• 27 May 2015
MANILA. May 27 – Merchandise imports  decreased  by 6.8 percent in March 2015 as lower payments primarily for mineral fuels, lubricants, and raw materials were recorded in the period, according to the National Economic and Development Authority (NEDA). According to a report from the Philippine Statistics Authority, total import payments fell to US$5.1 billion in March 2015 from US$5.5 billion from the same period last year. The decline came after a 10.2-percent rebound in February 2015 and a 10.8-percent annual growth in March 2014. Most trade-oriented economies in East and Southeast Asia, except for Viet Nam, posted a decline in merchandise imports in March 2015. The reduced value of imports primarily from PR China, South Korea and Singapore contributed to a drag on imports during the period. Lower crude oil prices and the lower demand for non-oil mineral products reduced the value of imported mineral fuels and lubricants by 47.3 percent, to US$681.3 million in March 2015 from US$1.3 billion from the same period last year.“The low oil-price condition remains favorable to the current balance of trade, particularly for trade-in-goods of the country as global oil prices con ...Read more

House Committee on Ways and Means approves Bangsamoro bill

 CENTRAL  27 May 2015
MANILA-- The House of Representatives Committee on Ways and Means approved with amendments provisions in the proposed Basic Law for the Bangsamoro Autonomous Region specific to taxation and wealth-sharing, the Office of the Presidential Adviser on the Peace Process said in a statement. The committe ...Read more

DBM releases  P270M to start  Manila Metropolitan Theatre restoration

 CENTRAL  27 May 2015
MANILA, May 27 --  After suffering years of deterioration and neglect, the Manila Metropolitan Theater (MET) will finally get a new lease on life under the Aquino administration, beginning with a P270-million fund release made by the Department of Budget and Management (DBM) to the National Commiss ...Read more