.
DTI says open to US ‘collaboration’ on domestic meat rules
THE Department of Trade and Industry (DTI) said the Philippines does not expect to ease its meat-handling standards as part of any trade deal with the United States, amid pressure for Washington to align Manila’s rules with international practice.
Palay farmgate prices fall over 3% in mid-October
THE Philippine Statistics Authority (PSA) said the average farmgate price for palay, or unmilled rice, fell 3.16% week-on-week in the second week of October to P21.17 per kilogram (kg).
Most workers considering change of career, industry — Monster.com
THE vast majority of the work force is considering a change to another industry for improved financial prospects and stability, job search site Monster.com said, citing the results of a survey.
Trump expecting ‘great deal’ with China; more tariffs if not
SHANGHAI -- U.S. President Donald Trump said he thinks there will be “a great deal” with China on trade, but warned that he has billions of dollars worth of new tariffs ready to go if a deal isn’t possible.
PHL, China to sign at least five agreements during Xi Jinping’s visit
DAVAO CITY -- The Philippines’ economic managers met on Monday with a delegation from top trading partner China, led by State Councilor and Foreign Minister Wang Yi, to prepare the groundwork for at least five deals that are expected to be signed during President Xi Jinping’s November visit.
Palace backs Dominguez but he is ‘driving his own TRAIN’
PRESIDENT Rodrigo R. Duterte on Sunday reiterated his support for Finance Secretary Carlos G. Dominguez III, while also suggesting that Mr. Dominguez was ultimately responsible for the effects of the Tax Reform for Acceleration and Inclusion (TRAIN) Law.
ALU-TUCP says NCR wage positions far apart
THE leading mainstream labor organization said negotiating positions on the minimum wage increase in Metro Manila remain far apart ahead of the wage board’s upcoming decision for the region.
Senator, citing polls, casts doubt on TRABAHO bill passing by end-2018
A SENATOR said the second phase of tax reform, known as the Tax Reform for Attracting Better and High-quality Opportunities (TRABAHO) bill may face obstacles that will hinder its approval before the end of the year because of the upcoming elections.
Hog farmers oppose pork free trade deal with US
THE National Federation of Hog Farmers Inc. (NFHFI) said it opposes free trade in pork products between the Philippines and the US after the US hog industry expressed interest in expanding its footprint in the Philippines.