• 25 October 2016
MANILA, Oct. 25 - Given the rare convergence of a sustained economic expansion and unmatched popular support behind a newly elected president, the Philippines is blessed with the “elbowroom” to undertake the institutional reforms needed for it to finally lick poverty and evolve from the region’s laggard to its economic powerhouse, according to Finance Secretary Carlos Dominguez III said. Dominguez said the new government’s medium-term plan is to transform the Philippines into an upper middle-income state in six years’ time, and the unparalleled popular support—plus political will—of President Duterte equips him with “more than sufficient political capital” to carry out the profound reforms in Government and the economy necessary to achieve this ambitious goal. He told International Monetary Fund (IMF) and World Bank officials during a recent meeting in Washington DC that the new government will never “shirk from the challenges of this vital conjuncture,” Dominguez said it fully intends to transform the economy from a consumption- to an investment-driven one by implementing the tough reforms ranging from the upgrade of its law enforcement capabilities to ...Read more

DOLE issues pay rules for October 31 and November 1

 CENTRAL  25 October 2016
MANILA, Oct 25 - Labor and Employment Secretary Silvestre H. Bello III reminded private sector employers to observe the correct pay rules and core labor standards on October 31 and November 1 which were declared as special non-working days.   “All Saints Day, or ‘Undas’, is one of t ...Read more

PDEA, China's Anti-Narcotics body sign Protocol of Cooperation

 CENTRAL  25 October 2016
QUEZON CITY, Oct. 25 - The Philippine Drug Enforcement Agency (PDEA) and the Narcotics Control Bureau of the Ministry of Public Security of the People’s Republic of China (PRC) have formed an alliance to effectively suppress and control drug crimes between the two nations. This was the ag ...Read more