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Australian agri logistics pledge drives record SBMA investments
THE Subic Bay Metropolitan Authority (SBMA) booked P111.5 billion worth of newly-approved investment projects in the first seven months of the year, its highest for any comparable period since its establishment in 1992, owing to the P70.5 billion to be invested by Australasia Cold Storage Logistics Pty. Ltd. and AIA Airways Co. In a statement, the investment promotion agency said that its year-to-date total of newly-approved pledges is over 500% higher than the full year total new investments in 2015 and up 132.78 % from the P47.9-billi... Report tags Philippines with ‘biggest improvement’ in financial inclusion
THE PHILIPPINES made the biggest stride in terms of financial inclusion by adopting “enabling” rules for digital financial services, international think tank Brookings Institution said in a report.The Brookings Financial and Digital Inclusion Project cited the Philippines as having made the “biggest improvement” in financial inclusion, marked by an eight-percentage-point rise in its overall score from a year ago that placed it sixth among 26 countries covered and the top in Asia in terms of offering more services for unbanked resident... Remittances up 3.1% to $14.6B in 6 months - More than 300,000 workers deployed abroad in first half
DOLLARS sent home by overseas Filipinos continued to rise at the end of June—the third straight month of growth—due mainly to the steady stream of workers being deployed to other countries, the Bangko Sentral ng Pilipinas said Monday.In a statement, the BSP said that personal remittances from expatriate workers grew by 4.8 percent to $2.6 billion in June 2016 compared to the same period last year.This brought personal remittances for the first six months of the year to $14.6 billion, up 3.1 percent from the first semester of 2015, B...
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IRO Message
President Rodrigo Roa Duterte took his oath, at noon today, June 30, as the Republic of the Philippines’ 16th President in a ceremony held at Malacañan Palace in Manila. 
Vice President Leni Robredo also took her oath as the Republic’s 14th Vice President in a separate ceremony held at the Reception House in Quezon City.
Immediately after his oath-taking, President Dut...
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