Category: Economy

DTI Zambales launches Negosyo Center Learning Center to empower local entreps

By Reia G. Pabelonia | November 14, 2024 IBA, Zambales (PIA)  — The Department of Trade and Industry (DTI) Zambales launched the Negosyo Center Learning Center in Iba town. This new facility provides clients with access to a wide range of online learning modules through computer units with internet connection designed to empower local entrepreneurs with… Read More DTI Zambales launches Negosyo Center Learning Center to empower local entreps

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Maritime laws vital to protect PH waters – PBBM

By Ruth Abbey Gita-Carlos | November 12, 2024 MANILA – The new maritime laws will help the Philippines in protecting its territory by making a clear delineation of its territorial waters, President Ferdinand R. Marcos said Monday. “Marami tayong sinasabi (We are saying) that we have to protect our sovereign rights and our sovereignty. So, it… Read More Maritime laws vital to protect PH waters – PBBM

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New maritime, sea lanes laws to secure PH waters, marine resources

MANILA | November 12, 2024– Senator Loren Legarda on Monday lauded the Philippine Maritime Zones Act (Republic Act 12064) and the Philippine Archipelagic Sea Lanes Act (RA 12065) for their complementary roles in protecting the country’s marine resources. Legarda said the two laws shall work in tandem to reinforce the Philippines’ maritime sovereignty and security. “I… Read More New maritime, sea lanes laws to secure PH waters, marine resources

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PBBM inks CREATE MORE bill into law to spur more investments

By Ruth Abbey Gita-Carlos | November 11, 2024 MANILA – President Ferdinand R. Marcos Jr. on Monday signed the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) Act to promote the Philippines as a prime investment destination. CREATE MORE Act or Republic Act (RA) 12066, signed by Marcos… Read More PBBM inks CREATE MORE bill into law to spur more investments

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Villanueva: EBET Act to boost employment for PH workforce

SENATOR Joel Villanueva, principal author and sponsor of Republic Act No. 12063, or the Enterprise-Based Education and Training (EBET) Framework Act, welcomed the signing of the measure as a significant milestone in the country’s effort to address the perennial problem of job-skills mismatch.  Villanueva expressed his gratitude to President Bongbong Marcos for entrusting him with… Read More Villanueva: EBET Act to boost employment for PH workforce

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Gov. Ebdane: Strategic action urgently needed for WPS fishers

By E.H. Edejer | October 29, 2024 IBA, Zambales — With geopolitical issues in the West Philippines Sea (WPS) adversely affecting local fisherfolk, Governor Hermogenes Ebdane Jr. is calling for strategic actions that would sustain and enhance the livelihood of fishermen in the coastal province of Zambales. In his message at the Provincial Caravan for… Read More Gov. Ebdane: Strategic action urgently needed for WPS fishers

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I Squared acquires Philippines Coastal Terminal in Subic Bay

By Tank Terminals | October 24, 2024 I Squared Capital announced today that it has entered into an agreement to acquire Philippines Coastal Storage & Pipeline Corporation and its affiliate entities. Based in the Subic Bay Freeport Zone, and serving the Luzon Economic Corridor (LEC), Philippines Coastal is the largest independent import terminal in the… Read More I Squared acquires Philippines Coastal Terminal in Subic Bay

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Zambales wins top awards in local-source revenues; 4 other LGUs cited

IBA, Zambales — The Province of Zambales gained recognition as among the top 10 performing provinces in the country in terms of local source revenues for the fiscal years 2022 and 2023, clinching three top slots in ceremonies held by the Department of Finance on Oct. 9 at Seda Manila Bay Hotel in Parañaque City.… Read More Zambales wins top awards in local-source revenues; 4 other LGUs cited

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Fish catch in West Philippine Sea declines amid geopolitical tensions, fuel costs and El Niño

By Liz Lagniton (Maritime Fairtrade.org) | October 7, 2024 FILIPINO fishermen are grappling with declining fish catches in the West Philippine Sea as geopolitical tensions, rising fuel prices, and climate conditions like El Niño took a toll. The Philippines’ exclusive economic zone, which is being claimed by China, has experienced a significant drop in fish… Read More Fish catch in West Philippine Sea declines amid geopolitical tensions, fuel costs and El Niño

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Central Luzon biz groups back BCDA charter amendments

SEVERAL business groups based in Central Luzon welcomed the Bases Conversion and Development Authority’s (BCDA) proposed amendments to Republic Act 7227, citing the measure’s role in creating more inclusive communities and in spurring economic growth in the region and the country. These organizations, namely the Pampanga Chamber of Commerce and Industry Inc. (PAMCHAM), Clark Investors… Read More Central Luzon biz groups back BCDA charter amendments

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