• 28 April 2015
MANILA, April 28 -- Philippine imports rose at 11.2 percent in February 2015 as higher payments were recorded in raw materials, intermediate, capital and consumer goods, the National Economic and Development Authority (NEDA) said in a statement. According to a report from the Philippine Statistics Authority (PSA), imports rose to US$5.3 billion in February 2015 from US$4.8 billion in the same month last year— a significant rebound from the previous month’s contraction of 12.4 percent. The increase, primarily from capital goods at 21.5 percent, followed by raw materials and intermediate goods (16.7 percent) and consumer goods (12.2 percent) pulled merchandise imports up despite the drop in mineral fuels and lubricants. “This good performance suggests robust economic activity in construction and manufacturing and is likely reflective of upbeat domestic demand particularly in private consumption and investments. We expect this to remain favorable over the near term,” said NEDA Officer-in-Charge (OIC) and Deputy Director-General Rolando G. Tungpalan. “If a similar trend in importation for the succeeding month continues, it will secure government’s expectation of a stro ...Read more

Government committed to protecting workers’ rights, Palace official says

 CENTRAL  28 April 2015
MANILA, April 28 -- The government will continue to protect the rights of workers, as mandated by the Constitution, a Palace official said on Monday.Speaking at a press briefing, Presidential Spokesperson Edwin Lacierda cited the improvement in the Bureau of Labor Standards as among the government ...Read more

APEC meeting in Bacolod to center on disaster risk finance

 CENTRAL  28 April 2015
BACOLOD CITY, April 28 -- Officials and delegates from member economies of the Asia-Pacific Economic Cooperation (APEC) will tackle disaster risk financing when they meet at the SMX Convention Center here on April 29 to 30. The discussion, which carries the theme "Disaster Risk Finance-APEC Roadmap ...Read more