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Old Today, 08:27 AM   #461
Reeyell
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Philippines exploring expanded agri trade with Sweden

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Following a meeting between Agriculture Secretary Emmanuel F. Piñol and Ambassador Harald Fries of Sweden on April 18, Mr. Piñol noted that the Department of Agriculture (DA) is currently focusing on upgrading the country’s agricultural technology. He proposed that Sweden engage in helping the Philippines grow its agriculture sector, particularly in machinery like advanced water drilling technology and modern communications equipment for farmers. In a DA statement released over the weekend, Mr. Piñol also indicated an interest to join trade fairs to showcase Philippine organic agricultural products like chocolate. Meanwhile, Mr. Fries expressed interest in importing Philippine mangoes. “It is an exciting prospect to transport our mangoes, particularly those grown in Guimaras, to Sweden,” Mr. Piñol was quoted in the statement.

Guimaras, a key mango-producing region, was declared by the United States Animal and Plant Health Inspection Service in February 2013 as free of mango pulp and seed weevil pests. Data from the Department of Trade and Industry shows that Sweden ranked as the country’s 43rd trading partner out of 223 partners in 2015. It is also the Philippines’ 59th biggest export market and 36th largest source of imports with total bilateral trade amounting to $143.4 million.
http://www.bworldonline.com/content....eden&id=144134
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Old Today, 08:32 AM   #462
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IMF sees Philippines GDP growth at close to 7%



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WASHINGTON – The Philippine economy is capable of growing by around seven percent over the next two years on the back of robust domestic demand as well as a strong recovery in exports, according to the International Monetary Fund (IMF). “Economic growth is expected to remain robust at around seven percent this year and next year led primarily by domestic demand and a recovery in exports,” IMF deputy director for Asia and the Pacific Department Kenneth Kang said over the weekend.
The economy grew 6.9 percent last year from 5.9 percent in 2015 on the back of the one-off boost from election-related spending as well as higher investments, making the Philippines the fastest growing in the region.
Kang pointed out investor confidence remain strong as shown by the investment grade rating as well as positive and stable outlooks from S&P Global Ratings, Moodys Investor Service, and Fitch Ratings. External shocks arising from the normalization of interest rates in the US and the decision of the United Kingdom to leave the European Union more popularly known as Brexit as well as domestic political noise primarily from the all-out illegal drugs campaign of the Duterte administration have led to a volatile financial and capital markets. “So overall we don’t see signs that investors have lost confidence at all. In fact, if anything, investor confidence remains strong as reflected in the positive credit rating outlooks that the Philippines has,” Kang said.

The country has booked a positive GDP growth for the past 72 straight quarters or since the first quarter of 1999. The robust expansion was achieved amid a benign inflation environment allowing the Bangko Sentral ng Pilipinas (BSP) to maintain an accommodative policy stance since September 2014. Inflation kicked up to a 27-month high of 3.4 percent in March from 3.3 percent in February due to higher oil prices and more expensive electricity costs, but remained well within the BSP target of two to four percent. “Our view is that the stance of policy remains sound. Fiscal policy is appropriate focusing on inclusive growth and promoting social expenditures and infrastructure. Monetary policy is also on track given that inflation remains within the central bank target range,” Kang said. For his part, IMF mission chief for the Philippines Luis Breuer said the growth outlook for the Philippines is subject to risks which is overall tilted to the downside. “These include lower regional growth, US monetary policy tightening, and capital outflow. In addition, protectioninst sentiment in some countries could hamper the business process outsourcing sector, remittance flows, and the recovery of exports,” he said. On the other hand, Breuer said the upside risk to the outlook is the higher global growth due to stronger policy support in the US and China.

(snipped)

http://www.philstar.com/business/201...growth-close-7
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Old Today, 08:36 AM   #463
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Philippines expected to improve ease of doing business

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MANILA, Philippines - The Philippines is expected to post an improvement in the World Bank’s “Doing Business” report this year but will likely fall short of cracking the top third of the global rankings, Trade Secretary Ramon Lopez said. Lopez, who co-chairs the National Competitiveness Council (NCC), said the country can expect a modest two to five notches improvement in the ease of doing business survey this year after ranking 99th in last year’s edition. The NCC’s immediate goal is for the country to be part of the top third of the rankings, placing from anywhere between 58th and 63rd. “For the ease of doing business, we are targeting from a rank of 99, we want to reach about a level of 58 to 63 by really cutting down the burden, the number of steps, and the number of days in starting a business,” Lopez said. “This, however, will not be attained this year yet as the reforms of shortening the process of starting a business are ongoing. But we can expect an improvement in the rankings, nonetheless,” he said.

For renewal of business permit, the government is seeking to reduce the processing period to one day, while that for new business permit will be cut to two days. According to the World Bank last year, it takes 28 days to start a business in the Philippines, compared to 21 days on average at the global level. “Overall, we plan to reduce the steps and time in business permits and Bureau of Internal Revenue registration. At present it has 16 steps and we plan to reduce it to six steps. The 28 days we will cut it to eight days,” Lopez said.

(snipped)
http://www.philstar.com/business/201...doing-business
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Old Today, 08:40 AM   #464
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Philippines banking on RE to hike power supply



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The Department of Energy (DOE) said it wants the share of renewable energy (RE) to increase by at least 20,000 megawatts (MW) by 2040.
“It is vital in our vision toward attaining 20,000 megawatts of renewable-energy capacities by 2040,” Energy Secretary Alfonso G. Cusi said during the launch of the Renewables Readiness Assessment (RRA) for the country.
RRA is a collaboration among the DOE, International Renewable Energy Agency (Irena) and other RE stakeholders from both the public and private sectors. The DOE chief said that with the Philippine governments’ aggressive stance towards building RE capacities, there is a “need to identify and analyze key challenges to further guide our stakeholders in our policies, regulatory and institutional framework”.

Cusi said the Philippine RRA will also contribute to a database of the status of renewables readiness across member-countries of Irena.
The RRA is also meant to serve as a forum with industry stakeholders to inform them on its results, solicit their views in carrying out the recommendations and discuss opportunities and challenges of the RE sector. Irena is an intergovernmental organization that supports countries in transitioning into a sustainable energy future. It serves as the principal platform for international cooperation and an avenue to explore other values of RE as it promotes widespread adoption and sustainable use of all forms in the pursuit of sustainable development. “The DOE is committed to provide a level of playing field among RE developers to assure the country of its indigenous and sustainable energy for the consuming public,” Cusi said. Meanwhile the Energy Regulatory Commission (ERC) authorized two RE applicants to develop and own their respective point-to-point limited facilities to connect to the Visayas grid in line with the government’s drive to encourage generation companies for alternative sources of electricity.

(snipped)
http://www.businessmirror.com.ph/phl...-power-supply/
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Old Today, 01:41 PM   #465
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Originally Posted by Reeyell View Post
Philippines banking on RE to hike power supply



http://www.businessmirror.com.ph/phl...-power-supply/
20,000 megawatt in 40 years? That doesn't say anything. Maybe if Cusi could have put that in % of total energy consumption by 2040. Per wiki, in 2013, share REs (geothermal, wind, solar, biomass) is at 26% already, equivalent to 19,903 Gwatts. I think 20k Mw won't make a dent. So I don't know how to take this pronouncement.
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