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Tetangco Bows Out With Philippine Prices Tamed, Fast Growth
Amando Tetangco saw inflation surge to almost 11 percent and economic growth plunge to as low as 0.5 percent during his term as Philippine central bank governor. As he oversees his final rate meeting on Thursday, price gains are about a third of that and the economy is booming.In his 12-year stint, Tetangco boosted reserves, reined in inflation, kept the currency stable and transformed the economy into among the world’s fastest-growing. Bangko Sentral ng Pilipinas held its benchmark rate at a record low 3 percent on Thursday, as predicted... Phl hosts first Asean e-vehicle summit
MANILA, Philippines - The Philippine electric and hybrid vehicle sector is seen to attract investments from Asean countries as it will be hosting a regional summit this month.“We’re now exposing the Philippines as a potential hub for EV(electric vehicles) manufacturing,”Philippine Board of Investments(BOI) executive director for industry development services Ma. Corazon Halili-Dichosa said in a press briefing Friday.The BOI, along with the Electric Vehicle Association of the Philippines (EVAP), the Chamber of Automotive Manufactu... PH 7th most promising investment destination
The Philippines has become a more attractive destination of prospective foreign direct investments, placing seventh in a list of economies tagged as “most promising host countries,” the United Nations Conference on Trade and Development (Unctad) 2017 business survey showed.The survey was part of the Unctad World Trade Investment Report 2017, which discussed global trends and prospects in FDI flows.The Philippines ranked 7th in a list of 15 developing and developed countries picked by business executives of multinational enterprises wh...
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IRO Message
The newly approved Philippine Development Plan (PDP) 2017-2022 is now available for download at http://iro.ph/article_doc/fc55bc53_PDP-2017-2022-Prepublication-2.pdf. The first medium-term plan to be anchored on a national long-term vision, or AmBisyon Natin 2040, the PDP 2017-2022 represents the collective vision and aspirations of Filipinos for themselves and for the country.

The PDP al...
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