Malunggay powder producer gets BOI nod

MANILA, Philippines —  The Board of Investments (BOI) has registered the PHP36.4-million project of Mauswag Agribusiness, Inc. to produce Moringa oleifera or malunggay powder as producer of non-traditional export products under the Investment Priorities Plan (IPP). In a statement Wednesday, BOI said Pili, Camarines Sur-based Mauswag Agribusiness had integrated facility which involved planting of malunggay …

PH welcomes foreign aid to rebuild Marawi: Diokno

MANILA, Philippines — Department of Budget and Management (DBM) Secretary Benjamin Diokno said Thursday that the Philippine government welcomes any help from foreign countries for the rehabilitation of Marawi City. On the sidelines of the 43rd Philippine Business Conference and Expo Thursday, Diokno told reporters that the government has funds for rebuilding Marawi, but would …

US-SEA submarine cable system to boost economic growth in Mindanao

MANILA, Philippines — The submarine cable system connecting the Philippines to the United States through Davao City is expected to strengthen Internet connection in the country.  The USD250-million facility which was deployed by Globe Telecom will help further boost the growth of business in the Mindanao region. On its website, Globe Telecom  announced the launching of  …

Duterte to Lucio Tan: Pay billions of unpaid airport charges in ten days

DAVAO CITY, Philippines — President Rodrigo Duterte means business as he wants business tycoon Lucio Tan to pay the government an estimated P6.63-billion  representing his company’s unpaid airport charges  in ten days. During the last three months of the 2016 presidential elections, trusted men of Tan went to see Duterte in Davao to support his …

Chinese VP lauds 14th China-ASEAN Expo organizers

BEIJING — Chinese Vice Premier Zhang Gaoli lauded the successful holding of the 14th China-ASEAN Expo and the China-ASEAN Business and Investment Summit in Nanning, China last week. “China-ASEAN Expo is becoming better and better each year. The Expo is very successful,” Zhang told the 300 foreign journalists whom he met at the Great Hall of …

Bullish economy expected to boost PH real estate market

MANILA, Philippines —  The Philippine real estate market is expected to sustain its growth momentum on the back of the country’s bullish economy and strong investor confidence, according to a global real estate consultancy. Rick Santos, Chairman and Chief Executive Officer of Santos Knight Frank Inc., said the Philippines has climbed one notch in the competitiveness …

Davao Tourist arrivals still high despite Martial Law

DAVAO CITY, Philippines — Despite under Martial Law, Davao City remained a tourist hub and has recorded  a total of 1,864,343 tourist arrivals since last year. Speaking before the Ist Davao Tourism Association (DATA) conference, Friday, September 22, Davao City  Mayor  Sara Duterte-Carpio on Friday attributed the tourist influx to the strong support of the …

BIMP-EAGA to expand partnership with China

DAVAO CITY, Philippines — The  Brunei Darussalam Indonesia Malaysia and Philippines East ASEAN Growth Area  (BIMP-EAGA) is looking to expand its partnership with the country to include trading and investments. Banking on its long-term partnership with China Mindanao Development Authority Secretary Datu Abul Khayr Alonto expressed optimism through the Philippine Signing Minister of BIMP-EAGA. Alonto …

Drone distributors should educate buyers on rules- DCPO

DAVAO CITY, Philippines —  The Davao City Police Office (DCPO) is intensifying awareness on flying unmanned aircraft vehicles (UAVs), commonly known as drones, urging sellers to also inform buyers of existing regulations by the Civil Aeronautics Aviation of the Philippines (CAAP). This developed after two people were briefly held by the police for flying drones …

Joint tourism promotion between Philippines and Indonesia pushed

BANDUNG, Indonesia — Talks are ongoing among tourism players in two  major Asian cities in an effort to boost tourism sector. Tourism council leaders  of Indonesia’s Bandung and Philippines’ Cebu City started to talk on the proposed joint tourism promotion to benefit each other as they promote culture among asian countries. Kenny Dewi Kaniasari of …