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  • Philippine Lower House to push charter change

    Asia News Network - Monday 20th May, 2013

    With a firmer grip on Congress, Philippine President Benigno Aquino III is expected to push for changes in foreign equity restrictions to attract more capital in order to create more jobs and reduce poverty incidence. But his political leaders are divided on how to initiate the changes.On one hand, Quezon City Rep. Feliciano Belmonte Jr., who is expected to retain the speakership, prefers ...

  • Barclays ups Philippines growth estimates

    Asia News Network - Monday 20th May, 2013

    Barclays has raised its 2013 growth forecast for the Philippines as it expects the economy to post one of the fastest growth rates among emerging markets in Asia. In one of its latest reports, Barclays said the Philippines was now seen to grow by 6.2 per cent this year and 6.3 per cent in 2014. The international financial services firm earlier projected that the Philippine economy would grow ...

  • Manila Taipei agree on cooperative probe

    Asia News Network - Monday 20th May, 2013

    The Philippines and Taiwan on Monday agreed on a cooperative investigation into the fatal shooting of a Taiwanese fisherman by Filipino Coast Guards, which had led to fresh cross-channel tensions and harassment of Filipino workers in Taiwan. Justice Secretary Leila de Lima told reporters that the cooperation, agreed on during a meeting between National Bureau of Investigation officials and ...

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